iShares Trust iShares Environmental Infrastructure and Industrials ETF
Top 10 Holdings
What is EFRA?
The Fund seeks to track the investment results of the FTSE Green revenues Select Infrastructure and Industrials Index (the "Underlying Index"), which has been developed by FTSE International Limited (the "Index Provider" or "FTSE"). The Underlying Index is composed of U.S. and non-U.S. equity securities selected from the FTSE Developed All-Cap ex Korea Index (the "Parent Index"). The Parent Index is composed of large-, mid- and small- capitalization stocks from developed markets. The Underlying Index captures eligible infrastructure and industrials solutions that aim to support energy efficiency and emissions mitigation, pollution reduction, or land and resource optimization. The Underlying Index is designed to reflect the equity performance of U.S. and non-U.S. companies that derive at least 40% of their combined annual green revenues in aggregate from a combination of 29 selected FTSE Green Revenues Classification System ("GRCS") micro- sectors.
ETFs related toEFRA
ETFs correlated to EFRA include CGW, FIW, PHO
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.
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Create your own algorithmic trading strategy with EFRA using Composer
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.