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ETFs

iPath Series B Bloomberg Livestock Subindex Total ReturnSM ETN

COW
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 17 2018
Expense Ratio
0.45%
Type
Global Commodities & Metals
Fund Owner
Barclays iPath
Volume (1m avg. daily)
$88,905
AUM
$11,902,068
Associated Index
Bloomberg Livestock Sub-Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with COW

What is COW?

The iPath Series B Bloomberg Livestock Subindex Total Return ETNs (the "ETNs") are designed to provide exposure to the Bloomberg Livestock Subindex Total Return (the "Index"). The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on livestock commodities. The Index currently consists of two livestock commodities futures contracts (lean hogs and live cattle) which are included in the Bloomberg Commodity Index Total Return.

ETFs related toCOW

ETFs correlated to COW include DBA, PULT, PXJ

COW
Barclays Bank PLC - iPath Series B Bloomberg Livestock Subindex Total Return ETN
DBA
Invesco DB Multi-Sector Commodity Trust - Invesco DB Agriculture Fund
PULT
Putnam ETF Trust - Putnam ESG Ultra Short ETF
PXJ
Invesco Capital Management LLC - Invesco Dynamic Oil & Gas Services ETF
IEZ
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil Equipment & Services ETF
OIH
VanEck ETF Trust - VanEck Oil Services ETF
XES
SPDR Series Trust - SPDR Oil & Gas Equipment and Services ETF
ITA
BlackRock Institutional Trust Company N.A. - iShares U.S. Aerospace & Defense ETF
IXG
BlackRock Institutional Trust Company N.A. - iShares Global Financials ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
PPA
Invesco Capital Management LLC - Invesco Aerospace & Defense 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.

Automated Strategies
Related toCOW

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with COW using Composer

FAQ

COW is a Global Commodities & Metals ETF. The iPath Series B Bloomberg Livestock Subindex Total Return ETNs (the "ETNs") are designed to provide exposure to the Bloomberg Livestock Subindex Total Return (the "Index"). The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on livestock commodities. The Index currently consists of two livestock commodities futures contracts (lean hogs and live cattle) which are included in the Bloomberg Commodity Index Total Return.

COW tracks the Bloomberg Livestock Sub-Index.

No, COW 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, COW 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 COW is -0.0488%. This is the percent change in the value of COW over the most recent 1-month period. The 3-month return on COW is -0.0716%. This is the percent change in the value of COW over the most recent 3-month period.

The standard deviation of COW 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 COW include JJP, JJG, and JJS.

ETFs correlated to COW include DBA, PULT, and PXJ.

ETFs that are inversely correlated to COW include BNKD, ERY, and DUG.

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.