Snapshot*
Top 10 Holdings
What is EGUS?
The iShares ESG Aware MSCI USA Growth ETF seeks to track the investment results of an index composed of U.S. large- and mid-capitalization equities that exhibit growth characteristics as well as positive environmental, social, and governance characteristics, as identified by the index provider, and risk and return characteristics similar to those of the parent index. The Fund seeks to track the investment results of the MSCI USA Growth Extended ESG Focus Index (the "Underlying Index"). The Underlying Index is an optimized equity index designed to reflect the equity performance of U.S. companies that exhibit growth characteristics as well as positive environmental, social, and governance ("ESG") characteristics, as determined by the Index Provider, and risk and return characteristics similar to those of the MSCI USA Growth Index (the "Parent Index"). The Parent Index includes U.S. large and mid-capitalization stocks that generally represent approximately 50% of the free float-adjusted market capitalization of the MSCI USA Index and that are identified by MSCI as exhibiting overall growth style characteristics.
ETFs related toEGUS
ETFs correlated to EGUS include VUG, SCHG, IWF
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 toEGUS
Controlling for Volatility
Follow the Global Trend
Create your own algorithmic trading strategy with EGUS using Composer
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.