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First Trust Multi Cap Value AlphaDEX Fund (FAB) - ETF


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Avg Vol37k
52 wk High49.28
52 wk Low33.22
Inception:May 2007
(as of 2015-10-08)
Total Returns:
1 day1.8%
5 day8.1%
1 month4.7%
3 month-4.6%
6 month-9.5%
9 month-5.8%
1 year-1.6%
Compare Funds:
Correlated Group: US Brd Mkt (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
First Trust Large Cap Value Opportunities AlpFTA0.98  
Guggenheim S&P 500 Pure ValueRPV0.97  
First Trust Mid Cap Core AlphaDEX FundFNX0.96  
iShares S&P MidCap 400 Value Index FundIJJ0.96  
SPDR S&P 400 Mid Cap ValueMDYV0.96  
PowerShares S&P 500 High Beta ETFSPHB0.96  
ALPS Sector Dividend Dogs ETFSDOG0.96  
Schwab Fundmntl U.S. Large Company Index ETFFNDX0.95  
Vanguard Russell 1000 Value ETFVONV0.95  
WisdomTree MidCap Earnings FundEZM0.95  
Least Correlated
Guggenheim BulletShares 2018 Corp Bond ETFBSCI0.03  
SPDR DB Intl Govt Infl-Protected BondWIP0.02  
WisdomTree Bloomberg US Dllr Bullish ETFUSDU0.02  
Vanguard Short-Term Corp Bd Idx ETFVCSH0.02  
iShares Core Short Term US BondISTB0.01  
Guggenheim BulletShares 2019 Corp Bond ETFBSCJ0.00  
iShares Global ex USD High Yield Corp Bd ETFHYXU-0.00  
SPDR Barclays 1-3 Month T-Bill ETFBIL-0.01  
SPDR Barclays Short Term Municipal Bond ETFSHM-0.01  
iShares S&P Short Trm National Muni BondSUB-0.02  
Most Inversely Correlated
Active Bear ETF HDGE-0.90  
ProShares Short Dow 30DOG-0.91  
ProShares UltraPro Short S&P 500SPXU-0.91  
ProShares Short S&P 500SH-0.91  
Proshares UltraShort Dow30DXD-0.91  
ProShares UltraPro Short Dow30SDOW-0.91  
Direxion S&P 500 Bear 3X SharesSPXS-0.91  
Proshares UltraShort S&P500SDS-0.91  
ProShares Short Midcap 400MYY-0.92  
Proshares UltraShort Basic MaterialsSMN-0.92  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2015-10-02.

Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.

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