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ETFs

First Trust Exchange-Traded Fund VI First Trust Nasdaq Oil & Gas ETF

FTXN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 20 2016
Expense Ratio
0.60%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$69,014,333
AUM
$1,050,672,050
Associated Index
Nasdaq US Smart Oil & Gas Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CVX
Chevron Corp.
8.05%
XOM
Exxon Mobil Corp.
7.88%
COP
Conoco Phillips
7.82%
OXY
Occidental Petroleum Corp.
7.46%
MPC
Marathon Petroleum Corp
7.42%
VLO
Valero Energy Corp.
4.15%
PXD
Pioneer Natural Resources Co.
3.95%
LNG
Cheniere Energy Inc.
3.90%
EOG
EOG Resources, Inc.
3.88%
PSX
Phillips 66
3.82%
Invest with FTXN

What is FTXN?

The First Trust Nasdaq Oil & Gas 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 Nasdaq US Smart Oil & Gas Index. The Nasdaq US Smart Sector Index Family tracks a number of United States (US) economic sectors and selects securities for each sector based upon liquidity and then ranks the securities based on a three factor methodology incorporating volatility, value and growth. The Nasdaq US Smart Sector Index Family is a modified factor weighted index. The value of the Index equals the aggregate value of the Index share weights, also known as the Index Shares, of each of the Index Securities multiplied by each such security s Last Sale Price, and divided by the divisor of the Index. The divisor serves the purpose of scaling such aggregate value to a lower order of magnitude which is more desirable for reporting purposes. The Indexes began on July 8, 2016 at a base value of 1000. Index eligibility is limited to specific security types only. The security types eligible for the Index include common stocks, ordinary shares, depositary receipts (both American and Global), depositary shares, shares of beneficial interest or limited partnership interests and tracking stocks.

ETFs related toFTXN

ETFs correlated to FTXN include IEO, PXE, RYE

FTXN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Oil & Gas ETF
IEO
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil & Gas Exploration & Production ETF
PXE
Invesco Capital Management LLC - Invesco Dynamic Energy Exploration & Production ETF
RYE
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF
OILU
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs
GUSH
Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares
XOP
SPDR Series Trust - SPDR Oil & Gas Exploration and Production ETF
IYE
BlackRock Institutional Trust Company N.A. - iShares U.S. Energy ETF
DIG
ProShares Trust - ProShares Ultra Energy

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 toFTXN

#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 FTXN using Composer

FAQ

FTXN is a US Equities ETF. The First Trust Nasdaq Oil & Gas 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 Nasdaq US Smart Oil & Gas Index. The Nasdaq US Smart Sector Index Family tracks a number of United States (US) economic sectors and selects securities for each sector based upon liquidity and then ranks the securities based on a three factor methodology incorporating volatility, value and growth. The Nasdaq US Smart Sector Index Family is a modified factor weighted index. The value of the Index equals the aggregate value of the Index share weights, also known as the Index Shares, of each of the Index Securities multiplied by each such security s Last Sale Price, and divided by the divisor of the Index. The divisor serves the purpose of scaling such aggregate value to a lower order of magnitude which is more desirable for reporting purposes. The Indexes began on July 8, 2016 at a base value of 1000. Index eligibility is limited to specific security types only. The security types eligible for the Index include common stocks, ordinary shares, depositary receipts (both American and Global), depositary shares, shares of beneficial interest or limited partnership interests and tracking stocks.

FTXN tracks the Nasdaq US Smart Oil & Gas Index.

No, FTXN 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, FTXN 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 FTXN is -0.0755%. This is the percent change in the value of FTXN over the most recent 1-month period. The 3-month return on FTXN is -0.0849%. This is the percent change in the value of FTXN over the most recent 3-month period.

The standard deviation of FTXN for the past year is 0.4064%. 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 FTXN include XLI, XLE, and XLP.

ETFs correlated to FTXN include IEO, PXE, and RYE.

ETFs that are inversely correlated to FTXN include OILD, DRIP, and DUG.

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.