- Issuer
- First Trust
- Inception Date
- Aug 22, 2023
- Category
- Large Cap Value Equities, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500 Sector-Neutral FCF Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $1M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FCFY Performance Chart
First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) is down 2.4% since the beginning of the year. FCFY is currently trading at $27 per share.
Loading charts...
Returns By Period
First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) has returned -2.44% so far this year and 13.16% over the past 12 months.
First Trust S&P 500 Diversified Free Cash Flow ETF
- 1D
- 0.03%
- 1M
- -3.87%
- YTD
- -2.44%
- 6M
- -3.70%
- 1Y
- 13.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FCFY Monthly Returns History
Based on dividend-adjusted daily data since Aug 24, 2023, FCFY's average daily return is +0.05%, while the average monthly return is +1.07%. At this rate, an investment would double in approximately 5.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2023 with a return of +8.7%, while the worst month was Apr 2024 at -6.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FCFY closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +9.7%, while the worst single day was Apr 3, 2025 at -7.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.81% | -1.75% | -4.57% | 6.41% | 5.86% | -5.91% | -2.44% | ||||||
| 2025 | 4.83% | -1.96% | -5.63% | -3.35% | 4.75% | 5.89% | 1.99% | 5.07% | 1.45% | -0.35% | 0.22% | 3.42% | 16.76% |
| 2024 | -0.70% | 2.83% | 5.03% | -6.49% | 2.34% | 0.67% | 6.75% | 0.88% | 1.41% | -2.81% | 7.09% | -5.25% | 11.28% |
| 2023 | 2.20% | -3.88% | -3.28% | 8.74% | 7.49% | 11.06% |
Benchmark Metrics
First Trust S&P 500 Diversified Free Cash Flow ETF has an annualized alpha of -4.50%, beta of 0.93, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since August 24, 2023.
- This ETF participated in 131.20% of S&P 500 Index downside but only 91.15% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -4.50% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.93 and R2 of 0.65, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -4.50%
- Beta
- 0.93
- R²
- 0.65
- Upside Capture
- 91.15%
- Downside Capture
- 131.20%
Expense Ratio
FCFY has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FCFY ranks 23 for risk / return — below 23% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCFY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 2.78 | -1.68 |
| Martin ratioReturn relative to average drawdown | 2.87 | 12.44 | -9.57 |
Dividends
Dividend History
First Trust S&P 500 Diversified Free Cash Flow ETF provided a 1.51% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.42 | $0.16 |
Dividend yield | 1.51% | 1.48% | 1.76% | 0.73% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust S&P 500 Diversified Free Cash Flow ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.09 | ||||||
| 2025 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.41 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.16 | $0.42 |
| 2023 | $0.16 | $0.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust S&P 500 Diversified Free Cash Flow ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust S&P 500 Diversified Free Cash Flow ETF was 21.36%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.
The current First Trust S&P 500 Diversified Free Cash Flow ETF drawdown is 7.42%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -21.36%Apr 2025 | 1mo 17d | 2mo 25d | 4mo 12dFeb 2025 - Jul 2025 |
2026 correction2026 | -11.94%Mar 2026 | 2mo 19d | 2mo 3d | 4mo 22dJan 2026 - May 2026 |
2023 pullback2023 | -8.86%Oct 2023 | 1mo 22d | 1mo 4d | 2mo 26dSep 2023 - Nov 2023 |
2024 pullback2024 | -7.51%May 2024 | 1mo | 2mo 16d | 3mo 16dApr 2024 - Jul 2024 |
2026 pullback2026 | -7.45%Jun 2026 | 16d | — | 21d 6hJun 2026 - now |
Drawdown Indicators
| FCFY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.36% | -56.78% | +35.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -9.10% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -7.42% | -1.80% | -5.62% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -10.71% | +7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 2.03% | +2.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FCFY
Add First Trust S&P 500 Diversified Free Cash Flow ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FCFY