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ETFs

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

EFAX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 24 2016
Expense Ratio
0.20%
Type
Global Ex. US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$314,543
AUM
$227,053,645
Associated Index
MSCI EAFE ex Fossil Fuels Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

NESN
Nestle SA
2.30%
NOVO B
Novo Nordisk - Ordinary Shares - Class B
2.18%
ASML
ASML Holding NV
1.74%
MC
Lvmh Moet Hennessy Vuitton SE
1.57%
AZN
Astrazeneca plc
1.53%
NOVN
Novartis AG - Registered Shares
1.52%
7203
Toyota Motor Corporation
1.46%
ROG
Roche Holding AG
1.41%
HSBA
HSBC Holdings plc
1.13%
SAP
Sap SE
1.02%
Invest with EFAX

What is EFAX?

The SPDR MSCI EAFE Fossil Fuel Reserves Free ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI EAFE ex Fossil Fuels Index. The MSCI EAFE ex Fossil Fuels Index is designed to measure the performance of companies in the MSCI EAFE Index (the Parent Index ) that do not own proved and probable coal, oil or natural gas reserves used for energy purposes. The Parent Index, which serves as the initial universe for eligible securities in the Index, captures large and mid-capitalization representation across developed market Europe, Australasia, and Far East countries, excluding the United States and Canada

ETFs related toEFAX

ETFs correlated to EFAX include EFA, IEFA, ESGD

EFAX
SSgA Active Trust - SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF
GSID
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta International Equity ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
QEFA
SSgA Active Trust - SPDR MSCI EAFE StrategicFactors SM ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets 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 toEFAX

#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 EFAX using Composer

FAQ

EFAX is a Global Ex. US Equities ETF. The SPDR MSCI EAFE Fossil Fuel Reserves Free ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI EAFE ex Fossil Fuels Index. The MSCI EAFE ex Fossil Fuels Index is designed to measure the performance of companies in the MSCI EAFE Index (the Parent Index ) that do not own proved and probable coal, oil or natural gas reserves used for energy purposes. The Parent Index, which serves as the initial universe for eligible securities in the Index, captures large and mid-capitalization representation across developed market Europe, Australasia, and Far East countries, excluding the United States and Canada

EFAX tracks the MSCI EAFE ex Fossil Fuels Index.

No, EFAX 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, EFAX 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 EFAX is -0.0092%. This is the percent change in the value of EFAX over the most recent 1-month period. The 3-month return on EFAX is -0.0267%. This is the percent change in the value of EFAX over the most recent 3-month period.

The standard deviation of EFAX for the past year is 0.1717%. 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 EFAX include PBW, IGF, and ARKK.

ETFs correlated to EFAX include EFA, IEFA, and ESGD.

ETFs that are inversely correlated to EFAX 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.