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ETFs

First Trust Exchange-Traded Fund III First Trust RiverFront Dynamic Developed International ETF

RFDI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 12 2016
Expense Ratio
0.83%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$297,293
AUM
$121,351,998
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Nestle SA
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2.63%
NOVOB
NOVO NORDISK A/S-B
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MC
LVMH MOET HENNESSY LOUIS VUI
2.18%
NOVN
Novartis AG - Registered Shares
2.11%
III
3I GROUP PLC
2.07%
BHP
BHP Group Limited
1.79%
RIO
RIO TINTO PLC
1.63%
ASML
ASML HOLDING NV
1.53%
KNIN
Kuehne + Nagel International AG - Ordinary Shares (Registered)
1.43%
Invest with RFDI

What is RFDI?

RFDI is an actively managed exchange-traded fund that seeks to provide capital appreciation. RFDI will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in a portfolio of equity securities of developed market companies.In addition to its portfolio securities investments, RFDI also will utilize a dynamic currency hedging strategy through the use of forward foreign currency exchange contracts and currency spot transactions to hedge up to 100% of the RFDIs currency exposure.

ETFs related toRFDI

ETFs correlated to RFDI include IDEV, DFAI, AVDE

RFDI
First Trust Exchange-Traded Fund III - First Trust RiverFront Dynamic Developed International ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
AVDE
American Century ETF Trust - Avantis International Equity ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
DIHP
Dimensional ETF Trust - Dimensional International High Profitability 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 toRFDI

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with RFDI using Composer

FAQ

RFDI is a Global Ex. US Equities ETF. RFDI is an actively managed exchange-traded fund that seeks to provide capital appreciation. RFDI will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in a portfolio of equity securities of developed market companies.In addition to its portfolio securities investments, RFDI also will utilize a dynamic currency hedging strategy through the use of forward foreign currency exchange contracts and currency spot transactions to hedge up to 100% of the RFDIs currency exposure.

Yes, RFDI is actively 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.

No, RFDI is not passively managed. It is actively 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 RFDI is -0.0139%. This is the percent change in the value of RFDI over the most recent 1-month period. The 3-month return on RFDI is 0.0291%. This is the percent change in the value of RFDI over the most recent 3-month period.

The standard deviation of RFDI for the past year is 0.1994%. 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 RFDI include FEZ, VWO, and EZU.

ETFs correlated to RFDI include IDEV, DFAI, and AVDE.

ETFs that are inversely correlated to RFDI include EPV, SH, and SPDN.

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.