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ETFs

iPath Series B Bloomberg Natural Gas Total Return Sub-Index ETN

GAZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 08 2017
Expense Ratio
0.45%
Type
Global Commodities & Metals
Fund Owner
Barclays iPath
Volume (1m avg. daily)
$1,393,215
AUM
$32,869,416
Associated Index
Bloomberg Natural Gas Sub-Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Invest with GAZ

What is GAZ?

The Bloomberg Natural Gas Subindex Total Return is a sub-index of the Bloomberg Commodity Index Total Returnand reflects the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index plus the rate of interest that could be earned on cash collateral invested in specified Treasury Bills.

ETFs related toGAZ

ETFs correlated to GAZ include BOIL, UNG, COMB

GAZ
Barclays Bank PLC - Global Medium-Term Notes Series A
BOIL
ProShares Trust - ProShares Ultra Bloomberg Natural Gas 2x Shares
UNG
United States Commodity Funds LLC - United States Natural Gas Fund
COMB
GraniteShares Gold Trust - GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
DJP
Barclays Bank PLC - iPath Bloomberg Commodity Total Return ETN
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free ETF
CMDY
BlackRock Institutional Trust Company N.A. - iShares Bloomberg Roll Select Commodity Strategy ETF
BCD
abrdn ETF - abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free ETF
FCG
First Trust Exchange-Traded Fund III - First Trust Natural Gas ETF
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
FXN
First Trust Exchange-Traded Fund III - First Trust Energy AlphaDEX Fund

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 toGAZ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with GAZ using Composer

FAQ

GAZ is a Global Commodities & Metals ETF. The Bloomberg Natural Gas Subindex Total Return is a sub-index of the Bloomberg Commodity Index Total Returnand reflects the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index plus the rate of interest that could be earned on cash collateral invested in specified Treasury Bills.

GAZ tracks the Bloomberg Natural Gas Sub-Index.

No, GAZ 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, GAZ 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 GAZ is -0.0394%. This is the percent change in the value of GAZ over the most recent 1-month period. The 3-month return on GAZ is -0.2548%. This is the percent change in the value of GAZ over the most recent 3-month period.

The standard deviation of GAZ for the past year is 0.7099%. 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 GAZ include DBO, BNO, and USO.

ETFs correlated to GAZ include BOIL, UNG, and COMB.

ETFs that are inversely correlated to GAZ include KOLD, DRIP, and VTES.

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.