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ETFs

First Trust United Kingdom AlphaDex Fund

FKU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 14, 2012
Expense Ratio
0.80%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$84,220
AUM
$21,632,066
Associated Index
NASDAQ AlphaDEX United Kingdom Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

RR.
Rolls-Royce Holdings Plc
3.13%
CNA
Centrica plc
2.90%
MKS
Marks & Spencer Group
2.63%
TW.
Taylor Wimpey
2.52%
BP.
BP plc
2.46%
MNDI
Mondi
2.44%
SHEL
Shell Plc
2.38%
VOD
Vodafone Group plc
2.35%
PSN
Persimmon plc
2.30%
WTB
Whitbread plc
2.27%
Invest with FKU

What is FKU?

The First Trust United Kingdom AlphaDEX Fund 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 equity index called the NASDAQ AlphaDEX United Kingdom Index. The NASDAQ AlphaDEX United Kingdom 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 United Kingdom Index that meet certain criteria. NASDAQ constructs the NASDAQ AlphaDEX United Kingdom Index by ranking the eligible stocks from the NASDAQ United Kingdom Index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style.

ETFs related toFKU

ETFs correlated to FKU include XAUG, CVRD, TJUL

FKU
First Trust Exchange-Traded Fund III - First Trust United Kingdom AlphaDEX Fund
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
CVRD
Madison ETFs Trust - Madison Covered Call ETF
TJUL
Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2025
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
EMC
Global X Funds - Global X Emerging Markets Great Consumer ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July

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 toFKU

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FKU using Composer

FAQ

FKU is a Global Ex. US Equities ETF. The First Trust United Kingdom AlphaDEX Fund 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 equity index called the NASDAQ AlphaDEX United Kingdom Index. The NASDAQ AlphaDEX United Kingdom 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 United Kingdom Index that meet certain criteria. NASDAQ constructs the NASDAQ AlphaDEX United Kingdom Index by ranking the eligible stocks from the NASDAQ United Kingdom Index on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style.

FKU tracks the NASDAQ AlphaDEX United Kingdom Index.

No, FKU 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, FKU 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 FKU is 0.0086%. This is the percent change in the value of FKU over the most recent 1-month period. The 3-month return on FKU is 0.0116%. This is the percent change in the value of FKU over the most recent 3-month period.

The standard deviation of FKU for the past year is 0.3002%. 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 FKU include EWZ, EWW, and EWT.

ETFs correlated to FKU include XAUG, CVRD, and TJUL.

ETFs that are inversely correlated to FKU include EPV, EFZ, and FAZ.

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.