FPA vs. ROIS ETF Comparison
Comparison of First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) to Hartford Multifactor International Small Company ETF (ROIS)
FPA
First Trust Asia Pacific ex-Japan AlphaDEX Fund
FPA Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Asia Pacific Ex-Japan Index. The fund normally invests at least 90% of its net assets plus the amount of any borrowings for investment purposes in stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Asia Pacific Ex-Japan BMI Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$29.70
Average Daily Volume
892
6
ROIS
Hartford Multifactor International Small Company ETF
ROIS Description
ROIS tracks an index to seek enhanced returns on a universe of small-cap, developed and emerging market stocks outside the US, while reducing volatility by up to 15% over a complete market cycle. It aims to achieve this through an optimization process of selecting stocks from eligible companies based on three factors, mainly value, momentum, and quality, along with meaningful single-stock size caps and volatility and sector constraints at the portfolio level. Those with the highest combined factor scores are included in the fund. This strategy seeks positive portfolio-level exposure to multiple factors relative to the initial capitalization-weighted universe. Typically, the index is expected to include 250 to 300 components, and is rebalanced and reconstituted semi-annually.Grade (RS Rating)
Last Trade
$49.76
Average Daily Volume
105
4
Performance
Period | FPA | ROIS |
---|---|---|
30 Days | -1.37% | -4.10% |
60 Days | -2.04% | -0.29% |
90 Days | 3.49% | -0.29% |
12 Months | 19.77% |
1 Overlapping Holdings
Symbol | Grade | Weight in FPA | Weight in ROIS | Overlap | |
---|---|---|---|---|---|
KT | A | 1.37% | 0.97% | 0.97% |
FPA: Top Represented Industries & Keywords
ROIS: Top Represented Industries & Keywords