Skip to Content

DriveWealth ICE 100 Index ETF

CETF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 25 2023
Expense Ratio
0.85%
Type
US Diversified
Fund Owner
DriveWealth
Volume (1m avg. daily)
$3,792
AUM
$1,976,417
Associated Index
ICE DriveWealth 100 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

EPOL
BlackRock Institutional Trust Company N.A. - iShares MSCI Poland ETF
1.20%
BOTZ
Global X Funds - Global X Funds Global X Robotics & Artificial Intelligence ETF
1.15%
DXJ
WisdomTree Trust - WisdomTree Japan Hedged Equity Fund
1.11%
ITB
BlackRock Institutional Trust Company N.A. - iShares U.S. Home Construction ETF
1.11%
XHB
SSgA Active Trust - SPDR Homebuilders ETF
1.09%
EWW
BlackRock Institutional Trust Company N.A. - iShares MSCI Mexico ETF
1.07%
ROBO
Exchange Traded Concepts Trust - ETCT ROBO Global Robotics and Automation Index ETF
1.05%
PAVE
Global X Funds - Global X U.S. Infrastructure Development ETF
1.04%
FEZ
SSgA Active Trust - SPDR EURO Stoxx 50 ETF
1.03%
FLGB
Franklin Templeton ETF Trust - Franklin FTSE United Kingdom ETF
1.03%
Invest with CETF

What is CETF?

The DriveWealth ICE 100 Index ETF seeks to provide investment results that, before fees and expenses, track the performance of the ICE DriveWealth 100 Index. The ICE DriveWealth 100 Index is a rules-based, equal-weighted index that tracks the performance of U.S.-listed Exchange Traded Funds (ETFs). The Index selects the 100 top ETFs based on a methodology that ranks eligible funds according to size, liquidity and risk-adjusted return.

ETFs related toCETF

ETFs correlated to CETF include FNDF, AVDE, DDWM

CETF
DriveWealth ETF Trust - DriveWealth ICE 100 Index ETF
FNDF
Schwab Strategic Trust - Schwab Fundamental International Large Company Index ETF
AVDE
American Century ETF Trust - Avantis International Equity ETF
DDWM
WisdomTree Trust - WisdomTree Dynamic Currency Hedged International Equity Fund
DFIV
Dimensional ETF Trust - Dimensional International Value ETF
IVLU
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Value Factor ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
FDT
First Trust Exchange-Traded Fund III - First Trust Developed Markets ex-US AlphaDEX Fund
EFV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Value ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International 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

CETF is a US Diversified ETF. The DriveWealth ICE 100 Index ETF seeks to provide investment results that, before fees and expenses, track the performance of the ICE DriveWealth 100 Index. The ICE DriveWealth 100 Index is a rules-based, equal-weighted index that tracks the performance of U.S.-listed Exchange Traded Funds (ETFs). The Index selects the 100 top ETFs based on a methodology that ranks eligible funds according to size, liquidity and risk-adjusted return.

CETF tracks the ICE DriveWealth 100 Index.

No, CETF 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, CETF 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 CETF is 0.0083%. This is the percent change in the value of CETF over the most recent 1-month period. The 3-month return on CETF is %. This is the percent change in the value of CETF over the most recent 3-month period.

ETFs similar to CETF include AOK, AOR, and FPEI.

ETFs correlated to CETF include FNDF, AVDE, and DDWM.

ETFs that are inversely correlated to CETF include EFZ, EPV, and SEF.

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.