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ETFs

IndexIQ ETF Trust IQ U.S. Small Cap ETF

CSML
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 16 2017
Expense Ratio
0.35%
Type
US Equities
Fund Owner
Index IQ
Volume (1m avg. daily)
$123,122
AUM
$173,496,232
Associated Index
NASDAQ Chaikin Power US Small Cap Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

USM
United States Cellular Corporation
0.40%
STRL
Sterling Infrastructure Inc
0.39%
NWLI
National Western Life Group Inc - Ordinary Shares - Class A
0.38%
FOR
Forestar Group Inc - Ordinary Shares New
0.35%
BBIO
BridgeBio Pharma Inc
0.34%
BCC
Boise Cascade Co
0.34%
MPLN
MultiPlan Corp - Ordinary Shares - Class A
0.33%
IESC
IES Holdings Inc
0.32%
AEL
American Equity Investment Life Holding Co
0.30%
MATX
Matson Inc
0.30%
Invest with CSML

What is CSML?

IQ Chaikin U.S. Small 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 Small Cap Index (the Underlying Index ). IQ Chaikin U.S. Small Cap ETF (CSML) provides exposure to domestic small--cap equities through a multi-factor model, The Chaikin Power Gauge. The diversified U.S. Small Cap Fund can serve as a core component to a portfolio. The Chaikin Power Gauge is a 20 factor quantitative model which combines fundamental, earnings, technical and sentiment components to select stocks with the potential to provide enhanced returns over time. The Fund typically consists of 200-350 equally weighted securities with the highest Power Gauge ratings.

ETFs related toCSML

ETFs correlated to CSML include AVSC, DFAS, IWN

CSML
IndexIQ ETF Trust - IQ U.S. Small Cap ETF
AVSC
American Century ETF Trust - Avantis U.S Small Cap Equity ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
IWN
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Value ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
EES
WisdomTree Trust - WisdomTree U.S. SmallCap Fund

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

CSML is a US Equities ETF. IQ Chaikin U.S. Small 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 Small Cap Index (the Underlying Index ). IQ Chaikin U.S. Small Cap ETF (CSML) provides exposure to domestic small--cap equities through a multi-factor model, The Chaikin Power Gauge. The diversified U.S. Small Cap Fund can serve as a core component to a portfolio. The Chaikin Power Gauge is a 20 factor quantitative model which combines fundamental, earnings, technical and sentiment components to select stocks with the potential to provide enhanced returns over time. The Fund typically consists of 200-350 equally weighted securities with the highest Power Gauge ratings.

CSML tracks the NASDAQ Chaikin Power US Small Cap Index.

No, CSML 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, CSML 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 CSML is -0.0366%. This is the percent change in the value of CSML over the most recent 1-month period. The 3-month return on CSML is -0.0158%. This is the percent change in the value of CSML over the most recent 3-month period.

The standard deviation of CSML for the past year is 0.2038%. 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 CSML include PKW, VIXY, and XYLD.

ETFs correlated to CSML include AVSC, DFAS, and IWN.

ETFs that are inversely correlated to CSML include RWM, TZA, and TWM.

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.