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ETFs

Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF

BLKC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 07 2021
Expense Ratio
0.61%
Type
Global Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$5,930
AUM
$2,499,404
Associated Index
Alerian Galaxy Global Blockchain Equity, Trusts and ETPs Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GBTC
Grayscale Bitcoin Trust BTC
15.07%
4755
Rakuten Group Inc.
1.73%
HON
Honeywell International Inc
1.67%
BTDR
Bitdeer Technologies Holding Co - Ordinary Shares - Class A
1.67%
BHP
BHP Group Limited
1.66%
SHELL
Shell Plc
1.65%
GS
Goldman Sachs Group, Inc.
1.64%
JPM
JPMorgan Chase & Co.
1.64%
QCOM
Qualcomm, Inc.
1.64%
APLD
Applied Digital Corporation
1.63%
Invest with BLKC

What is BLKC?

The Invesco Galaxy Blockchain Economy ETF (Fund) is based on the Alerian Galaxy Global Blockchain Equity, Trusts and ETPs Index (Index). The Fund will generally invest 80% of its total net assets in securities that comprise the Index. The Index is comprised of stocks of companies that are materially engaged in the development of blockchain technology, cryptocurrency mining, cryptocurrency buying, or enabling technologies and exchange-traded products ( ETPs ) and private investment trusts traded over-the-counter that are linked to cryptocurrencies. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and Index are rebalanced monthly.

ETFs related toBLKC

ETFs correlated to BLKC include BLOK, BKCH, FDIG

BLKC
Invesco Exchange-Traded Fund Trust II - Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
BKCH
Global X Funds - Global X Blockchain ETF
FDIG
Fidelity Covington Trust - Fidelity Crypto Industry and Digital Payments ETF
WGMI
Valkyrie ETF Trust II - Valkyrie Bitcoin Miners ETF
CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse 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

BLKC is a Global Equities ETF. The Invesco Galaxy Blockchain Economy ETF (Fund) is based on the Alerian Galaxy Global Blockchain Equity, Trusts and ETPs Index (Index). The Fund will generally invest 80% of its total net assets in securities that comprise the Index. The Index is comprised of stocks of companies that are materially engaged in the development of blockchain technology, cryptocurrency mining, cryptocurrency buying, or enabling technologies and exchange-traded products ( ETPs ) and private investment trusts traded over-the-counter that are linked to cryptocurrencies. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and Index are rebalanced monthly.

BLKC tracks the Alerian Galaxy Global Blockchain Equity, Trusts and ETPs Index.

No, BLKC 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, BLKC 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 BLKC is -0.0211%. This is the percent change in the value of BLKC over the most recent 1-month period. The 3-month return on BLKC is -0.0071%. This is the percent change in the value of BLKC over the most recent 3-month period.

The standard deviation of BLKC for the past year is 0.3672%. 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 BLKC include PBW, IGF, and ARKK.

ETFs correlated to BLKC include BLOK, BKCH, and FDIG.

ETFs that are inversely correlated to BLKC include SARK, HIBS, and PSQ.

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.