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ETFs

FT Cboe Vest Rising Dividend Achievers Target Income ETF

RDVI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 19 2022
Expense Ratio
0.75%
Type
US Equity Income
Fund Owner
First Trust
Volume (1m avg. daily)
$5,044,777
AUM
$437,008,042
Associated Index
Nasdaq US Rising Dividend Achievers Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

HUM
Humana Inc.
2.14%
CF
CF Industries Holdings Inc
2.09%
STLD
Steel Dynamics Inc.
2.09%
ACN
Accenture plc - Ordinary Shares - Class A
2.06%
ELV
Elevance Health Inc
2.06%
RS
Reliance Steel & Aluminum Co.
2.05%
CVX
Chevron Corp.
2.04%
LRCX
Lam Research Corp.
2.03%
AFL
Aflac Inc.
2.03%
LEN
Lennar Corp. - Ordinary Shares - Class A
2.02%
Invest with RDVI

What is RDVI?

The FT Cboe Vest Rising Dividend Achievers Target Income ETF seeks to provide investors with current income with a secondary objective of providing capital appreciation. Under normal market conditions, the Fund will pursue its investment objective by investing primarily in U.S. exchange-traded equity securities contained in the Nasdaq US Rising Dividend Achievers Index and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded call options on the S&P 500 Index or exchange-traded funds that track the S&P 500 Index.

ETFs related toRDVI

ETFs correlated to RDVI include RDVY, VFVA, DFUV

RDVI
First Trust Exchange-Traded Fund IV - FT Cboe Vest Rising Dividend Achievers Target Income ETF
RDVY
First Trust Exchange-Traded Fund III - First Trust Rising Dividend Achievers ETF
VFVA
Vanguard Group, Inc. - Vanguard U.S. Value Factor ETF
DFUV
Dimensional ETF Trust - Dimensional US Marketwide Value ETF
AVLV
American Century ETF Trust - Avantis U.S. Large Cap Value ETF
FTA
First Trust Exchange-Traded Fund III - First Trust Large Capital Value AlphaDEX Fund
SDVY
First Trust Exchange-Traded Fund VI - First Trust SMID Cap Rising Dividend Achievers ETF
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
ONEY
SPDR Series Trust - SPDR Russell 1000 Yield Focus ETF
VFQY
Vanguard Group, Inc. - Vanguard U.S. Quality Factor 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 toRDVI

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with RDVI using Composer

FAQ

RDVI is a US Equity Income ETF. The FT Cboe Vest Rising Dividend Achievers Target Income ETF seeks to provide investors with current income with a secondary objective of providing capital appreciation. Under normal market conditions, the Fund will pursue its investment objective by investing primarily in U.S. exchange-traded equity securities contained in the Nasdaq US Rising Dividend Achievers Index and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded call options on the S&P 500 Index or exchange-traded funds that track the S&P 500 Index.

RDVI tracks the Nasdaq US Rising Dividend Achievers Index.

RDVI dividend information: Dividend - Regular Payors. Dividend payouts may vary in terms of frequency of payouts.

No, RDVI 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, RDVI 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 RDVI is -0.0081%. This is the percent change in the value of RDVI over the most recent 1-month period. The 3-month return on RDVI is 0.0107%. This is the percent change in the value of RDVI over the most recent 3-month period.

ETFs similar to RDVI include VIG, VYM, and DFAS.

ETFs correlated to RDVI include RDVY, VFVA, and DFUV.

ETFs that are inversely correlated to RDVI include FAZ, RWM, and TWM.

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.