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ProShares MSCI Transformational Changes ETF

ANEW
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 14 2020
Expense Ratio
0.45%
Type
Global Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$35,773
AUM
$14,766,285
Associated Index
MSCI Global Transformational Changes Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

META
Meta Platforms Inc - Ordinary Shares - Class A
3.05%
700
Tencent Holdings Ltd.
2.42%
NVDA
NVIDIA Corp
2.39%
9988
Alibaba Group Holding Ltd
2.38%
BKNG
Booking Holdings Inc
2.33%
NFLX
Netflix Inc.
2.31%
DIS
Walt Disney Co (The)
2.20%
IFF
International Flavors & Fragrances Inc.
2.11%
ADBE
Adobe Inc
2.08%
AMZN
Amazon.com Inc.
2.01%
Invest with ANEW

What is ANEW?

ProShares MSCI Transformational Changes ETF seeks investment results, before fees and expenses, that track the performance of the MSCI Global Transformational Changes Index. ProShares MSCI Transformational Changes ETF (ANEW) invests in companies which may benefit from transformational changes in how we work, take care of our health, and consume and connect changes accelerated by COVID-19. The index selects U.S., non-U.S., developed, and emerging market companies that provide products or services associated with one or more of four Transformational Changes, as determined by MSCI Inc.

ETFs related toANEW

ETFs correlated to ANEW include QQQE, QQEW, XT

ANEW
ProShares Trust - ProShares MSCI Transformational Changes ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
JGRO
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF
CGGO
Capital Group Companies Inc - Capital Group Global Growth Equity 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 toANEW

#BITO

Bitcoin Futures

Category

Benchmarks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with ANEW using Composer

FAQ

ANEW is a Global Equities ETF. ProShares MSCI Transformational Changes ETF seeks investment results, before fees and expenses, that track the performance of the MSCI Global Transformational Changes Index. ProShares MSCI Transformational Changes ETF (ANEW) invests in companies which may benefit from transformational changes in how we work, take care of our health, and consume and connect changes accelerated by COVID-19. The index selects U.S., non-U.S., developed, and emerging market companies that provide products or services associated with one or more of four Transformational Changes, as determined by MSCI Inc.

The top holdings for ANEW include Meta Platforms Inc - Ordinary Shares - Class A, Tencent Holdings Ltd., and NVIDIA Corp.

ANEW has 166 total holdings.

ANEW tracks the MSCI Global Transformational Changes Index.

No, ANEW 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, ANEW 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 ANEW is 0.0869%. This is the percent change in the value of ANEW over the most recent 1-month period. The 3-month return on ANEW is 0.183%. This is the percent change in the value of ANEW over the most recent 3-month period.

The standard deviation of ANEW for the past year is 0.2823%. 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 ANEW include EEMV, TAN, and PBW.

ETFs correlated to ANEW include QQQE, QQEW, and XT.

ETFs that are inversely correlated to ANEW include HIBS, PSQ, and SQQQ.

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.