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ETFs

Putnam BioRevolution ETF

SYNB
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Sep 29 2022
Expense Ratio
0.70%
Type
Global Equities
Fund Owner
Putnam Investments
Volume (1m avg. daily)
$2,818
AUM
$4,686,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

TMO
Thermo Fisher Scientific Inc.
7.28%
DHR
Danaher Corp.
5.94%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
5.46%
BIO
Bio-Rad Laboratories Inc. - Ordinary Shares - Class A
5.15%
NVDA
NVIDIA Corp
4.44%
LLY
Lilly(Eli) & Co
3.97%
CTVA
Corteva Inc
3.94%
LULU
Lululemon Athletica inc.
3.83%
NVZMY
Novozymes AS - ADR
3.71%
DD
DuPont de Nemours Inc
3.56%
Invest with SYNB

What is SYNB?

The fund invests mainly in common stocks (growth or value stocks or both) of companies worldwide of any size with a focus on "biology revolution" companies. Biology revolution companies are companies that the fund's investment manager, Putnam Investment Management, LLC ("Putnam Management") believes offer the opportunity to capitalize on a convergence of technological developments in the life sciences sector that change the ability to understand and design biology to scale and include technology-enabling companies, biotechnology or "synthetic biology companies", and existing companies that may benefit from the biology revolution in certain cases by reducing operational risks (i.e., providing supply chain redundancy or sourcing of new or rare materials), mitigating environmental risks (i.e., reducing greenhouse gas emissions), and/or fostering consumer demand for the company's products.

ETFs related toSYNB

ETFs correlated to SYNB include XAUG, URTH, SUSA

SYNB
Putnam ETF Trust - Putnam BioRevolution ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
SUSA
BlackRock Institutional Trust Company N.A. - MSCI USA ESG Select ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock 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

SYNB is a Global Equities ETF. The fund invests mainly in common stocks (growth or value stocks or both) of companies worldwide of any size with a focus on "biology revolution" companies. Biology revolution companies are companies that the fund's investment manager, Putnam Investment Management, LLC ("Putnam Management") believes offer the opportunity to capitalize on a convergence of technological developments in the life sciences sector that change the ability to understand and design biology to scale and include technology-enabling companies, biotechnology or "synthetic biology companies", and existing companies that may benefit from the biology revolution in certain cases by reducing operational risks (i.e., providing supply chain redundancy or sourcing of new or rare materials), mitigating environmental risks (i.e., reducing greenhouse gas emissions), and/or fostering consumer demand for the company's products.

Yes, SYNB is actively 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.

No, SYNB is not passively managed. It is actively 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 SYNB is -0.0268%. This is the percent change in the value of SYNB over the most recent 1-month period. The 3-month return on SYNB is -0.0133%. This is the percent change in the value of SYNB over the most recent 3-month period.

ETFs similar to SYNB include PBW, IGF, and ARKK.

ETFs correlated to SYNB include XAUG, URTH, and SUSA.

ETFs that are inversely correlated to SYNB include SDS, SPXU, and SH.

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.