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ETFs

Roundhill IO Digital Infrastructure ETF

BYTE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 28 2021
Expense Ratio
0.46%
Type
Global Equities
Fund Owner
Roundhill Financial
Volume (1m avg. daily)
$332
AUM
$1,184,025
Associated Index
IO Digital Infrastructure Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ABB
Aussie Broadband Limited
7.38%
QBR.B
Quebecor Inc. - Ordinary Shares - Class B
7.10%
EQIX
Equinix Inc
6.55%
CMCSA
Comcast Corp - Ordinary Shares - Class A
6.48%
CHTR
Charter Communications Inc. - Ordinary Shares - Class A
5.75%
AMT
American Tower Corp.
5.46%
UNIT
Uniti Group Inc
4.96%
CABO
Cable One Inc
4.51%
4863
Telekom Malaysia Bhd
3.78%
CCI
Crown Castle Inc
3.67%
Invest with BYTE

What is BYTE?

The Roundhill IO Digital Infrastructure ETF ( BYTE ETF ) is designed to offer investors exposure to digital infrastructure by seeking to provide investment results that track, before fees and expenses, the performance of the IO Digital Infrastructure Index ( BYTE Index ). Digital infrastructure is comprised of the high-tech physical assets that support the efficient storage and transmission of data, powering the internet. These assets include fixed-line, high-speed data transmission technology (such as fiber optic cable and certain last-mile technologies that bring data to and from the end-user); data centers; mobile towers and related infrastructure; and other long-lived physical infrastructure assets. The IO Digital Infrastructure Index is comprised of the common stock of 40 U.S. and foreign exchange-listed companies that earn a majority of their revenues from digital infrastructure assets.

ETFs related toBYTE

ETFs correlated to BYTE include IYZ, SRVR, EQAL

BYTE
Listed Funds Trust - Roundhill IO Digital Infrastructure ETF
IYZ
BlackRock Institutional Trust Company N.A. - iShares U.S. Telecommunications ETF
SRVR
Pacer Funds Trust - Pacer Data & Infrastructure Real Estate ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
SPYD
SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
FTA
First Trust Exchange-Traded Fund III - First Trust Large Capital Value AlphaDEX Fund
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
SPHD
Invesco Capital Management LLC - Invesco S&P 500 High Dividend Low Volatility ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value 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.

Automated Strategies
Related toBYTE

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with BYTE using Composer

FAQ

BYTE is a Global Equities ETF. The Roundhill IO Digital Infrastructure ETF ( BYTE ETF ) is designed to offer investors exposure to digital infrastructure by seeking to provide investment results that track, before fees and expenses, the performance of the IO Digital Infrastructure Index ( BYTE Index ). Digital infrastructure is comprised of the high-tech physical assets that support the efficient storage and transmission of data, powering the internet. These assets include fixed-line, high-speed data transmission technology (such as fiber optic cable and certain last-mile technologies that bring data to and from the end-user); data centers; mobile towers and related infrastructure; and other long-lived physical infrastructure assets. The IO Digital Infrastructure Index is comprised of the common stock of 40 U.S. and foreign exchange-listed companies that earn a majority of their revenues from digital infrastructure assets.

BYTE tracks the IO Digital Infrastructure Index.

No, BYTE 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, BYTE 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 BYTE is -0.0016%. This is the percent change in the value of BYTE over the most recent 1-month period. The 3-month return on BYTE is 0.0167%. This is the percent change in the value of BYTE over the most recent 3-month period.

The standard deviation of BYTE for the past year is 0.2239%. 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 BYTE include IXJ, SMH, and URA.

ETFs correlated to BYTE include IYZ, SRVR, and EQAL.

ETFs that are inversely correlated to BYTE include DRV, SRS, and TZA.

Disclaimers

*

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.