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ETFs

First Trust Active Factor Large Cap ETF

AFLG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 03 2019
Expense Ratio
0.55%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,715
AUM
$4,964,049
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

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Invest with AFLG

What is AFLG?

The First Trust Active Factor Large Cap ETF seeks to provide capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The Fund is actively managed primarily relying on a multi-factor quantitative methodology with active risk management to construct a portfolio of securities exhibiting exposures to one or more investing factors. The multi-factor quantitative methodology currently used by the Fund may take into account the following factors: (i) value; (ii) momentum; (iii) quality; and (iv) low volatility.

ETFs related toAFLG

ETFs correlated to AFLG include JHML, DFAC, AVUS

AFLG
First Trust Exchange-Traded Fund VIII - First Trust Active Factor Large Cap ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
QDF
FlexShares Trust - FlexShares Quality Dividend Index Fund
AVSU
American Century ETF Trust - Avantis Responsible U.S. Equity ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US ETF
DUHP
Dimensional ETF Trust - Dimensional US High Profitability ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM 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 toAFLG

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with AFLG using Composer

FAQ

AFLG is a US Equities ETF. The First Trust Active Factor Large Cap ETF seeks to provide capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The Fund is actively managed primarily relying on a multi-factor quantitative methodology with active risk management to construct a portfolio of securities exhibiting exposures to one or more investing factors. The multi-factor quantitative methodology currently used by the Fund may take into account the following factors: (i) value; (ii) momentum; (iii) quality; and (iv) low volatility.

Yes, AFLG 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, AFLG 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 AFLG is -0.0056%. This is the percent change in the value of AFLG over the most recent 1-month period. The 3-month return on AFLG is 0.0074%. This is the percent change in the value of AFLG over the most recent 3-month period.

The standard deviation of AFLG for the past year is 0.1628%. 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 AFLG include SPHQ, DSI, and QUAL.

ETFs correlated to AFLG include JHML, DFAC, and AVUS.

ETFs that are inversely correlated to AFLG include SH, SDS, and SPDN.

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.