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ETFs

First Trust Dow 30 Equal Weight ETF

EDOW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 08 2017
Expense Ratio
0.50%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,360,120
AUM
$235,718,773
Associated Index
Dow Jones Industrial Average Equal Weight Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

UNH
Unitedhealth Group Inc
3.59%
TRV
Travelers Companies Inc.
3.58%
AMGN
AMGEN Inc.
3.52%
HON
Honeywell International Inc
3.51%
JPM
JPMorgan Chase & Co.
3.46%
GS
Goldman Sachs Group, Inc.
3.44%
JNJ
Johnson & Johnson
3.41%
DIS
Walt Disney Co (The)
3.40%
CVX
Chevron Corp.
3.39%
VZ
Verizon Communications Inc
3.39%
Invest with EDOW

What is EDOW?

The First Trust Dow 30 Equal Weight ETF (the Fund ) seeks investment results that correspond generally to the price and yield (before the Fund s fees and expenses) of an equity index called the Dow Jones Industrial Average Equal Weight Index (the Index ). The Dow Jones Industrial Average Equal Weight is the equal-weight version of the Dow Jones Industrial Average, which seeks to measure the performance of 30 U.S. blue-chip companies.

ETFs related toEDOW

ETFs correlated to EDOW include UDOW, DIA, DDM

EDOW
First Trust Exchange-Traded Fund III - First Trust Dow 30 Equal Weight ETF
UDOW
ProShares Trust - ProShares UltraPro Dow30 3x Shares
DIA
SSgA Active Trust - SPDR Dow Jones Industrial Average ETF
DDM
ProShares Trust - ProShares Ultra Dow30 2x Shares
DLN
WisdomTree Trust - WisdomTree U.S. LargeCap Dividend Fund
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
DGRO
BlackRock Institutional Trust Company N.A. - iShares Core Dividend Growth ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
DTD
WisdomTree Trust - WisdomTree U.S. Total Dividend Fund
IWX
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Value ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value 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 toEDOW

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic trading strategy with EDOW using Composer

FAQ

EDOW is a US Equities ETF. The First Trust Dow 30 Equal Weight ETF (the Fund ) seeks investment results that correspond generally to the price and yield (before the Fund s fees and expenses) of an equity index called the Dow Jones Industrial Average Equal Weight Index (the Index ). The Dow Jones Industrial Average Equal Weight is the equal-weight version of the Dow Jones Industrial Average, which seeks to measure the performance of 30 U.S. blue-chip companies.

EDOW tracks the Dow Jones Industrial Average Equal Weight Index.

No, EDOW is not actively managed. It is passively 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.

Yes, EDOW is passively 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 EDOW is -0.0104%. This is the percent change in the value of EDOW over the most recent 1-month period. The 3-month return on EDOW is -0.0057%. This is the percent change in the value of EDOW over the most recent 3-month period.

The standard deviation of EDOW for the past year is 0.1521%. 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 EDOW include IVV, IJH, and MDY.

ETFs correlated to EDOW include UDOW, DIA, and DDM.

ETFs that are inversely correlated to EDOW include SDOW, DOG, and DXD.

Disclaimers

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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.