Skip to Content
ETFs

RNDM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 20 2017
Expense Ratio
0.65%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$178,799
AUM
$20,064,100
Associated Index
Nasdaq Riskalyze Developed Markets Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US Dollar
100.00%
Invest with RNDM

What is RNDM?

The Developed International Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Nasdaq Riskalyze Developed Markets Index. The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Nasdaq Riskalyze Developed Markets Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of low volatility securities.

ETFs related toRNDM

ETFs correlated to RNDM include VEA, JPIN, IEFA

RNDM
First Trust Exchange-Traded Fund III - First Trust Developed International Equity Select ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
JPIN
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return International Equity ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
BKIE
BNY Mellon ETF Trust - BNY Mellon International Equity ETF
QEFA
SSgA Active Trust - SPDR MSCI EAFE StrategicFactors SM ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets 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 toRNDM

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with RNDM using Composer

FAQ

RNDM is a Global Ex. US Equities ETF. The Developed International Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Nasdaq Riskalyze Developed Markets Index. The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Nasdaq Riskalyze Developed Markets Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of low volatility securities.

RNDM tracks the Nasdaq Riskalyze Developed Markets Index.

No, RNDM 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, RNDM 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 RNDM is -0.0065%. This is the percent change in the value of RNDM over the most recent 1-month period. The 3-month return on RNDM is 0.0533%. This is the percent change in the value of RNDM over the most recent 3-month period.

The standard deviation of RNDM for the past year is 0.1841%. 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 RNDM include EFV, IGF, and ICLN.

ETFs correlated to RNDM include VEA, JPIN, and IEFA.

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