FXLvsCNAVETF Comparison
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First Trust Technology AlphaDEX Fund ETF (FXL) belongs to the US Info. Technology segment. Mohr Company Nav ETF (CNAV) is part of the Multi-Asset: Other segment. Both ETFs have the same top 3 sector exposures: Technology, Industrials and Finance. FXL is less expensive with a Total Expense Ratio (TER) of 0.6%, versus 1.31% for CNAV. FXL is up 28.3% year-to-date (YTD) with +$942M in YTD flows. CNAV performs worse with 27.6% YTD performance, and +$7M in YTD flows. Run a side-by-side ETF comparison of FXL and CNAV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FXL vs CNAV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FXL CNAV | -0.69%+0.64% | +3.05%-7.96% | +28.30%+27.60% | +29.19%+30.09% | +87.18%n/a | +71.13%n/a |
| Flows | FXL CNAV | -+$2M | +$999M+$6M | +$942M+$7M | +$919M+$6M | +$656M- | -$684M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FXL CNAV | +29.24%+44.46% | +26.71%+34.11% | +25.15%n/a | +26.52%n/a |
| Max drawdown | FXL CNAV | -12.58%-25.80% | -15.21%-25.80% | -28.19%n/a | -38.56%n/a |
| Max drawdown duration | FXL CNAV | 41d81d | 71d81d | 156dn/a | 821dn/a |
Trading data
FXL | CNAV | |
Last sale 9/15/2026 at 1:30 PM | $211.38 | $39.50 |
| Previous close 09/14/2026 | $212.04 | $39.31 |
| Consolidated volume 09/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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CNAV
is actively managed and doesn’t replicate an indexFXL | CNAV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/15/2026 at 1:30 PM
Live
Closed
FXL | CNAV | |
|---|---|---|
| Last price | $211.38 | $39.50 |
| 1D performance | -0.31% | +0.47% |
| AuM | $2.77 B | $51.20 M |
| E/R | 0.6% | 1.31% |
Characteristics
FXL | CNAV | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | Mohr Funds |
| Benchmark | StrataQuant Technology Index | - |
| N° of holdings | 110 | 32 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | October 1, 2024 |
| ESG | No | No |
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Exposure
Countries
FXL
USA
96.75%
Other
3.25%
CNAV
USA
87.1%
Other
12.9%
Sectors
FXL
Technology
84.36%
Industrials
7.62%
Other
8.02%
CNAV
Technology
51.93%
Industrials
19.2%
Finance
7.6%
Other
21.26%
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Diversification
FXL
Total weight of top 15 holdings out of 15
25.25%
CNAV
Total weight of top 15 holdings out of 15
54.7%
Top 15 holdings
Data as of July 31, 2026
FXL
Cognizant Technology Solutions Corp.
2.44%
Leidos Holdings, Inc.
2.13%
PTC, Inc.
2.09%
EPAM Systems, Inc.
2.08%
Zoom Communications, Inc.
1.91%
Amdocs Ltd.
1.87%
Adobe, Inc.
1.64%
Dell Technologies, Inc.
1.56%
RingCentral, Inc.
1.56%
UiPath, Inc.
1.36%
KBR, Inc.
1.36%
Credo Technology Group Holding Ltd.
1.32%
Twilio, Inc.
1.32%
Micron Technology, Inc.
1.31%
Everpure, Inc.
1.30%
CNAV
Western Digital Corp.
6.20%
Advanced Micro Devices, Inc.
4.63%
Comfort Systems USA, Inc.
4.33%
Dell Technologies, Inc.
3.79%
NetApp, Inc.
3.59%
Datadog, Inc.
3.51%
Cisco Systems, Inc.
3.41%
CrowdStrike Holdings, Inc.
3.29%
J.B. Hunt Transport Services, Inc.
3.28%
Arista Networks, Inc.
3.27%
Micron Technology, Inc.
3.23%
Caterpillar, Inc.
3.14%
Sandisk Corp.
3.05%
Humana, Inc.
3.04%
United Airlines Holdings, Inc.
2.94%
Frequently asked questions about FXL and CNAV
How have the FXL and CNAV ETFs performed in 2026?
As of September 11, 2026, FXL is up 28.3% year-to-date (YTD), while CNAV has returned 27.6%. That puts FXL better performer ahead so far this year.
Which ETF is attracting more investor money: FXL or CNAV?
Year-to-date, the FXL ETF saw +$942M in flows, compared to +$7M for CNAV.
Which ETF is more volatile: FXL or CNAV?
Over the past year, FXL had a volatility of 26.71%, while CNAV experienced 34.11%.
Which ETF is bigger: FXL or CNAV?
As of September 11, 2026, FXL holds $2.77 B in assets under management (AUM), while CNAV manages $51.20 M.
What sectors do the FXL and CNAV ETFs invest in?
FXL leans toward sectors like Technology and Industrials. Meanwhile, CNAV focuses on Technology, Industrials and Finance.
What are the top holdings of the FXL ETF and CNAV ETF?
FXL top holdings include Cognizant Technology Solutions Corp., Leidos Holdings, Inc. and PTC, Inc.. CNAV holds in its top three: Western Digital Corp., Advanced Micro Devices, Inc. and Comfort Systems USA, Inc..
Which ETF is more diversified: FXL or CNAV?
FXL holds 110 securities with 25.25% of its assets in the top 15. CNAV has 32 securities and a top 15 weight of 54.7%.
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