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SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

EFAX
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 24 2016
Expense Ratio
0.20%
Type
Global Ex. US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$265,328
AUM
$258,320,202
Associated Index
MSCI EAFE ex Fossil Fuels Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

NESN
Nestle SA
2.37%
ASML
ASML HOLDING NV
1.93%
MC
LVMH MOET HENNESSY LOUIS VUI
1.68%
NOVOB
NOVO NORDISK A/S-B
1.62%
ROG
Roche Holding AG
1.58%
AZN
ASTRAZENECA PLC
1.46%
NOVN
Novartis AG - Ordinary Shares (Registered)
1.41%
7203
Toyota Motor Corporation
1.10%
HSBA
HSBC HOLDINGS PLC
1.04%
1299
AIA Group Limited
0.94%
Invest with EFAX

What is EFAX?

The SPDR MSCI EAFE Fossil Fuel Reserves Free ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI EAFE ex Fossil Fuels Index. The MSCI EAFE ex Fossil Fuels Index is designed to measure the performance of companies in the MSCI EAFE Index (the Parent Index ) that do not own proved and probable coal, oil or natural gas reserves used for energy purposes. The Parent Index, which serves as the initial universe for eligible securities in the Index, captures large and mid-capitalization representation across developed market Europe, Australasia, and Far East countries, excluding the United States and Canada

ETFs related toEFAX

ETFs correlated to EFAX include CLOZ, DFSI, IEFA

EFAXSSgA Active Trust - SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
CLOZSeries Portfolios Trust - Panagram BBB-B CLO ETF
Expense Ratio0.50%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
DFSIDimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
IEFABlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
BBINJ.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF
EFABlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
ESGDiShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
GSIDGoldman Sachs ETF Trust - Goldman Sachs MarketBeta International Equity ETF
EFOProShares Trust - ProShares Ultra MSCI EAFE 2x Shares
SCHFSchwab Strategic Trust - Schwab International Equity ETF
JIDAJ.P. Morgan Exchange-Traded Fund Trust - JPMorgan ActiveBuilders International 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.

Disclaimers

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We show information directly obtained from our data provider, XigniteData 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 providerInformation 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.