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ETFs

UBS AG FI Enhanced Large Cap Growth ETN

FBGX
$--
Today’s Change
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Snapshot
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Inception Date
Jun 10 2014
Expense Ratio
0.85%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$116,390
AUM
$135,594,368
Associated Index
Russell 1000 Growth Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Invest with FBGX

What is FBGX?

FI Enhanced Large Cap Growth ETN is an exchange-traded note issued in the USA. The ETN will provide investors with a cash payment at the scheduled maturity or early redemption based on the 2x leveraged performance of the underlying index, the Russell 1000 Growth Index Total Return.

ETFs related toFBGX

ETFs correlated to FBGX include GAUG, IWF, TMFC

FBGX
UBS AG London Branch - UBS AG FI Enhanced Large Cap Growth ETN
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
TMFC
Rbb Fund Inc - Motley Fool 100 Index ETF
IWY
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
VONG
Vanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active 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
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Create your own algorithmic trading strategy with FBGX using Composer

FAQ

FBGX is a US Equities ETF. FI Enhanced Large Cap Growth ETN is an exchange-traded note issued in the USA. The ETN will provide investors with a cash payment at the scheduled maturity or early redemption based on the 2x leveraged performance of the underlying index, the Russell 1000 Growth Index Total Return.

FBGX tracks the Russell 1000 Growth Index.

No, FBGX 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, FBGX 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 FBGX is -0.0244%. This is the percent change in the value of FBGX over the most recent 1-month period. The 3-month return on FBGX is -0.0088%. This is the percent change in the value of FBGX over the most recent 3-month period.

The standard deviation of FBGX for the past year is 0.3908%. 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 FBGX include IWFL, TQQQ, and SSO.

ETFs correlated to FBGX include GAUG, IWF, and TMFC.

ETFs that are inversely correlated to FBGX include SQQQ, QID, and PSQ.

Yes, FBGX is a Leveraged (2x) ETF: This means that FBGX will try to match the performance of Russell 1000 Growth Index, but with 2x the returns.

Yes, FBGX is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Russell 1000 Growth Index, but move 2x in the opposite direction.

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.