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ETFs

First Trust Water ETF

FIW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 08 2007
Expense Ratio
0.53%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$3,805,671
AUM
$1,337,749,166
Associated Index
ISE Clean Edge Water Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ROP
Roper Technologies Inc
4.25%
WAT
Waters Corp.
4.11%
AWK
American Water Works Co. Inc.
4.09%
DHR
Danaher Corp.
4.02%
ECL
Ecolab, Inc.
4.01%
FERG
Ferguson Plc.
4.00%
A
Agilent Technologies Inc.
3.95%
IEX
Idex Corporation
3.92%
XYL
Xylem Inc
3.77%
WTRG
Essential Utilities Inc
3.69%
Invest with FIW

What is FIW?

The First Trust Water 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 fees and expenses, of an equity index called the ISE Clean Edge Water Index. The ISE Clean Edge Water Index is a modified market capitalization-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the potable and wastewater industry. The Index begins by establishing the total population of stocks in the potable and wastewater industry and eliminates stocks which do not meet the Indexs baseline eligibility requirements. To meet Index eligibility, a stock must satisfy market capitalization, liquidity and weighting concentration requirements. The Index selects the top 36 stocks in the industry by market capitalization.

ETFs related toFIW

ETFs correlated to FIW include PHO, TPLC, CGW

FIW
First Trust Exchange-Traded Fund III - First Trust Water ETF
PHO
Invesco Capital Management LLC - Invesco Water Resources ETF
TPLC
Timothy Plan - Timothy Plan US Large/Mid Cap Core ETF
CGW
Invesco Capital Management LLC - Invesco S&P Global Water Index ETF
IFRA
BlackRock Institutional Trust Company N.A. - iShares U.S. Infrastructure ETF
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
NOBL
ProShares Trust - ProShares S&P 500 Dividend Aristocrats ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
MDYG
SPDR Series Trust - SPDR S&P 400 Mid Cap Growth ETF
OUSM
OSI ETF Trust - ALPS O'Shares U.S. Small-Cap Quality Dividend ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap 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

FIW is a Global Equities ETF. The First Trust Water 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 fees and expenses, of an equity index called the ISE Clean Edge Water Index. The ISE Clean Edge Water Index is a modified market capitalization-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the potable and wastewater industry. The Index begins by establishing the total population of stocks in the potable and wastewater industry and eliminates stocks which do not meet the Indexs baseline eligibility requirements. To meet Index eligibility, a stock must satisfy market capitalization, liquidity and weighting concentration requirements. The Index selects the top 36 stocks in the industry by market capitalization.

FIW tracks the ISE Clean Edge Water Index.

No, FIW 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, FIW 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 FIW is -0.0424%. This is the percent change in the value of FIW over the most recent 1-month period. The 3-month return on FIW is -0.0321%. This is the percent change in the value of FIW over the most recent 3-month period.

The standard deviation of FIW for the past year is 0.1983%. 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 FIW include PBW, IGF, and ARKK.

ETFs correlated to FIW include PHO, TPLC, and CGW.

ETFs that are inversely correlated to FIW include TZA, RWM, and TWM.

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.