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ETFs

Gabelli Automation ETF

GAST
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 05 2022
Expense Ratio
0.00%
Type
US Equities
Fund Owner
GAMCO Investors
Volume (1m avg. daily)
$1,403
AUM
$4,796,400
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Invest with GAST

What is GAST?

GAST will offer exposure to leading firms that design, develop, support, or manufacture automation equipment, related technology, software, or processes, as well as firms that use these to automate and increase productivity in their own businesses.

ETFs related toGAST

ETFs correlated to GAST include IYJ, FXR, JHMM

GAST
Gabelli ETFs Trust - Gabelli Automation ETF
IYJ
BlackRock Institutional Trust Company N.A. - iShares U.S. Industrials ETF
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
FIDU
Fidelity Covington Trust - Fidelity MSCI Industrials Index ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
VIS
Vanguard Group, Inc. - Vanguard Industrials ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted 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 toGAST

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with GAST using Composer

FAQ

GAST is a US Equities ETF. GAST will offer exposure to leading firms that design, develop, support, or manufacture automation equipment, related technology, software, or processes, as well as firms that use these to automate and increase productivity in their own businesses.

Yes, GAST is actively 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.

No, GAST is not passively managed. It is actively 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 GAST is -0.0089%. This is the percent change in the value of GAST over the most recent 1-month period. The 3-month return on GAST is 0.0124%. This is the percent change in the value of GAST over the most recent 3-month period.

The standard deviation of GAST for the past year is 0.1462%. 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 GAST include XLI, XLY, and XLV.

ETFs correlated to GAST include IYJ, FXR, and JHMM.

ETFs that are inversely correlated to GAST include RWM, TWM, and SRTY.

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.