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ETFs

FI Enhanced Europe 50 ETN

FIEE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 12 2016
Expense Ratio
0.95%
Type
Global Ex. US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$405
AUM
$15,119,200
Associated Index
STOXX Europe 50 USD Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Invest with FIEE

What is FIEE?

FI Enhanced Europe 50 ETN is an exchange-traded note linked to the performance of STOXX Europe 50 USD (Gross Return) Index, less investor fees. 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, STOXX Europe 50 USD (Gross Return) Index. The STOXX Europe 50 index provides a blue-chip representation of supersector leaders in Europe covering almost 50% of the free-float market capitalization of the European stock market. The index covers 50 stocks from 18 European countries: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. The index is weighted quarterly according to free-float market capitalization with components capped at a maximum of 10% and is reviewed annually in September.

ETFs related toFIEE

ETFs correlated to FIEE include BBEU, IEV, JIRE

FIEE
UBS AG London Branch - UBS AG FI Enhanced Europe 50 ETN
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF
JIRE
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan International Research Enhanced Equity ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
BKIE
BNY Mellon ETF Trust - BNY Mellon International Equity ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE 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
Related toFIEE

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FIEE using Composer

FAQ

FIEE is a Global Ex. US Equities ETF. FI Enhanced Europe 50 ETN is an exchange-traded note linked to the performance of STOXX Europe 50 USD (Gross Return) Index, less investor fees. 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, STOXX Europe 50 USD (Gross Return) Index. The STOXX Europe 50 index provides a blue-chip representation of supersector leaders in Europe covering almost 50% of the free-float market capitalization of the European stock market. The index covers 50 stocks from 18 European countries: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. The index is weighted quarterly according to free-float market capitalization with components capped at a maximum of 10% and is reviewed annually in September.

FIEE tracks the STOXX Europe 50 USD Index.

No, FIEE 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, FIEE 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 FIEE is -0.0292%. This is the percent change in the value of FIEE over the most recent 1-month period. The 3-month return on FIEE is 0.0865%. This is the percent change in the value of FIEE over the most recent 3-month period.

The standard deviation of FIEE for the past year is 0.4701%. 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 FIEE include SH, PSQ, and QID.

ETFs correlated to FIEE include BBEU, IEV, and JIRE.

ETFs that are inversely correlated to FIEE include EPV, EFZ, and DXD.

Yes, FIEE is a Leveraged (2x) ETF: This means that FIEE will try to match the performance of STOXX Europe 50 USD Index, but with 2x the returns.

Yes, FIEE is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of STOXX Europe 50 USD 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.