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ETFs

iShares U.S. Financial Services ETF

IYG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 12 2000
Expense Ratio
0.39%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$5,490,972
AUM
$1,164,728,305
Associated Index
Dow Jones US Financial Services Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
16.18%
JPM
JPMorgan Chase & Co.
10.44%
V
Visa Inc - Ordinary Shares - Class A
9.31%
MA
Mastercard Incorporated - Ordinary Shares - Class A
8.25%
BAC
Bank Of America Corp.
4.71%
WFC
Wells Fargo & Co.
3.72%
SPGI
S&P Global Inc
2.98%
GS
Goldman Sachs Group, Inc.
2.66%
MS
Morgan Stanley
2.62%
BLK
Blackrock Inc.
2.28%
Invest with IYG

What is IYG?

The iShares Dow Jones U.S. Financial Services Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the financial-services sector of the U.S. equity market as represented by the Dow Jones U.S. Financial Services Index.

ETFs related toIYG

ETFs correlated to IYG include FNCL, VFH, IYF

IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF
FAS
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3x Shares
XLF
SSgA Active Trust - Financial Select Sector SPDR
RDVY
First Trust Exchange-Traded Fund III - First Trust Rising Dividend Achievers ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
RDVI
First Trust Exchange-Traded Fund IV - FT Cboe Vest Rising Dividend Achievers Target Income ETF
BNKU
Bank of Montreal - MicroSectorsTM U.S. Big Banks Index 3X Leveraged ETNs
KCE
SPDR Series Trust - SPDR S&P Capital Markets 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 toIYG

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Category

Community

Risk Rating

Aggressive

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Category

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Risk Rating

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Create your own algorithmic trading strategy with IYG using Composer

FAQ

IYG is a US Equities ETF. The iShares Dow Jones U.S. Financial Services Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the financial-services sector of the U.S. equity market as represented by the Dow Jones U.S. Financial Services Index.

IYG tracks the Dow Jones US Financial Services Index.

No, IYG 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, IYG 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 IYG is -0.0042%. This is the percent change in the value of IYG over the most recent 1-month period. The 3-month return on IYG is 0.035%. This is the percent change in the value of IYG over the most recent 3-month period.

The standard deviation of IYG for the past year is 0.2154%. 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 IYG include XLI, XLY, and XLV.

ETFs correlated to IYG include FNCL, VFH, and IYF.

ETFs that are inversely correlated to IYG include FAZ, BNKD, and TWM.

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.