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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)
$1,734,039
AUM
$56,025,041
Associated Index
Nasdaq US Rising Dividend Achievers Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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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, VLUE, JVAL

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
VLUE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Value Factor ETF
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor ETF
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
FTA
First Trust Exchange-Traded Fund III - First Trust Large Capital Value AlphaDEX Fund
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 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

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

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 -0.116%. This is the percent change in the value of RDVI over the most recent 1-month period. The 3-month return on RDVI is -0.0539%. This is the percent change in the value of RDVI over the most recent 3-month period.

ETFs similar to RDVI include SDY, VYM, and DVY.

ETFs correlated to RDVI include RDVY, VLUE, and JVAL.

ETFs that are inversely correlated to RDVI include SKF, SEF, and SH.

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.