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ETFs

IQ Clean Oceans ETF

OCEN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 21 2021
Expense Ratio
0.45%
Type
Global Equities
Fund Owner
Index IQ
Volume (1m avg. daily)
$459
AUM
$4,339,480
Associated Index
IQ Clean Oceans Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MET
Metlife Inc
1.66%
AMGN
AMGEN Inc.
1.66%
ADP
Automatic Data Processing Inc.
1.54%
HAS
Hasbro, Inc.
1.52%
MA
Mastercard Incorporated - Ordinary Shares - Class A
1.52%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.52%
PINS
Pinterest Inc - Ordinary Shares - Class A
1.51%
CHH
Choice Hotels International, Inc.
1.51%
DD
DuPont de Nemours Inc
1.50%
CNC
Centene Corp.
1.50%
Invest with OCEN

What is OCEN?

The OCEN IQ Clean Oceans ETF tracks the IQ Clean Oceans Index, which seeks to track companies that help to protect and/or achieve cleaner oceans through reduced pollution and increased resource efficiency.

ETFs related toOCEN

ETFs correlated to OCEN include VT, CRBN, ACWI

OCEN
IndexIQ ETF Trust - IQ Clean Oceans ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
EFG
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Growth ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
GRID
First Trust Exchange-Traded Fund III - First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
DIHP
Dimensional ETF Trust - Dimensional International High Profitability 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.

FAQ

OCEN is a Global Equities ETF. The OCEN IQ Clean Oceans ETF tracks the IQ Clean Oceans Index, which seeks to track companies that help to protect and/or achieve cleaner oceans through reduced pollution and increased resource efficiency.

OCEN tracks the IQ Clean Oceans Index.

No, OCEN 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, OCEN 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 OCEN is -0.0389%. This is the percent change in the value of OCEN over the most recent 1-month period. The 3-month return on OCEN is -0.0792%. This is the percent change in the value of OCEN over the most recent 3-month period.

The standard deviation of OCEN for the past year is 0.2076%. 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 OCEN include PBW, IGF, and ARKK.

ETFs correlated to OCEN include VT, CRBN, and ACWI.

ETFs that are inversely correlated to OCEN include EPV, EFZ, and SPXS.

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.