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ETFs

Global X Funds Global X E-commerce ETF

EBIZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 27 2018
Expense Ratio
0.50%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$413,558
AUM
$51,741,934
Associated Index
Solactive E-commerce Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SE
Sea Ltd - ADR
5.70%
SHOP
Shopify Inc - Ordinary Shares - Class A
5.17%
MELI
MercadoLibre Inc
5.03%
BKNG
Booking Holdings Inc
4.57%
AMZN
Amazon.com Inc.
4.48%
TCOM
Trip.com Group Ltd - ADR
4.32%
PDD
PDD Holdings Inc - ADR
4.32%
VIPS
Vipshop Holdings Ltd - ADR
4.31%
NTES
NetEase Inc - ADR
4.28%
4755
Rakuten Group Inc.
4.11%
Invest with EBIZ

What is EBIZ?

The Global X E-commerce ETF (EBIZ) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive E-commerce Index. The Global X E-commerce ETF (EBIZ) seeks to invest in companies positioned to benefit from the increased adoption of E-commerce as a distribution model, including companies whose principal business is in operating E-commerce platforms, providing E-commerce software and services, and/or selling goods and services online.

ETFs related toEBIZ

ETFs correlated to EBIZ include IBUY, ONLN, IRBO

EBIZ
Global X Funds - Global X E-commerce ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
ONLN
ProShares Trust - ProShares Online Retail ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
ESPO
VanEck ETF Trust - VanEck Video Gaming and eSports ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
RXI
BlackRock Institutional Trust Company N.A. - iShares Global Consumer Discretionary ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology 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 toEBIZ

#SIN

Safety in Sin Stocks

Category

Grow Your Portfolio

Risk Rating

Aggressive

Create your own algorithmic trading strategy with EBIZ using Composer

FAQ

EBIZ is a Global Ex. US Equities ETF. The Global X E-commerce ETF (EBIZ) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive E-commerce Index. The Global X E-commerce ETF (EBIZ) seeks to invest in companies positioned to benefit from the increased adoption of E-commerce as a distribution model, including companies whose principal business is in operating E-commerce platforms, providing E-commerce software and services, and/or selling goods and services online.

EBIZ tracks the Solactive E-commerce Index.

No, EBIZ 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, EBIZ 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 EBIZ is -0.1471%. This is the percent change in the value of EBIZ over the most recent 1-month period. The 3-month return on EBIZ is -0.0093%. This is the percent change in the value of EBIZ over the most recent 3-month period.

The standard deviation of EBIZ for the past year is 0.4113%. 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 EBIZ include GDXJ, IXN, and SMH.

ETFs correlated to EBIZ include IBUY, ONLN, and IRBO.

ETFs that are inversely correlated to EBIZ include WEBS, SARK, and HIBS.

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.