Snapshot*
Top 10 Holdings
What is CHIM?
The Global X MSCI China Materials ETF (CHIM) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Materials 10/50 Index.
ETFs related toCHIM
ETFs correlated to CHIM include CHAU, KBA, ASHR
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 toCHIM
Follow the Global Trend
Pick the Trending Commodity
Create your own algorithmic trading strategy with CHIM using Composer
News Related to CHIM
China's Number One Shipbuilder Hit Hard By Global Macro In H1 But Its EV Spin-off Is Making Record Sales
Oct 5, 2023 • by Daniel Harrison
Glovista Investments Debuts China Sector Rotation Model Featuring Global X ETFs
Nov 6, 2019 • by ETF Professor
What Does The China Trade Deal Mean For Financial, Beef And Poultry Players?
May 22, 2017 • by BenzingaFAQ
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.