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ETFs

Donoghue Forlines Risk Managed Innovation ETF

DFNV
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Dec 8, 2020
Expense Ratio
0.69%
Type
US Equities
Fund Owner
FCF Advisors
Volume (1m avg. daily)
$67,449
AUM
$34,741,560
Associated Index
FCF Risk Managed Quality Innovation Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
7.81%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
5.88%
NVDA
NVIDIA Corp
4.24%
META
Meta Platforms Inc - Ordinary Shares - Class A
3.69%
AVGO
Broadcom Inc
2.84%
ABBV
Abbvie Inc
2.78%
MRK
Merck & Co Inc
2.69%
JNJ
Johnson & Johnson
2.67%
ADBE
Adobe Inc
2.49%
CSCO
Cisco Systems, Inc.
2.33%
Invest with DFNV

What is DFNV?

Donoghue Forlines Risk Managed Innovation ETF seeks to track investment results of FCF Risk Managed Quality Innovation Index that provides risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development ( R&D ) investment.

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ETFs related toDFNV

ETFs correlated to DFNV include LGRO, GAUG, XAUG

DFNV
TrimTabs ETF Trust - Donoghue Forlines Risk Managed Innovation ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
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

DFNV is a US Equities ETF. Donoghue Forlines Risk Managed Innovation ETF seeks to track investment results of FCF Risk Managed Quality Innovation Index that provides risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development ( R&D ) investment.

DFNV tracks the FCF Risk Managed Quality Innovation Index.

No, DFNV 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, DFNV 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 DFNV is 0.0042%. This is the percent change in the value of DFNV over the most recent 1-month period. The 3-month return on DFNV is 0.0144%. This is the percent change in the value of DFNV over the most recent 3-month period.

The standard deviation of DFNV for the past year is 0.1382%. 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 DFNV include PKW, VIXY, and XYLD.

ETFs correlated to DFNV include LGRO, GAUG, and XAUG.

ETFs that are inversely correlated to DFNV include PSQ, SQQQ, and QID.

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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