Is First Trust Financials AlphaDEX ETF (FXO) a Strong ETF Right Now?

The First Trust Financials AlphaDEX ETF (FXO) is a smart beta ETF with $1.1 billion in assets that tracks the StrataQuant Financials Index. With a 0.60% expense ratio, year-to-date returns of 8.49%, and 105 holdings providing diversification, FXO offers medium-risk exposure to the financials sector. However, cheaper alternatives like Vanguard Financials Index Fund (VFH) and State Street Financial Select Sector SPDR (XLF) may be more suitable for cost-conscious investors.