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ETFs

Siren ETF Trust Siren Nasdaq NexGen Economy ETF

BLCN
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 17 2018
Expense Ratio
0.68%
Type
Global Equities
Fund Owner
Siren ETF
Volume (1m avg. daily)
$132,833
AUM
$64,079,730
Associated Index
Siren NASDAQ Blockchain Economy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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Coinbase Global Inc - Ordinary Shares - Class A
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Microstrategy Inc. - Ordinary Shares - Class A
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MARA
Marathon Digital Holdings Inc
4.90%
GLXY
Galaxy Digital Holdings Ltd.
3.39%
PYPL
PayPal Holdings Inc
3.36%
AMD
Advanced Micro Devices Inc.
2.75%
IBM
International Business Machines Corp.
2.47%
SPLK
Splunk Inc
2.35%
MA
Mastercard Incorporated - Ordinary Shares - Class A
2.17%
ACN
Accenture plc - Ordinary Shares - Class A
2.08%
Invest with BLCN

What is BLCN?

Siren Nasdaq NexGen Economy ETF (BLCN) Fund seeks to invest in companies committed to developing, researching or utilizing blockchain technologies. The Siren Nasdaq Blockchain Economy Index was created through a partnership between Reality Shares, Inc. and Nasdaq, and constitutes the joint research, analysis and investigation of both groups on the emerging development of blockchain technology. The Index is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their use or for use by others.

ETFs related toBLCN

ETFs correlated to BLCN include GAUG, XAUG, BLOK

BLCN
Siren ETF Trust - Siren Nasdaq NexGen Economy ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF
FDIG
Fidelity Covington Trust - Fidelity Crypto Industry and Digital Payments ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

BLCN is a Global Equities ETF. Siren Nasdaq NexGen Economy ETF (BLCN) Fund seeks to invest in companies committed to developing, researching or utilizing blockchain technologies. The Siren Nasdaq Blockchain Economy Index was created through a partnership between Reality Shares, Inc. and Nasdaq, and constitutes the joint research, analysis and investigation of both groups on the emerging development of blockchain technology. The Index is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their use or for use by others.

BLCN tracks the Siren NASDAQ Blockchain Economy Index.

No, BLCN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BLCN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BLCN is -0.0293%. This is the percent change in the value of BLCN over the most recent 1-month period. The 3-month return on BLCN is -0.0735%. This is the percent change in the value of BLCN over the most recent 3-month period.

The standard deviation of BLCN for the past year is 0.3%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BLCN include PBW, IGF, and ARKK.

ETFs correlated to BLCN include GAUG, XAUG, and BLOK.

ETFs that are inversely correlated to BLCN include HIBS, SARK, and BERZ.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.