Two ETF Ideas For a Winning June

Despite its small stature (IAI has just $96.2 million in assets under management), the ETF is up 5.6% in the past month and almost 24% this year. That compares with a gain of about 17% for the far larger Financial Select Sector SPDR (NYSEArca: XLF).

First Trust Consumer Discretionary AlphaDEX Fund (NYSEArca: FXD)

The conversation regarding consumer discretionary ETFs is usually denominated by the two largest funds tracking the sector, but the First Trust Consumer Discretionary AlphaDEX Fund has earned its place atop the list of discretionary ETFs. [Chart Of The Day: AlphaDEX Methodology]

No stock accounts for more than 1.57% of FXD’s weight and ETF is well positioned with its largest sub-sector allocation being a 20.6% weight to media names. More importantly, FXD stands as proof positive that not all discretionary ETFs are created equal. FXD is up 18.2% this year while the rival Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) is up 16.4%.

First Trust Consumer Discretionary AlphaDEX Fund

 

ETF Trends editorial team contributed to this report.