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ETFs

DriveWealth ICE 100 Index ETF

CETF
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 25 2023
Expense Ratio
0.85%
Type
US Diversified
Fund Owner
DriveWealth
Volume (1m avg. daily)
$35,451
AUM
$729,326
Associated Index
ICE DriveWealth 100 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SHV
BlackRock Institutional Trust Company N.A. - iShares Short Treasury Bond ETF
1.03%
USO
United States Commodity Funds LLC - United States Oil Fund
1.03%
BNO
United States Commodity Funds LLC - United States Brent Crude Oil Fund
1.02%
BOXX
EA Series Trust - Alpha Architect 1-3 Month Box ETF
1.02%
SGOV
iShares Trust - iShares 0-3 Month Treasury Bond ETF
1.02%
AMLP
ALPS Fund Services - Alerian MLP ETF
1.02%
RAVI
FlexShares Trust - FlexShares Ultra-Short Income Fund
1.02%
FLOT
BlackRock Institutional Trust Company N.A. - iShares Floating Rate Bond ETF
1.02%
XBIL
Rbb Fund Inc - US Treasury 6 Month Bill ETF
1.02%
BIZD
VanEck ETF Trust - VanEck BDC Income ETF
1.02%
Invest with CETF

What is CETF?

The DriveWealth ICE 100 Index ETF seeks to provide investment results that, before fees and expenses, track the performance of the ICE DriveWealth 100 Index. The ICE DriveWealth 100 Index is a rules-based, equal-weighted index that tracks the performance of U.S.-listed Exchange Traded Funds (ETFs). The Index selects the 100 top ETFs based on a methodology that ranks eligible funds according to size, liquidity and risk-adjusted return.

ETFs related toCETF

ETFs correlated to CETF include CRBN, URTH, VT

CETF
DriveWealth ETF Trust - DriveWealth ICE 100 Index ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
BSEP
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - September
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active 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

CETF is a US Diversified ETF. The DriveWealth ICE 100 Index ETF seeks to provide investment results that, before fees and expenses, track the performance of the ICE DriveWealth 100 Index. The ICE DriveWealth 100 Index is a rules-based, equal-weighted index that tracks the performance of U.S.-listed Exchange Traded Funds (ETFs). The Index selects the 100 top ETFs based on a methodology that ranks eligible funds according to size, liquidity and risk-adjusted return.

CETF tracks the ICE DriveWealth 100 Index.

No, CETF 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, CETF 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 CETF is -0.0043%. This is the percent change in the value of CETF over the most recent 1-month period. The 3-month return on CETF is 0.0035%. This is the percent change in the value of CETF over the most recent 3-month period.

ETFs similar to CETF include AOR, DRSK, and FPEI.

ETFs correlated to CETF include CRBN, URTH, and VT.

ETFs that are inversely correlated to CETF include SDS, SPXS, and SH.

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.