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ETFs

FT Cboe Vest Technology Dividend Target Income ETF

TDVI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 09 2023
Expense Ratio
0.75%
Type
US Equity Income
Fund Owner
First Trust
Volume (1m avg. daily)
$111,003
AUM
$1,926,038
Associated Index
NASDAQ Technology Dividend Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

IBM
International Business Machines Corp.
8.38%
MSFT
Microsoft Corporation
8.11%
TXN
Texas Instruments Inc.
7.99%
AVGO
Broadcom Inc
7.53%
ORCL
Oracle Corp.
7.10%
QCOM
Qualcomm, Inc.
3.94%
ADI
Analog Devices Inc.
3.36%
RCI
Rogers Communications Inc. - Ordinary Shares - Class B
2.10%
MSI
Motorola Solutions Inc
2.06%
TU
Telus Corp.
2.03%
Invest with TDVI

What is TDVI?

The FT Cboe Vest Technology Dividend 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 Technology Dividend Index and by utilizing an option strategy consisting of writing(selling) U.S. exchange-traded call options on the Nasdaq-100 Index and/or the S&P 500 Index, or exchange-traded funds that track the Nasdaq-100 Index or the S&P 500 Index.

ETFs related toTDVI

ETFs correlated to TDVI include TDIV, RSPT, FXL

TDVI
First Trust Exchange-Traded Fund IV - FT Cboe Vest Technology Dividend Target Income ETF
TDIV
First Trust Exchange-Traded Fund III - First Trust ETF VI First Trust NASDAQ Technology Dividend Index Fund
RSPT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF
TDV
ProShares Trust - ProShares S&P Technology Dividend Aristocrats ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares

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 toTDVI

#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 TDVI using Composer

FAQ

TDVI is a US Equity Income ETF. The FT Cboe Vest Technology Dividend 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 Technology Dividend Index and by utilizing an option strategy consisting of writing(selling) U.S. exchange-traded call options on the Nasdaq-100 Index and/or the S&P 500 Index, or exchange-traded funds that track the Nasdaq-100 Index or the S&P 500 Index.

TDVI tracks the NASDAQ Technology Dividend Index.

TDVI dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, TDVI 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, TDVI 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 TDVI is -0.0017%. This is the percent change in the value of TDVI over the most recent 1-month period. The 3-month return on TDVI is %. This is the percent change in the value of TDVI over the most recent 3-month period.

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

ETFs correlated to TDVI include TDIV, RSPT, and FXL.

ETFs that are inversely correlated to TDVI include TECS, QID, and HIBS.

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.