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ETFs

WisdomTree Growth Leaders Fund

PLAT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 22 2019
Expense Ratio
0.20%
Type
Global Ex. US Equities
Fund Owner
Wisdom Tree
Volume (1m avg. daily)
$29,826
AUM
$9,797,774
Associated Index
WisdomTree Growth Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with PLAT

What is PLAT?

The WisdomTree Growth Leaders Fund seeks to track the investment results of high growth, mid and large-cap companies leveraging platform-based business. The WisdomTree Growth Leaders Index is a modified market capitalization-weighted index that is designed to provide exposure to mid and large-cap companies that are leveraging platform-based business models with high revenue growth. Prior to August 1, 2020, the WisdomTree Growth Leaders Fund was named the WisdomTree Modern Tech Platforms Fund and WisdomTree Growth Leaders Index was named WisdomTree Modern Tech Platforms Index.

ETFs related toPLAT

ETFs correlated to PLAT include PNQI, FDN, WEBL

PLAT
WisdomTree Trust - WisdomTree Growth Leaders Fund
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August

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

PLAT is a Global Ex. US Equities ETF. The WisdomTree Growth Leaders Fund seeks to track the investment results of high growth, mid and large-cap companies leveraging platform-based business. The WisdomTree Growth Leaders Index is a modified market capitalization-weighted index that is designed to provide exposure to mid and large-cap companies that are leveraging platform-based business models with high revenue growth. Prior to August 1, 2020, the WisdomTree Growth Leaders Fund was named the WisdomTree Modern Tech Platforms Fund and WisdomTree Growth Leaders Index was named WisdomTree Modern Tech Platforms Index.

PLAT tracks the WisdomTree Growth Leaders Index.

No, PLAT 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, PLAT 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 PLAT is -0.0135%. This is the percent change in the value of PLAT over the most recent 1-month period. The 3-month return on PLAT is -0.0066%. This is the percent change in the value of PLAT over the most recent 3-month period.

The standard deviation of PLAT for the past year is 0.2661%. 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 PLAT include PBW, IGF, and ARKK.

ETFs correlated to PLAT include PNQI, FDN, and WEBL.

ETFs that are inversely correlated to PLAT include WEBS, QID, and SQQQ.

Disclaimers

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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.