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ETFs

First Trust Exchange-Traded Fund VI First Trust Nasdaq Bank ETF

FTXO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 20 2016
Expense Ratio
0.60%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$548,747
AUM
$125,538,041
Associated Index
Nasdaq US Smart Banks Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

WFC
Wells Fargo & Co.
8.31%
JPM
JPMorgan Chase & Co.
8.29%
C
Citigroup Inc
8.25%
BAC
Bank Of America Corp.
8.02%
USB
U.S. Bancorp.
7.60%
PNC
PNC Financial Services Group Inc
4.17%
MTB
M & T Bank Corp
4.14%
FITB
Fifth Third Bancorp
4.03%
DFS
Discover Financial Services
4.03%
HBAN
Huntington Bancshares, Inc.
3.87%
Invest with FTXO

What is FTXO?

The First Trust Nasdaq Bank 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 Banks Index. The Nasdaq US Smart Sector Index Family tracks a number of United States (US) economicsectors 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 whichis 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 toFTXO

ETFs correlated to FTXO include KBWB, IAT, KBE

FTXO
First Trust Exchange-Traded Fund III - First Trust Nasdaq Bank ETF
KBWB
Invesco Capital Management LLC - Invesco KBW Bank ETF
IAT
BlackRock Institutional Trust Company N.A. - iShares U.S. Regional Banks ETF
KBE
SPDR Series Trust - SPDR S&P Bank ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
KRE
SPDR Series Trust - SPDR S&P Regional Banking ETF
DPST
Direxion Shares ETF Trust - Direxion Daily Regional Banks Bull 3X Shares
BNKU
Bank of Montreal - MicroSectorsTM U.S. Big Banks Index 3X Leveraged ETNs
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials 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 toFTXO

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with FTXO using Composer

FAQ

FTXO is a US Equities ETF. The First Trust Nasdaq Bank 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 Banks Index. The Nasdaq US Smart Sector Index Family tracks a number of United States (US) economicsectors 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 whichis 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.

FTXO tracks the Nasdaq US Smart Banks Index.

No, FTXO 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, FTXO 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 FTXO is -0.0196%. This is the percent change in the value of FTXO over the most recent 1-month period. The 3-month return on FTXO is 0.0137%. This is the percent change in the value of FTXO over the most recent 3-month period.

The standard deviation of FTXO for the past year is 0.3022%. 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 FTXO include XLI, XLY, and XLV.

ETFs correlated to FTXO include KBWB, IAT, and KBE.

ETFs that are inversely correlated to FTXO include BNKD, FAZ, and RWM.

Disclaimers

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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.