Snapshot*
Top 10 Holdings
What is IBUY?
IBUY seeks to provide a cost efficient way for investors to own a basket of companies with significant revenue from online and virtual retail sales. The fund s portfolio offers convenient diversification across market capitalizations, geography and business focus. The EQM Online Retail Index (IBUYXT) utilizes a rules based methodology to select a globally diverse group of companies with 70% or more of revenue from online and virtual sales.
ETFs related toIBUY
ETFs correlated to IBUY include XAUG, IPO, ARKK
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 toIBUY
Pick the Trending Commodity
Opus-12
Create your own algorithmic trading strategy with IBUY using Composer
News Related to IBUY
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Dec 13, 2024 • by Anusuya Lahiri
Roaring Kitty Stock Chewy Set to Join S&P MidCap 400 Index, Will Replace Stericycle
Nov 4, 2024 • by Anusuya LahiriHims & Hers Health Sees Major Growth Opportunity In Booming Weight Loss Market, Says Analyst
Aug 22, 2024 • by Lekha Gupta
Lyft's Ride Gets Bumpy: Earnings Expected To Fall Short While Market Shifts
Aug 6, 2024 • by Michael Juliano
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.