Snapshot*
Top 10 Holdings
What is IXJ?
The iShares S&P Global Healthcare Sector Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of companies that Standard & Poors deems part of the healthcare sector of the economy and important to global markets as represented by the S&P Global Healthcare Sector Index. The index is a subset of the Standard & Poors Global 1200 Index.
ETFs related toIXJ
ETFs correlated to IXJ include IYH, XLV, CURE
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 toIXJ
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News Related to IXJ
NIH Funding Cuts To Spook Healthcare Stocks? RFK Jr's Confirmation At HHS Sparks Concerns Over Research Dollars, 'Causing Uncertainty,' Says Analyst
Feb 24, 2025 • by Rishabh Mishra
World Health Organization Responds to Trump's Order, Reminds Decades of Successful Health Achievements
Jan 22, 2025 • by Vandana Singh
Upward Trajectory For Biotech/Pharma M&A: Sector Trends Towards Pre-Pandemic Levels, Forecasts Positive For 2024
Dec 29, 2023 • by Vandana Singh
Next Stop Recession? Industries That Benefit In An Economic Downturn & ETF's To Consider
Apr 5, 2023 • by Jeffrey Kamys
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.