First Trust Mid Cap US Equity Select ETF (RNMC)

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First Trust Mid Cap US Equity Select ETF (RNMC) is down 1.5% since the beginning of the year. RNMC is currently trading at $35 per share. Investors who bought $1,000 worth of RNMC shares 5 years ago would now be looking at an investment worth $1,278.

First Trust Mid Cap US Equity Select ETF (RNMC) has returned -1.52% so far this year and -1.09% over the past 12 months.

Based on dividend-adjusted daily data since Jun 22, 2017, RNMC's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +17.1%, while the worst month was Mar 2020 at -22.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, RNMC closed higher 49% of trading days. The best single day was Mar 25, 2020 with a return of +8.5%, while the worst single day was Mar 16, 2020 at -13.3%.

First Trust Mid Cap US Equity Select ETF has an annualized alpha of -2.97%, beta of 0.90, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since June 23, 2017.

• This ETF participated in 108.79% of S&P 500 Index downside but only 87.96% of its upside - more exposed to losses than it benefited from rallies.
• This ETF had an annualized alpha of -2.97% versus S&P 500 Index - delivering less than market exposure alone would predict.
• With beta of 0.90 and R2 of 0.64, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

RNMC has an expense ratio of 0.60%, placing it in the medium range.

RNMC ranks 8 for risk / return — in the bottom 8% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for First Trust Mid Cap US Equity Select ETF (RNMC) and compare them to S&P 500 Index.

First Trust Mid Cap US Equity Select ETF provided a 0.91% dividend yield over the last twelve months, with an annual payout of $0.32 per share.

The table displays the monthly dividend distributions for First Trust Mid Cap US Equity Select ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the First Trust Mid Cap US Equity Select 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 Mid Cap US Equity Select ETF was 43.57%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.

The current First Trust Mid Cap US Equity Select ETF drawdown is 7.31%.

The chart below shows the rolling one-month volatility.