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ETFs

First Trust Exchange-Traded Fund VI First Trust International Developed Capital Strength ETF

FICS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 15 2020
Expense Ratio
0.70%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$373,474
AUM
$70,058,060
Associated Index
The International Developed Capital Strength Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with FICS

What is FICS?

The First Trust International Developed Capital Strength ETF seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called The International Developed Capital Strength Index. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 90% of its net assets (including investment borrowings) in the common stocks and real estate investment trusts ("REITs") that comprise The International Developed Capital Strength Index. The Index seeks to provide exposure to well-capitalized companies in the developed markets outside of the U.S. with strong market positions that have the potential to provide their stockholders with a greater degree of stability and performance over time.The Index Provider classifies a country as developed based on quantitative criteria including: (1) having at least $20 thousand gross national income per capita for three consecutive years; (2) having at least a $30 billion market capitalization; (3)having at least a $10 billion annual turnover; (4) having at least a 45% float ratio; and (5) having at least ten securities that meet allthe eligibility requirements for the NASDAQ Global Index.

ETFs related toFICS

ETFs correlated to FICS include EFG, VIGI, IQDG

FICS
First Trust Exchange-Traded Fund VI - First Trust International Developed Capital Strength ETF
EFG
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Growth ETF
VIGI
Vanguard Group, Inc. - Vanguard International Dividend Appreciation ETF
IQDG
WisdomTree Trust - WisdomTree International Quality Dividend Growth Fund
IQLT
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Quality Factor ETF
QEFA
SSgA Active Trust - SPDR MSCI EAFE StrategicFactors SM ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE 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 toFICS

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FICS using Composer

FAQ

FICS is a Global Ex. US Equities ETF. The First Trust International Developed Capital Strength ETF seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called The International Developed Capital Strength Index. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 90% of its net assets (including investment borrowings) in the common stocks and real estate investment trusts ("REITs") that comprise The International Developed Capital Strength Index. The Index seeks to provide exposure to well-capitalized companies in the developed markets outside of the U.S. with strong market positions that have the potential to provide their stockholders with a greater degree of stability and performance over time.The Index Provider classifies a country as developed based on quantitative criteria including: (1) having at least $20 thousand gross national income per capita for three consecutive years; (2) having at least a $30 billion market capitalization; (3)having at least a $10 billion annual turnover; (4) having at least a 45% float ratio; and (5) having at least ten securities that meet allthe eligibility requirements for the NASDAQ Global Index.

FICS tracks the The International Developed Capital Strength Index.

No, FICS 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, FICS 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 FICS is -0.0203%. This is the percent change in the value of FICS over the most recent 1-month period. The 3-month return on FICS is -0.0443%. This is the percent change in the value of FICS over the most recent 3-month period.

The standard deviation of FICS for the past year is 0.1626%. 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 FICS include DGS, DFIV, and DXJ.

ETFs correlated to FICS include EFG, VIGI, and IQDG.

ETFs that are inversely correlated to FICS include EFZ, EPV, and SH.

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.