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ETFs

First Trust Innovation Leaders ETF

ILDR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 25 2021
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$8,504
AUM
$3,110,031
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
5.34%
n/a
US Dollar
4.47%
AMZN
Amazon.com Inc.
4.18%
NVDA
NVIDIA Corp
3.27%
GOOG
Alphabet Inc - Ordinary Shares - Class C
3.07%
SIE
SIEMENS AG-REG
3.03%
SGEN
Seagen Inc
3.03%
UBER
Uber Technologies Inc
3.00%
NOW
ServiceNow Inc
2.83%
REGN
Regeneron Pharmaceuticals, Inc.
2.60%
Invest with ILDR

What is ILDR?

The First Trust Innovation Leaders ETF (the "Fund") seeks to provide capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in common stock and depository receipts issued by U.S. and non-U.S. companies that may benefit from the development or application of scientific and technological innovation. This includes, but is not limited to, companies that are poised to benefit from new products or services, scientific research, technological improvements and/or enhancements to existing products or services related to automation, advanced medicine, networks, advanced computing, enhanced mobility, energy revolution and e-commerce.

ETFs related toILDR

ETFs correlated to ILDR include FGRO, IWP, VOT

ILDR
First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF
FGRO
Fidelity Covington Trust - Fidelity Growth Opportunities ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
CACG
Legg Mason ETF Investment Trust - ClearBridge All Cap Growth ESG ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund

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 toILDR

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with ILDR using Composer

FAQ

ILDR is a Global Equities ETF. The First Trust Innovation Leaders ETF (the "Fund") seeks to provide capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in common stock and depository receipts issued by U.S. and non-U.S. companies that may benefit from the development or application of scientific and technological innovation. This includes, but is not limited to, companies that are poised to benefit from new products or services, scientific research, technological improvements and/or enhancements to existing products or services related to automation, advanced medicine, networks, advanced computing, enhanced mobility, energy revolution and e-commerce.

Yes, ILDR is actively 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.

No, ILDR is not passively managed. It is actively 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 ILDR is -0.0013%. This is the percent change in the value of ILDR over the most recent 1-month period. The 3-month return on ILDR is 0.0775%. This is the percent change in the value of ILDR over the most recent 3-month period.

The standard deviation of ILDR for the past year is 0.3443%. 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 ILDR include ARKK, TAN, and EFG.

ETFs correlated to ILDR include FGRO, IWP, and VOT.

ETFs that are inversely correlated to ILDR include WEBS, HIBS, and PSQ.

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.