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ETFs

First Trust Switzerland AlphaDex Fund

FSZ
$--
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)
$293,410
AUM
$93,872,117
Associated Index
NASDAQ AlphaDEX Switzerland Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ADEN
Adecco Group AG
5.35%
BKW
BKW AG - Registered Shares
4.36%
UBSG
UBS Group AG - Registered Shares
4.28%
SCMN
Swisscom AG
4.15%
HOLN
Holcim Ltd
4.04%
UHR
Swatch Group AG - Bearer Shares
3.90%
FHZN
Flughafen Zurich AG.
3.88%
BUCN
Bucher Industries AG - Bearer Shares
3.75%
VACN
VAT Group AG
3.66%
SPSN
Swiss Prime Site AG
3.65%
Invest with FSZ

What is FSZ?

The First Trust Switzerland 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 Switzerland Index. The NASDAQ AlphaDEX Switzerland 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 Switzerland Index that meet certain criteria. NASDAQ constructs the NASDAQ AlphaDEX Switzerland Index by ranking the eligible stocks from the NASDAQ Switzerland 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 toFSZ

ETFs correlated to FSZ include CVRD, DFSI, SPEU

FSZ
First Trust Exchange-Traded Fund III - First Trust Switzerland AlphaDEX Fund
CVRD
Madison ETFs Trust - Madison Covered Call ETF
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
QEFA
SSgA Active Trust - SPDR MSCI EAFE StrategicFactors SM ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
DMXF
iShares Trust - iShares ESG Advanced MSCI EAFE ETF
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
EWG
BlackRock Institutional Trust Company N.A. - iShares MSCI Germany ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI 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 toFSZ

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FSZ using Composer

FAQ

FSZ is a Global Ex. US Equities ETF. The First Trust Switzerland 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 Switzerland Index. The NASDAQ AlphaDEX Switzerland 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 Switzerland Index that meet certain criteria. NASDAQ constructs the NASDAQ AlphaDEX Switzerland Index by ranking the eligible stocks from the NASDAQ Switzerland 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.

FSZ tracks the NASDAQ AlphaDEX Switzerland Index.

No, FSZ 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, FSZ 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 FSZ is -0.0299%. This is the percent change in the value of FSZ over the most recent 1-month period. The 3-month return on FSZ is -0.009%. This is the percent change in the value of FSZ over the most recent 3-month period.

The standard deviation of FSZ for the past year is 0.2155%. 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 FSZ include EWZ, EWW, and EWT.

ETFs correlated to FSZ include CVRD, DFSI, and SPEU.

ETFs that are inversely correlated to FSZ include EPV, EFZ, 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.