FCA is also more diverse at the sector as five groups combine for about two-thirds of the fund’s weight. Financials and telecom combine for over two-thirds of FXI’s weight. FCA is up 13.5% since July 1, a performance that lags FXI, but there have been times when FCA has been the leader, including the fourth quarter of 2012 when China ETFs rallied.

FCA debuted in April 2011 along with several other international AlphaDEX funds, including ETFs for Brazil and Japan.

First Trust China AlphaDEX Fund

ETF Trends editorial team contributed to this post.