Data as of Oct 28, 2026.
FXL vs TRFK: Differences, Returns & Fees
Over the year to Oct 28, 2026, FXL returned +29.0% to TRFK's +28.4%; 20% 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 $1.1bn for Pacer Data and Digital Revolution ETF.
Pair scorecard
TRFK costs 0.11 points a year less; their one-year returns differ by 0.6 points; FXL is 2.5 times larger.
| Measure | FXL | TRFK |
|---|---|---|
| Return | ||
| Total return, 1 year | +29.0% | +28.4% |
| Drawdown | ||
| Below its high | 15.2%, high on Jun 22, 2026 | |
| Benchmark | ||
| What it tracks | StrataQuant Technology Index | Pacer Data Transmission and Communication Revolution Index |
| Cost and size | ||
| Expense ratio | 0.60% | 0.49% |
| Net assets, as of Oct 27, 2026 | $2.8bn | $1.1bn |
| Holdings | ||
| Holdings in common | 20% | |
| Top ten holdings, share of the fund | 17.0% | 53.0% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Jun 17, 2022 to Oct 23, 2026 · 227 weekly returnsTRFK returned more: +290.7% to +139.1%. FXL swung less: 24.1% to 29.3%. FXL fell slightly less at its worst: −26.5% to −27.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FXL | TRFK | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +139.1% | +290.7% | TRFK | Price change plus distributions, reinvested. |
| Annualized | +22.1% | +36.6% | TRFK | Total return as a yearly rate. |
| Price return | +137.3% | +285.8% | TRFK | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.1% | 29.3% | FXL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.7% | 19.0% | FXL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −26.5% | −27.3% | FXL (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.77 | 1.06 | TRFK | Return above Treasury bills per unit of volatility. |
| Sortino | 1.17 | 1.64 | TRFK | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.83 | 1.34 | TRFK | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 227 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FXL and TRFK hold 20% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
20% in common
Only in one fund ↓
Side by side
FXL and TRFK on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FXL and TRFK are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FXL follows StrataQuant Technology Index and TRFK follows Pacer Data Transmission and Communication Revolution Index.
- Holdings in common. 20% of the weight is in the same securities (holdings dated Oct 27, 2026 and Jul 31, 2026).
- Cost. FXL charges 0.60% of assets a year and TRFK 0.49%, a gap of 0.11 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%.
TRFK
TRFK tracks an index. Over the year to Oct 28, 2026 it returned +28.4% with distributions reinvested. The prospectus expense ratio is 0.49% a year. By its holdings filed for Jul 31, 2026, 75% of the fund by weight is stocks the S&P 500 also holds, across 94 positions, with the top ten at 53.0%. It sat 15.2% below its high of Jun 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FXL or TRFK?
- In the year to Oct 28, 2026, with distributions reinvested, FXL returned +29.0% and TRFK +28.4%.
- Which is cheaper, FXL or TRFK?
- TRFK is cheaper, by 0.11 percentage points a year. That is about $11 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 TRFK, data as of Oct 28, 2026. https://etfiq.com/compare/any/fxl-vs-trfk
ETFIQ. (Oct 28, 2026). FXL against TRFK. Retrieved from https://etfiq.com/compare/any/fxl-vs-trfk
[FXL against TRFK (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fxl-vs-trfk)
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