“FXL was a stronger performer than VGT in 2013, 2014 and for the year-to-date, despite the lack of Apple exposure. FXL is a fundamentally driven ETF that holds 86 technology stocks within the broader Russell 1000 Index that fit proprietary growth and value characteristics, such as sales growth and book value to price. Apple currently does not fit the AlphaDex criteria,” said S&P Capital IQ.
The research firm rates FXL and RYT marketweight.
Guggenheim S&P 500 Equal Weight Technology ETF
Tom Lydon’s clients own shares of Apple and QQQ.