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ETFs

IQ FTSE International Equity Currency Neutral ETF

HFXI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 22 2015
Expense Ratio
0.20%
Type
Global Equities
Fund Owner
Index IQ
Volume (1m avg. daily)
$1,594,242
AUM
$411,035,215
Associated Index
FTSE Developed ex North America 50% Index USD Hedged
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Nestle SA
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7203
Toyota Motor Corporation
1.34%
SHEL
Shell Plc
1.25%
NOVN
Novartis AG - Registered Shares
1.21%
AZN
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1.18%
ROG
Roche Holding AG
1.16%
MC
Lvmh Moet Hennessy Vuitton SE
1.14%
Invest with HFXI

What is HFXI?

The IQ FTSE International Equity Currency Neutral ETF (HFXI) seeks investment results that track, before fees and expenses, the price and yield performance of the FTSE Developed ex North America 50% hedged to USD Index. The FTSE Developed ex North America 50% Hedged to USD Index is an equity benchmark of international stocks, with approximately half of its currency exposure of the securities included in the index "hedged" against the U.S. dollar on a monthly basis. Includes stocks from Europe, Australasia and the Far East in developed market countries. Includes primarily large- and mid-capitalization companies.

ETFs related toHFXI

ETFs correlated to HFXI include SCHF, EFA, VEA

HFXI
IndexIQ ETF Trust - IQ FTSE International Equity Currency Neutral ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF
BKIE
BNY Mellon ETF Trust - BNY Mellon International Equity ETF
DFAI
Dimensional ETF Trust - Dimensional International 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 toHFXI

#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 HFXI using Composer

FAQ

HFXI is a Global Equities ETF. The IQ FTSE International Equity Currency Neutral ETF (HFXI) seeks investment results that track, before fees and expenses, the price and yield performance of the FTSE Developed ex North America 50% hedged to USD Index. The FTSE Developed ex North America 50% Hedged to USD Index is an equity benchmark of international stocks, with approximately half of its currency exposure of the securities included in the index "hedged" against the U.S. dollar on a monthly basis. Includes stocks from Europe, Australasia and the Far East in developed market countries. Includes primarily large- and mid-capitalization companies.

HFXI tracks the FTSE Developed ex North America 50% Index USD Hedged.

No, HFXI 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, HFXI 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 HFXI is 0.0086%. This is the percent change in the value of HFXI over the most recent 1-month period. The 3-month return on HFXI is 0.0012%. This is the percent change in the value of HFXI over the most recent 3-month period.

The standard deviation of HFXI for the past year is 0.1453%. 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 HFXI include EZU, EEM, and FEZ.

ETFs correlated to HFXI include SCHF, EFA, and VEA.

ETFs that are inversely correlated to HFXI include EFZ, EPV, and SH.

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.