iShares Focused Value Factor ETF
Top 10 Holdings
What is FOVL?
The iShares Focused Value Factor ETF (the Fund ) seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with prominent value characteristics. The top 10% of constituents are screened out based on 12-month realized volatility, and then from there the top 10% of constituents with the most leverage are also screened out. Following these two initial screens for companies with these relatively more risky characteristics, the remaining companies are evaluated to exclude companies with a negative sentiment score, which is determined by examining the prospective earnings per share estimates for the current and following fiscal year. The remaining companies are then ranked based on a weighted composite score of four value factor metrics; price-to-book, price-to-dividend, price-to-earnings and price-to-cash flow from operations (the Composite Score ).
ETFs related toFOVL
ETFs correlated to FOVL include VFVA, DFAT, XMVM
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.
Follow the Global Trend
Momentum, Lever Up, Go Global, Diversification
Spread Across the Market
Getting Defensive, Investing for the Long-Term
Create your own algorithmic trading strategy with FOVL using Composer
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.