Snapshot*
Top 10 Holdings
What is IJH?
The iShares S&P MidCap 400 Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of U.S. mid-cap stocks as represented by the Standard & Poors MidCap 400 Index.
ETFs related toIJH
ETFs correlated to IJH include MDY, MIDU, SPMD
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 toIJH
Pick the Trending Asset Class
Category
Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum
Risk Rating
Moderate
Emerging Markets with a Bond Hedge
Create your own algorithmic trading strategy with IJH using Composer
News Related to IJH
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Oct 23, 2024 • by Surbhi Jain
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Aug 5, 2024 • by Anusuya Lahiri
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Jul 29, 2024 • by Avi Kapoor
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.