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ETFs

First Trust Financials AlphaDEX Fund

FXO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 8, 2007
Expense Ratio
0.62%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$4,021,440
AUM
$757,302,075
Associated Index
StrataQuant Financials Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ZION
Zions Bancorporation N.A
2.08%
WAL
Western Alliance Bancorp
2.04%
APO
Apollo Global Management Inc - Ordinary Shares - Class A (New)
1.94%
KEY
Keycorp
1.88%
KNSL
Kinsale Capital Group Inc
1.87%
ACGL
Arch Capital Group Ltd
1.78%
AIG
American International Group Inc
1.76%
MTG
MGIC Investment Corp
1.76%
FCNCA
First Citizens Bancshares, Inc (NC) - Ordinary Shares - Class A
1.75%
UNM
Unum Group
1.72%
Invest with FXO

What is FXO?

The First Trust Financials 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 Financials Index.

ETFs related toFXO

ETFs correlated to FXO include KBE, KBWB, VFH

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

#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 FXO using Composer

FAQ

FXO is a US Equities ETF. The First Trust Financials 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 Financials Index.

FXO tracks the StrataQuant Financials Index.

No, FXO 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, FXO 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 FXO is -0.0033%. This is the percent change in the value of FXO over the most recent 1-month period. The 3-month return on FXO is 0.0539%. This is the percent change in the value of FXO over the most recent 3-month period.

The standard deviation of FXO for the past year is 0.266%. 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 FXO include XLI, XLY, and XLV.

ETFs correlated to FXO include KBE, KBWB, and VFH.

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

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.