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ETFs

First Trust Dow Jones Select MicroCap Index Fund

FDM
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Today’s Change
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Snapshot
*

Inception Date
Sep 27 2005
Expense Ratio
0.60%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,034,990
AUM
$129,934,350
Associated Index
Dow Jones Select Micro Cap Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

STR
Sitio Royalties Corp - Ordinary Shares - Class A
2.87%
MOD
Modine Manufacturing Co.
2.12%
TA
TravelCenters of America Inc
1.97%
JBSS
Sanfilippo (John B.) & Son, Inc
1.58%
THR
Thermon Group Holdings Inc
1.49%
COLL
Collegium Pharmaceutical Inc
1.41%
SXC
SunCoke Energy Inc
1.29%
FBMS
First Bancshares Inc Miss
1.27%
CHS
Chico`s Fas, Inc.
1.25%
LPG
Dorian LPG Ltd
1.20%
Invest with FDM

What is FDM?

The First Trust Dow MicroCap 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 Dow Jones Select Microcap Index.

ETFs related toFDM

ETFs correlated to FDM include AVSC, EES, DFAS

FDM
First Trust Exchange-Traded Fund III - First Trust Dow Jones Select Microcap Index Fund
AVSC
American Century ETF Trust - Avantis U.S Small Cap Equity ETF
EES
WisdomTree Trust - WisdomTree U.S. SmallCap Fund
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
DFAT
Dimensional ETF Trust - Dimensional U.S. Targeted Value ETF
SVAL
iShares Trust - iShares US Small Cap Value Factor ETF
DFSV
Dimensional ETF Trust - Dimensional US Small Cap Value ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
SLYV
SPDR Series Trust - SPDR S&P 600 Small Cap Value ETF
SLY
SPDR Series Trust - SPDR S&P 600 Small Cap ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index 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 toFDM

#BORING

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Category

Community

Risk Rating

Aggressive

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SPY minimum drawdown

Category

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with FDM using Composer

FAQ

FDM is a US Equities ETF. The First Trust Dow MicroCap 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 Dow Jones Select Microcap Index.

FDM tracks the Dow Jones Select Micro Cap Index.

No, FDM 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, FDM 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 FDM is -0.1189%. This is the percent change in the value of FDM over the most recent 1-month period. The 3-month return on FDM is -0.0627%. This is the percent change in the value of FDM over the most recent 3-month period.

The standard deviation of FDM for the past year is 0.2331%. 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 FDM include IWM, MDY, and QQQ.

ETFs correlated to FDM include AVSC, EES, and DFAS.

ETFs that are inversely correlated to FDM include TZA, RWM, and TWM.

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.