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ETFs

Alger Mid Cap 40 ETF

FRTY
$--
Today’s Change
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Snapshot
*

Inception Date
Mar 01 2021
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Alger
Volume (1m avg. daily)
$82,731
AUM
$26,249,457
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View
Invest with FRTY

What is FRTY?

Alger Mid Cap 40 ETF primarily invests in a focused portfolio of approximately 40 holdings of mid cap companies identified through our fundamental research as demonstrating promising growth potential. The Fund will not invest more than 25% of its total assets in any one industry comprising the information technology and healthcare sectors. As a focus fund, the Fund intends to invest a substantial portion of its assets in a smaller number of issuers. The Fund is a non-diversified and non-transparent, actively managed exchange-traded fund ( ETF ) that does not seek to replicate the performance of a specified index.

ETFs related toFRTY

ETFs correlated to FRTY include LGRO, GAUG, XAUG

FRTY
Alger Funds - Alger Mid Cap 40 ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
CVRD
Madison ETFs Trust - Madison Covered Call ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services 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 toFRTY

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with FRTY using Composer

FAQ

FRTY is a US Equities ETF. Alger Mid Cap 40 ETF primarily invests in a focused portfolio of approximately 40 holdings of mid cap companies identified through our fundamental research as demonstrating promising growth potential. The Fund will not invest more than 25% of its total assets in any one industry comprising the information technology and healthcare sectors. As a focus fund, the Fund intends to invest a substantial portion of its assets in a smaller number of issuers. The Fund is a non-diversified and non-transparent, actively managed exchange-traded fund ( ETF ) that does not seek to replicate the performance of a specified index.

Yes, FRTY is actively 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.

No, FRTY is not passively managed. It is actively 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 FRTY is -0.0299%. This is the percent change in the value of FRTY over the most recent 1-month period. The 3-month return on FRTY is -0.0312%. This is the percent change in the value of FRTY over the most recent 3-month period.

The standard deviation of FRTY for the past year is 0.2332%. 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 FRTY include VIG, VYM, and DFAS.

ETFs correlated to FRTY include LGRO, GAUG, and XAUG.

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

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.