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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)
$258,929
AUM
$23,037,065
Associated Index
NASDAQ AlphaDEX United Kingdom Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

III
3I GROUP PLC
2.54%
TW/
TAYLOR WIMPEY PLC
2.46%
IAG
International Consolidated Airlines Group S.A.
2.42%
KGF
KINGFISHER PLC
2.40%
CNA
CENTRICA PLC
2.33%
BP/
BP PLC
2.26%
NWG
NATWEST GROUP PLC
2.17%
PSN
PERSIMMON PLC
2.15%
BT/A
BT GROUP PLC
2.14%
UTG
UNITE GROUP PLC/THE
2.12%
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 CVLC, GFEB, FLGB

FKU
First Trust Exchange-Traded Fund III - First Trust United Kingdom AlphaDEX Fund
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February
FLGB
Franklin Templeton ETF Trust - Franklin FTSE United Kingdom ETF
EWU
BlackRock Institutional Trust Company N.A. - iShares MSCI United Kingdom ETF
JPIN
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return International Equity ETF
HAUZ
DBX ETF Trust - Xtrackers International Real Estate ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe 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 toFKU

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

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 -0.0648%. This is the percent change in the value of FKU over the most recent 1-month period. The 3-month return on FKU is 0.0144%. 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 0.372%. 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 EWW, EWC, and EWY.

ETFs correlated to FKU include CVLC, GFEB, and FLGB.

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

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.