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ETFs

iShares U.S. Tech Breakthrough Multisector ETF

TECB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 08 2020
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$867,456
AUM
$295,282,405
Associated Index
NYSE FactSet U.S.Tech Breakthrough Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

REGN
Regeneron Pharmaceuticals, Inc.
4.47%
META
Meta Platforms Inc - Ordinary Shares - Class A
4.39%
NVDA
NVIDIA Corp
4.24%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
4.18%
AMZN
Amazon.com Inc.
4.16%
ADBE
Adobe Inc
3.92%
CRM
Salesforce Inc
3.88%
AAPL
Apple Inc
3.87%
MSFT
Microsoft Corporation
3.79%
ORCL
Oracle Corp.
3.74%
Invest with TECB

What is TECB?

The iShares U.S. Tech Breakthrough Multisector ETF (the Fund ) seeks to track the investment results of an index composed of U.S. companies that could benefit from various breakthrough technologies, including robotics and artificial intelligence, cloud and data tech, cybersecurity, genomics and immunology, and financial technology.

ETFs related toTECB

ETFs correlated to TECB include IGM, TQQQ, QQQ

TECB
iShares Trust - iShares U.S. Tech Breakthrough Multisector ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
VGT
Vanguard Group, Inc. - Vanguard Information Technology 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 toTECB

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TECB using Composer

FAQ

TECB is a US Equities ETF. The iShares U.S. Tech Breakthrough Multisector ETF (the Fund ) seeks to track the investment results of an index composed of U.S. companies that could benefit from various breakthrough technologies, including robotics and artificial intelligence, cloud and data tech, cybersecurity, genomics and immunology, and financial technology.

TECB tracks the NYSE FactSet U.S.Tech Breakthrough Index.

No, TECB 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, TECB 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 TECB is -0.0124%. This is the percent change in the value of TECB over the most recent 1-month period. The 3-month return on TECB is -0.0049%. This is the percent change in the value of TECB over the most recent 3-month period.

The standard deviation of TECB for the past year is 0.2416%. 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 TECB include XLI, XLY, and XLV.

ETFs correlated to TECB include IGM, TQQQ, and QQQ.

ETFs that are inversely correlated to TECB include SQQQ, QID, and PSQ.

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.