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ETFs

First Trust Exchange-Traded Fund II First Trust Nasdaq Lux Digital Health Solutions ETF

EKG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 22 2022
Expense Ratio
0.65%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$7,407
AUM
$692,027
Associated Index
Nasdaq Lux Health Tech Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with EKG

What is EKG?

The First Trust Nasdaq Lux Digital Health Solutions 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 Nasdaq Lux Health Tech Index (the Index). The Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks and depositary receipts that comprise the Index.

ETFs related toEKG

ETFs correlated to EKG include XHE, IHI, VOT

EKG
First Trust Exchange-Traded Fund II - First Trust Nasdaq Lux Digital Health Solutions ETF
XHE
SPDR Series Trust - SPDR S&P Health Care Equipment ETF
IHI
BlackRock Institutional Trust Company N.A. - iShares U.S. Medical Devices ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 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 toEKG

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with EKG using Composer

FAQ

EKG is a Global Equities ETF. The First Trust Nasdaq Lux Digital Health Solutions 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 Nasdaq Lux Health Tech Index (the Index). The Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks and depositary receipts that comprise the Index.

EKG tracks the Nasdaq Lux Health Tech Index.

No, EKG 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, EKG 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 EKG is -0.112%. This is the percent change in the value of EKG over the most recent 1-month period. The 3-month return on EKG is -0.2204%. This is the percent change in the value of EKG over the most recent 3-month period.

The standard deviation of EKG for the past year is 0.2604%. 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 EKG include IXJ, SMH, and URA.

ETFs correlated to EKG include XHE, IHI, and VOT.

ETFs that are inversely correlated to EKG include HIBS, SARK, and SH.

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.