Investors looking for solid exposure to insurance stocks without the commitment of a dedicated industry fund, such as IAK or KIE, can consider the First Trust Financial AlphaDEX Fund (NYSEArca: FXO).

Like the other AlphaDEX ETFs, FXO’s 172 holdings are selected based “on growth factors including three, six and 12-month price appreciation, sales to price and one year sales growth, and, separately, on value factors including book value to price, cash flow to price and return on assets,” according to First Trust.

The $681.3 million ETF currently allocates over a third of its weight to insurance providers, nearly two and a half times its weight to banks and almost quadruple its allocation to capital markets firms. Since Feb. 2, FXO is higher by nearly 5%.

SPDR S&P Insurance ETF