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ETFs

iShares MSCI Israel ETF

EIS
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Mar 26 2008
Expense Ratio
0.58%
Type
Global Ex. US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$317,734
AUM
$147,788,768
Associated Index
MSCI Israel Capped Investable Market Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CHKP
Check Point Software Technolgies
7.80%
NICE
Nice Spa
7.64%
LUMI
BANK LEUMI LE-ISRAEL
7.30%
POLI
BANK HAPOALIM BM
6.73%
TEVA
Teva- Pharmaceutical Industries Ltd. - ADR
5.29%
DSCT
ISRAEL DISCOUNT BANK-A
3.96%
CYBR
CyberArk Software Ltd
3.93%
MZTF
MIZRAHI TEFAHOT BANK LTD
3.27%
ESLT
ELBIT SYSTEMS LTD
3.24%
WIX
Wix.com Ltd
2.82%
Invest with EIS

What is EIS?

The iShares MSCI Israel ETF seeks investment results that correspond generally to the price and yield performance before fees and expenses of the MSCI Israel Capped Investable Market Index. The iShares MSCI Israel ETF seeks to track the investment results of a broad-based index composed of Israeli equities.

ETFs related toEIS

ETFs correlated to EIS include CGGR, HIBL, SPHB

EIS
BlackRock Institutional Trust Company N.A. - iShares MSCI Israel ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
VTHR
Vanguard Group, Inc. - Vanguard Russell 3000 Index ETF
ROBO
Exchange Traded Concepts Trust - ETCT ROBO Global Robotics and Automation Index ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index 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.

Automated Strategies
Related toEIS

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with EIS using Composer

FAQ

EIS is a Global Ex. US Equities ETF. The iShares MSCI Israel ETF seeks investment results that correspond generally to the price and yield performance before fees and expenses of the MSCI Israel Capped Investable Market Index. The iShares MSCI Israel ETF seeks to track the investment results of a broad-based index composed of Israeli equities.

EIS tracks the MSCI Israel Capped Investable Market Index.

No, EIS 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, EIS 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 EIS is -0.0087%. This is the percent change in the value of EIS over the most recent 1-month period. The 3-month return on EIS is -0.0017%. This is the percent change in the value of EIS over the most recent 3-month period.

The standard deviation of EIS for the past year is 0.2452%. 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 EIS include FXI, EWJ, and EWZ.

ETFs correlated to EIS include CGGR, HIBL, and SPHB.

ETFs that are inversely correlated to EIS include HIBS, SH, and SPXU.

Disclaimers

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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.