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ETFs

First Trust Active Factor Small Cap ETF

AFSM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 03 2019
Expense Ratio
0.77%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$3,751
AUM
$3,559,547
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SMCI
Super Micro Computer Inc
1.31%
AMR
Alpha Metallurgical Resources Inc
1.23%
AMPH
Amphastar Pharmaceuticals Inc
1.11%
ATKR
Atkore Inc
1.06%
ELF
e.l.f. Beauty Inc
1.04%
BCC
Boise Cascade Co
1.03%
ARCH
Arch Resources Inc - Ordinary Shares - Class A
1.01%
OTTR
Otter Tail Corporation
0.98%
HCC
Warrior Met Coal Inc
0.94%
WIRE
Encore Wire Corp.
0.88%
Invest with AFSM

What is AFSM?

The First Trust Active Factor Small 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 small 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 toAFSM

ETFs correlated to AFSM include DFAS, VIOG, GSSC

AFSM
First Trust Exchange-Traded Fund VIII - First Trust Active Factor Small Cap ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
VIOG
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Growth ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF
SLYG
SPDR Series Trust - SPDR S&P 600 Small Cap Growth ETF
IJT
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Growth ETF
JPSE
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Small Cap Equity ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index 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 toAFSM

#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 AFSM using Composer

FAQ

AFSM is a US Equities ETF. The First Trust Active Factor Small 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 small 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, AFSM 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, AFSM 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 AFSM is -0.0183%. This is the percent change in the value of AFSM over the most recent 1-month period. The 3-month return on AFSM is 0%. This is the percent change in the value of AFSM over the most recent 3-month period.

The standard deviation of AFSM for the past year is 0.1999%. 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 AFSM include SPHQ, DSI, and QUAL.

ETFs correlated to AFSM include DFAS, VIOG, and GSSC.

ETFs that are inversely correlated to AFSM include RWM, TWM, and TZA.

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.