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ETFs

VanEck Moody's Analytics IG Corporate Bond ETF

MIG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 01 2020
Expense Ratio
0.20%
Type
Global Bonds
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$35,892
AUM
$12,180,000
Associated Index
MVIS Moody s Analytics US Investment Grade Corporate Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

S25
Sprint 7.625 % Notes 2015-15.2.25 Gtd Global Sr
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BNPQF5524545
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UBS/25A
UBS Group AG - 2.95% NT REDEEM 09/04/2025 USD 250000
1.19%
TMUS5190117
T-Mobile Usa Inc
1.18%
VZ4872504
Verizon Communications Inc
1.14%
UBS5455690
Ubs Group Ag
1.13%
63ZT
Saudi Arabian Oil Company - 4.25% NT REDEEM 16/04/2039 USD 200000 - 144A
1.05%
VZ27
Verizon Communications Inc - 4.125% NT REDEEM 16/03/2027 USD 2000
0.98%
BAM4974650
Brookfield Finance Inc
0.96%
TMUS5190118
T-Mobile Usa Inc
0.94%
Invest with MIG

What is MIG?

VanEck Moody s Analytics IG Corporate Bond ETF seeks to track, as closely as possible, before fees and expenses, the price and yield performance of the MVIS Moody s Analytics US Investment Grade Corporate Bond Index, which includes investment grade corporate bonds that have attractive valuations and a lower probability of being downgraded to high yield compared to other investment grade bonds.

ETFs related toMIG

ETFs correlated to MIG include VCEB, LQD, GIGB

MIG
VanEck ETF Trust - VanEck Moody's Analytics IG Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
GIGB
Goldman Sachs ETF Trust - Goldman Sachs Access Investment Grade Corporate Bond ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
VTC
Vanguard Group, Inc. - Vanguard Total Corporate Bond ETF
IGIB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF
SPBO
SPDR Series Trust - SPDR Portfolio Corporate Bond ETF
USIG
BlackRock Institutional Trust Company N.A. - iShares Broad USD Investment Grade Corporate Bond ETF
VCIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Corporate Bond 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 toMIG

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with MIG using Composer

FAQ

MIG is a Global Bonds ETF. VanEck Moody s Analytics IG Corporate Bond ETF seeks to track, as closely as possible, before fees and expenses, the price and yield performance of the MVIS Moody s Analytics US Investment Grade Corporate Bond Index, which includes investment grade corporate bonds that have attractive valuations and a lower probability of being downgraded to high yield compared to other investment grade bonds.

MIG tracks the MVIS Moody s Analytics US Investment Grade Corporate Bond Index.

No, MIG 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, MIG 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 MIG is -0.008%. This is the percent change in the value of MIG over the most recent 1-month period. The 3-month return on MIG is -0.0188%. This is the percent change in the value of MIG over the most recent 3-month period.

The standard deviation of MIG for the past year is 0.0792%. 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 MIG include IGSB, SPIB, and VCLT.

ETFs correlated to MIG include VCEB, LQD, and GIGB.

ETFs that are inversely correlated to MIG include TBX, PST, and TTT.

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.