Another way of looking at FXG is that the ETF has benefited from the long-standing out-performance of mid-caps relative to broader U.S. indices. By not being heavily allocated to the most popular staples names, such as Procter & Gamble and Coca-Cola (NYSE: KO), FXG is able to offer more of a growth feel to a sector more associated with defense, not growth. [Super Staples ETFs]
“The difference is outstanding. The First Trust growth weighted fund is taking more risk with companies having smaller market capitalizations, a higher beta, (although still less than 1), and much smaller dividends. On the other hand, the Guggenheim Equally Weighted fund contains a real home run hitting line-up. The average market capitalization of the non-overlapping companies of the Guggenheim fund is a whopping $50.2310 billion compared with the First Trust fund’s non-overlapping companies $6.67 billion; that’s over 7.5 times,” according to a Seeking Alpha Post.
First Trust Consumer Staples AlphaDEX Fund
