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ETFs

First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF

HISF
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Aug 13 2014
Expense Ratio
0.87%
Type
Global Hedge Fund
Fund Owner
First Trust
Volume (1m avg. daily)
$149,344
AUM
$30,121,086
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

FIXD
First Trust Exchange-Traded Fund VIII - First Trust TCW Opportunistic Fixed Income ETF
39.48%
HYLS
First Trust Exchange-Traded Fund III - First Trust Tactical High Yield ETF
15.31%
LMBS
First Trust Exchange-Traded Fund III - First Trust Low Duration Opportunities ETF
15.19%
FSIG
First Trust Exchange-Traded Fund IV - First Trust Limited Duration Investment Grade Corporate ETF
15.18%
FPEI
First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
5.14%
FTSM
First Trust Exchange-Traded Fund III - First Trust Enhanced Short Maturity ETF
5.11%
TLT
BlackRock Institutional Trust Company N.A. - iShares 20+ Year Treasury Bond ETF
4.59%
n/a
US Dollar
0.00%
Invest with HISF

What is HISF?

The First Trust High Income Strategic Focus ETF's primary investment objective is to seek risk-adjusted income. The Fund's secondary investment objective is capital appreciation.

ETFs related toHISF

ETFs correlated to HISF include PYLD, IBDY, UNIY

HISF
First Trust Exchange-Traded Fund IV - First Trust High Income Strategic Focus ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
FIXD
First Trust Exchange-Traded Fund VIII - First Trust TCW Opportunistic Fixed Income ETF
GTO
Invesco Capital Management LLC - Invesco Total Return Bond ETF
VCIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Corporate Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
IUSB
BlackRock Institutional Trust Company N.A. - iShares Core Total USD Bond Market ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
SCHI
Schwab Strategic Trust - Schwab 5-10 Year Corporate Bond 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 toHISF

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with HISF using Composer

FAQ

HISF is a Global Hedge Fund ETF. The First Trust High Income Strategic Focus ETF's primary investment objective is to seek risk-adjusted income. The Fund's secondary investment objective is capital appreciation.

Yes, HISF 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, HISF 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 HISF is -0.0094%. This is the percent change in the value of HISF over the most recent 1-month period. The 3-month return on HISF is -0.0181%. This is the percent change in the value of HISF over the most recent 3-month period.

The standard deviation of HISF for the past year is 0.0502%. 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 HISF include PFF, PGF, and PGX.

ETFs correlated to HISF include PYLD, IBDY, and UNIY.

ETFs that are inversely correlated to HISF include PST, TBX, and TTT.

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.