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ETFs

First Trust Exchange-Traded Fund VI US Equity Dividend Select ETF

RNDV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 20, 2017
Expense Ratio
0.50%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$60,459
AUM
$26,163,055
Associated Index
Nasdaq Riskalyze US Large Cap Select Dividend Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with RNDV

What is RNDV?

The US Equity Dividend 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 US Equity Dividend Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks 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 US Large Cap Select Dividend Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of dividend-paying securities with above average yield.

ETFs related toRNDV

ETFs correlated to RNDV include VLUE, JVAL, DIVB

RNDV
First Trust Exchange-Traded Fund VI - First Trust US Equity Dividend Select 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
DIVB
BlackRock Institutional Trust Company N.A. - iShares Core Dividend ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index 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 toRNDV

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with RNDV using Composer

FAQ

RNDV is a US Equities ETF. The US Equity Dividend 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 US Equity Dividend Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks 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 US Large Cap Select Dividend Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of dividend-paying securities with above average yield.

RNDV tracks the Nasdaq Riskalyze US Large Cap Select Dividend Index.

RNDV dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, RNDV 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, RNDV 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 RNDV is -0.0184%. This is the percent change in the value of RNDV over the most recent 1-month period. The 3-month return on RNDV is -0.0103%. This is the percent change in the value of RNDV over the most recent 3-month period.

The standard deviation of RNDV for the past year is 0.1751%. 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 RNDV include VIG, VYM, and DFAS.

ETFs correlated to RNDV include VLUE, JVAL, and DIVB.

ETFs that are inversely correlated to RNDV include SH, SDS, and SPXS.

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.