Is First Trust Large Cap Core AlphaDEX ETF (FEX) a Strong ETF Right Now?
FEX is a smart beta ETF launched in 2007 with $1.59 billion in assets, offering large-cap blend exposure through the Nasdaq AlphaDEX methodology. With a 0.57% expense ratio, it has gained 16.32% year-to-date and 20.28% over the past year, featuring 376 holdings with medium risk (beta 0.94). However, traditional market cap-weighted alternatives like IVV and VOO offer lower expense ratios (0.03%) and significantly larger asset bases.