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ETFs

iShares GNMA Bond ETF

GNMA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 14 2012
Expense Ratio
0.10%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$1,414,889
AUM
$296,497,222
Associated Index
Bloomberg U.S. GNMA Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
GNMA2 30YR
7.75%
XTSLA
BLK CSH FND TREASURY SL AGENCY
5.05%
n/a
GNMA2 30YR
3.65%
n/a
GNMA2 30YR
3.64%
n/a
GNMA2 30YR
3.39%
n/a
GNMA2 30YR
3.15%
n/a
GNMA II 30YR SF - JUMBO-CONFORMING
3.13%
n/a
GNMA2 30YR
2.69%
n/a
GNMA2 30YR
2.31%
n/a
GNMA II 30YR SF - JUMBO-CONFORMING
2.28%
Invest with GNMA

What is GNMA?

The iShares GNMA Bond ETF seeks to track the investment results of an index composed of mortgage-backed pass-through securities guaranteed by the Government National Mortgage Association (GNMA or Ginnie Mae). GNMA ("Ginnie Mae") bonds carry the full faith and credit guaranty of the U.S. government. The fund offers low cost exposure to U.S. residential mortgage-backed bonds.

ETFs related toGNMA

ETFs correlated to GNMA include MBB, VMBS, SPMB

GNMA
BlackRock Institutional Trust Company N.A. - iShares GNMA Bond ETF
MBB
BlackRock Institutional Trust Company N.A. - iShares MBS ETF
VMBS
Vanguard Group, Inc. - Vanguard Mortgage-Backed Securities ETF
SPMB
SPDR Series Trust - SPDR Portfolio Mortgage Backed Bond ETF
JMBS
Janus Capital Management LLC - Janus Henderson Mortgage-Backed Securities ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
EAGG
iShares Trust - iShares ESG Aware U.S. Aggregate Bond ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond 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 toGNMA

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with GNMA using Composer

FAQ

GNMA is a US Bonds ETF. The iShares GNMA Bond ETF seeks to track the investment results of an index composed of mortgage-backed pass-through securities guaranteed by the Government National Mortgage Association (GNMA or Ginnie Mae). GNMA ("Ginnie Mae") bonds carry the full faith and credit guaranty of the U.S. government. The fund offers low cost exposure to U.S. residential mortgage-backed bonds.

GNMA tracks the Bloomberg U.S. GNMA Bond Index.

No, GNMA 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, GNMA 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 GNMA is -0.016%. This is the percent change in the value of GNMA over the most recent 1-month period. The 3-month return on GNMA is -0.0416%. This is the percent change in the value of GNMA over the most recent 3-month period.

The standard deviation of GNMA for the past year is 0.0873%. 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 GNMA include DEED, MBSD, and VETZ.

ETFs correlated to GNMA include MBB, VMBS, and SPMB.

ETFs that are inversely correlated to GNMA include PST, TBX, and TMV.

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.