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ETFs

Roundhill IO Digital Infrastructure ETF

BYTE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 28 2021
Expense Ratio
0.45%
Type
Global Equities
Fund Owner
Roundhill Financial
Volume (1m avg. daily)
$3,054
AUM
$2,755,439
Associated Index
IO Digital Infrastructure Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CCA
COGECO COMMUNICATIONS INC
7.79%
CMCSA
Comcast Corp - Ordinary Shares - Class A
7.48%
UNIT
Uniti Group Inc
7.14%
CHTR
Charter Communications Inc. - Ordinary Shares - Class A
6.17%
CABO
Cable One Inc
5.83%
EQIX
Equinix Inc
5.58%
ABB
Aussie Broadband Limited
5.25%
AMT
American Tower Corp.
4.52%
788
China Tower Corporation Limited - Ordinary Shares - Class H
3.86%
CCI
Crown Castle Inc
3.19%
Invest with BYTE

What is BYTE?

The Roundhill IO Digital Infrastructure ETF ( BYTE ETF ) is designed to offer investors exposure to digital infrastructure by seeking to provide investment results that track, before fees and expenses, the performance of the IO Digital Infrastructure Index ( BYTE Index ). Digital infrastructure is comprised of the high-tech physical assets that support the efficient storage and transmission of data, powering the internet. These assets include fixed-line, high-speed data transmission technology (such as fiber optic cable and certain last-mile technologies that bring data to and from the end-user); data centers; mobile towers and related infrastructure; and other long-lived physical infrastructure assets. The IO Digital Infrastructure Index is comprised of the common stock of 40 U.S. and foreign exchange-listed companies that earn a majority of their revenues from digital infrastructure assets.

ETFs related toBYTE

ETFs correlated to BYTE include IYZ, EQAL, SMOT

BYTE
Listed Funds Trust - Roundhill IO Digital Infrastructure ETF
IYZ
BlackRock Institutional Trust Company N.A. - iShares U.S. Telecommunications ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat ETF
SRVR
Pacer Funds Trust - Pacer Data & Infrastructure Real Estate ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
GSEW
Goldman Sachs ETF Trust - Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
BKMC
BNY Mellon ETF Trust - BNY Mellon US Mid Cap Core Equity 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

BYTE is a Global Equities ETF. The Roundhill IO Digital Infrastructure ETF ( BYTE ETF ) is designed to offer investors exposure to digital infrastructure by seeking to provide investment results that track, before fees and expenses, the performance of the IO Digital Infrastructure Index ( BYTE Index ). Digital infrastructure is comprised of the high-tech physical assets that support the efficient storage and transmission of data, powering the internet. These assets include fixed-line, high-speed data transmission technology (such as fiber optic cable and certain last-mile technologies that bring data to and from the end-user); data centers; mobile towers and related infrastructure; and other long-lived physical infrastructure assets. The IO Digital Infrastructure Index is comprised of the common stock of 40 U.S. and foreign exchange-listed companies that earn a majority of their revenues from digital infrastructure assets.

BYTE tracks the IO Digital Infrastructure Index.

No, BYTE 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, BYTE 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 BYTE is 0.0014%. This is the percent change in the value of BYTE over the most recent 1-month period. The 3-month return on BYTE is 0.0026%. This is the percent change in the value of BYTE over the most recent 3-month period.

The standard deviation of BYTE for the past year is 0.2403%. 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 BYTE include GDX, IXJ, and GDXJ.

ETFs correlated to BYTE include IYZ, EQAL, and SMOT.

ETFs that are inversely correlated to BYTE include REK, SRS, and TWM.

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.