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First Trust Brazil AlphaDEX Fund

FBZ
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 18 2011
Expense Ratio
0.80%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$16,628
AUM
$6,240,019
Associated Index
NASDAQ AlphaDEX Brazil Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
US Dollar
9.45%
PSSA3
PORTO SEGURO SA
3.46%
PETR4
Petroleo Brasileiro S.A. (Petrobras) (Preference Shares)
3.09%
ITSA4
Itausa SA (Preference Shares)
3.04%
GOAU4
METALURGICA GERDAU SA-PREF
2.91%
GGBR4
Gerdau S.A. (Preferred Shares)
2.89%
BRAP4
BRADESPAR SA -PREF
2.88%
ENBR3
EDP - ENERGIAS DO BRASIL SA
2.80%
JBSS3
JBS SA
2.76%
WEGE3
WEG SA
2.75%
Invest with FBZ

What is FBZ?

The First Trust Brazil AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Funds fees and expenses, of an equity index called the NASDAQ AlphaDEX Brazil Index. The NASDAQ AlphaDEX Brazil Index is an "enhanced" index created and administered by The NASDAQ OMX Group, Inc. ("NASDAQ") which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ Brazil Index that meet certain criteria. NASDAQ constructs the NASDAQ AlphaDEX Brazil Index by ranking the eligible stocks from the NASDAQ Brazil Index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style.

ETFs related toFBZ

ETFs correlated to FBZ include BRZU, EWZ, FLBR

FBZ
First Trust Exchange-Traded Fund III - First Trust Brazil AlphaDEX Fund
BRZU
Direxion Shares ETF Trust - Direxion Daily MSCI Brazil Bull 2X Shares
EWZ
BlackRock Institutional Trust Company N.A. - iShares MSCI Brazil ETF
FLBR
Franklin Templeton ETF Trust - Franklin FTSE Brazil ETF
ILF
BlackRock Institutional Trust Company N.A. - iShares Latin America 40 ETF
DVYE
BlackRock Institutional Trust Company N.A. - iShares Emerging Markets Dividend ETF
FTRI
First Trust Exchange-Traded Fund III - First Trust Indxx Global Natural Resources Income ETF
SLX
VanEck ETF Trust - VanEck Steel ETF
DEM
WisdomTree Trust - WisdomTree Emerging Markets High Dividend Fund
PXH
Invesco Capital Management LLC - Invesco FTSE RAFI Emerging Markets ETF
FEM
First Trust Exchange-Traded Fund III - First Trust Emerging Markets 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.

Automated Strategies
Related toFBZ

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with FBZ using Composer

FAQ

FBZ is a Global Ex. US Equities ETF. The First Trust Brazil AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Funds fees and expenses, of an equity index called the NASDAQ AlphaDEX Brazil Index. The NASDAQ AlphaDEX Brazil Index is an "enhanced" index created and administered by The NASDAQ OMX Group, Inc. ("NASDAQ") which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ Brazil Index that meet certain criteria. NASDAQ constructs the NASDAQ AlphaDEX Brazil Index by ranking the eligible stocks from the NASDAQ Brazil Index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style.

FBZ tracks the NASDAQ AlphaDEX Brazil Index.

No, FBZ 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, FBZ 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 FBZ is -0.0954%. This is the percent change in the value of FBZ over the most recent 1-month period. The 3-month return on FBZ is -0.0779%. This is the percent change in the value of FBZ over the most recent 3-month period.

The standard deviation of FBZ for the past year is 0.3581%. 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 FBZ include EWW, EWC, and EWY.

ETFs correlated to FBZ include BRZU, EWZ, and FLBR.

ETFs that are inversely correlated to FBZ include EDZ, EUM, and EFZ.

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.