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ETFs

First Trust Indxx Innovative Transaction & Process ETF

LEGR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 24 2018
Expense Ratio
0.65%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$213,187
AUM
$95,421,074
Associated Index
Indxx Blockchain Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Emirates Telecommunication Group Company
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Tata Consultancy Services Ltd.
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China CITIC Bank Corp. Ltd. - Ordinary Shares - Class H
1.43%
T
AT&T, Inc.
1.41%
HON
Honeywell International Inc
1.41%
NDA FI
Nordea Bank Abp
1.40%
DTE
Deutsche Telekom AG - Registered Shares
1.40%
INFY
Infosys Ltd - ADR
1.39%
ENGI
Engie
1.39%
VMW
Vmware Inc. - Ordinary Shares - Class A
1.39%
Invest with LEGR

What is LEGR?

The First Trust Indxx Innovative Transaction & Process ETF, seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Indxx Blockchain Index (the "Index"). The Fund will normally invest at least 90%of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the Index. The Index is designed to track the performance of companies that are either actively using, investing in, developing, or have products that are poised to benefit from blockchain technology and/or the potential for increased efficiency that it provides to various business processes. The index seeks to include only companies that have devoted material resources to the use of blockchain technologies. The Index is owned and is developed, maintained and sponsored by Indxx, LLC (the "Index Provider").

ETFs related toLEGR

ETFs correlated to LEGR include VSGX, VEU, CWI

LEGR
First Trust Exchange-Traded Fund VI - First Trust Indxx Innovative Transaction & Process ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI 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 toLEGR

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

#DGE

Diversify with Global Exposure

Category

Momentum, Tactical Asset Allocation, Go Global, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with LEGR using Composer

FAQ

LEGR is a Global Ex. US Equities ETF. The First Trust Indxx Innovative Transaction & Process ETF, seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Indxx Blockchain Index (the "Index"). The Fund will normally invest at least 90%of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the Index. The Index is designed to track the performance of companies that are either actively using, investing in, developing, or have products that are poised to benefit from blockchain technology and/or the potential for increased efficiency that it provides to various business processes. The index seeks to include only companies that have devoted material resources to the use of blockchain technologies. The Index is owned and is developed, maintained and sponsored by Indxx, LLC (the "Index Provider").

LEGR tracks the Indxx Blockchain Index.

No, LEGR 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, LEGR 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 LEGR is -0.0002%. This is the percent change in the value of LEGR over the most recent 1-month period. The 3-month return on LEGR is -0.0005%. This is the percent change in the value of LEGR over the most recent 3-month period.

The standard deviation of LEGR for the past year is 0.18%. 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 LEGR include PBW, IGF, and ARKK.

ETFs correlated to LEGR include VSGX, VEU, and CWI.

ETFs that are inversely correlated to LEGR include EFZ, EPV, and HIBS.

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.