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ETFs

First Trust EIP Carbon Impact ETF

ECLN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 19 2019
Expense Ratio
0.96%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$46,267
AUM
$33,572,047
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US Dollar
10.40%
DTM
DT Midstream Inc
5.45%
SRE
Sempra Energy
3.86%
ATO
Atmos Energy Corp.
3.81%
CQP
Cheniere Energy Partners LP - Unit
3.80%
AEP
American Electric Power Company Inc.
3.62%
NEP
NextEra Energy Partners LP - Unit
3.31%
TRGP
Targa Resources Corp
2.94%
WEC
WEC Energy Group Inc
2.94%
XEL
Xcel Energy, Inc.
2.89%
Invest with ECLN

What is ECLN?

The First Trust EIP Carbon Impact ETF (the "Fund") seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the Funds investment sub-advisor, Energy Income Partners, LLC ("EIP" or the "Sub-Advisor"), as having or seeking to have a positive carbon impact. The companies in which the Fund invests will have demonstrated a commitment to positive carbon impact activities, as determined by the Sub-Advisor, based on its fundamental research and review of public documents, such as regulatory filings and investor and public communications.

ETFs related toECLN

ETFs correlated to ECLN include FXU, EMLP, IDU

ECLN
First Trust Exchange-Traded Fund IV - First Trust EIP Carbon Impact ETF
FXU
First Trust Exchange-Traded Fund III - First Trust Utilities AlphaDEX Fund
EMLP
First Trust Exchange-Traded Fund III - First Trust North American Energy Infrastructure Fund
IDU
BlackRock Institutional Trust Company N.A. - iShares U.S. Utilities ETF
FUTY
Fidelity Covington Trust - Fidelity MSCI Utilities Index ETF
RSPU
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Utilities ETF
VPU
Vanguard Group, Inc. - Vanguard Utilities ETF
UTSL
Direxion Shares ETF Trust - Direxion Daily Utilities Bull 3X Shares
XLU
SSgA Active Trust - Utilities Select Sector SPDR ETF
GII
SSgA Active Trust - SPDR S&P Global Infrastructure ETF
FVD
First Trust Exchange-Traded Fund III - First Trust Value Line Dividend Index 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.

Automated Strategies
Related toECLN

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with ECLN using Composer

FAQ

ECLN is a Global Equities ETF. The First Trust EIP Carbon Impact ETF (the "Fund") seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the Funds investment sub-advisor, Energy Income Partners, LLC ("EIP" or the "Sub-Advisor"), as having or seeking to have a positive carbon impact. The companies in which the Fund invests will have demonstrated a commitment to positive carbon impact activities, as determined by the Sub-Advisor, based on its fundamental research and review of public documents, such as regulatory filings and investor and public communications.

Yes, ECLN 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, ECLN 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 ECLN is 0.0037%. This is the percent change in the value of ECLN over the most recent 1-month period. The 3-month return on ECLN is -0.0182%. This is the percent change in the value of ECLN over the most recent 3-month period.

The standard deviation of ECLN for the past year is 0.159%. 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 ECLN include PBW, IGF, and ARKK.

ETFs correlated to ECLN include FXU, EMLP, and IDU.

ETFs that are inversely correlated to ECLN include DRV, SRS, and SDOW.

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.