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ETFs

First Trust Global Wind Energy ETF

FAN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 16 2008
Expense Ratio
0.60%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$704,393
AUM
$212,487,030
Associated Index
ISE Clean Edge Global Wind Energy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

VWS
Vestas Wind Systems AS
7.97%
EDPR
EDP Renovaveis S.A.
7.82%
ORSTED
Orsted A/S
7.45%
NPI
Northland Power Inc.
7.30%
916
China Longyuan Power Group Corporation Limited - Ordinary Shares - Class H
4.54%
BLX
Boralex, Inc. - Ordinary Shares - Class A
3.50%
INE
Innergex Renewable Energy Inc
2.40%
ERG
ERG Eolica Campania S.p.A
2.37%
NDX1
Nordex SE
2.25%
LNT
Alliant Energy Corp.
2.14%
Invest with FAN

What is FAN?

First Trust Global Wind Energy ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Funds fees and expenses, of an equity index called the ISE Clean Edge Global Wind Energy Index. Companies in the index universe that are identified as providing goods and services exclusively to the wind energy industry are given an aggregate weight of 66.67% of the index.Those companies determined to be significant participants in the wind energy industry despite not being exclusive to such industry are given an aggregate weight of 33.33% of the index.This weighting is done to ensure that companies that are exclusive to the wind energy industry, which generally have smaller market capitalizations relative to their multi-industry counterparts, are adequately represented in the index. The index uses a modified market capitalization weighted methodology for each group of companies.

ETFs related toFAN

ETFs correlated to FAN include VEA, SCHC, SPDW

FAN
First Trust Exchange-Traded Fund III - First Trust Global Wind Energy ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
RODM
Lattice Strategies Trust - Hartford Multifactor Developed Markets (ex-US) ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe 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 toFAN

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FAN using Composer

FAQ

FAN is a Global Equities ETF. First Trust Global Wind Energy ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Funds fees and expenses, of an equity index called the ISE Clean Edge Global Wind Energy Index. Companies in the index universe that are identified as providing goods and services exclusively to the wind energy industry are given an aggregate weight of 66.67% of the index.Those companies determined to be significant participants in the wind energy industry despite not being exclusive to such industry are given an aggregate weight of 33.33% of the index.This weighting is done to ensure that companies that are exclusive to the wind energy industry, which generally have smaller market capitalizations relative to their multi-industry counterparts, are adequately represented in the index. The index uses a modified market capitalization weighted methodology for each group of companies.

FAN tracks the ISE Clean Edge Global Wind Energy Index.

No, FAN 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, FAN 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 FAN is -0.0637%. This is the percent change in the value of FAN over the most recent 1-month period. The 3-month return on FAN is -0.1267%. This is the percent change in the value of FAN over the most recent 3-month period.

The standard deviation of FAN for the past year is 0.2124%. 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 FAN include PBW, IGF, and ARKK.

ETFs correlated to FAN include VEA, SCHC, and SPDW.

ETFs that are inversely correlated to FAN include EPV, EFZ, 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.