RNEM vs. IXP ETF Comparison
Comparison of First Trust Emerging Markets Equity Select ETF (RNEM) to iShares Global Telecom ETF (IXP)
RNEM
First Trust Emerging Markets Equity Select ETF
RNEM Description
The Emerging Markets Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze Emerging Markets Equity Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").
Grade (RS Rating)
Last Trade
$51.17
Average Daily Volume
1,161
8
IXP
iShares Global Telecom ETF
IXP Description
The investment seeks to track the investment results of an index composed of global equities in the telecommunications sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P Global 1200 Telecommunications Sector IndexTM, which measures the performance of companies that S&P Dow Jones Indices LLC ("S&P"), deems to be part of the telecommunications sector of the economy and that S&P believes are important to global markets. The fund is non-diversified.Grade (RS Rating)
Last Trade
$96.31
Average Daily Volume
13,114
24
Performance
| Period | RNEM | IXP |
|---|---|---|
| 30 Days | -5.12% | 2.23% |
| 60 Days | -5.66% | 4.71% |
| 90 Days | -4.41% | 7.11% |
| 12 Months | 4.62% | 32.52% |
1 Overlapping Holdings
| Symbol | Grade | Weight in RNEM | Weight in IXP | Overlap | |
|---|---|---|---|---|---|
| CHT | C | 0.39% | 0.34% | 0.34% |
RNEM Underweight 23 Positions Relative to IXP
| Symbol | Grade | Weight | |
|---|---|---|---|
| META | C | -22.4% | |
| GOOGL | B | -12.94% | |
| GOOG | B | -10.69% | |
| NFLX | A | -5.0% | |
| DIS | B | -4.88% | |
| VZ | C | -3.94% | |
| CMCSA | B | -3.88% | |
| T | A | -3.8% | |
| TMUS | B | -2.7% | |
| EA | A | -0.91% | |
| CHTR | B | -0.88% | |
| TTWO | A | -0.68% | |
| BIDU | F | -0.56% | |
| WBD | B | -0.48% | |
| LYV | A | -0.47% | |
| OMC | C | -0.44% | |
| NWSA | B | -0.25% | |
| IPG | F | -0.24% | |
| FOXA | B | -0.24% | |
| MTCH | F | -0.19% | |
| PARA | D | -0.15% | |
| FOX | A | -0.13% | |
| NWS | A | -0.08% |
RNEM: Top Represented Industries & Keywords
IXP: Top Represented Industries & Keywords
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