First Trust Exchange-Traded Fund VI First Trust Nasdaq Bank ETF
Snapshot*
Top 10 Holdings
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.
FTXOPerformance Measures**
for the time period Oct 7, 2016 to Jul 16, 2026
1M Trailing Return: 5.8%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 12.3%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -55.3%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 29.9%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.49
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.19
The annualized return divided by the max drawdown for the selected time period.
ETFs related toFTXO
ETFs correlated to FTXO include KBWB, IAT, KBE
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.
FAQ
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.