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ETFs

First Trust Large Cap Growth AlphaDEX Fund

FTC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 08 2007
Expense Ratio
0.59%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$2,214,889
AUM
$866,872,677
Associated Index
NASDAQ AlphaDEX Large Cap Growth Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

BKNG
Booking Holdings Inc
1.16%
GWW
W.W. Grainger Inc.
1.10%
NUE
Nucor Corp.
1.04%
ULTA
Ulta Beauty Inc
1.02%
DRI
Darden Restaurants, Inc.
1.01%
ON
ON Semiconductor Corp.
0.96%
VLO
Valero Energy Corp.
0.95%
UBER
Uber Technologies Inc
0.93%
TSCO
Tractor Supply Co.
0.93%
FCX
Freeport-McMoRan Inc
0.92%
Invest with FTC

What is FTC?

The Fund will seek investment results that correspond generally to the price and yield (before the Fund s fees and expenses) of an equity index called the NASDAQ AlphaDEX Large Cap Growth Index (the Index ). The Index is a modified equal dollar-weighted index developed and maintained by The NASDAQ OMX Group, Inc. that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. The NASDAQ AlphaDEX Large Cap Growth Index is an enhanced index created and administered by Nasdaq, Inc. ( Nasdaq ) which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 500 Large Cap Growth Index that meet certain criteria. Nasdaq constructs the NASDAQ AlphaDEX Large Cap Growth Index by ranking the eligible stocks from the NASDAQ US 500 Large Cap 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. Each stock receives either its growth or value score as it s selection score based on it s style designation as determined by Nasdaq. The top 187 stocks based on the selection score determined in the previous step comprise the selected stocks . The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile. The index is reconstituted and rebalanced quarterly.

ETFs related toFTC

ETFs correlated to FTC include AVUS, GSEW, DFAC

FTC
First Trust Exchange-Traded Fund III - First Trust Large Capital Growth AlphaDEX Fund
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
GSEW
Goldman Sachs ETF Trust - Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
FCPI
Fidelity Covington Trust - Fidelity Stocks for Inflation ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
PDP
Invesco Capital Management LLC - Invesco DWA Momentum 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 toFTC

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with FTC using Composer

FAQ

FTC is a US Equities ETF. The Fund will seek investment results that correspond generally to the price and yield (before the Fund s fees and expenses) of an equity index called the NASDAQ AlphaDEX Large Cap Growth Index (the Index ). The Index is a modified equal dollar-weighted index developed and maintained by The NASDAQ OMX Group, Inc. that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. The NASDAQ AlphaDEX Large Cap Growth Index is an enhanced index created and administered by Nasdaq, Inc. ( Nasdaq ) which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 500 Large Cap Growth Index that meet certain criteria. Nasdaq constructs the NASDAQ AlphaDEX Large Cap Growth Index by ranking the eligible stocks from the NASDAQ US 500 Large Cap 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. Each stock receives either its growth or value score as it s selection score based on it s style designation as determined by Nasdaq. The top 187 stocks based on the selection score determined in the previous step comprise the selected stocks . The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile. The index is reconstituted and rebalanced quarterly.

FTC tracks the NASDAQ AlphaDEX Large Cap Growth Index.

No, FTC 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, FTC 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 FTC is -0.0458%. This is the percent change in the value of FTC over the most recent 1-month period. The 3-month return on FTC is -0.037%. This is the percent change in the value of FTC over the most recent 3-month period.

The standard deviation of FTC for the past year is 0.2332%. 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 FTC include IWN, VUG, and SPYV.

ETFs correlated to FTC include AVUS, GSEW, and DFAC.

ETFs that are inversely correlated to FTC include SPDN, SDS, and SPXU.

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.