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ETFs

First Trust Exchange-Traded Fund VI Large Cap US Equity Select ETF

RNLC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 20 2017
Expense Ratio
0.60%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$40,390
AUM
$16,659,560
Associated Index
Nasdaq Riskalyze US Large Cap Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with RNLC

What is RNLC?

The Large Cap US 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 Large Cap US Equity 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 Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of dividend-paying US large cap securities.

ETFs related toRNLC

ETFs correlated to RNLC include JHML, DFAC, DSTL

RNLC
First Trust Exchange-Traded Fund III - First Trust Large Cap US Equity Select ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
DSTL
ETF Series Solutions Trust - Distillate U.S. Fundamental Stability & Value ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
LRGF
BlackRock Institutional Trust Company N.A. - iShares U.S. Equity Factor 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 toRNLC

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

Create your own algorithmic trading strategy with RNLC using Composer

FAQ

RNLC is a US Equities ETF. The Large Cap US 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 Large Cap US Equity 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 Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of dividend-paying US large cap securities.

RNLC tracks the Nasdaq Riskalyze US Large Cap Index.

No, RNLC 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, RNLC 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 RNLC is -0.0427%. This is the percent change in the value of RNLC over the most recent 1-month period. The 3-month return on RNLC is 0.0056%. This is the percent change in the value of RNLC over the most recent 3-month period.

The standard deviation of RNLC for the past year is 0.2259%. 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 RNLC include DFAT, FVD, and VYM.

ETFs correlated to RNLC include JHML, DFAC, and DSTL.

ETFs that are inversely correlated to RNLC include SPDN, SPXS, and SDS.

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.