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ETFs

iShares MSCI Global Metals & Mining Producers ETF

PICK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 31 2012
Expense Ratio
0.39%
Type
Global Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$5,754,772
AUM
$1,400,778,854
Associated Index
MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

BHP
BHP Group Limited
13.83%
RIO
Rio Tinto plc - Registered Shares
6.81%
GLEN
Glencore plc
5.60%
FCX
Freeport-McMoRan Inc
5.08%
VALE3
Vale S.A.
4.49%
NUE
Nucor Corp.
3.67%
AAL
Anglo American plc
3.34%
005490
POSCO Holdings Inc
2.91%
RIO
RIO Tinto Ltd.
2.62%
FMG
Fortescue Metals Group Ltd
2.17%
Invest with PICK

What is PICK?

The iShares MSCI Global Select Metals & Mining Producers Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. The MSCI ACWI Select Metals & Mining Producers Ex Gold and Silver Investable Market Index measures the equity performance of companies in both developed and emerging markets that are primarily involved in the extraction and production of diversified metals, aluminum, steel and precious metals and minerals, excluding gold and silver.

ETFs related toPICK

ETFs correlated to PICK include COPX, GNR, GUNR

PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
COPX
Global X Funds - Global X Copper Miners ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
SLX
VanEck ETF Trust - VanEck Steel ETF
ICOW
Pacer Funds Trust - Pacer Developed Markets International Cash Cows 100 ETF
GCOW
Pacer Funds Trust - Pacer Global Cash Cows Dividend ETF
IDV
BlackRock Institutional Trust Company N.A. - iShares International Select Dividend ETF
FYLD
Cambria Investment Management LP - Cambria Foreign Shareholder Yield ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
AVIV
American Century ETF Trust - Avantis International Large Cap Value 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 toPICK

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with PICK using Composer

FAQ

PICK is a Global Equities ETF. The iShares MSCI Global Select Metals & Mining Producers Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. The MSCI ACWI Select Metals & Mining Producers Ex Gold and Silver Investable Market Index measures the equity performance of companies in both developed and emerging markets that are primarily involved in the extraction and production of diversified metals, aluminum, steel and precious metals and minerals, excluding gold and silver.

PICK tracks the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index.

No, PICK 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, PICK 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 PICK is 0.0154%. This is the percent change in the value of PICK over the most recent 1-month period. The 3-month return on PICK is -0.0127%. This is the percent change in the value of PICK over the most recent 3-month period.

The standard deviation of PICK for the past year is 0.2881%. 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 PICK include IXJ, SMH, and URA.

ETFs correlated to PICK include COPX, GNR, and GUNR.

ETFs that are inversely correlated to PICK include EDZ, EFZ, and EPV.

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.