Franklin U.S. Core Dividend Tilt Index ETF
Top 10 Holdings
What is UDIV?
Franklin U.S. Core Dividend Tilt Index ETF (UDIV) will seek to provide investment results that closely correspond, before fees and expenses, to the performance of the Morningstar US Dividend Enhanced Select Index (the Underlying Index). The Underlying Index is a systematic, rules-based proprietary index that is maintained and calculated by Morningstar, Inc. The Underlying Index starts from the Morningstar US Target Market Exposure Index (Parent Index) and aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index (i.e., to provide a "dividend tilt" through the selection and weighting of securities from the Parent Index). The Parent Index targets large- and mid-capitalization U.S. stocks representing the top 85% of the U.S. equity market by float-adjusted market capitalization.
ETFs related toUDIV
ETFs correlated to UDIV include IYY, SCHX, LCTU
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.
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.