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ETFs

First Trust Small Cap Growth AlphaDEX Fund

FYC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 19 2011
Expense Ratio
0.71%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$1,385,443
AUM
$232,566,112
Associated Index
NASDAQ AlphaDEX Small Cap Growth Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CEIX
Consol Energy Inc
0.96%
SPHR
Sphere Entertainment Co - Ordinary Shares - Class A
0.92%
MOD
Modine Manufacturing Co.
0.92%
RELY
Remitly Global Inc
0.91%
HLX
Helix Energy Solutions Group Inc
0.84%
PR
Permian Resources Corp - Ordinary Shares - Class A
0.83%
HURN
Huron Consulting Group Inc
0.83%
CNX
CNX Resources Corp
0.83%
TDW
Tidewater Inc. - Ordinary Shares - New
0.82%
SOVO
Sovos Brands Inc
0.80%
Invest with FYC

What is FYC?

The Fund will seek investment results that correspond generally to the price and yield (before the Fund s fees and expenses) of an equity index called the NASDAQ AlphaDEX Small Cap Growth Index (the Index ). The Index is a modified equal dollar-weighted index developed and maintained by The NASDAQ OMX Group, Inc. that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. The NASDAQ AlphaDEX Small Cap Growth Index is an enhanced index created and administered by Nasdaq, Inc. ( Nasdaq ) which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 700 Small Cap Growth Index that meet certain criteria. Nasdaq constructs the NASDAQ AlphaDEX Small Cap Growth Index by ranking the eligible stocks from the NASDAQ US 700 Small Cap 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. Each stock receives either its growth or value score as it s selection score based on it s style designation as determined by Nasdaq. The top 262 stocks based on the selection score determined in the previous step comprise the selected stocks . The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile. The index is reconstituted and rebalanced quarterly.

ETFs related toFYC

ETFs correlated to FYC include IWO, VTWG, TNA

FYC
First Trust Exchange-Traded Fund III - First Trust Small Cap Growth AlphaDEX Fund
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index ETF
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
BBSC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Small Cap Equity ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap 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 toFYC

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with FYC using Composer

FAQ

FYC is a US Equities ETF. The Fund will seek investment results that correspond generally to the price and yield (before the Fund s fees and expenses) of an equity index called the NASDAQ AlphaDEX Small Cap Growth Index (the Index ). The Index is a modified equal dollar-weighted index developed and maintained by The NASDAQ OMX Group, Inc. that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. The NASDAQ AlphaDEX Small Cap Growth Index is an enhanced index created and administered by Nasdaq, Inc. ( Nasdaq ) which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 700 Small Cap Growth Index that meet certain criteria. Nasdaq constructs the NASDAQ AlphaDEX Small Cap Growth Index by ranking the eligible stocks from the NASDAQ US 700 Small Cap 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. Each stock receives either its growth or value score as it s selection score based on it s style designation as determined by Nasdaq. The top 262 stocks based on the selection score determined in the previous step comprise the selected stocks . The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally-weighted within each quintile. The index is reconstituted and rebalanced quarterly.

FYC tracks the NASDAQ AlphaDEX Small Cap Growth Index.

No, FYC 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, FYC 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 FYC is -0.0395%. This is the percent change in the value of FYC over the most recent 1-month period. The 3-month return on FYC is -0.0236%. This is the percent change in the value of FYC over the most recent 3-month period.

The standard deviation of FYC for the past year is 0.2175%. 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 FYC include VTV, VUG, and IVW.

ETFs correlated to FYC include IWO, VTWG, and TNA.

ETFs that are inversely correlated to FYC include SRTY, TWM, 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.