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ETFs

iShares Global Equity Factor ETF

GLOF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 28 2015
Expense Ratio
0.20%
Type
Global Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$222,729
AUM
$114,629,905
Associated Index
STOXX Global Equity Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with GLOF

What is GLOF?

The Fund seeks to track the investment results of the STOXX Global Equity Factor Index which is a rules-based equity index provided by STOXX Ltd. The Underlying Index is composed of large- and mid- capitalization equity securities from the STOXX World AC Index that are selected and weighted using an optimization process designed to maximize exposure to five target factors: momentum, quality, value, low volatility and size. The Underlying Index seeks to control exposure to, among other things, industries and countries, limit turnover and maintain a level of risk similar to that of the Parent Index. The Parent Index is a free float market capitalization-weighted index designed to measure the performance of large-and mid-capitalization companies from developed and emerging markets. Large- and mid-capitalization companies, as calculated by the Index Provider, represent approximately the top 85% of the investable market capitalization of each developed and emerging market country included in the Parent Index, as determined by STOXX.

ETFs related toGLOF

ETFs correlated to GLOF include VT, ACWI, SPGM

GLOF
BlackRock Institutional Trust Company N.A. - iShares Global Equity Factor ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
CGGO
Capital Group Companies Inc - Capital Group Global Growth Equity ETF
CGUS
Capital Group Companies Inc - Capital Group Core Equity ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market 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 toGLOF

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GLOF using Composer

FAQ

GLOF is a Global Equities ETF. The Fund seeks to track the investment results of the STOXX Global Equity Factor Index which is a rules-based equity index provided by STOXX Ltd. The Underlying Index is composed of large- and mid- capitalization equity securities from the STOXX World AC Index that are selected and weighted using an optimization process designed to maximize exposure to five target factors: momentum, quality, value, low volatility and size. The Underlying Index seeks to control exposure to, among other things, industries and countries, limit turnover and maintain a level of risk similar to that of the Parent Index. The Parent Index is a free float market capitalization-weighted index designed to measure the performance of large-and mid-capitalization companies from developed and emerging markets. Large- and mid-capitalization companies, as calculated by the Index Provider, represent approximately the top 85% of the investable market capitalization of each developed and emerging market country included in the Parent Index, as determined by STOXX.

GLOF tracks the STOXX Global Equity Factor Index.

No, GLOF 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, GLOF 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 GLOF is -0.0014%. This is the percent change in the value of GLOF over the most recent 1-month period. The 3-month return on GLOF is 0.0044%. This is the percent change in the value of GLOF over the most recent 3-month period.

The standard deviation of GLOF for the past year is 0.1615%. 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 GLOF include PBW, IGF, and ARKK.

ETFs correlated to GLOF include VT, ACWI, and SPGM.

ETFs that are inversely correlated to GLOF include SH, SDS, and SPXS.

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.