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ETFs

First Trust Exchange-Traded Fund III First Trust RiverFront Dynamic Europe ETF

RFEU
$—
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)
$6,874
AUM
$8,778,117
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

NESN
Nestle SA
4.45%
NOVO B
Novo Nordisk - Ordinary Shares - Class B
3.75%
ASML
ASML Holding NV
3.42%
NOVN
Novartis AG - Registered Shares
3.09%
MC
Lvmh Moet Hennessy Vuitton SE
2.97%
ROG
Roche Holding AG
2.7%
TTE
TotalEnergies SE
2.6%
SHEL
Shell Plc
2.22%
ULVR
Unilever plc
2.19%
ALV
Allianz SE - Registered Shares
1.91%
Invest with RFEU
Trade RFEU Options

What is RFEU?

RFEU is an actively managed exchange-traded fund that seeks to provide capital appreciation. RFEU 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 European companies.In addition to its portfolio securities investments, RFEU 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 RFEUs currency exposure.

1M
3M
6M
YTD
1Y
3Y
Max
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RFEU
Performance Measures**

for the time period Apr 14, 2016 to Dec 4, 2025

Returns

1M Trailing Return: 2.9%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 7.1%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -39.7%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 18.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.48

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.18

The annualized return divided by the max drawdown for the selected time period.

ETFs related toRFEU

ETFs correlated to RFEU include IEUR, VGK, BBEU

RFEU
First Trust Exchange-Traded Fund III - First Trust RiverFront Dynamic Europe ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF
IQLT
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Quality Factor ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity 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

RFEU is a Global Ex. US Equities ETF. RFEU is an actively managed exchange-traded fund that seeks to provide capital appreciation. RFEU 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 European companies.In addition to its portfolio securities investments, RFEU 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 RFEUs currency exposure.

Yes, RFEU 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, RFEU 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 RFEU is -0.0105%. This is the percent change in the value of RFEU over the most recent 1-month period. The 3-month return on RFEU is -0.0141%. This is the percent change in the value of RFEU over the most recent 3-month period.

The standard deviation of RFEU for the past year is 0.1707%. 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 RFEU include EZU, VEA, and EEM.

ETFs correlated to RFEU include IEUR, VGK, and BBEU.

ETFs that are inversely correlated to RFEU include EPV, EFZ, 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.