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ETFs

First Trust Large Cap Core AlphaDEX Fund

FEX
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Today’s Change
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Snapshot
*

Inception Date
May 08 2007
Expense Ratio
0.59%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$2,608,992
AUM
$1,090,090,162
Associated Index
NASDAQ AlphaDEX Large Cap Core Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MPC
Marathon Petroleum Corp
0.60%
PSX
Phillips 66
0.57%
VLO
Valero Energy Corp.
0.57%
CEG
Constellation Energy Corporation
0.55%
OVV
Ovintiv Inc
0.54%
APO
Apollo Global Management Inc - Ordinary Shares - Class A (New)
0.54%
BG
Bunge Ltd.
0.54%
KEY
Keycorp
0.53%
PKG
Packaging Corp Of America
0.52%
MRO
Marathon Oil Corporation
0.52%
Invest with FEX

What is FEX?

The Fund will seek investment results that correspond generally to the price and yield (before the Fund s fees and expenses) of an equity index called the NASDAQ AlphaDEX Large Cap Core Index(the Index ). The Index is a modified equal dollar-weighted index developed and maintained by The NASDAQ OMX Group, Inc. that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology.

ETFs related toFEX

ETFs correlated to FEX include RSP, AVUS, FNDB

FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 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 toFEX

#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 FEX using Composer

FAQ

FEX is a US Equities ETF. The Fund will seek investment results that correspond generally to the price and yield (before the Fund s fees and expenses) of an equity index called the NASDAQ AlphaDEX Large Cap Core Index(the Index ). The Index is a modified equal dollar-weighted index developed and maintained by The NASDAQ OMX Group, Inc. that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology.

FEX tracks the NASDAQ AlphaDEX Large Cap Core Index.

No, FEX 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, FEX 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 FEX is -0.007%. This is the percent change in the value of FEX over the most recent 1-month period. The 3-month return on FEX is 0.0047%. This is the percent change in the value of FEX over the most recent 3-month period.

The standard deviation of FEX for the past year is 0.1767%. 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 FEX include IVV, MDY, and IJR.

ETFs correlated to FEX include RSP, AVUS, and FNDB.

ETFs that are inversely correlated to FEX include SH, SDS, and SPXU.

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.