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ETFs

First Trust Alerian US NextGen Infrastructure ETF

RBLD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 13 2008
Expense Ratio
0.65%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$19,658
AUM
$7,719,102
Associated Index
Alerian U.S. NextGen Infrastructure Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with RBLD

What is RBLD?

The First Trust Alerian U.S. NextGen Infrastructure ETF (the "Fund"), formerly First Trust Global Engineering and Construction ETF, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Alerian U.S. NextGen Infrastructure Index (the "Index"). The Fund will normally invest at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks and real estate investment trusts ("REITs") that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is owned and is developed, maintained and sponsored by VettaFi LLC. As of Aug. 1, the First Trust Global Engineering and Construction ETF (FLM) changed its name to the First Trust Alerian U.S. NextGen Infrastructure ETF and its ticker to RBLD and changed its index from the ISE Global Engineering and Construction Index to the Alerian U.S. NextGen Infrastructure Index.

ETFs related toRBLD

ETFs correlated to RBLD include TPLC, IMCB, VO

RBLD
First Trust Exchange-Traded Fund III - First Trust Alerian U.S. NextGen Infrastructure ETF
TPLC
Timothy Plan - Timothy Plan US Large/Mid Cap Core ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted 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 toRBLD

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with RBLD using Composer

FAQ

RBLD is a US Equities ETF. The First Trust Alerian U.S. NextGen Infrastructure ETF (the "Fund"), formerly First Trust Global Engineering and Construction ETF, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Alerian U.S. NextGen Infrastructure Index (the "Index"). The Fund will normally invest at least 90% of its net assets (plus any borrowings for investment purposes) in the common stocks and real estate investment trusts ("REITs") that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is owned and is developed, maintained and sponsored by VettaFi LLC. As of Aug. 1, the First Trust Global Engineering and Construction ETF (FLM) changed its name to the First Trust Alerian U.S. NextGen Infrastructure ETF and its ticker to RBLD and changed its index from the ISE Global Engineering and Construction Index to the Alerian U.S. NextGen Infrastructure Index.

RBLD tracks the Alerian U.S. NextGen Infrastructure Index.

No, RBLD 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, RBLD 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 RBLD is -0.0095%. This is the percent change in the value of RBLD over the most recent 1-month period. The 3-month return on RBLD is 0.0023%. This is the percent change in the value of RBLD over the most recent 3-month period.

The standard deviation of RBLD for the past year is 0.1854%. 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 RBLD include SPHQ, DSI, and QUAL.

ETFs correlated to RBLD include TPLC, IMCB, and VO.

ETFs that are inversely correlated to RBLD include SPXU, SDS, 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.