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ETFs

First Trust Health Care AlphaDEX Fund

FXH
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 08 2007
Expense Ratio
0.61%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$6,316,884
AUM
$1,521,988,707
Associated Index
StrataQuant Healthcare Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CTLT
Catalent Inc.
2.36%
PODD
Insulet Corporation
2.33%
HCA
HCA Healthcare Inc
2.31%
QDEL
QuidelOrtho Corporation
2.19%
SRPT
Sarepta Therapeutics Inc
2.17%
EXAS
Exact Sciences Corp.
2.13%
HZNP
Horizon Therapeutics Plc
2.05%
MRK
Merck & Co Inc
2.05%
LH
Laboratory Corp. Of America Holdings
2.01%
SYNH
Syneos Health Inc - Ordinary Shares - Class A
2.01%
Invest with FXH

What is FXH?

The First Trust Health Care AlphaDEX Fund 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 StrataQuant Health Care Index.

ETFs related toFXH

ETFs correlated to FXH include RYH, VHT, FHLC

FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
RYH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
RXL
ProShares Trust - ProShares Ultra Health Care 2X Shares
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF
IXJ
BlackRock Institutional Trust Company N.A. - iShares Global Healthcare ETF
IHI
BlackRock Institutional Trust Company N.A. - iShares U.S. Medical Devices ETF
CURE
Direxion Shares ETF Trust - Direxion Daily Healthcare Bull 3X Shares
XLV
SSgA Active Trust - Health Care Select Sector SPDR
PSCH
Invesco Capital Management LLC - Invesco S&P SmallCap Health Care 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 toFXH

#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 FXH using Composer

FAQ

FXH is a US Equities ETF. The First Trust Health Care AlphaDEX Fund 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 StrataQuant Health Care Index.

FXH tracks the StrataQuant Healthcare Index.

No, FXH 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, FXH 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 FXH is -0.0557%. This is the percent change in the value of FXH over the most recent 1-month period. The 3-month return on FXH is -0.0382%. This is the percent change in the value of FXH over the most recent 3-month period.

The standard deviation of FXH for the past year is 0.2072%. 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 FXH include XLY, XLE, and XLP.

ETFs correlated to FXH include RYH, VHT, and FHLC.

ETFs that are inversely correlated to FXH include SPDN, SDS, and SPXU.

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.