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ETFs

First Trust Exchange-Traded Fund IV First Trust SSI Strategic Convertible Securities ETF

FCVT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 03 2015
Expense Ratio
0.95%
Type
Global Bonds
Fund Owner
First Trust
Volume (1m avg. daily)
$407,791
AUM
$90,422,062
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
US Dollar
3.23%
ONNN5547451
ON SEMICONDUCTOR CORP Convertible 0.50% due 03/01/2029
2.12%
SNAP5541575
SNAP INC Convertible 0.125% due 03/01/2028
2.05%
PANW5207287
PALO ALTO NETWORKS Convertible 0.375% due 06/01/2025
2.04%
WFC/PR/L
Wells Fargo & Co. - 7.50% PRF PERPETUAL USD 1000 - Cls A Ser L
2.00%
UBRT5323752
UBER TECHNOLOGIES INC Convertible 0% due 12/15/2025
1.65%
DXCM5195221
DEXCOM INC Convertible 0.25% due 11/15/2025
1.42%
FOUR5385384
SHIFT4 PAYMENTS INC Convertible 0% due 12/15/2025
1.19%
RCL5646474
ROYAL CARIBBEAN CRUISES Convertible 6% due 08/15/2025
1.11%
Z4987262
ZILLOW GROUP INC Convertible 2.75% due 05/15/2025
1.11%
Invest with FCVT

What is FCVT?

The First Trust SSI Strategic Convertible Securities ETF is an actively managed exchange-traded fund (ETF) that seeks to deliver total return by investing, under normal market conditions, at least 80% of its net assets in a diversified portfolio of U.S. and non-U.S. convertible securities. Convertible securities are an investment solution for investors seeking income and risk-managed capital appreciation potential. A convertible security is a debt instrument issued by corporations, yet has an embedded conversion option that generally enables the security to be exchanged or converted into a predetermined number of shares of common stock. The fund is actively managed, not index-based, offering the flexibility to strategically adjust market and sector exposure.

ETFs related toFCVT

ETFs correlated to FCVT include IWP, VOT, IMCG

FCVT
First Trust Exchange-Traded Fund IV - First Trust SSI Strategic Convertible Securities ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities ETF
ICVT
BlackRock Institutional Trust Company N.A. - iShares Convertible Bond ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies 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 toFCVT

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FCVT using Composer

FAQ

FCVT is a Global Bonds ETF. The First Trust SSI Strategic Convertible Securities ETF is an actively managed exchange-traded fund (ETF) that seeks to deliver total return by investing, under normal market conditions, at least 80% of its net assets in a diversified portfolio of U.S. and non-U.S. convertible securities. Convertible securities are an investment solution for investors seeking income and risk-managed capital appreciation potential. A convertible security is a debt instrument issued by corporations, yet has an embedded conversion option that generally enables the security to be exchanged or converted into a predetermined number of shares of common stock. The fund is actively managed, not index-based, offering the flexibility to strategically adjust market and sector exposure.

Yes, FCVT 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, FCVT 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 FCVT is -0.0102%. This is the percent change in the value of FCVT over the most recent 1-month period. The 3-month return on FCVT is -0.0293%. This is the percent change in the value of FCVT over the most recent 3-month period.

The standard deviation of FCVT for the past year is 0.1026%. 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 FCVT include QCON, FTGC, and FIXD.

ETFs correlated to FCVT include IWP, VOT, and IMCG.

ETFs that are inversely correlated to FCVT include HIBS, SDS, and SPXS.

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.