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ETFs

Global X Funds Global X FinTech ETF

FINX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 12 2016
Expense Ratio
0.68%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$2,338,692
AUM
$392,722,600
Associated Index
Indxx Global Fintech Thematic Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

INTU
Intuit Inc
6.79%
ADYEN
ADYEN NV
6.74%
PYPL
PayPal Holdings Inc
6.20%
FISV
Fiserv, Inc.
5.96%
SQ
Block Inc - Ordinary Shares - Class A
5.42%
FIS
Fidelity National Information Services, Inc.
5.04%
SSNC
SS&C Technologies Holdings Inc
4.34%
GPN
Global Payments, Inc.
4.32%
COIN
Coinbase Global Inc - Ordinary Shares - Class A
3.93%
JKHY
Jack Henry & Associates, Inc.
3.70%
Invest with FINX

What is FINX?

The Global X FinTech Thematic ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global FinTech Thematic Index. The Global X FinTech Thematic ETF (FINX) seeks to invest in companies on the leading edge of the emerging financial technology sector, which encompasses a range of innovations helping to transform established industries like insurance, investing, fundraising, and third-party lending through unique mobile and digital solutions. The Indxx Global Fintech Thematic Index is designed to track the performance of companies listed in developed markets that are offering technology-driven financial services which are disrupting existing business models in the financial services and banking sectors.

ETFs related toFINX

ETFs correlated to FINX include IPAY, XSW, PNQI

FINX
Global X Funds - Global X Funds Global X FinTech ETF
IPAY
ETF Managers Group LLC - ETFMG Prime Mobile Payments ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth 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 toFINX

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with FINX using Composer

FAQ

FINX is a Global Equities ETF. The Global X FinTech Thematic ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global FinTech Thematic Index. The Global X FinTech Thematic ETF (FINX) seeks to invest in companies on the leading edge of the emerging financial technology sector, which encompasses a range of innovations helping to transform established industries like insurance, investing, fundraising, and third-party lending through unique mobile and digital solutions. The Indxx Global Fintech Thematic Index is designed to track the performance of companies listed in developed markets that are offering technology-driven financial services which are disrupting existing business models in the financial services and banking sectors.

FINX tracks the Indxx Global Fintech Thematic Index.

No, FINX 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, FINX 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 FINX is -0.0105%. This is the percent change in the value of FINX over the most recent 1-month period. The 3-month return on FINX is 0.0883%. This is the percent change in the value of FINX over the most recent 3-month period.

The standard deviation of FINX for the past year is 0.4058%. 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 FINX include IGF, PBW, and EFG.

ETFs correlated to FINX include IPAY, XSW, and PNQI.

ETFs that are inversely correlated to FINX include WEBS, HIBS, and HDGE.

Disclaimers

*

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.