8 Overlooked Smart Beta ETFs

First Trust Large Cap Core AlphaDEX Fund (NYSEArca: FEX)

AUM: $640.9 million

YTD: 27.1%

Comment: With a dizzying array of U.S. large-cap ETFs on the market, a few are bound to go overlooked.  Such is life for FEX, but that hardly means this is not an ETF worth considering. FEX is underweight the S&P 500’s two largest sectors – technology and financial services, but that has not stood in the way of performance. FEX’s underlying index, the Defined Large Cap Core Index, has outperformed the S&P 500 by 442 basis this year, according to First Trust data.