Snapshot*
Top 10 Holdings
What is EUDV?
ProShares MSCI Europe Dividend Growers ETF seeks investment results, before fees and expenses, that track the performance of the MSCI Europe Dividend Masters Index. TheMSCI Europe Dividend Masters Indexcaptures large and mid-cap representation across 15 Developed Markets countries* in Europe.The index is designed to capture the performance of companies in MSCI Europe Index that have consistently increased dividends everyyear for at least 10 years. The index is constructed by targeting a minimum of 40 securities and the index constituents are equallyweighted. The sector weights are capped at 30% and country weights are capped at 50% to mitigate potential concentration risks.
ETFs related toEUDV
ETFs correlated to EUDV include IQDG, VGK, BBEU
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
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.