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UPGDvsFEXETF Comparison

ETF 1

UPGD

Invesco Bloomberg Analyst Rating Improvers ETF

This fund is part of

US Large Cap

-1.05%

Full UPGD fund page

VS

ETF 2

FEX

First Trust Large Cap Core AlphaDEX Fund ETF

This fund is part of

US Multi-Factor

-0.62%

Full FEX fund page

Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) belongs to the US Large Cap segment. First Trust Large Cap Core AlphaDEX Fund ETF (FEX) is part of the US Multi-Factor segment. UPGD's top 3 sector exposures are Industrials, Technology and Consumer Non-Cyclicals. In contrast, FEX's top sector exposures are Finance, Technology and Industrials. UPGD is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.57% for FEX. UPGD is up 11.31% year-to-date (YTD) with +$656K in YTD flows. FEX performs better with 15.2% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of UPGD and FEX 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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UPGD vs FEX performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	UPGD FEX	+3.13%-1.27%	+6.23%+6.46%	+11.31%+15.20%	+16.14%+24.53%	+44.57%+64.31%	+51.86%+70.72%
Flows	UPGD FEX	-$820K+$2M	+$113K+$9M	+$656K-$3M	-$4M-$37M	-$44M-$177M	-$53M-$204M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	UPGD FEX	+14.79%+14.76%	+14.07%+13.27%	+15.24%+14.92%	+18.71%+16.95%
Max drawdown	UPGD FEX	-3.67%-3.24%	-10.10%-6.27%	-16.72%-19.51%	-24.26%-21.53%
Max drawdown duration	UPGD FEX	15d7d	82d47d	263d232d	839d757d

Trading data

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	UPGD	FEX
Last sale 7/17/2026 at 1:30 PM	$82.33	$135.26
Previous close 07/16/2026	$82.76	$135.91
Consolidated volume 07/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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	UPGD	FEX
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/17/2026 at 1:30 PM

Live

Closed

	UPGD	FEX
Last price	$82.33	$135.26
1D performance	-0.52%	-0.48%
AuM	$118.87 M	$1.57 B
E/R	0.4%	0.57%

Characteristics

	UPGD	FEX
Management strategy	Passive	Passive
Provider	Invesco	First Trust
Benchmark	Bloomberg ANR Improvers Index	NASDAQ AlphaDEX Large Cap Core Index
N° of holdings	50	374
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	May 19, 2006	May 8, 2007
ESG	No	No

More UPGD data on Trackinsight

More FEX data on Trackinsight

Exposure

Countries

UPGD

USA

96.52%

Other

3.48%

FEX

USA

96.11%

Other

3.89%

Sectors

UPGD

Industrials

25.26%

Technology

21.28%

Consumer Non-Cycl.

14.04%

Consumer Cyclical.

9.71%

Consumer Services

8.08%

Other

21.63%

FEX

Finance

19.76%

Technology

19.29%

Industrials

17.51%

Healthcare

8.55%

Other

34.89%

Diversification

UPGD

Total weight of top 15 holdings out of 15

37.52%

FEX

Total weight of top 15 holdings out of 15

11.75%

Top 15 holdings

Data as of May 31, 2026

UPGD

Intel Corp.

5.17%

NetApp, Inc.

2.73%

Super Micro Computer, Inc.

2.70%

F5, Inc.

2.68%

Ford Motor Co.

2.34%

Cloudflare, Inc.

2.32%

Caterpillar, Inc.

2.29%

Old Dominion Freight Line, Inc.

2.22%

Cummins, Inc.

2.19%

Waters Corp.

2.18%

Best Buy Co., Inc.

2.17%

Dick's Sporting Goods, Inc.

2.17%

Zoom Communications, Inc.

2.14%

Marriott International, Inc.

2.11%

Airbnb, Inc.

2.10%

FEX

Micron Technology, Inc.

1.22%

Dell Technologies, Inc.

1.13%

Sandisk Corp.

1.10%

Seagate Technology Holdings Plc

0.94%

Super Micro Computer, Inc.

0.82%

Western Digital Corp.

0.80%

Bloom Energy Corp.

0.80%

Advanced Micro Devices, Inc.

0.80%

Marvell Technology, Inc.

0.71%

MACOM Technology Solutions Holdings, Inc.

0.63%

Humana, Inc.

0.60%

Ciena Corp.

0.58%

Elevance Health, Inc.

0.55%

MKS, Inc.

0.55%

Corning, Inc.

0.52%

Frequently asked questions about UPGD and FEX

How have the UPGD and FEX ETFs performed in 2026?

As of July 17, 2026, UPGD is up 11.31% year-to-date (YTD), while FEX has returned 15.2%. That puts FEX better performer ahead so far this year.

Which ETF is attracting more investor money: UPGD or FEX?

Year-to-date, the UPGD ETF saw +$656K in flows, compared to -$3M for FEX.

Which ETF is more volatile: UPGD or FEX?

Over the past year, UPGD had a volatility of 14.07%, while FEX experienced 13.27%.

Which ETF is bigger: UPGD or FEX?

As of July 17, 2026, UPGD holds $118.87 M in assets under management (AUM), while FEX manages $1.57 B.

What sectors do the UPGD and FEX ETFs invest in?

UPGD leans toward sectors like Industrials, Technology and Consumer Non-Cyclicals. Meanwhile, FEX focuses on Finance, Technology and Industrials.

What are the top holdings of the UPGD ETF and FEX ETF?

UPGD top holdings include Intel Corp., NetApp, Inc. and Super Micro Computer, Inc.. FEX holds in its top three: Micron Technology, Inc., Dell Technologies, Inc. and Sandisk Corp..

UPGDvsFEXETF Comparison

Invesco Bloomberg Analyst Rating Improvers ETF

First Trust Large Cap Core AlphaDEX Fund ETF

UPGD vs FEX performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the UPGD and FEX ETFs performed in 2026?

As of July 17, 2026, UPGD is up 11.31% year-to-date (YTD), while FEX has returned 15.2%. That puts FEX better performer ahead so far this year.

Which ETF is attracting more investor money: UPGD or FEX?

Year-to-date, the UPGD ETF saw +$656K in flows, compared to -$3M for FEX.

Which ETF is more volatile: UPGD or FEX?

Over the past year, UPGD had a volatility of 14.07%, while FEX experienced 13.27%.

Which ETF is bigger: UPGD or FEX?

As of July 17, 2026, UPGD holds $118.87 M in assets under management (AUM), while FEX manages $1.57 B.

What sectors do the UPGD and FEX ETFs invest in?

UPGD leans toward sectors like Industrials, Technology and Consumer Non-Cyclicals. Meanwhile, FEX focuses on Finance, Technology and Industrials.

What are the top holdings of the UPGD ETF and FEX ETF?

UPGD top holdings include Intel Corp., NetApp, Inc. and Super Micro Computer, Inc.. FEX holds in its top three: Micron Technology, Inc., Dell Technologies, Inc. and Sandisk Corp..

Which ETF is more diversified: UPGD or FEX?

UPGD holds 50 securities with 37.52% of its assets in the top 15. FEX has 374 securities and a top 15 weight of 11.75%.

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