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ETFs

Horizon Kinetics Blockchain Development ETF

BCDF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 1, 2022
Expense Ratio
0.85%
Type
Global Equities
Fund Owner
Horizon Kinetics
Volume (1m avg. daily)
$13,763
AUM
$3,146,700
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
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Cboe Global Markets Inc.
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Urbana Corp. - Ordinary Shares - Class A
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Intercontinental Exchange Inc
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SAIC
Science Applications International Corp.
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X
TMX Group Ltd
4.97%
LSEG
London Stock Exchange Group
4.96%
SOU
Singapore Exchange Limited
4.88%
Invest with BCDF

What is BCDF?

The Horizon Kinetics Blockchain Development ETF is an actively managed ETF that seeks long-term growth of capital. It seeks to achieve its investment objective by investing primarily in equity securities that stand to benefit, either directly or indirectly, from the issuance, facilitation, custody, trading and administration of digital assets, including cryptocurrencies. The Fund focuses on the application of the blockchain technology that typically supports digital assets, and is not designed to be dependent upon the success of any individual cryptocurrency or protocol.

ETFs related toBCDF

ETFs correlated to BCDF include AOA, VT, ACWI

BCDF
Listed Funds Trust - Horizon Kinetics Blockchain Development ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
CGGO
Capital Group Companies Inc - Capital Group Global Growth Equity ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market 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 toBCDF

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with BCDF using Composer

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FAQ

BCDF is a Global Equities ETF. The Horizon Kinetics Blockchain Development ETF is an actively managed ETF that seeks long-term growth of capital. It seeks to achieve its investment objective by investing primarily in equity securities that stand to benefit, either directly or indirectly, from the issuance, facilitation, custody, trading and administration of digital assets, including cryptocurrencies. The Fund focuses on the application of the blockchain technology that typically supports digital assets, and is not designed to be dependent upon the success of any individual cryptocurrency or protocol.

Yes, BCDF 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, BCDF 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 BCDF is -0.024%. This is the percent change in the value of BCDF over the most recent 1-month period. The 3-month return on BCDF is -0.0104%. This is the percent change in the value of BCDF over the most recent 3-month period.

The standard deviation of BCDF for the past year is 0.1926%. 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 BCDF include PBW, IGF, and ARKK.

ETFs correlated to BCDF include AOA, VT, and ACWI.

ETFs that are inversely correlated to BCDF include SPDN, SDS, and SPXS.

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.