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ETFs

First Trust Dow Jones Select MicroCap Index Fund

FDM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 27, 2005
Expense Ratio
0.60%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$347,191
AUM
$148,880,200
Associated Index
Dow Jones Select Micro Cap Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CRGY
Crescent Energy Co. - Ordinary Shares - Class A
1.48%
SXC
SunCoke Energy Inc
1.47%
VSEC
VSE Corp.
1.34%
SCSC
Scansource, Inc.
1.34%
ACMR
ACM Research Inc - Ordinary Shares - Class A
1.30%
CRAI
CRA International Inc.
1.30%
TTI
Tetra Technologies, Inc.
1.29%
LEU
Centrus Energy Corp - Ordinary Shares - Class A
1.26%
POWL
Powell Industries, Inc.
1.26%
PLOW
Douglas Dynamics Inc
1.24%
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, BSVO, EES

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
BSVO
EA Series Trust - EA Bridgeway Omni Small-Cap Value ETF
EES
WisdomTree Trust - WisdomTree U.S. SmallCap Fund
AVUV
American Century ETF Trust - Avantis U.S. Small Cap Value ETF
DFAT
Dimensional ETF Trust - Dimensional U.S. Targeted Value ETF
DFSV
Dimensional ETF Trust - Dimensional US Small Cap Value ETF
IWN
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Value ETF
DES
WisdomTree Trust - WisdomTree U.S. SmallCap Dividend Fund
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity 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
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Create your own algorithmic trading strategy with FDM using Composer

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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 -0.0197%. This is the percent change in the value of FDM over the most recent 1-month period. The 3-month return on FDM is 0.0037%. 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 0.217%. 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 IVV, MDY, and IJR.

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

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.