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ETFs

First Trust Expanded Technology ETF

XPND
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 14 2021
Expense Ratio
0.65%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$17,958
AUM
$6,132,040
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

META
Meta Platforms Inc - Ordinary Shares - Class A
4.84%
MA
Mastercard Incorporated - Ordinary Shares - Class A
4.67%
CMCSA
Comcast Corp - Ordinary Shares - Class A
4.64%
MSFT
Microsoft Corporation
4.63%
V
Visa Inc - Ordinary Shares - Class A
4.58%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
4.58%
CSCO
Cisco Systems, Inc.
4.47%
CRM
Salesforce Inc
4.46%
AAPL
Apple Inc
4.46%
ADBE
Adobe Inc
4.39%
Invest with XPND

What is XPND?

The First Trust Expanded Technology ETF (the "Fund") seeks to provide long-term capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks of companies identified by the Funds investment advisor as either information technology companies or consumer discretionary and communication services companies whose operations are principally derived from and/or dependent upon technology (such companies are collectively referred to herein as "Expanded Technology Companies"). While the Fund is actively managed, the investment advisor intends to utilize a quantitative model to help identify Expanded Technology Companies with attractive long-term capital appreciation potential.

ETFs related toXPND

ETFs correlated to XPND include IGM, VGT, FTEC

XPND
First Trust Exchange-Traded Fund VIII - First Trust Expanded Technology ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology Index ETF
IXN
BlackRock Institutional Trust Company N.A. - iShares Global Tech ETF
XLK
SSgA Active Trust - Technology Select Sector SPDR ETF
TECL
Direxion Shares ETF Trust - Direxion Daily Technology Bull 3X Shares
RSPT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology ETF
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares

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 toXPND

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with XPND using Composer

FAQ

XPND is a US Equities ETF. The First Trust Expanded Technology ETF (the "Fund") seeks to provide long-term capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks of companies identified by the Funds investment advisor as either information technology companies or consumer discretionary and communication services companies whose operations are principally derived from and/or dependent upon technology (such companies are collectively referred to herein as "Expanded Technology Companies"). While the Fund is actively managed, the investment advisor intends to utilize a quantitative model to help identify Expanded Technology Companies with attractive long-term capital appreciation potential.

Yes, XPND is actively 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.

No, XPND is not passively managed. It is actively 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 XPND is -0.0106%. This is the percent change in the value of XPND over the most recent 1-month period. The 3-month return on XPND is 0.0177%. This is the percent change in the value of XPND over the most recent 3-month period.

The standard deviation of XPND for the past year is 0.2432%. 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 XPND include XLI, XLY, and XLV.

ETFs correlated to XPND include IGM, VGT, and FTEC.

ETFs that are inversely correlated to XPND include TECS, PSQ, and SQQQ.

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.