Snapshot*
Top 10 Holdings
What is CNYA?
The Fund seeks to track the investment results of the MSCI China A Inclusion Index (the Underlying Index ), which is designed to measure the equity market performance in the People s Republic of China ( China or the PRC ), as represented by A-shares .
ETFs related toCNYA
ETFs correlated to CNYA include ASHR, CHAU, KBA
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 toCNYA
Follow the Global Trend
Copy the Dragon Portfolio
Create your own algorithmic trading strategy with CNYA using Composer
News Related to CNYA
Here's How Billionaire Ken Fisher's Hedge Fund Made $14 Billion Last Quarter
Nov 14, 2024 • by Erica Kollmann
'Fast And Furious Rally' Pushes Chinese Stocks To Double S&P 500 Performance Year To Date
Oct 7, 2024 • by Piero Cingari
Chinese Stocks Surge As Investors Bet On Economic Turnaround: 7 ETFs To Watch
May 8, 2024 • by Piero Cingari
Emerging Markets Guru Says 'Time To Go Shopping For Hidden Gems At A Steal' As He Sees Opportunities In Bruised Chinese, Hong Kong Stocks
Feb 14, 2024 • by Shanthi Rexaline
FAQ
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.