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ETFs

First Trust Exchange-Traded Fund VI First Trust S&P International Dividend Aristocrats ETF

FID
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 23 2013
Expense Ratio
0.60%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$723,589
AUM
$86,240,031
Associated Index
S&P International Dividend Aristocrats Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with FID

What is FID?

The First Trust S&P International Dividend Aristocrats ETF (the "Fund"), formerly the International Multi-Asset Diversified Income Index Fund, seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the S&P International Dividend Aristocrats Index (the "Index"). Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation.

ETFs related toFID

ETFs correlated to FID include DTH, RODM, VYMI

FID
First Trust Exchange-Traded Fund VI - First Trust S&P International Dividend Aristocrats ETF
DTH
WisdomTree Trust - WisdomTree International High Dividend Fund
RODM
Lattice Strategies Trust - Hartford Multifactor Developed Markets (ex-US) ETF
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield ETF
DWM
WisdomTree Trust - WisdomTree International Equity Fund
FGD
First Trust Exchange-Traded Fund III - First Trust Dow Jones Global Select Dividend Index Fund
DOL
WisdomTree Trust - WisdomTree International LargeCap Dividend Index
FNDF
Schwab Strategic Trust - Schwab Fundamental International Large Company Index ETF
JPIN
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return International Equity ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
IQDF
FlexShares Trust - FlexShares International Quality Dividend Index Fund

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.

FAQ

FID is a Global Ex. US Equities ETF. The First Trust S&P International Dividend Aristocrats ETF (the "Fund"), formerly the International Multi-Asset Diversified Income Index Fund, seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the S&P International Dividend Aristocrats Index (the "Index"). Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation.

FID tracks the S&P International Dividend Aristocrats Index.

FID dividend information: Dividend - Regular Payors. Dividend payouts may vary in terms of frequency of payouts.

No, FID 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, FID 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 FID is -0.0253%. This is the percent change in the value of FID over the most recent 1-month period. The 3-month return on FID is 0.014%. This is the percent change in the value of FID over the most recent 3-month period.

The standard deviation of FID for the past year is 0.1594%. 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 FID include DXJ, PID, and DLS.

ETFs correlated to FID include DTH, RODM, and VYMI.

ETFs that are inversely correlated to FID include EFZ, EPV, and EDZ.

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.