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ETFs

Global X Funds Global X Education ETF

EDUT
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jul 10 2020
Expense Ratio
0.50%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$3,687
AUM
$2,725,184
Associated Index
Indxx Global Education Thematic Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

EDU
New Oriental Education & Technology Group Inc. - ADR
12.20%
PSON
Pearson plc
10.01%
DUOL
Duolingo Inc - Ordinary Shares - Class A
7.30%
BFAM
Bright Horizons Family Solutions, Inc.
7.28%
IEL
IDP Education Limited
5.84%
1797
East Buy Holding Limited
5.39%
TAL
TAL Education Group - ADR
5.02%
ZM
Zoom Video Communications Inc - Ordinary Shares - Class A
4.66%
RNG
RingCentral Inc. - Ordinary Shares - Class A
4.53%
COUR
Coursera Inc
4.25%
Invest with EDUT

What is EDUT?

The Global X Education ETF (EDUT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Education Thematic Index. The objective of the Underlying Index is to provide exposure to exchange-listed companies globally that provide educational products and services, including companies primarily involved in digital learning and educational content/publishing, as well as early childhood education, secondary education, higher education, professional education and enterprise video and chat communication platforms, (collectively, "Education Companies"), as defined by Indxx, LLC, the provider of the Underlying Index ("Index Provider").

ETFs related toEDUT

ETFs correlated to EDUT include XAUG, GAUG, CVRD

EDUT
Global X Funds - Global X Education ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
CVRD
Madison ETFs Trust - Madison Covered Call ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
EMC
Global X Funds - Global X Emerging Markets Great Consumer ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector 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

EDUT is a Global Equities ETF. The Global X Education ETF (EDUT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Education Thematic Index. The objective of the Underlying Index is to provide exposure to exchange-listed companies globally that provide educational products and services, including companies primarily involved in digital learning and educational content/publishing, as well as early childhood education, secondary education, higher education, professional education and enterprise video and chat communication platforms, (collectively, "Education Companies"), as defined by Indxx, LLC, the provider of the Underlying Index ("Index Provider").

EDUT tracks the Indxx Global Education Thematic Index.

No, EDUT 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, EDUT 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 EDUT is -0.0315%. This is the percent change in the value of EDUT over the most recent 1-month period. The 3-month return on EDUT is 0.0668%. This is the percent change in the value of EDUT over the most recent 3-month period.

The standard deviation of EDUT for the past year is 0.3182%. 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 EDUT include PBW, IGF, and ARKK.

ETFs correlated to EDUT include XAUG, GAUG, and CVRD.

ETFs that are inversely correlated to EDUT include SARK, EDZ, and HIBS.

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.