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Top 10 Holdings
What is RITA?
The ETFB Green SRI REITs ETF (RITA) seeks to track the performance, before fees and expenses, of the FTSE EPRA Nareit Ideal Ratings Developed REITs Islamic Green Capped Index. The Fund uses a passive management approach to track the performance of the index. The index is composed of a portfolio of exchange-listed real estate investment trusts("REITs") in developed markets meeting the business, financial, socially responsible investing and green investing criteria determined by IdealRatings, Inc. Constituent weights are adjusted (tilted) based on the green building certification and energy usage. Furthermore, sector-regional neutrality constraints are applied to help reduce tracking error.
ETFs related toRITA
ETFs correlated to RITA include REET, RWO, AVRE
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
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.