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ETFs

Franklin Exponential Data ETF

XDAT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 12 2021
Expense Ratio
0.50%
Type
Global Equities
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$5,643
AUM
$3,561,999
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
8.46%
MDB
MongoDB Inc - Ordinary Shares - Class A
7.18%
PANW
Palo Alto Networks Inc
4.96%
NOW
ServiceNow Inc
4.95%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
4.93%
DDOG
Datadog Inc - Ordinary Shares - Class A
4.65%
EQIX
Equinix Inc
4.48%
SNOW
Snowflake Inc - Ordinary Shares - Class A
3.85%
FICO
Fair, Isaac Corp.
3.65%
CRWD
Crowdstrike Holdings Inc - Ordinary Shares - Class A
3.58%
Invest with XDAT

What is XDAT?

XDAT Seeks capital appreciation by investing in companies focused on or expected to benefit from the creation, collection, cleaning, analyzing, storage, securing, transport, selling, and/or use of data. It provides access to companies that the investment manager believes benefit from or facilitate big data, data infrastructure, data analytics, and innovative use cases and applications of data which include artificial intelligence, augmented and virtual reality, software-as-a-service, personalized advertising and personalized healthcare among others.

ETFs related toXDAT

ETFs correlated to XDAT include SKYY, WCLD, THNQ

XDAT
Franklin Templeton ETF Trust - Franklin Exponential Data ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services 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
HACK
ETF Managers Group LLC - ETFMG Prime Cyber Security ETF
CIBR
First Trust Exchange-Traded Fund III - First Trust NASDAQ Cybersecurity 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 toXDAT

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with XDAT using Composer

FAQ

XDAT is a Global Equities ETF. XDAT Seeks capital appreciation by investing in companies focused on or expected to benefit from the creation, collection, cleaning, analyzing, storage, securing, transport, selling, and/or use of data. It provides access to companies that the investment manager believes benefit from or facilitate big data, data infrastructure, data analytics, and innovative use cases and applications of data which include artificial intelligence, augmented and virtual reality, software-as-a-service, personalized advertising and personalized healthcare among others.

Yes, XDAT 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, XDAT 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 XDAT is -0.0114%. This is the percent change in the value of XDAT over the most recent 1-month period. The 3-month return on XDAT is -0.0272%. This is the percent change in the value of XDAT over the most recent 3-month period.

The standard deviation of XDAT for the past year is 0.298%. 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 XDAT include IXJ, SMH, and URA.

ETFs correlated to XDAT include SKYY, WCLD, and THNQ.

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

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.