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ETFs

Franklin U.S. Core Dividend Tilt Index ETF

UDIV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 01 2016
Expense Ratio
0.06%
Type
US Equity Income
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$51,337
AUM
$21,658,000
Associated Index
Morningstar US Dividend Enhanced Select Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with UDIV

What is UDIV?

Franklin U.S. Core Dividend Tilt Index ETF (UDIV) will seek to provide investment results that closely correspond, before fees and expenses, to the performance of the Morningstar US Dividend Enhanced Select Index (the Underlying Index). The Underlying Index is a systematic, rules-based proprietary index that is maintained and calculated by Morningstar, Inc. The Underlying Index starts from the Morningstar US Target Market Exposure Index (Parent Index) and aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index (i.e., to provide a "dividend tilt" through the selection and weighting of securities from the Parent Index). The Parent Index targets large- and mid-capitalization U.S. stocks representing the top 85% of the U.S. equity market by float-adjusted market capitalization.

ETFs related toUDIV

ETFs correlated to UDIV include IYY, SCHX, PBUS

UDIV
Franklin Templeton ETF Trust - Franklin U.S. Core Dividend Tilt Index ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 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 toUDIV

#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 UDIV using Composer

FAQ

UDIV is a US Equity Income ETF. Franklin U.S. Core Dividend Tilt Index ETF (UDIV) will seek to provide investment results that closely correspond, before fees and expenses, to the performance of the Morningstar US Dividend Enhanced Select Index (the Underlying Index). The Underlying Index is a systematic, rules-based proprietary index that is maintained and calculated by Morningstar, Inc. The Underlying Index starts from the Morningstar US Target Market Exposure Index (Parent Index) and aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index (i.e., to provide a "dividend tilt" through the selection and weighting of securities from the Parent Index). The Parent Index targets large- and mid-capitalization U.S. stocks representing the top 85% of the U.S. equity market by float-adjusted market capitalization.

UDIV tracks the Morningstar US Dividend Enhanced Select Index.

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

No, UDIV 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, UDIV 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 UDIV is -0.0088%. This is the percent change in the value of UDIV over the most recent 1-month period. The 3-month return on UDIV is 0.0017%. This is the percent change in the value of UDIV over the most recent 3-month period.

The standard deviation of UDIV for the past year is 0.1788%. 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 UDIV include VIG, VYM, and DFAS.

ETFs correlated to UDIV include IYY, SCHX, and PBUS.

ETFs that are inversely correlated to UDIV include SDS, SPDN, and SPXS.

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.