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ETFs

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

FVC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 17 2016
Expense Ratio
0.88%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,053,345
AUM
$202,984,561
Associated Index
Dorsey Wright Dynamic Focus Five Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
20.51%
FXD
First Trust Exchange-Traded Fund III - First Trust Consumer Discretionary AlphaDEX Fund
20.08%
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
19.99%
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
19.81%
FTXL
First Trust Exchange-Traded Fund III - First Trust Nasdaq Semiconductor ETF
19.57%
n/a
US Dollar
0.04%
Invest with FVC

What is FVC?

This exchange-traded fund seeks investment results that correspond generally to the price and yield (before the funds fees and expenses) of an index called the Dorsey Wright Dynamic Focus Five Index. The Dorsey Wright Dynamic Focus Five Index (the "index") is designed to provide targeted exposure to five First Trust sector and industry based ETFs and the Nasdaq US T-Bill Index (the "cash index"). The index combines Dorsey, Wright & Associates (DWA) systematic momentum approach to sector rotation and risk management via cash equivalents represented by 1- to 3-month U.S. Treasury bills in the cash index. To construct the index, DWA begins with the universe of First Trust sector and industry ETFs and the cash index. Using the DWA proprietary relative strength methodology, the ETFs are compared to each other to determine inclusion by measuring each ETFs price momentum relative to other ETFs in the universe. Each ETF is given a score that allows the index to objectively determine where it ranks relative to all other ETFs in the universe and five ETFs that satisfy certain trading volume and liquidity requirements are selected for inclusion. The relative strength analysis is conducted on a bi-monthly basis. ETFs are replaced when they fall sufficiently out of favor, based on their relative strength, versus the other ETFs within the universe. When an ETF is added or removed, the index is rebalanced so each ETF position is equally weighted. The index can gain varying amounts of exposure to the cash index when the relative strength of more than one-third of the universe of First Trust ETFs begins to diminish relative to the cash index. The cash index is evaluated on a bi-monthly basis. The cash index may constitute between 0% and 95% of the index, but is limited to an increase or decrease of no more than 33% per evaluation.

ETFs related toFVC

ETFs correlated to FVC include LGRO, GAUG, AUGW

FVC
First Trust Exchange-Traded Fund III - First Trust Dorsey Wright Dynamic Focus 5 ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
TJUL
Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2025
FV
First Trust Exchange-Traded Fund III - First Trust Dorsey Wright Focus 5 ETF
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
VFMO
Vanguard Group, Inc. - Vanguard U.S. Momentum Factor 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

FVC is a US Equities ETF. This exchange-traded fund seeks investment results that correspond generally to the price and yield (before the funds fees and expenses) of an index called the Dorsey Wright Dynamic Focus Five Index. The Dorsey Wright Dynamic Focus Five Index (the "index") is designed to provide targeted exposure to five First Trust sector and industry based ETFs and the Nasdaq US T-Bill Index (the "cash index"). The index combines Dorsey, Wright & Associates (DWA) systematic momentum approach to sector rotation and risk management via cash equivalents represented by 1- to 3-month U.S. Treasury bills in the cash index. To construct the index, DWA begins with the universe of First Trust sector and industry ETFs and the cash index. Using the DWA proprietary relative strength methodology, the ETFs are compared to each other to determine inclusion by measuring each ETFs price momentum relative to other ETFs in the universe. Each ETF is given a score that allows the index to objectively determine where it ranks relative to all other ETFs in the universe and five ETFs that satisfy certain trading volume and liquidity requirements are selected for inclusion. The relative strength analysis is conducted on a bi-monthly basis. ETFs are replaced when they fall sufficiently out of favor, based on their relative strength, versus the other ETFs within the universe. When an ETF is added or removed, the index is rebalanced so each ETF position is equally weighted. The index can gain varying amounts of exposure to the cash index when the relative strength of more than one-third of the universe of First Trust ETFs begins to diminish relative to the cash index. The cash index is evaluated on a bi-monthly basis. The cash index may constitute between 0% and 95% of the index, but is limited to an increase or decrease of no more than 33% per evaluation.

FVC tracks the Dorsey Wright Dynamic Focus Five Index.

No, FVC 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, FVC 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 FVC is -0.0314%. This is the percent change in the value of FVC over the most recent 1-month period. The 3-month return on FVC is -0.0561%. This is the percent change in the value of FVC over the most recent 3-month period.

The standard deviation of FVC for the past year is 0.1409%. 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 FVC include XLI, XLY, and XLV.

ETFs correlated to FVC include LGRO, GAUG, and AUGW.

ETFs that are inversely correlated to FVC include TZA, RWM, and TWM.

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.