Similarity is based on the correlation of the price action of the past 100 trading sessions.
The reference chart (FXD) is shown first. Other charts are sorted by their correlation and the most similar chart is ranked highest.
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index.
The index is a modified equal-dollar weighted index that seeks to objectively identify and select stocks from the Russell 1000® Index in the consumer discretionary sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.
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