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ETFs

First Trust Exchange-Traded Fund VI First Trust Nasdaq Semiconductor ETF

FTXL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 20 2016
Expense Ratio
0.60%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$5,290,579
AUM
$1,111,362,632
Associated Index
Nasdaq US Smart Semiconductor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

INTC
Intel Corp.
8.44%
TXN
Texas Instruments Inc.
8.27%
QCOM
Qualcomm, Inc.
8.16%
AVGO
Broadcom Inc
7.79%
AMAT
Applied Materials Inc.
7.73%
MU
Micron Technology Inc.
4.27%
ADI
Analog Devices Inc.
4.19%
NXPI
NXP Semiconductors NV
4.15%
ON
ON Semiconductor Corp.
4.13%
MCHP
Microchip Technology, Inc.
4.09%
Invest with FTXL

What is FTXL?

The First Trust Nasdaq Semiconductor 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 Nasdaq US Smart Semiconductor Index. The Nasdaq US Smart Sector Index Family tracks a number of United States (US) economic sectors and selects securities for each sector based upon liquidity and then ranks the securities based on a three factor methodology incorporating volatility, value and growth. The Nasdaq US Smart Sector Index Family is a modified factor weighted index. The value of the Index equals the aggregate value of the Index share weights, also known as the Index Shares, of each of the Index Securities multiplied by each such security s Last Sale Price, and divided by the divisor of the Index. The divisor serves the purpose of scaling such aggregate value to a lower order of magnitude which is more desirable for reporting purposes. The Indexes began on July 8, 2016 at a base value of 1000. Index eligibility is limited to specific security types only. The security types eligible for the Index include common stocks, ordinary shares, depositary receipts (both American and Global), depositary shares, shares of beneficial interest or limited partnership interests and tracking stocks.

ETFs related toFTXL

ETFs correlated to FTXL include SOXX, SOXL, PSI

FTXL
First Trust Exchange-Traded Fund III - First Trust Nasdaq Semiconductor ETF
SOXX
BlackRock Institutional Trust Company N.A. - iShares Semiconductor ETF
SOXL
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X Shares
PSI
Invesco Capital Management LLC - Invesco Semiconductors ETF
SOXQ
Invesco Exchange-Traded Fund Trust II - Invesco PHLX Semiconductor ETF
SMH
VanEck ETF Trust - VanEck Semiconductor ETF
XSD
SPDR Series Trust - SPDR Semiconductors ETF
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF
RSPT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology ETF
USD
ProShares Trust - ProShares Ultra Semiconductors 2X Shares
TDIV
First Trust Exchange-Traded Fund III - First Trust ETF VI First Trust NASDAQ Technology Dividend Index Fund

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

FTXL is a US Equities ETF. The First Trust Nasdaq Semiconductor 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 Nasdaq US Smart Semiconductor Index. The Nasdaq US Smart Sector Index Family tracks a number of United States (US) economic sectors and selects securities for each sector based upon liquidity and then ranks the securities based on a three factor methodology incorporating volatility, value and growth. The Nasdaq US Smart Sector Index Family is a modified factor weighted index. The value of the Index equals the aggregate value of the Index share weights, also known as the Index Shares, of each of the Index Securities multiplied by each such security s Last Sale Price, and divided by the divisor of the Index. The divisor serves the purpose of scaling such aggregate value to a lower order of magnitude which is more desirable for reporting purposes. The Indexes began on July 8, 2016 at a base value of 1000. Index eligibility is limited to specific security types only. The security types eligible for the Index include common stocks, ordinary shares, depositary receipts (both American and Global), depositary shares, shares of beneficial interest or limited partnership interests and tracking stocks.

FTXL tracks the Nasdaq US Smart Semiconductor Index.

No, FTXL 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, FTXL 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 FTXL is -0.0187%. This is the percent change in the value of FTXL over the most recent 1-month period. The 3-month return on FTXL is -0.0175%. This is the percent change in the value of FTXL over the most recent 3-month period.

The standard deviation of FTXL for the past year is 0.3278%. 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 FTXL include XLI, XLY, and XLV.

ETFs correlated to FTXL include SOXX, SOXL, and PSI.

ETFs that are inversely correlated to FTXL include SOXS, HIBS, and TECS.

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.