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ETFs

iPath Series B Bloomberg Cotton Subindex Total ReturnSM ETN

BAL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 17 2018
Expense Ratio
0.45%
Type
Global Commodities & Metals
Fund Owner
Barclays iPath
Volume (1m avg. daily)
$200,593
AUM
$275,364
Associated Index
Bloomberg Cotton Sub-Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Invest with BAL

What is BAL?

The iPath Series B Bloomberg Cotton Subindex Total Return ETNs (the "ETNs") are designed to provide exposure to the Bloomberg Cotton Subindex Total Return (the "Index"). The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on cotton. The Index currently consists of one futures contract on the commodity of cotton which is included in the Bloomberg Commodity Index Total Return.

ETFs related toBAL

ETFs correlated to BAL include GAPR, APRJ, USCA

BAL
Barclays Bank PLC - iPath Series B Bloomberg Cotton Subindex Total Return ETN
GAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - April
APRJ
Innovator ETFs Trust - Innovator Premium Income 30 Barrier ETF - April
USCA
DBX ETF Trust - Xtrackers MSCI USA Climate Action Equity ETF
MAYW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 May ETF
XMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March
FWD
AB Active ETFs Inc - AB Disruptors 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 toBAL

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BAL using Composer

FAQ

BAL is a Global Commodities & Metals ETF. The iPath Series B Bloomberg Cotton Subindex Total Return ETNs (the "ETNs") are designed to provide exposure to the Bloomberg Cotton Subindex Total Return (the "Index"). The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on cotton. The Index currently consists of one futures contract on the commodity of cotton which is included in the Bloomberg Commodity Index Total Return.

BAL tracks the Bloomberg Cotton Sub-Index.

No, BAL 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, BAL 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 BAL is 0.0517%. This is the percent change in the value of BAL over the most recent 1-month period. The 3-month return on BAL is 0.0426%. This is the percent change in the value of BAL over the most recent 3-month period.

The standard deviation of BAL for the past year is 0.4252%. 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 BAL include JO, CORN, and WEAT.

ETFs correlated to BAL include GAPR, APRJ, and USCA.

ETFs that are inversely correlated to BAL include EDZ, SCO, and EFZ.

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.