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ETFs

First Trust Exchange-Traded Fund VI Emerging Markets Equity Select ETF

RNEM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 20 2017
Expense Ratio
0.75%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$52,341
AUM
$8,798,087
Associated Index
Nasdaq Riskalyze Emerging Markets Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

3231
WISTRON CORP
3.66%
2356
INVENTEC CORP
3.34%
6239
POWERTECH TECHNOLOGY INC
2.87%
2324
COMPAL ELECTRONICS
2.81%
PFC
Power Finance Corporation Ltd.
2.63%
3702
WPG HOLDINGS LTD
2.57%
2317
HON HAI PRECISION INDUSTRY
2.49%
532955
REC Ltd.
2.26%
500510
Larsen & Toubro Ltd.
2.13%
500180
HDFC Bank Ltd.
1.99%
Invest with RNEM

What is RNEM?

The Emerging Markets 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 Emerging 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 Emerging Markets Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of low volatility securities.

ETFs related toRNEM

ETFs correlated to RNEM include EMXC, DFEV, XCEM

RNEM
First Trust Exchange-Traded Fund III - First Trust Emerging Markets Equity Select ETF
EMXC
BlackRock Institutional Trust Company N.A. - IShares MSCI Emerging Markets ex China ETF
DFEV
Dimensional ETF Trust - Dimensional Emerging Markets Value ETF
XCEM
Columbia ETF Trust II - Columbia EM Core ex-China ETF
JPEM
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return Emerging Markets Equity ETF
EELV
Invesco Capital Management LLC - Invesco S&P Emerging Markets Low Volatility ETF
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
FNDE
Schwab Strategic Trust - Schwab Fundamental Emerging Markets Large Company Index ETF
EEMS
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets Small-Cap ETF
AVES
American Century ETF Trust - Avantis Emerging Markets Value ETF
DFAX
Dimensional ETF Trust - Dimensional World ex 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.

FAQ

RNEM is a Global Ex. US Equities ETF. The Emerging Markets 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 Emerging 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 Emerging Markets Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of low volatility securities.

RNEM tracks the Nasdaq Riskalyze Emerging Markets Index.

No, RNEM 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, RNEM 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 RNEM is 0.0035%. This is the percent change in the value of RNEM over the most recent 1-month period. The 3-month return on RNEM is 0.0326%. This is the percent change in the value of RNEM over the most recent 3-month period.

The standard deviation of RNEM for the past year is 0.1518%. 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 RNEM include ARKK, TAN, and EFG.

ETFs correlated to RNEM include EMXC, DFEV, and XCEM.

ETFs that are inversely correlated to RNEM include EDZ, EUM, and EFZ.

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.