iShares MSCI USA Equal Weighted ETF
Top 10 Holdings
What is EUSA?
The iShares MSCI USA Equal Weighted ETF seeks to track the investment results of an index composed of equal weighted U.S. equities. The Fund seeks to track the investment results of the MSCI USA EqualWeighted Index (the Underlying Index ), which represents an alternativeweighting scheme to its market capitalization weighted parent index, the MSCIUSA Index (the Parent Index ), which is designed to measure the performanceof equity securities in the top 85% by market capitalization of equity securitieslisted on stock exchanges in the United States. The Underlying Index generallyapplies equal weights to the constituents of the Parent Index. The UnderlyingIndex may include large-, mid- or small-capitalization companies, andcomponents primarily include consumer discretionary, financials andinformation technology companies. The components of the Underlying Index,and the degree to which these components represent certain industries, maychange over time.
ETFs related toEUSA
ETFs correlated to EUSA include GSEW, VO, IWR
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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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.