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ETFs

SPDR S&P Kensho Future Security ETF

FITE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 26 2017
Expense Ratio
0.45%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$106,922
AUM
$32,295,547
Associated Index
S&P Kensho Future Security Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

VMW
Vmware Inc. - Ordinary Shares - Class A
2.28%
QLYS
Qualys Inc
2.18%
TXT
Textron Inc.
2.14%
VRNS
Varonis Systems Inc
2.12%
PSN
Parsons Corp
2.12%
AKAM
Akamai Technologies Inc
2.09%
S
SentinelOne Inc - Ordinary Shares - Class A
2.09%
TENB
Tenable Holdings Inc
2.08%
AVAV
AeroVironment Inc.
2.07%
CYBR
CyberArk Software Ltd
2.01%
Invest with FITE

What is FITE?

The SPDR S&P Kensho Future Security ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Future Security Index (the "Index"). The S&P Kensho Future Security Index (the "Index") is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Future Security sector as determined by a classification standard produced by Kensho Technologies, Inc.

ETFs related toFITE

ETFs correlated to FITE include IWP, VOT, IMCG

FITE
SPDR Series Trust - SPDR S&P Kensho Future Security ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
HACK
ETF Managers Group LLC - ETFMG Prime Cyber Security ETF
CIBR
First Trust Exchange-Traded Fund III - First Trust NASDAQ Cybersecurity ETF
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth 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 toFITE

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FITE using Composer

FAQ

FITE is a US Equities ETF. The SPDR S&P Kensho Future Security ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Future Security Index (the "Index"). The S&P Kensho Future Security Index (the "Index") is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide which are included in the Future Security sector as determined by a classification standard produced by Kensho Technologies, Inc.

FITE tracks the S&P Kensho Future Security Index.

No, FITE 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, FITE 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 FITE is -0.016%. This is the percent change in the value of FITE over the most recent 1-month period. The 3-month return on FITE is -0.0046%. This is the percent change in the value of FITE over the most recent 3-month period.

The standard deviation of FITE for the past year is 0.2058%. 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 FITE include XLI, XLY, and XLV.

ETFs correlated to FITE include IWP, VOT, and IMCG.

ETFs that are inversely correlated to FITE include HIBS, SH, and SDS.

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.