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First Trust Exchange-Traded Fund II First Trust S-Network Future Vehicles & Technology ETF

CARZ
$
Today’s Change
()

Snapshot
*

Inception Date
May 9, 2011
Expense Ratio
0.7%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$506,866
AUM
$41,120,102
Associated Index
S-Network Electric & Future Vehicle Ecosystem Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

GOOGL
Alphabet Inc - Ordinary Shares - Class A
5.29%
MSFT
Microsoft Corporation
4.68%
AAPL
Apple Inc
4.64%
005930
Samsung Electronics
4.61%
NVDA
NVIDIA Corp
4.58%
TSLA
Tesla Inc
4.46%
AMD
Advanced Micro Devices Inc.
4.2%
TSM
Taiwan Semiconductor Manufacturing - ADR
4.1%
7203
Toyota Motor Corporation
3.43%
TXN
Texas Instruments Inc.
2.87%

What is CARZ?

The First Trust S-Network Future Vehicles & Technology ETF, formerly First Trust NASDAQ Global Auto Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the S-Network Electric & Future Vehicle Ecosystem Index. The Fund will normally invest at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks and depository receipts that comprise the Index.

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ETFs related toCARZ

ETFs correlated to CARZ include DRIV, QTUM, WTAI

CARZ
First Trust Exchange-Traded Fund II - First Trust S-Network Future Vehicles & Technology ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
ROBO
Exchange Traded Concepts Trust - ROBO Global Robotics and Automation Index ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund

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.

FAQ

CARZ is a Global Equities ETF. The First Trust S-Network Future Vehicles & Technology ETF, formerly First Trust NASDAQ Global Auto Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the S-Network Electric & Future Vehicle Ecosystem Index. The Fund will normally invest at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks and depository receipts that comprise the Index.

CARZ tracks the S-Network Electric & Future Vehicle Ecosystem Index.

No, CARZ is not actively managed. It is passively 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.

Yes, CARZ is passively 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 CARZ is -0.0159%. This is the percent change in the value of CARZ over the most recent 1-month period. The 3-month return on CARZ is -0.0368%. This is the percent change in the value of CARZ over the most recent 3-month period.

The standard deviation of CARZ for the past year is 0.2751%. 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 CARZ include PBW, IGF, and ARKK.

ETFs correlated to CARZ include DRIV, QTUM, and WTAI.

ETFs that are inversely correlated to CARZ include HIBS, SOXS, and BERZ.

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.

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