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ETFs

Donoghue Forlines Risk Managed Innovation ETF

DFNV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 08 2020
Expense Ratio
0.69%
Type
US Equities
Fund Owner
FCF Advisors
Volume (1m avg. daily)
$79,036
AUM
$45,934,000
Associated Index
FCF Risk Managed Quality Innovation Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Vanguard Group, Inc. - Vanguard Short-Term Treasury ETF
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BlackRock Institutional Trust Company N.A. - iShares 1-3 Year Treasury Bond ETF
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SCHO
Schwab Strategic Trust - Schwab Short-Term U.S. Treasury ETF
11.34%
SPTS
SSgA Active Trust - SPDR Portfolio Short Term Treasury ETF
7.54%
AAPL
Apple Inc
2.28%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
1.88%
JNJ
Johnson & Johnson
1.22%
AVGO
Broadcom Inc
1.21%
ABBV
Abbvie Inc
1.17%
MRK
Merck & Co Inc
1.11%
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.

ETFs related toDFNV

ETFs correlated to DFNV include IWP, QGRO, QQEW

DFNV
TrimTabs ETF Trust - Donoghue Forlines Risk Managed Innovation ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
QGRO
American Century ETF Trust - American Century STOXX U.S.Quality Growth ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
TCHP
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Blue Chip Growth ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
FPX
First Trust Exchange-Traded Fund III - First Trust US Equity Opportunities 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.

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 0.0016%. This is the percent change in the value of DFNV over the most recent 1-month period. The 3-month return on DFNV is 0.0371%. 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 0.2263%. 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 XYLD, PKW, and HDGE.

ETFs correlated to DFNV include IWP, QGRO, and QQEW.

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

Disclaimers

*

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.