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ETFs

First Trust Materials AlphaDEX Fund

FXZ
$--
Today’s Change
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Snapshot
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Inception Date
May 08 2007
Expense Ratio
0.61%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$11,985,343
AUM
$1,661,274,124
Associated Index
StrataQuant Materials Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

NUE
Nucor Corp.
5.20%
STLD
Steel Dynamics Inc.
5.10%
CLF
Cleveland-Cliffs Inc
5.08%
WLK
Westlake Corporation
4.83%
X
United States Steel Corp.
4.60%
MOS
Mosaic Company
4.55%
HUN
Huntsman Corp
4.50%
RS
Reliance Steel & Aluminum Co.
4.01%
LYB
LyondellBasell Industries NV - Ordinary Shares - Class A
3.35%
DOW
Dow Inc
3.33%
Invest with FXZ

What is FXZ?

The First Trust Materials 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 Materials Index.

ETFs related toFXZ

ETFs correlated to FXZ include PYZ, IYM, FMAT

FXZ
First Trust Exchange-Traded Fund III - First Trust Materials AlphaDEX Fund
PYZ
Invesco Capital Management LLC - Invesco DWA Basic Materials Momentum ETF
IYM
BlackRock Institutional Trust Company N.A. - iShares U.S. Basic Materials ETF
FMAT
Fidelity Covington Trust - Fidelity MSCI Materials Index ETF
VAW
Vanguard Group, Inc. - Vanguard Materials ETF
RTM
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Materials ETF
XLB
SSgA Active Trust - Materials Select Sector SPDR
MXI
BlackRock Institutional Trust Company N.A. - iShares Global Materials ETF
XME
SPDR Series Trust - SPDR Metals & Mining ETF
SLX
VanEck ETF Trust - VanEck Steel ETF
PAVE
Global X Funds - Global X U.S. Infrastructure Development 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 toFXZ

#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 FXZ using Composer

FAQ

FXZ is a US Equities ETF. The First Trust Materials 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 Materials Index.

FXZ tracks the StrataQuant Materials Index.

No, FXZ 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, FXZ 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 FXZ is -0.0771%. This is the percent change in the value of FXZ over the most recent 1-month period. The 3-month return on FXZ is 0.0139%. This is the percent change in the value of FXZ over the most recent 3-month period.

The standard deviation of FXZ for the past year is 0.3046%. 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 FXZ include XLI, XLE, and XLP.

ETFs correlated to FXZ include PYZ, IYM, and FMAT.

ETFs that are inversely correlated to FXZ include EFZ, TZA, and SRTY.

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.