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ETFs

FT Cboe Vest SMID Rising Dividend Achievers Target Income ETF

SDVD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 09 2023
Expense Ratio
0.85%
Type
US Equity Income
Fund Owner
First Trust
Volume (1m avg. daily)
$100,556
AUM
$2,754,036
Associated Index
Nasdaq US Small-Mid Cap Rising Dividend Achievers Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CALM
Cal-Maine Foods, Inc.
1.08%
TPL
Texas Pacific Land Corporation
1.07%
UNM
Unum Group
1.06%
STLD
Steel Dynamics Inc.
1.05%
RGR
Sturm, Ruger & Co., Inc.
1.04%
MATX
Matson Inc
1.04%
BCC
Boise Cascade Co
1.03%
OLED
Universal Display Corp.
1.03%
AMKR
AMKOR Technology Inc.
1.03%
WSO
Watsco Inc. - Ordinary Shares - Class A
1.03%
Invest with SDVD

What is SDVD?

The FT Cboe Vest SMID Rising Dividend Achievers Target Income ETF (the Fund) seeks to provide investors with current income with a secondary objective of providing capital appreciation. Under normal market conditions, the Fund will pursue its investment objective by investing primarily in U.S. exchange-traded equity securities contained in the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index and by utilizing an option strategy consisting of writing (selling) U.S. exchange-traded call options on the Russell 2000 Index, or exchange-traded funds that track the Russell 2000 Index.

ETFs related toSDVD

ETFs correlated to SDVD include SDVY, DFAT, AVUV

SDVD
First Trust Exchange-Traded Fund IV - FT Cboe Vest SMID Rising Dividend Achievers Target Income ETF
SDVY
First Trust Exchange-Traded Fund VI - First Trust SMID Cap Rising Dividend Achievers ETF
DFAT
Dimensional ETF Trust - Dimensional U.S. Targeted Value ETF
AVUV
American Century ETF Trust - Avantis U.S. Small Cap Value ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
DFSV
Dimensional ETF Trust - Dimensional US Small Cap Value ETF
DES
WisdomTree Trust - WisdomTree U.S. SmallCap Dividend Fund
VFVA
Vanguard Group, Inc. - Vanguard U.S. Value Factor ETF
IWN
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Value ETF
FYX
First Trust Exchange-Traded Fund III - First Trust Small Cap Core AlphaDEX Fund
EZM
WisdomTree Trust - WisdomTree U.S. MidCap 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 toSDVD

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#SAM

Spread Across the Market

Category

Getting Defensive, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with SDVD using Composer

FAQ

SDVD is a US Equity Income ETF. The FT Cboe Vest SMID Rising Dividend Achievers Target Income ETF (the Fund) seeks to provide investors with current income with a secondary objective of providing capital appreciation. Under normal market conditions, the Fund will pursue its investment objective by investing primarily in U.S. exchange-traded equity securities contained in the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index and by utilizing an option strategy consisting of writing (selling) U.S. exchange-traded call options on the Russell 2000 Index, or exchange-traded funds that track the Russell 2000 Index.

SDVD tracks the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index.

SDVD dividend information: Dividend - Regular Payors. Dividend payouts may vary in terms of frequency of payouts.

No, SDVD 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, SDVD 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 SDVD is -0.0172%. This is the percent change in the value of SDVD over the most recent 1-month period. The 3-month return on SDVD is %. This is the percent change in the value of SDVD over the most recent 3-month period.

ETFs similar to SDVD include VIG, VYM, and DFAS.

ETFs correlated to SDVD include SDVY, DFAT, and AVUV.

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

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.