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ETFs

IQ CBRE NextGen Real Estate ETF

ROOF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 14 2011
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Index IQ
Volume (1m avg. daily)
$61,711
AUM
$18,545,448
Associated Index
IQ CBRE NextGen Real Estate Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

PLD
Prologis Inc
5.45%
AMT
American Tower Corp.
5.38%
EQIX
Equinix Inc
5.15%
KDCREIT
KEPPEL DC REIT
4.63%
UNIT
Uniti Group Inc
4.62%
WELL
Welltower Inc.
4.45%
DLR
Digital Realty Trust Inc
4.42%
SBAC
SBA Communications Corp - Ordinary Shares - Class A
4.32%
CCI
Crown Castle Inc
4.32%
SGRO
Segro Plc
2.68%
Invest with ROOF

What is ROOF?

IQ CBRE NextGen Real Estate ETF (ROOF) seeks investment results that correspond, before fees and expenses, generally to the price and yield performance of its underlying index, the IQ CBRE NextGen Real Estate Index. The Index is designed to provide exposure to real estate sectors and companies that are expected to benefit from large trends ("NextGen trends") affecting the global economy over a secular, multi-year time horizon.

ETFs related toROOF

ETFs correlated to ROOF include DFGR, AVRE, IYR

ROOF
IndexIQ ETF Trust - IQ CBRE NextGen Real Estate ETF
DFGR
Dimensional ETF Trust - Dimensional Global Real Estate ETF
AVRE
American Century ETF Trust - Avantis Real E state ETF
IYR
BlackRock Institutional Trust Company N.A. - iShares U.S. Real Estate ETF
FREL
Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
DRN
Direxion Shares ETF Trust - Direxion Daily Real Estate Bull 3X Shares
VNQ
Vanguard Group, Inc. - Vanguard Real Estate Index Fund ETF
SCHH
Schwab Strategic Trust - Schwab U.S. REIT ETF
ICF
BlackRock Institutional Trust Company N.A. - iShares Cohen & Steers REIT ETF
XLRE
SSgA Active Trust - Real Estate Select Sector SPDR Fund (The)
RWO
SSgA Active Trust - SPDR Dow Jones Global Real Estate 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 toROOF

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with ROOF using Composer

FAQ

ROOF is a US Equities ETF. IQ CBRE NextGen Real Estate ETF (ROOF) seeks investment results that correspond, before fees and expenses, generally to the price and yield performance of its underlying index, the IQ CBRE NextGen Real Estate Index. The Index is designed to provide exposure to real estate sectors and companies that are expected to benefit from large trends ("NextGen trends") affecting the global economy over a secular, multi-year time horizon.

ROOF tracks the IQ CBRE NextGen Real Estate Index.

No, ROOF 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, ROOF 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 ROOF is -0.0433%. This is the percent change in the value of ROOF over the most recent 1-month period. The 3-month return on ROOF is -0.0364%. This is the percent change in the value of ROOF over the most recent 3-month period.

The standard deviation of ROOF for the past year is 0.2284%. 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 ROOF include XLI, XLY, and XLV.

ETFs correlated to ROOF include DFGR, AVRE, and IYR.

ETFs that are inversely correlated to ROOF include DRV, SRS, and TZA.

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.