Data as of Oct 28, 2026.
FXL vs IGM: Differences, Returns & Fees
Over the year to Oct 28, 2026, FXL returned +29.0% to IGM's +21.7%; 29% of their weight is in the same names.
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Net assets on Oct 27, 2026: $2.8bn for First Trust Technology AlphaDEX Fund and $11.0bn for iShares Expanded Tech Sector ETF.
Pair scorecard
IGM costs 0.23 points a year less; their one-year returns differ by 7.3 points; IGM is 3.9 times larger.
| Measure | FXL | IGM |
|---|---|---|
| Return | ||
| Total return, 1 year | +29.0% | +21.7% |
| Drawdown | ||
| Below its high | 6.2%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | StrataQuant Technology Index | S&P North American Expanded Technology Sector Index |
| Cost and size | ||
| Expense ratio | 0.60% | 0.37% |
| Net assets, as of Oct 27, 2026 | $2.8bn | $11.0bn |
| Holdings | ||
| Holdings in common | 29% | |
| Top ten holdings, share of the fund | 17.0% | 56.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
May 18, 2007 to Oct 23, 2026 · 1,014 weekly returnsIGM returned more: +1,794.7% to +1,055.5%. IGM swung slightly less: 21.9% to 23.7%. IGM fell less at its worst: −52.5% to −60.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FXL | IGM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,055.5% | +1,794.7% | IGM | Price change plus distributions, reinvested. |
| Annualized | +13.4% | +16.3% | IGM | Total return as a yearly rate. |
| Price return | +995.5% | +1,606.2% | IGM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 23.7% | 21.9% | IGM (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.4% | 14.8% | IGM (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −60.5% | −52.5% | IGM | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.58 | 0.73 | IGM | Return above Treasury bills per unit of volatility. |
| Sortino | 0.85 | 1.08 | IGM | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.22 | 0.31 | IGM | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,014 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FXL and IGM hold 29% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
29% in common
Only in one fund ↓
Side by side
FXL and IGM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FXL and IGM are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FXL follows StrataQuant Technology Index and IGM follows S&P North American Expanded Technology Sector Index.
- Holdings in common. 29% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FXL returned +29.0% and IGM +21.7% with distributions reinvested, a gap of 7.3 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +29.0% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index.
FXL tracks an index. The prospectus expense ratio is 0.60% a year. By its holdings published by its issuer for Oct 27, 2026, 50% of the fund by weight is stocks the S&P 500 also holds, across 110 positions, with the top ten at 17.0%.
IGM
IGM tracks an index of Expanded Tech Sector. Over the year to Oct 28, 2026 it returned +21.7% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 295 positions, with the top ten at 56.8%. It sat 6.2% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FXL or IGM?
- In the year to Oct 28, 2026, with distributions reinvested, FXL returned +29.0% and IGM +21.7%.
- Which is cheaper, FXL or IGM?
- IGM is cheaper, by 0.23 percentage points a year. That is about $23 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FXL against IGM, data as of Oct 28, 2026. https://etfiq.com/compare/any/fxl-vs-igm
ETFIQ. (Oct 28, 2026). FXL against IGM. Retrieved from https://etfiq.com/compare/any/fxl-vs-igm
[FXL against IGM (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fxl-vs-igm)
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