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ETFs

First Trust Consumer Discretionary AlphaDEX Fund

FXD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 08 2007
Expense Ratio
0.61%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$4,835,802
AUM
$1,345,292,100
Associated Index
StrataQuant Consumer Discretionary Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CPRI
Capri Holdings Ltd
1.79%
MUSA
Murphy USA Inc
1.68%
DKNG
DraftKings Inc. - Ordinary Shares - Class A
1.60%
UBER
Uber Technologies Inc
1.58%
SPOT
Spotify Technology S.A.
1.49%
LAD
Lithia Motors, Inc. - Ordinary Shares - Class A
1.48%
PHM
PulteGroup Inc
1.46%
UAA
Under Armour Inc - Ordinary Shares - Class A
1.45%
TOL
Toll Brothers Inc.
1.43%
PENN
PENN Entertainment Inc
1.43%
Invest with FXD

What is FXD?

The First Trust Consumer Discretionary 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 fees and expenses of an equity index called the StrataQuant Consumer Discretionary Index.

ETFs related toFXD

ETFs correlated to FXD include RSPD, SCHM, BBMC

FXD
First Trust Exchange-Traded Fund III - First Trust Consumer Discretionary AlphaDEX Fund
RSPD
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Discretionary ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
RWK
Invesco Exchange-Traded Fund Trust II - Invesco S&P MidCap 400 Revenue ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market 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 toFXD

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FXD using Composer

FAQ

FXD is a US Equities ETF. The First Trust Consumer Discretionary 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 fees and expenses of an equity index called the StrataQuant Consumer Discretionary Index.

FXD tracks the StrataQuant Consumer Discretionary Index.

No, FXD 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, FXD 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 FXD is -0.042%. This is the percent change in the value of FXD over the most recent 1-month period. The 3-month return on FXD is -0.0461%. This is the percent change in the value of FXD over the most recent 3-month period.

The standard deviation of FXD for the past year is 0.2183%. 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 FXD include XLI, XLY, and XLV.

ETFs correlated to FXD include RSPD, SCHM, and BBMC.

ETFs that are inversely correlated to FXD include RWM, SRTY, 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.