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First Trust Multi Cap Value AlphaDEX Fund (FAB)

     3mo     6mo     1yr
Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Avg Vol26k
52 wk High48.05
52 wk Low40.95
Inception:May 2007
(as of 2014-10-31)
Total Returns:
1 day1.4%
5 day3.2%
1 month4.5%
3 month2.0%
6 month3.1%
9 month13.2%
1 year11.1%
Compare Funds:
Correlated Group: US Brd Mkt (View cGroup) (All Groups)


Correlated Funds

Most Correlated Inverse/Least Correlated
iShares S&P MidCap 400 Value Index FundIJJ0.96Proshares UltraShort Russell2000TWM-0.88
Vanguard Small-Cap ValueVBR0.96Direxion Small Cap Bear 3X SharesTZA-0.88
ProShares UltraPro MidCap400UMDD0.96Proshares UltraShort S&P500SDS-0.89
ProShares Ultra Midcap 400MVV0.96Direxion S&P 500 Bear 3X SharesSPXS-0.89
First Trust Mid Cap Core AlphaDEX FundFNX0.96ProShares Short S&P 500SH-0.89
iShares Core S&P Mid-Cap ETFIJH0.95ProShares UltraPro Short S&P 500SPXU-0.90
Direxion Daily Mid Cap Bull 3X ShareMIDU0.95ProShares Short Midcap 400MYY-0.95
MidCap SPDRMDY0.95Proshares UltraShort Midcap 400MZZ-0.95
WisdomTree MidCap Earnings FundEZM0.95Direxion Daily Mid Cap Bear 3X SharesMIDZ-0.96
iShares Morningstar Small Value Index FundJKL0.95ProShares UltraPro Short MidCap400SMDD-0.96
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: 2014-10-24.

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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