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ETFs

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)
$5,135
AUM
$3,618,456
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

VRTX
Vertex Pharmaceuticals, Inc.
3.10%
BSX
Boston Scientific Corp.
3.10%
ARGX
Argen X SE - ADR
3.05%
ALC
Alcon Inc. - Registered Shares
3.04%
XTSLA
BLK CSH FND TREASURY SL AGENCY
3.04%
LLY
Lilly(Eli) & Co
2.91%
AMGN
AMGEN Inc.
2.88%
COR
Cencora Inc.
2.75%
WST
West Pharmaceutical Services, Inc.
2.73%
ISRG
Intuitive Surgical Inc
2.19%
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 FXH, RSPH, IBB

BMED
BlackRock ETF Trust - BlackRock Future Health ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
RSPH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
XHE
SPDR Series Trust - SPDR S&P Health Care Equipment ETF
IHI
BlackRock Institutional Trust Company N.A. - iShares U.S. Medical Devices ETF
PINK
Simplify Exchange Traded Funds - Simplify Health Care ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
GNOM
Global X Funds - Global X Genomics & Biotechnology 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 toBMED

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with BMED using Composer

FAQ

BMED is a Global Equities ETF. 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.

Yes, BMED 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, BMED 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 BMED is -0.0386%. This is the percent change in the value of BMED over the most recent 1-month period. The 3-month return on BMED is -0.0769%. This is the percent change in the value of BMED over the most recent 3-month period.

The standard deviation of BMED for the past year is 0.1638%. 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 BMED include IXJ, SMH, and URA.

ETFs correlated to BMED include FXH, RSPH, and IBB.

ETFs that are inversely correlated to BMED include SH, SDS, and SPDN.

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.