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ETFs

First Trust Europe AlphaDEX Fund

FEP
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 18 2011
Expense Ratio
0.80%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,649,464
AUM
$227,800,067
Associated Index
NASDAQ AlphaDEX Europe Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CNA
Centrica plc
1.35%
RR.
Rolls-Royce Holdings Plc
1.26%
MYTIL
Mytilineos S.A.
1.17%
HOT
Hochtief AG
1.05%
III
3i Group plc
1.03%
A2A
A2A Spa
1.01%
EQNR
Equinor ASA
1.00%
ENI
Eni Spa
0.99%
MKS
Marks & Spencer Group
0.97%
SHEL
Shell Plc
0.96%
Invest with FEP

What is FEP?

The First Trust Europe AlphaDEX Fund 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 NASDAQ AlphaDEX Europe Index. The NASDAQ AlphaDEX Europe Index employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ Europe Index. The Index is constructed by ranking the stocks in the NASDAQ Europe Index on growth factors including 3-, 6- and 12-month price appreciation, sales to price and one year sales growth and separately on value factors including book value to price, cash flow to price and return on assets.

ETFs related toFEP

ETFs correlated to FEP include VGK, IEUR, SPEU

FEP
First Trust Exchange-Traded Fund III - First Trust Europe AlphaDEX Fund
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
AVDE
American Century ETF Trust - Avantis International Equity ETF
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
MFDX
Pimco Equity Series - PIMCO RAFI Dynamic Multi-Factor International Equity ETF
DFIV
Dimensional ETF Trust - Dimensional International 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.

FAQ

FEP is a Global Ex. US Equities ETF. The First Trust Europe AlphaDEX Fund 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 NASDAQ AlphaDEX Europe Index. The NASDAQ AlphaDEX Europe Index employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ Europe Index. The Index is constructed by ranking the stocks in the NASDAQ Europe Index on growth factors including 3-, 6- and 12-month price appreciation, sales to price and one year sales growth and separately on value factors including book value to price, cash flow to price and return on assets.

FEP tracks the NASDAQ AlphaDEX Europe Index.

No, FEP 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, FEP 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 FEP is -0.0089%. This is the percent change in the value of FEP over the most recent 1-month period. The 3-month return on FEP is -0.0057%. This is the percent change in the value of FEP over the most recent 3-month period.

The standard deviation of FEP for the past year is 0.2141%. 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 FEP include PBW, IGF, and ARKK.

ETFs correlated to FEP include VGK, IEUR, and SPEU.

ETFs that are inversely correlated to FEP include EPV, EFZ, and FAZ.

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.