iShares Trust iShares iBonds Dec 2024 Term Treasury ETF
Snapshot*
Top 10 Holdings
What is IBTE?
The iShares iBonds Dec 2024 Term Treasury ETF seeks to track the investment results of an index composed of U.S. Treasury bonds maturing in 2024. The Underlying Index consists of publicly-issued U.S.Treasury securities that are scheduled to mature after December 31, 2023 and before December 16, 2024. Qualifying securities are U.S. Treasury notes and bonds having $1 billion or more of outstanding face value, excluding amounts held by the Federal Reserve System Open Market Account ( SOMA ). In addition, the securities in the Underlying Index must have a fixed coupon schedule and be denominated in U.S. dollars.
ETFs related toIBTE
ETFs correlated to IBTE include IBTF, UTWO, VGSH
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 toIBTE
SPY minimum drawdown
Pick the Trending Asset Class
Category
Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum
Risk Rating
Moderate
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FAQ
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.