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ETFs

Amplify Digital & Online Trading ETF

BIDS
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Sep 22 2021
Expense Ratio
0.59%
Type
Global Equities
Fund Owner
Amplify Investments
Volume (1m avg. daily)
$177
AUM
$340,017
Associated Index
BlueStar Global E-Brokers and Digital Capital Markets Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

COIN
Coinbase Global Inc - Ordinary Shares - Class A
8.20%
IBKR
Interactive Brokers Group Inc - Ordinary Shares - Class A
7.49%
SOFI
SoFi Technologies Inc
7.47%
TW
Tradeweb Markets Inc - Ordinary Shares Cls A
7.30%
XP
XP Inc - Ordinary Shares - Class A
6.64%
MKTX
MarketAxess Holdings Inc.
6.56%
SCHW
Charles Schwab Corp.
5.97%
8698
Monex Group, Inc.
4.90%
FTK
FLATEXDEGIRO AG
4.90%
VIRT
Virtu Financial Inc - Ordinary Shares - Class A
4.59%
Invest with BIDS

What is BIDS?

BIDS is a portfolio of companies engaged in the growing trend of digital asset and online investing. BIDS seeks investment results that correspond generally to the BlueStar Global E-Brokers and Digital Capital Markets Index. The Index is a global index that tracks the performance of companies engaged in online securities brokerage and lending, market making and digital asset capital markets. To be eligible for inclusion in the Index, a company must derive at least 50% of their revenues or operating activity from the following: online brokerage or trading platforms (including self-directed wealth management platforms and robo-advisors), online lending platforms that also offer electronic brokerage ( e-brokerage ) services, market making, or digital asset capital market activities.

ETFs related toBIDS

ETFs correlated to BIDS include ARKF, BLOK, ARKW

BIDS
Amplify ETF Trust - Amplify Digital & Online Trading ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics 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.

FAQ

BIDS is a Global Equities ETF. BIDS is a portfolio of companies engaged in the growing trend of digital asset and online investing. BIDS seeks investment results that correspond generally to the BlueStar Global E-Brokers and Digital Capital Markets Index. The Index is a global index that tracks the performance of companies engaged in online securities brokerage and lending, market making and digital asset capital markets. To be eligible for inclusion in the Index, a company must derive at least 50% of their revenues or operating activity from the following: online brokerage or trading platforms (including self-directed wealth management platforms and robo-advisors), online lending platforms that also offer electronic brokerage ( e-brokerage ) services, market making, or digital asset capital market activities.

BIDS tracks the BlueStar Global E-Brokers and Digital Capital Markets Index.

No, BIDS 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, BIDS 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 BIDS is 0.0026%. This is the percent change in the value of BIDS over the most recent 1-month period. The 3-month return on BIDS is -0.0708%. This is the percent change in the value of BIDS over the most recent 3-month period.

The standard deviation of BIDS for the past year is 0.337%. 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 BIDS include KWEB, IXN, and IXC.

ETFs correlated to BIDS include ARKF, BLOK, and ARKW.

ETFs that are inversely correlated to BIDS include SARK, HDGE, and HIBS.

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.