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ETFs

First Trust Exchange-Traded Fund VI First Trust Dorsey Wright Focus 5 ETF

FV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 06 2014
Expense Ratio
0.89%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$10,539,430
AUM
$3,074,795,086
Associated Index
Dorsey Wright Focus 5 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

FTXG
First Trust Exchange-Traded Fund III - First Trust Nasdaq Food & Beverage ETF
22.14%
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
20.47%
FTXN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Oil & Gas ETF
20.20%
FXZ
First Trust Exchange-Traded Fund III - First Trust Materials AlphaDEX Fund
19.91%
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
17.28%
n/a
US Dollar
0.01%
Invest with FV

What is FV?

This exchange-traded fund (ETF) seeks investment results that correspond generally to the price and yield (before the fund s fees and expenses) of an equity index called the Dorsey Wright Focus Five Index. The Dorsey Wright Focus Five Index is designed to provide targeted exposure to the five First Trust sector and industry based ETFs that DWA believes offer the greatest potential to outperform the other ETFs in the selection universe.

ETFs related toFV

ETFs correlated to FV include IGE, VFMO, INFL

FV
First Trust Exchange-Traded Fund III - First Trust Dorsey Wright Focus 5 ETF
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF
VFMO
Vanguard Group, Inc. - Vanguard U.S. Momentum Factor ETF
INFL
Listed Funds Trust - Horizon Kinetics Inflation Beneficiaries ETF
COWZ
Pacer Funds Trust - Pacer US Cash Cows 100 ETF
FXN
First Trust Exchange-Traded Fund III - First Trust Energy AlphaDEX Fund
AVLV
American Century ETF Trust - Avantis U.S. Large Cap Value ETF
DWAS
Invesco Capital Management LLC - Invesco DWA SmallCap Momentum ETF
RLY
SSgA Active Trust - SPDR SSgA Multi-Asset Real Return ETF
AVUV
American Century ETF Trust - Avantis U.S. Small Cap Value ETF
QVAL
EA Series Trust - Alpha Architect U.S. Quantitative Value 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.

FAQ

FV is a US Equities ETF. This exchange-traded fund (ETF) seeks investment results that correspond generally to the price and yield (before the fund s fees and expenses) of an equity index called the Dorsey Wright Focus Five Index. The Dorsey Wright Focus Five Index is designed to provide targeted exposure to the five First Trust sector and industry based ETFs that DWA believes offer the greatest potential to outperform the other ETFs in the selection universe.

FV tracks the Dorsey Wright Focus 5 Index.

No, FV 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, FV 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 FV is -0.0687%. This is the percent change in the value of FV over the most recent 1-month period. The 3-month return on FV is -0.0245%. This is the percent change in the value of FV over the most recent 3-month period.

The standard deviation of FV for the past year is 0.2694%. 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 FV include XLK, XLU, and XLY.

ETFs correlated to FV include IGE, VFMO, and INFL.

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

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.