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ETFs

Global X Funds Global X Alternative Income ETF

ALTY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 13 2015
Expense Ratio
0.50%
Type
US Diversified
Fund Owner
Global X
Volume (1m avg. daily)
$180,083
AUM
$35,518,270
Associated Index
Indxx SuperDividend Alternatives Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

QYLD
Global X Funds - Global X NASDAQ 100 Covered Call ETF
21.74%
EMBD
Global X Funds - Global X Emerging Markets Bond ETF
21.35%
PFFD
Global X Funds - Global X U.S. Preferred ETF
19.16%
SRET
Global X Funds - Global X SuperDividend REIT ETF
18.49%
n/a
OTHER PAYABLE & RECEIVABLES
2.08%
USAC
USA Compression Partners LP - Unit
1.70%
SUN
Sunoco LP - Unit
1.53%
MPLX
MPLX LP - Unit
1.46%
EPD
Enterprise Products Partners L P - Unit
1.42%
EIX
Edison International
1.34%
Invest with ALTY

What is ALTY?

Global X Alternative Income ETF (ALTY) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx SuperDividend Alternatives Index. The Indxx SuperDividend Alternatives Index seeks to provide exposure to different Alternative asset classes, with an objective of providing a diversified portfolio of assets with a low volatility and high dividend yield. The index seeks exposure to four asset classes: Infrastructure, Institutional Managers, Fixed Income and Global X SuperDividend REIT ETF. The Indxx SuperDividend Alternatives Index tracks the performance of among the highest dividend yielding securities in each category of alternative investments, as defined by the Index Sponsor. The Underlying Index may include exposure to the following classes of alternative investments: MLPs, infrastructure companies, REITs, mortgage REITs, emerging market debt and currency trading, business development companies ( BDCs ), private equity.

ETFs related toALTY

ETFs correlated to ALTY include AOA, AOR, HNDL

ALTY
Global X Funds - Global X Alternative Income ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
AOR
BlackRock Institutional Trust Company N.A. - iShares Core Growth Allocation ETF
HNDL
Strategy Shares - Nasdaq 7HANDL Index ETF 1.23x Shares
NFRA
FlexShares Trust - FlexShares STOXX Global Broad Infrastructure Index Fund
CGW
Invesco Capital Management LLC - Invesco S&P Global Water Index ETF
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
IGF
BlackRock Institutional Trust Company N.A. - iShares Global Infrastructure 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 toALTY

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#LSPC

Lever up S&P with a Commodity Hedge

Category

Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Moderate

Create your own algorithmic trading strategy with ALTY using Composer

FAQ

ALTY is a US Diversified ETF. Global X Alternative Income ETF (ALTY) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx SuperDividend Alternatives Index. The Indxx SuperDividend Alternatives Index seeks to provide exposure to different Alternative asset classes, with an objective of providing a diversified portfolio of assets with a low volatility and high dividend yield. The index seeks exposure to four asset classes: Infrastructure, Institutional Managers, Fixed Income and Global X SuperDividend REIT ETF. The Indxx SuperDividend Alternatives Index tracks the performance of among the highest dividend yielding securities in each category of alternative investments, as defined by the Index Sponsor. The Underlying Index may include exposure to the following classes of alternative investments: MLPs, infrastructure companies, REITs, mortgage REITs, emerging market debt and currency trading, business development companies ( BDCs ), private equity.

ALTY tracks the Indxx SuperDividend Alternatives Index.

ALTY dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, ALTY 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, ALTY 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 ALTY is -0.004%. This is the percent change in the value of ALTY over the most recent 1-month period. The 3-month return on ALTY is -0.0075%. This is the percent change in the value of ALTY over the most recent 3-month period.

The standard deviation of ALTY for the past year is 0.1249%. 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 ALTY include DRSK, FPEI, and RLY.

ETFs correlated to ALTY include AOA, AOR, and HNDL.

ETFs that are inversely correlated to ALTY include SPXU, SPXS, and SDS.

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.