Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF
Top 10 Holdings
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
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.
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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.