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ETFs

Global X Funds Global X S&P Catholic Values Developed ex-U.S. ETF

CEFA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 22 2020
Expense Ratio
0.35%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$31,161
AUM
$14,756,168
Associated Index
S&P Developed ex-U.S. Catholic Values Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with CEFA

What is CEFA?

The Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Developed ex-U.S. Catholic Values Index. The S&P Developed Ex-U.S. Catholic Values Index excludes from the S&P EPAC ex-Korea Large Cap Index certain activities that are not aligned with the Responsible Investment Guidelines of the U.S. Conference of Catholic Bishops (USCCB). The index is designed for investors who do not want to breach religious norms in their passive investing strategies.

ETFs related toCEFA

ETFs correlated to CEFA include EFA, SCHF, IEFA

CEFA
Global X Funds - Global X S&P Catholic Values Developed ex-U.S. ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
GSID
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta International Equity ETF
BKIE
BNY Mellon ETF Trust - BNY Mellon International Equity 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 toCEFA

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with CEFA using Composer

FAQ

CEFA is a Global Equities ETF. The Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Developed ex-U.S. Catholic Values Index. The S&P Developed Ex-U.S. Catholic Values Index excludes from the S&P EPAC ex-Korea Large Cap Index certain activities that are not aligned with the Responsible Investment Guidelines of the U.S. Conference of Catholic Bishops (USCCB). The index is designed for investors who do not want to breach religious norms in their passive investing strategies.

CEFA tracks the S&P Developed ex-U.S. Catholic Values Index.

No, CEFA 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, CEFA 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 CEFA is -0.004%. This is the percent change in the value of CEFA over the most recent 1-month period. The 3-month return on CEFA is -0.0312%. This is the percent change in the value of CEFA over the most recent 3-month period.

The standard deviation of CEFA for the past year is 0.1736%. 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 CEFA include PBW, IGF, and ARKK.

ETFs correlated to CEFA include EFA, SCHF, and IEFA.

ETFs that are inversely correlated to CEFA include EFZ, EPV, and SH.

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.