First Trust Semi Deviation

First Trust Japan AlphaDEX ETF -- USA Etf  

USD 62.54  0.41  0.66%

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First Trust Japan AlphaDEX ETF has current Semi Deviation of 0.3601. Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level.
First Trust 
Semi Deviation 
=  
SQRT(SV) 
 = 
0.3601
SQRT =   Square root notation
SV =   First Trust semi variance of returns over selected period

Semi Deviation Comparison

First Trust Japan AlphaDEX ETF is rated # 3 ETF in semi deviation as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  7.15  of Maximum Drawdown per Semi Deviation. The ratio of Maximum Drawdown to Semi Deviation for First Trust Japan AlphaDEX ETF is roughly  7.15 
Semideviation is the square root of semi variance. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
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The investment seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ AlphaDEX Japan Index. more
NameFirst Trust Japan AlphaDEX ETF
Macroaxis Advice
InstrumentUSA Etf ETF Directory
RegionAsia-Pacific
Investment IssuerFirst Trust
ExchangeNASDAQ General Markets
CurrencyUSD - US Dollar
IssuerFirst Trust
DescriptionFirst Trust Japan AlphaDEX Fund
Inception Date2011-04-18
BenchmarkDefined Japan USD
Entity TypeRegulated Investment Company
Asset Under Management88 Million
Average Trading Valume39,600
Asset TypeEquity
CategoryBroad Equity
FocusBroad Equity
Market ConcentrationDeveloped Markets
RegionAsia-Pacific
AdministratorBrown Brothers Harriman & Co.
AdvisorFirst Trust Advisors L.P.
CustodianBrown Brothers Harriman & Co.
DistributorFirst Trust Portfolios L.P.
Portfolio ManagerDaniel J. Lindquist, Jon C. Erickson, David G. McGarel, Roger F. Testin, Stan Ueland, Chris A. Peterson
Transfer AgentBrown Brothers Harriman & Co.
Fiscal Year EndDecember 31
ExchangeThe NASDAQ Stock Market LLC
Number of Constituents100.0
Market MakerSusquehanna
Total Expense0.8
Management Fee0.8