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ETFs

Grayscale Future of Finance ETF

GFOF
$--
Today’s Change
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Snapshot
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Inception Date
Feb 01 2022
Expense Ratio
0.70%
Type
Global Equities
Fund Owner
Grayscale
Volume (1m avg. daily)
$21,472
AUM
$4,556,297
Associated Index
Bloomberg Grayscale Future of Finance Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with GFOF

What is GFOF?

Grayscale Future of Finance is an ETF that seeks to invest in the companies and technologies shaping the "future of finance". GFOF offers investors the opportunity to benefit from innovative businesses that are integral in evolving the financial system to build the digital economy across three pillars financial foundation, Technology Solutions and Digital Asset Infrastructure.

ETFs related toGFOF

ETFs correlated to GFOF include FDIG, BKCH, BLOK

GFOF
ETF Series Solutions Trust - Grayscale Future of Finance ETF
FDIG
Fidelity Covington Trust - Fidelity Crypto Industry and Digital Payments ETF
BKCH
Global X Funds - Global X Blockchain ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
WGMI
Valkyrie ETF Trust II - Valkyrie Bitcoin Miners ETF
CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF
ARKK
ARK Investment Management LLC - ARK Innovation 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.

FAQ

GFOF is a Global Equities ETF. Grayscale Future of Finance is an ETF that seeks to invest in the companies and technologies shaping the "future of finance". GFOF offers investors the opportunity to benefit from innovative businesses that are integral in evolving the financial system to build the digital economy across three pillars financial foundation, Technology Solutions and Digital Asset Infrastructure.

GFOF tracks the Bloomberg Grayscale Future of Finance Index.

No, GFOF 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, GFOF 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 GFOF is -0.078%. This is the percent change in the value of GFOF over the most recent 1-month period. The 3-month return on GFOF is -0.1277%. This is the percent change in the value of GFOF over the most recent 3-month period.

The standard deviation of GFOF for the past year is 0.6059%. 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 GFOF include PBW, IGF, and EFG.

ETFs correlated to GFOF include FDIG, BKCH, and BLOK.

ETFs that are inversely correlated to GFOF include SARK, HDGE, and HIBS.

Disclaimers

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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.