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ETFs

iShares Global Tech ETF

IXN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 12 2001
Expense Ratio
0.41%
Type
Global Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$6,194,212
AUM
$3,417,675,850
Associated Index
S&P Global 1200 Information Technology 4.5/22.5/45 Capped Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
21.34%
MSFT
Microsoft Corporation
19.57%
NVDA
NVIDIA Corp
4.21%
2330
Taiwan Semiconductor Manufacturing
3.59%
AVGO
Broadcom Inc
3.10%
005930
Samsung Electronics
2.40%
ASML
ASML Holding NV
2.16%
ADBE
Adobe Inc
2.12%
CSCO
Cisco Systems, Inc.
1.98%
CRM
Salesforce Inc
1.82%
Invest with IXN

What is IXN?

The iShares Global Tech ETF seeks to track the investment results of an index composed of global equities in the technology sector. Provides exposure to electronics, computer software and hardware, and informational technology companies.

ETFs related toIXN

ETFs correlated to IXN include XLK, TECL, FTEC

IXN
BlackRock Institutional Trust Company N.A. - iShares Global Tech ETF
XLK
SSgA Active Trust - Technology Select Sector SPDR ETF
TECL
Direxion Shares ETF Trust - Direxion Daily Technology Bull 3X Shares
FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology Index ETF
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
ROM
ProShares Trust - ProShares Ultra Technology 2x Shares
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 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 toIXN

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with IXN using Composer

FAQ

IXN is a Global Equities ETF. The iShares Global Tech ETF seeks to track the investment results of an index composed of global equities in the technology sector. Provides exposure to electronics, computer software and hardware, and informational technology companies.

IXN tracks the S&P Global 1200 Information Technology 4.5/22.5/45 Capped Index.

No, IXN 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, IXN 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 IXN is -0.0164%. This is the percent change in the value of IXN over the most recent 1-month period. The 3-month return on IXN is -0.0301%. This is the percent change in the value of IXN over the most recent 3-month period.

The standard deviation of IXN for the past year is 0.2439%. 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 IXN include IXJ, SMH, and URA.

ETFs correlated to IXN include XLK, TECL, and FTEC.

ETFs that are inversely correlated to IXN include TECS, SQQQ, and QID.

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.