First Trust Water ETF

FIW is a Global Equities ETF. The First Trust Water 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 fees and expenses, of an equity index called the ISE Clean Edge Water Index. The ISE Clean Edge Water Index is a modified market capitalization-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the potable and wastewater industry. The Index begins by establishing the total population of stocks in the potable and wastewater industry and eliminates stocks which do not meet the Indexs baseline eligibility requirements. To meet Index eligibility, a stock must satisfy market capitalization, liquidity and weighting concentration requirements. The Index selects the top 36 stocks in the industry by market capitalization.

FIW tracks the ISE Clean Edge Water Index.

No, FIW 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, FIW 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 FIW is -0.0424%. This is the percent change in the value of FIW over the most recent 1-month period. The 3-month return on FIW is -0.0321%. This is the percent change in the value of FIW over the most recent 3-month period.

The standard deviation of FIW for the past year is 0.1983%. 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 FIW include PBW, IGF, and ARKK.

ETFs correlated to FIW include PHO, TPLC, and CGW.

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