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ETFs

First Trust Exchange-Traded Fund VI Small Cap US Equity Select ETF

RNSC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 20 2017
Expense Ratio
0.60%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$83,257
AUM
$26,712,050
Associated Index
Nasdaq Riskalyze US Small Cap Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NRC
National Research Corp
3.38%
PDCO
Patterson Companies Inc.
2.75%
USPH
U.S. Physical Therapy, Inc.
2.43%
ATRI
Atrion Corp.
2.35%
CNMD
Conmed Corp.
2.30%
EMBC
Embecta Corp
2.17%
XRX
Xerox Holdings Corp
1.61%
CSGS
CSG Systems International Inc.
1.45%
PRGS
Progress Software Corp.
1.44%
CTS
CTS Corp.
1.43%
Invest with RNSC

What is RNSC?

The Small Cap US Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Nasdaq Riskalyze Small Cap US Equity Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Nasdaq Riskalyze US Small Cap Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of dividend-paying US small cap securities.

ETFs related toRNSC

ETFs correlated to RNSC include IJR, SPSM, DGRS

RNSC
First Trust Exchange-Traded Fund III - First Trust Small Cap US Equity Select ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF
DGRS
WisdomTree Trust - WisdomTree U.S. SmallCap Quality Dividend Growth Fund
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
IJS
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Value ETF
SLYV
SPDR Series Trust - SPDR S&P 600 Small Cap Value ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
VIOV
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Value ETF
DES
WisdomTree Trust - WisdomTree U.S. SmallCap Dividend 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.

Automated Strategies
Related toRNSC

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with RNSC using Composer

FAQ

RNSC is a US Equities ETF. The Small Cap US Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Nasdaq Riskalyze Small Cap US Equity Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Nasdaq Riskalyze US Small Cap Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of dividend-paying US small cap securities.

RNSC tracks the Nasdaq Riskalyze US Small Cap Index.

No, RNSC 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, RNSC 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 RNSC is -0.0342%. This is the percent change in the value of RNSC over the most recent 1-month period. The 3-month return on RNSC is -0.0201%. This is the percent change in the value of RNSC over the most recent 3-month period.

The standard deviation of RNSC for the past year is 0.2081%. 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 RNSC include VIG, VYM, and DFAT.

ETFs correlated to RNSC include IJR, SPSM, and DGRS.

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

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.