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ETFs

First Trust Exchange-Traded AlphDEX Fund II First Trust Eurozone AlphaDEX ETF

FEUZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 21 2014
Expense Ratio
0.80%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$77,749
AUM
$17,167,576
Associated Index
NASDAQ AlphaDEX Eurozone Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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PAH3
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1.16%
Invest with FEUZ

What is FEUZ?

The First Trust Eurozone AlphaDEX ETF 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 index called the NASDAQ AlphaDEX Eurozone Index. The NASDAQ AlphaDEX Eurozone 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 Eurozone Index that meet certain criteria.

ETFs related toFEUZ

ETFs correlated to FEUZ include FEP, EZU, EWG

FEUZ
First Trust Exchange-Traded Fund III - First Trust Eurozone AlphaDEX ETF
FEP
First Trust Exchange-Traded Fund III - First Trust Europe AlphaDEX Fund
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
EWG
BlackRock Institutional Trust Company N.A. - iShares MSCI Germany ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
FEZ
SSgA Active Trust - SPDR EURO Stoxx 50 ETF
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe 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 toFEUZ

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FEUZ using Composer

FAQ

FEUZ is a Global Ex. US Equities ETF. The First Trust Eurozone AlphaDEX ETF 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 index called the NASDAQ AlphaDEX Eurozone Index. The NASDAQ AlphaDEX Eurozone 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 Eurozone Index that meet certain criteria.

FEUZ tracks the NASDAQ AlphaDEX Eurozone Index.

No, FEUZ 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, FEUZ 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 FEUZ is -0.0548%. This is the percent change in the value of FEUZ over the most recent 1-month period. The 3-month return on FEUZ is -0.0486%. This is the percent change in the value of FEUZ over the most recent 3-month period.

The standard deviation of FEUZ for the past year is 0.2712%. 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 FEUZ include VEA, VEU, and VPL.

ETFs correlated to FEUZ include FEP, EZU, and EWG.

ETFs that are inversely correlated to FEUZ include EPV, SKF, and SEF.

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.