First Trust Dow 30 Equal Weight ETF (EDOW) Research
The First Trust Dow 30 Equal Weight ETF is engineered to replicate the financial performance, encompassing both price appreciation and dividend income, of the Dow Jones Industrial Average Equal Weight Index, before factoring in the ETF's own fees and expenses. To achieve this objective, the Fund typically allocates at least 90% of its net assets, including any capital acquired through borrowing, directly into the common stocks that constitute this underlying index. Employing a passive indexing strategy, the ETF endeavors to mirror the Index's returns prior to any deductions for operational costs. The investment management team targets a strong alignment, aiming for a correlation of 0.95 or higher between the Fund's performance and the Index, acknowledging that a perfect correlation would be represented by a figure of 1.00.
Market snapshot
- Symbol
- EDOW
- Price
- $43.76
- Day change
- +0.18%
- Market cap
- $233.3M
- 52-week range
- 36.75-44.43
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
- Avantis Responsible International Equity ETF (AVSD)
- Innovator Laddered Allocation Buffer ETF (BUFB)
- Convergence Long/Short Equity ETF (CLSE)
- Calvert International Responsible Index ETF (CVIE)
- Janus Henderson Small Cap Growth Alpha ETF (JSML)
- Invesco Biotechnology & Genome ETF (PBE)
- Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD)
- Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS)
Open First Trust Dow 30 Equal Weight ETF (EDOW) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.