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ETFs

Democracy International Fund

DMCY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 31 2021
Expense Ratio
0.50%
Type
Global Equities
Fund Owner
Democracy Investments
Volume (1m avg. daily)
$9,958
AUM
$6,888,000
Associated Index
Democracy Investments International Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

VPL
Vanguard Group, Inc. - Vanguard FTSE Pacific ETF
25.38%
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF
6.74%
EWT
BlackRock Institutional Trust Company N.A. - iShares MSCI Taiwan ETF
3.35%
INDA
BlackRock Institutional Trust Company N.A. - iShares MSCI India ETF
2.62%
EWJ
BlackRock Institutional Trust Company N.A. - iShares MSCI Japan ETF
2.33%
EWA
BlackRock Institutional Trust Company N.A. - iShares MSCI Australia ETF
2.21%
NESN
Nestle SA
1.60%
NOVO B
Novo Nordisk - Ordinary Shares - Class B
1.55%
ASML
ASML Holding NV
1.34%
SHEL
Shell Plc
1.18%
Invest with DMCY

What is DMCY?

The Democracy International Fund seeks to track the total return performance, before fees and expenses, of the Democracy Investments International Index. The intent of the Fund is to enable investors to allocate more into democracies thereby shifting capital flows toward democratic countries and away from authoritarian countries. This could lower the cost of capital and improve economic growth for democracies and the opposite for authoritarians, resulting in market-based incentives for democratic reforms.

ETFs related toDMCY

ETFs correlated to DMCY include SPDW, VEA, IXUS

DMCY
Advisors Inner Circle Fund III - Democracy International Fund
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market 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 toDMCY

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with DMCY using Composer

FAQ

DMCY is a Global Equities ETF. The Democracy International Fund seeks to track the total return performance, before fees and expenses, of the Democracy Investments International Index. The intent of the Fund is to enable investors to allocate more into democracies thereby shifting capital flows toward democratic countries and away from authoritarian countries. This could lower the cost of capital and improve economic growth for democracies and the opposite for authoritarians, resulting in market-based incentives for democratic reforms.

DMCY tracks the Democracy Investments International Index.

No, DMCY 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, DMCY 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 DMCY is -0.0029%. This is the percent change in the value of DMCY over the most recent 1-month period. The 3-month return on DMCY is -0.0213%. This is the percent change in the value of DMCY over the most recent 3-month period.

The standard deviation of DMCY for the past year is 0.1643%. 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 DMCY include PBW, IGF, and ARKK.

ETFs correlated to DMCY include SPDW, VEA, and IXUS.

ETFs that are inversely correlated to DMCY include EFZ, EPV, and EDZ.

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.