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ETFs

First Trust S&P 500 Diversified Free Cash Flow ETF

FCFY
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Aug 23 2023
Expense Ratio
0.60%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$176,592
AUM
$981,539
Associated Index
S&P 500 Sector-Neutral FCF Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NTAP
Netapp Inc
2.60%
CTSH
Cognizant Technology Solutions Corp. - Ordinary Shares - Class A
2.47%
CSCO
Cisco Systems, Inc.
2.45%
LYV
Live Nation Entertainment Inc
2.44%
QRVO
Qorvo Inc
2.42%
DXC
DXC Technology Co
2.41%
AKAM
Akamai Technologies Inc
2.16%
FOXA
Fox Corporation - Ordinary Shares - Class A
2.15%
AVGO
Broadcom Inc
2.11%
EXPE
Expedia Group Inc
2.09%
Invest with FCFY

What is FCFY?

The VictoryShares Free Cash Flow ETF seeks to offer exposure to high-quality, large-cap U.S. stocks that trade at a discount and have favorable growth prospects. VFLO seeks to provide investment results that track the performance of the Victory U.S. Large Cap Free Cash Flow Index (the Index) before fees and expenses. The Index screens an initial universe of companies for historical and projected free cash flows. It then goes a step further by eliminating companies with the worst growth characteristics to seek better outcomes in a variety of market environments.

ETFs related toFCFY

ETFs correlated to FCFY include JVAL, DIVB, ONEY

FCFY
First Trust Exchange-Traded Fund - First Trust S&P 500 Diversified Free Cash Flow ETF
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor ETF
DIVB
BlackRock Institutional Trust Company N.A. - iShares Core Dividend ETF
ONEY
SPDR Series Trust - SPDR Russell 1000 Yield Focus ETF
VLUE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Value Factor ETF
FXZ
First Trust Exchange-Traded Fund III - First Trust Materials AlphaDEX Fund
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
AVLV
American Century ETF Trust - Avantis U.S. Large Cap Value ETF
DTD
WisdomTree Trust - WisdomTree U.S. Total Dividend Fund
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
FDVV
Fidelity Covington Trust - Fidelity High Dividend 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 toFCFY

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with FCFY using Composer

FAQ

FCFY is a US Equities ETF. The VictoryShares Free Cash Flow ETF seeks to offer exposure to high-quality, large-cap U.S. stocks that trade at a discount and have favorable growth prospects. VFLO seeks to provide investment results that track the performance of the Victory U.S. Large Cap Free Cash Flow Index (the Index) before fees and expenses. The Index screens an initial universe of companies for historical and projected free cash flows. It then goes a step further by eliminating companies with the worst growth characteristics to seek better outcomes in a variety of market environments.

FCFY tracks the S&P 500 Sector-Neutral FCF Index.

No, FCFY 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, FCFY 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 FCFY is -0.0132%. This is the percent change in the value of FCFY over the most recent 1-month period. The 3-month return on FCFY is %. This is the percent change in the value of FCFY over the most recent 3-month period.

ETFs similar to FCFY include VIG, VYM, and DFAS.

ETFs correlated to FCFY include JVAL, DIVB, and ONEY.

ETFs that are inversely correlated to FCFY include HIBS, HDGE, and SRTY.

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.