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ETFs

Franklin Emerging Market Core Dividend Tilt Index ETF

DIEM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 01 2016
Expense Ratio
0.19%
Type
Global Ex. US Equities
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$22,400
AUM
$11,665,000
Associated Index
Morningstar Emerging Markets Dividend Enhanced Select Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

2330
Taiwan Semiconductor Manufacturing
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Tencent Holdings Ltd.
2.68%
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Samsung Electronics
2.62%
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Infosys Ltd
1.47%
9988
Alibaba Group Holding Ltd
1.34%
939
China Construction Bank Corp. - Ordinary Shares - Class H
1.34%
VALE3
Vale S.A.
1.24%
2317
Hon Hai Precision Industry
1.09%
2454
Media Tek Inc
1.06%
500180
HDFC Bank Ltd.
0.99%
Invest with DIEM

What is DIEM?

Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) will seek to provide investment results that closely correspond, before fees and expenses, to the performance of the Morningstar Emerging Markets Dividend Enhanced Select Index (the Underlying Index). The Underlying Index is a systematic, rules-based proprietary index that is maintained and calculated by Morningstar, Inc. The Underlying Index starts from the Morningstar Emerging Markets Target Market Exposure Index (Parent Index) and aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index (i.e., to provide a "dividend tilt" through the selection and weighting of securities from the Parent Index). The Parent Index is designed to cover 85% of the float-adjusted market capitalization of emerging equity markets.

ETFs related toDIEM

ETFs correlated to DIEM include DFAE, EEM, IEMG

DIEM
Franklin Templeton ETF Trust - Franklin Emerging Market Core Dividend Tilt Index ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
EDC
Direxion Shares ETF Trust - Direxion Daily Emerging Markets Bull 3X Shares
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
GEM
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF
ESGE
iShares Trust - iShare Inc iShares ESG Aware MSCI EM ETF
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF
SCHE
Schwab Strategic Trust - Schwab Emerging Markets 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.

Automated Strategies
Related toDIEM

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with DIEM using Composer

FAQ

DIEM is a Global Ex. US Equities ETF. Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) will seek to provide investment results that closely correspond, before fees and expenses, to the performance of the Morningstar Emerging Markets Dividend Enhanced Select Index (the Underlying Index). The Underlying Index is a systematic, rules-based proprietary index that is maintained and calculated by Morningstar, Inc. The Underlying Index starts from the Morningstar Emerging Markets Target Market Exposure Index (Parent Index) and aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index (i.e., to provide a "dividend tilt" through the selection and weighting of securities from the Parent Index). The Parent Index is designed to cover 85% of the float-adjusted market capitalization of emerging equity markets.

DIEM tracks the Morningstar Emerging Markets Dividend Enhanced Select Index.

DIEM dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, DIEM 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, DIEM 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 DIEM is 0.0035%. This is the percent change in the value of DIEM over the most recent 1-month period. The 3-month return on DIEM is -0.0069%. This is the percent change in the value of DIEM over the most recent 3-month period.

The standard deviation of DIEM for the past year is 0.1779%. 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 DIEM include PBW, IGF, and ARKK.

ETFs correlated to DIEM include DFAE, EEM, and IEMG.

ETFs that are inversely correlated to DIEM include EDZ, YANG, and EFZ.

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.