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ETFs

BlackRock Future Tech ETF

BTEK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 29 2020
Expense Ratio
0.88%
Type
Global Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$20,129
AUM
$12,879,596
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NVDA
NVIDIA Corp
5.54%
SNPS
Synopsys, Inc.
4.65%
TSLA
Tesla Inc
2.80%
ASM
ASM International NV
2.72%
JBL
Jabil Inc
2.49%
LSCC
Lattice Semiconductor Corp.
2.45%
INF
Informa Plc
2.40%
XTSLA
BLK CSH FND TREASURY SL AGENCY
2.25%
ON
ON Semiconductor Corp.
2.22%
PSTG
Pure Storage Inc - Ordinary Shares - Class A
2.02%
Invest with BTEK

What is BTEK?

BlackRock Future Tech ETF will invest at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. and non-U.S.technology and technology-related companies in any market capitalization range, selected for their rapid and sustainable growth potential from the development, advancement and use of technology. Technology or technology-related companies may include companies operating in any industry, including, but not limited to software, IT services, technology hardware, storage and peripherals, communications equipment, electronic equipment, instruments and components, semiconductors and semiconductor equipment, media, interactive home entertainment, interactive media and services, internet retail, consumer finance, life sciences tools & services, biotechnology, health care technology, diversified telecom services and wireless telecom services. It is anticipated that the Fund s investments will be focused on companies within such industries that BFA expects will generate a majority of their revenues from the development, advancement, use or sale of new and emerging, or next generation, technology-related products, processes or services. There is no assurance, however, that any of the Fund s assets will be invested in such companies at any time. BFA determines, in its discretion, whether a company is a technology or technology-related company.

ETFs related toBTEK

ETFs correlated to BTEK include WTAI, FXL, XNTK

BTEK
BlackRock ETF Trust - BlackRock Future Tech ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
AIQ
Global X Funds - Global X Artificial Intelligence & Technology 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

BTEK is a Global Equities ETF. BlackRock Future Tech ETF will invest at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. and non-U.S.technology and technology-related companies in any market capitalization range, selected for their rapid and sustainable growth potential from the development, advancement and use of technology. Technology or technology-related companies may include companies operating in any industry, including, but not limited to software, IT services, technology hardware, storage and peripherals, communications equipment, electronic equipment, instruments and components, semiconductors and semiconductor equipment, media, interactive home entertainment, interactive media and services, internet retail, consumer finance, life sciences tools & services, biotechnology, health care technology, diversified telecom services and wireless telecom services. It is anticipated that the Fund s investments will be focused on companies within such industries that BFA expects will generate a majority of their revenues from the development, advancement, use or sale of new and emerging, or next generation, technology-related products, processes or services. There is no assurance, however, that any of the Fund s assets will be invested in such companies at any time. BFA determines, in its discretion, whether a company is a technology or technology-related company.

Yes, BTEK 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, BTEK 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 BTEK is -0.0358%. This is the percent change in the value of BTEK over the most recent 1-month period. The 3-month return on BTEK is -0.0291%. This is the percent change in the value of BTEK over the most recent 3-month period.

The standard deviation of BTEK for the past year is 0.2576%. 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 BTEK include PBW, IGF, and ARKK.

ETFs correlated to BTEK include WTAI, FXL, and XNTK.

ETFs that are inversely correlated to BTEK include HIBS, SQQQ, and PSQ.

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.