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ETFs

First Trust Asia Pacific ex-Japan AlphaDEX Fund

FPA
$--
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)
$13,566
AUM
$16,809,051
Associated Index
NASDAQ AlphaDEX Asia Pacific ex-Japan Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with FPA

What is FPA?

The First Trust Asia Pacific Ex-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 Asia Pacific ex-Japan Index. The NASDAQ AlphaDEX Asia Pacific Ex-Japan Index employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ Asia Pacific Ex-Japan Index. The Index is constructed by ranking the stocks in the NASDAQ Asia Pacific Ex-Japan Index separately on growth and value factors.

ETFs related toFPA

ETFs correlated to FPA include EEMS, DGS, KORU

FPA
First Trust Exchange-Traded Fund III - First Trust Asia Pacific ex-Japan AlphaDEX Fund
EEMS
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets Small-Cap ETF
DGS
WisdomTree Trust - WisdomTree Emerging Markets SmallCap Dividend Fund
KORU
Direxion Shares ETF Trust - Direxion Daily South Korea Bull 3X Shares
FDT
First Trust Exchange-Traded Fund III - First Trust Developed Markets ex-US AlphaDEX Fund
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
EMXC
BlackRock Institutional Trust Company N.A. - IShares MSCI Emerging Markets ex China ETF
EWY
BlackRock Institutional Trust Company N.A. - iShares MSCI South Korea ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
EMC
Global X Funds - Global X Emerging Markets Great Consumer 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

FPA is a Global Ex. US Equities ETF. The First Trust Asia Pacific Ex-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 Asia Pacific ex-Japan Index. The NASDAQ AlphaDEX Asia Pacific Ex-Japan Index employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ Asia Pacific Ex-Japan Index. The Index is constructed by ranking the stocks in the NASDAQ Asia Pacific Ex-Japan Index separately on growth and value factors.

FPA tracks the NASDAQ AlphaDEX Asia Pacific ex-Japan Index.

No, FPA 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, FPA 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 FPA is -0.026%. This is the percent change in the value of FPA over the most recent 1-month period. The 3-month return on FPA is -0.0346%. This is the percent change in the value of FPA over the most recent 3-month period.

The standard deviation of FPA for the past year is 0.2593%. 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 FPA include PBW, IGF, and ARKK.

ETFs correlated to FPA include EEMS, DGS, and KORU.

ETFs that are inversely correlated to FPA include EDZ, EFZ, and EPV.

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.