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ETFs

First Trust Exchange-Traded Fund VI First Trust Nasdaq Artificial Intelligence and Robotics ETF

ROBT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 21 2018
Expense Ratio
0.65%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$2,167,392
AUM
$228,480,081
Associated Index
Nasdaq CTA Artificial Intelligence and Robotics Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

PATH
UiPath Inc - Ordinary Shares - Class A
2.15%
AI
C3.ai Inc - Ordinary Shares - Class A
2.13%
MBLY
Mobileye Global Inc - Ordinary Shares - Class A
2.10%
ILMN
Illumina Inc
2.10%
CDNS
Cadence Design Systems, Inc.
2.07%
ESLT
ELBIT SYSTEMS LTD
2.03%
DSY
DASSAULT SYSTEMES SE
2.03%
SNPS
Synopsys, Inc.
2.01%
AVAV
AeroVironment Inc.
2.01%
ATO
ATOS SE
2.01%
Invest with ROBT

What is ROBT?

The First Trust Nasdaq Artificial Intelligence and Robotics ETF (the "Fund"), seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Nasdaq CTA Artificial Intelligence and Robotics Index (the "Index"). The Nasdaq CTA Artificial Intelligence and Robotics Index is designed to track the performance of companies engaged in Artificial intelligence (AI), robotics and automation.

ETFs related toROBT

ETFs correlated to ROBT include ROBO, BOTZ, XT

ROBT
First Trust Exchange-Traded Fund VI - First Trust Nasdaq Artificial Intelligence and Robotics ETF
ROBO
Exchange Traded Concepts Trust - ETCT ROBO Global Robotics and Automation Index ETF
BOTZ
Global X Funds - Global X Funds Global X Robotics & Artificial Intelligence ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund

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

ROBT is a Global Equities ETF. The First Trust Nasdaq Artificial Intelligence and Robotics ETF (the "Fund"), seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Nasdaq CTA Artificial Intelligence and Robotics Index (the "Index"). The Nasdaq CTA Artificial Intelligence and Robotics Index is designed to track the performance of companies engaged in Artificial intelligence (AI), robotics and automation.

ROBT tracks the Nasdaq CTA Artificial Intelligence and Robotics Index.

No, ROBT 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, ROBT 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 ROBT is -0.0161%. This is the percent change in the value of ROBT over the most recent 1-month period. The 3-month return on ROBT is 0.1119%. This is the percent change in the value of ROBT over the most recent 3-month period.

The standard deviation of ROBT for the past year is 0.3168%. 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 ROBT include ARKK, TAN, and EFG.

ETFs correlated to ROBT include ROBO, BOTZ, and XT.

ETFs that are inversely correlated to ROBT include HIBS, WEBS, and SQQQ.

Disclaimers

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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.