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ETFs

First Trust Japan AlphaDEX Fund

FJP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 18 2011
Expense Ratio
0.80%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$850,922
AUM
$190,550,103
Associated Index
NASDAQ AlphaDEX Japan Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

9107
Kawasaki Kisen Kaisha Ltd
2.30%
1605
Inpex Corporation
2.11%
9101
Nippon Yusen Kabushiki Kaisha
1.96%
9104
Mitsui O S K Lines Ltd.
1.95%
7261
Mazda Motor Corporation
1.92%
7211
Mitsubishi Motors Corporation
1.92%
8015
Toyota Tsusho Corporation
1.89%
5401
Nippon Steel Corporation
1.85%
9503
Kansai Electric Power Company Incorporated
1.84%
5019
Idemitsu Kosan Co.Ltd
1.84%
Invest with FJP

What is FJP?

The First Trust Japan 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 Japan Index. The NASDAQ AlphaDEX Japan Index is an "enhanced" index created and administered by The NASDAQ OMX Group, Inc. ("NASDAQ") which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ Japan Index that meet certain criteria. NASDAQ constructs the NASDAQ AlphaDEX Japan Index by ranking the eligible stocks from the NASDAQ Japan 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. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style.

ETFs related toFJP

ETFs correlated to FJP include EWJV, FLJP, BBJP

FJP
First Trust Exchange-Traded Fund III - First Trust Japan AlphaDEX Fund
EWJV
iShares Trust - iShares MSCI Japan Value ETF
FLJP
Franklin Templeton ETF Trust - Franklin FTSE Japan ETF
BBJP
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Japan ETF
EWJ
BlackRock Institutional Trust Company N.A. - iShares MSCI Japan ETF
DFJ
WisdomTree Trust - WisdomTree Japan SmallCap Dividend Fund
SCJ
BlackRock Institutional Trust Company N.A. - iShares MSCI Japan Small-Cap ETF
IPAC
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Pacific ETF
VPL
Vanguard Group, Inc. - Vanguard FTSE Pacific ETF
JPIN
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return International Equity ETF
FNDC
Schwab Strategic Trust - Schwab Fundamental International Small Company Index 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 toFJP

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FJP using Composer

FAQ

FJP is a Global Ex. US Equities ETF. The First Trust Japan 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 Japan Index. The NASDAQ AlphaDEX Japan Index is an "enhanced" index created and administered by The NASDAQ OMX Group, Inc. ("NASDAQ") which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ Japan Index that meet certain criteria. NASDAQ constructs the NASDAQ AlphaDEX Japan Index by ranking the eligible stocks from the NASDAQ Japan 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. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style.

FJP tracks the NASDAQ AlphaDEX Japan Index.

No, FJP 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, FJP 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 FJP is 0.065%. This is the percent change in the value of FJP over the most recent 1-month period. The 3-month return on FJP is 0.0974%. This is the percent change in the value of FJP over the most recent 3-month period.

The standard deviation of FJP for the past year is 0.1852%. 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 FJP include EWZ, EWW, and EWT.

ETFs correlated to FJP include EWJV, FLJP, and BBJP.

ETFs that are inversely correlated to FJP include EFZ, EPV, and TZA.

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.