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ETFs

First Trust Active Factor Mid Cap ETF

AFMC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 3, 2019
Expense Ratio
0.65%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$104,662
AUM
$7,110,047
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

RS
Reliance Steel & Aluminum Co.
1.86%
BLDR
Builders Firstsource Inc
1.77%
OC
Owens Corning
1.50%
ESNT
Essent Group Ltd
1.33%
SFM
Sprouts Farmers Market Inc
1.32%
MTG
MGIC Investment Corp
1.23%
JBL
Jabil Inc
1.22%
SMCI
Super Micro Computer Inc
1.15%
STLD
Steel Dynamics Inc.
1.11%
EXEL
Exelixis Inc
1.07%
Invest with AFMC

What is AFMC?

The First Trust Active Factor Mid Cap ETF seeks to provide capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The Fund is actively managed primarily relying on a multi-factor quantitative methodology with active risk management to construct a portfolio of securities exhibiting exposures to one or more investing factors. The multi-factor quantitative methodology currently used by the Fund may take into account the following factors: (i) value; (ii) momentum; (iii) quality; and (iv) low volatility.

ETFs related toAFMC

ETFs correlated to AFMC include IVOO, MIDU, MDY

AFMC
First Trust Exchange-Traded Fund VIII - First Trust Active Factor Mid Cap ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
MDY
State Street Global Advisors - S&P MidCap 400 ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
GRPM
Invesco Capital Management LLC - Invesco S&P MidCap 400 GARP ETF
EZM
WisdomTree Trust - WisdomTree U.S. MidCap Fund
XMHQ
Invesco Capital Management LLC - Invesco S&P MidCap Quality ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
IVOV
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAFMC

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with AFMC using Composer

FAQ

AFMC is a US Equities ETF. The First Trust Active Factor Mid Cap ETF seeks to provide capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The Fund is actively managed primarily relying on a multi-factor quantitative methodology with active risk management to construct a portfolio of securities exhibiting exposures to one or more investing factors. The multi-factor quantitative methodology currently used by the Fund may take into account the following factors: (i) value; (ii) momentum; (iii) quality; and (iv) low volatility.

Yes, AFMC is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AFMC is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AFMC is -0.0207%. This is the percent change in the value of AFMC over the most recent 1-month period. The 3-month return on AFMC is -0.0041%. This is the percent change in the value of AFMC over the most recent 3-month period.

The standard deviation of AFMC for the past year is 0.1905%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AFMC include SPHQ, DSI, and QUAL.

ETFs correlated to AFMC include IVOO, MIDU, and MDY.

ETFs that are inversely correlated to AFMC include RWM, TWM, and TZA.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.