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ETFs

First Trust NYSE Arca Biotechnology Index Fund

FBT
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Today’s Change
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Snapshot
*

Inception Date
Jun 19 2006
Expense Ratio
0.56%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$4,021,953
AUM
$1,265,322,292
Associated Index
NYSE Arca Biotechnology Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

NBIX
Neurocrine Biosciences, Inc.
4.14%
AMGN
AMGEN Inc.
4.10%
SRPT
Sarepta Therapeutics Inc
4.07%
REGN
Regeneron Pharmaceuticals, Inc.
4.04%
SGEN
Seagen Inc
3.95%
EXEL
Exelixis Inc
3.92%
IONS
Ionis Pharmaceuticals Inc
3.78%
BMRN
Biomarin Pharmaceutical Inc. - Registered Shares
3.55%
CRL
Charles River Laboratories International Inc.
3.48%
BNTX
BioNTech SE - ADR
3.47%
Invest with FBT

What is FBT?

The First Trust NYSE Arca Biotechnology Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the NYSE Arca Biotechnology Index.

ETFs related toFBT

ETFs correlated to FBT include IBB, GNOM, XBI

FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
GNOM
Global X Funds - Global X Genomics & Biotechnology ETF
XBI
SPDR Series Trust - SPDR Biotech ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
LABU
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
RSPH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
XPH
SPDR Series Trust - SPDR Pharmaceuticals ETF
PINK
Simplify Exchange Traded Funds - Simplify Health Care 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 toFBT

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with FBT using Composer

FAQ

FBT is a US Equities ETF. The First Trust NYSE Arca Biotechnology Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the NYSE Arca Biotechnology Index.

FBT tracks the NYSE Arca Biotechnology Index.

No, FBT 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, FBT 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 FBT is -0.0432%. This is the percent change in the value of FBT over the most recent 1-month period. The 3-month return on FBT is -0.0438%. This is the percent change in the value of FBT over the most recent 3-month period.

The standard deviation of FBT for the past year is 0.1877%. 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 FBT include XLI, XLY, and XLV.

ETFs correlated to FBT include IBB, GNOM, and XBI.

ETFs that are inversely correlated to FBT include LABD, SRTY, and TZA.

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.