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BlackRock Future Health ETF

BMED
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 29 2020
Expense Ratio
0.85%
Type
Global Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$6,986
AUM
$5,785,821
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Dividend
No
Prospectus

Top 10 Holdings

VRTX
Vertex Pharmaceuticals, Inc.
2.82%
XTSLA
BLK CSH FND TREASURY SL AGENCY
2.78%
ALC
Alcon Inc. - Registered Shares
2.74%
MTD
Mettler-Toledo International, Inc.
2.46%
BSX
Boston Scientific Corp.
2.45%
ISRG
Intuitive Surgical Inc
2.32%
ABC
Amerisource Bergen Corp.
2.30%
RMD
Resmed Inc.
2.29%
PEN
Penumbra Inc
2.13%
PODD
Insulet Corporation
2.12%
Invest with BMED

What is BMED?

BlackRock Future Health ETF will invest at least 80% of its net assets plus any borrowings for investment purposes in equity securities of companies principally engaged in the health sciences group of industries. Companies in the health sciences group of industries include health care providers as well as businesses involved in researching, developing, producing, distributing or delivering medical, dental, optical, pharmaceutical or biotechnology products, supplies, equipment or services or that provide support services to these companies. These companies also include those that own or operate health facilities and hospitals or provide related administrative, management or financial support. Other companies in the health sciences group of industries in which the Fund may invest include: clinical testing laboratories; diagnostics; hospital, laboratory or physician ancillary products and support services; rehabilitation services; employer health insurance management services; and vendors of goods and services specifically to companies engaged in the health sciences. The Fund will concentrate its investments in the health sciences group of industries.

ETFs related toBMED

ETFs correlated to BMED include GDEF, GDOC, WDNA

BMED
BlackRock ETF Trust - BlackRock Future Health ETF
GDEF
Goldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
GDOC
Goldman Sachs ETF Trust - Goldman Sachs Future Health Care Equity ETF
WDNA
WisdomTree Trust - WisdomTree BioRevolution Fund
HTEC
Exchange Traded Concepts Trust - ROBO Global Healthcare Technology and Innovation ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
XHE
SPDR Series Trust - SPDR S&P Health Care Equipment ETF
MDEV
First Trust Exchange-Traded Fund VI - First Trust Indxx Medical Devices ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
HELX
Franklin Templeton ETF Trust - Franklin Genomic Advancements ETF
AGNG
Global X Funds - Global X Aging Population 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.

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.