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ETFs

First Trust Indxx NextG ETF

NXTG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 17 2011
Expense Ratio
0.70%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,465,728
AUM
$447,627,136
Associated Index
Indxx 5G & NextG Thematic Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with NXTG

What is NXTG?

The First Trust Indxx NextG ETF, formerly First Trust Nasdaq Smartphone Index Fund, seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Indxx 5G & NextG Thematic Index. The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the Index. The Indxx 5G & NextG Thematic Index is designed to track the performance of companies that are at the core of the research and development of the new 5G cellular technology and next generation technologies as they emerge. The index seeks to include only companies that have devoted material resources or made material commitments to the use of 5G technology. 5G is the next (fifth) generation of cellular technology, which promises to greatly enhance the speed, coverage and responsiveness of wireless networks.

ETFs related toNXTG

ETFs correlated to NXTG include CGGO, VT, FIVG

NXTG
First Trust Exchange-Traded Fund III - First Trust Indxx NextG ETF
CGGO
Capital Group Companies Inc - Capital Group Global Growth Equity ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
FIVG
ETF Series Solutions Trust - Defiance Next Gen Connectivity ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
AOR
BlackRock Institutional Trust Company N.A. - iShares Core Growth Allocation ETF
ROBO
Exchange Traded Concepts Trust - ETCT ROBO Global Robotics and Automation Index 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.

FAQ

NXTG is a Global Equities ETF. The First Trust Indxx NextG ETF, formerly First Trust Nasdaq Smartphone Index Fund, seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Indxx 5G & NextG Thematic Index. The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the Index. The Indxx 5G & NextG Thematic Index is designed to track the performance of companies that are at the core of the research and development of the new 5G cellular technology and next generation technologies as they emerge. The index seeks to include only companies that have devoted material resources or made material commitments to the use of 5G technology. 5G is the next (fifth) generation of cellular technology, which promises to greatly enhance the speed, coverage and responsiveness of wireless networks.

NXTG tracks the Indxx 5G & NextG Thematic Index.

No, NXTG 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, NXTG 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 NXTG is 0.0216%. This is the percent change in the value of NXTG over the most recent 1-month period. The 3-month return on NXTG is 0.1052%. This is the percent change in the value of NXTG over the most recent 3-month period.

The standard deviation of NXTG for the past year is 0.2229%. 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 NXTG include IXN, IXC, and GDXJ.

ETFs correlated to NXTG include CGGO, VT, and FIVG.

ETFs that are inversely correlated to NXTG include SPXU, SDS, and SH.

Disclaimers

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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.