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ETFs

IndexIQ ETF Trust IQ U.S. Large Cap ETF

CLRG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 13 2017
Expense Ratio
0.25%
Type
US Equities
Fund Owner
Index IQ
Volume (1m avg. daily)
$658,837
AUM
$236,236,564
Associated Index
NASDAQ Chaikin Power US Large Cap Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with CLRG

What is CLRG?

IQ Chaikin U.S. Large Cap ETF seeks investment results that track (before fees and expenses) the price and yield performance of its underlying index, the NASDAQ Chaikin Power US Large Cap Index (the Underlying Index ). IQ Chaikin U.S. Large Cap ETF (CLRG) provides exposure to domestic large-cap equities through a multi-factor model. The NASDAQ Chaikin Power US Large Cap Index is a rules-based, quantitative index designed to enhance an existing index (NASDAQ US 300 Index) by selecting stocks with the highest Chaikin Power Gauge rating.

ETFs related toCLRG

ETFs correlated to CLRG include JHML, DSTL, RSP

CLRG
IndexIQ ETF Trust - IQ U.S. Large Cap ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
DSTL
ETF Series Solutions Trust - Distillate U.S. Fundamental Stability & Value ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF
TPLC
Timothy Plan - Timothy Plan US Large/Mid Cap Core ETF
TDVG
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Dividend Growth ETF
IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 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

CLRG is a US Equities ETF. IQ Chaikin U.S. Large Cap ETF seeks investment results that track (before fees and expenses) the price and yield performance of its underlying index, the NASDAQ Chaikin Power US Large Cap Index (the Underlying Index ). IQ Chaikin U.S. Large Cap ETF (CLRG) provides exposure to domestic large-cap equities through a multi-factor model. The NASDAQ Chaikin Power US Large Cap Index is a rules-based, quantitative index designed to enhance an existing index (NASDAQ US 300 Index) by selecting stocks with the highest Chaikin Power Gauge rating.

CLRG tracks the NASDAQ Chaikin Power US Large Cap Index.

No, CLRG 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, CLRG 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 CLRG is -0.018%. This is the percent change in the value of CLRG over the most recent 1-month period. The 3-month return on CLRG is 0.0013%. This is the percent change in the value of CLRG over the most recent 3-month period.

The standard deviation of CLRG for the past year is 0.1613%. 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 CLRG include QYLD, VXX, and VIXY.

ETFs correlated to CLRG include JHML, DSTL, and RSP.

ETFs that are inversely correlated to CLRG include SPDN, SH, and SPXU.

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.