First Trust Water ETF
Find Ratings Reports- Last Ratings Update:01/31/2024
- Price as of 01/31/2024 :$91.77
- Net Assets:$0 Million
- NAV:$93.42
- Premium-1.77%
- Peer Rank:227 of 398
- Investment Rating:B-
- Performance:B-
- RiskC+
We rate First Trust Water at B-. Positive factors that influence this rating include a well above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.
Total return ranks very high in comparison with peers over the last three years. The First Trust Water has returned an annual rate of 10.40% since inception. More recently, the fund has generated a total return of 14.52% in the last five years, 7.85% in the last three years, and 9.53% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 93% of them. It has also outpaced 77% of its competitors on a three year basis and 67% of them over the last year for the period ending 1/31/2024. On a year to date basis, FIW has returned -1.49%.
Downside risk has been below average. FIW has a draw down risk of -24.26%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 21.7%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 1/31/2024, the fund was trading at a price of $91.77, which is 3.2% below its 52-week high of $94.83 and 1.3% above its 52-week low of $90.63.
Low expense ratio helps performance. As FIW is an exchange traded fund, it has no front end or back end load.
The First Trust Water is managed by David G. McGarel at First Trust Advisors LP. This fund is one of 195 First Trust Advisors LP exchange-traded funds launched since 8/19/2003 that we track.