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ETFs

USCF GOLD STRATEGY PLUS INCOME FUND

GLDX
$—
Today’s Change
— (—)

Snapshot
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Inception Date
Nov 2, 2021
Expense Ratio
0.53%
Type
Global Commodities & Metals
Fund Owner
United States Commodity Funds
Volume (1m avg. daily)
$5,229
AUM
$3,038,276
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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BNY CASH RESERVE
100.05%
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US DOLLARS
-0.04%
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Derivatives offset
-103.07%
Invest with GLDX

What is GLDX?

The Fund seeks to achieve its investment objective by maintaining substantial economic exposure to the performance of the Gold Markets (physical gold and gold futures markets) by investing in: i) negotiable warehouse receipts, called warrants (Gold Warrants), evidencing ownership of specific gold bars stored in licensed depositories in and around New York City, and ii) fully margined and collateralized gold futures contracts. Also, to obtain the desired economic exposure, the Fund may transact in other gold-related derivative instruments such as cash-settled options, forward contracts, options on futures contracts, and other options (Gold Interests).

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ETFs related toGLDX

ETFs correlated to GLDX include OUNZ, AAAU, GLDM

GLDX
USCF ETF Trust - USCF Gold Strategy Plus Income Fund
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
GLD
SSgA Active Trust - SPDR Gold Shares ETF
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares 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.

FAQ

GLDX is a Global Commodities & Metals ETF. The Fund seeks to achieve its investment objective by maintaining substantial economic exposure to the performance of the Gold Markets (physical gold and gold futures markets) by investing in: i) negotiable warehouse receipts, called warrants (Gold Warrants), evidencing ownership of specific gold bars stored in licensed depositories in and around New York City, and ii) fully margined and collateralized gold futures contracts. Also, to obtain the desired economic exposure, the Fund may transact in other gold-related derivative instruments such as cash-settled options, forward contracts, options on futures contracts, and other options (Gold Interests).

Yes, GLDX is actively 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.

No, GLDX is not passively managed. It is actively 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 GLDX is -0.0003%. This is the percent change in the value of GLDX over the most recent 1-month period. The 3-month return on GLDX is -0.0025%. This is the percent change in the value of GLDX over the most recent 3-month period.

The standard deviation of GLDX for the past year is 0.1151%. 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 GLDX include CPER, PPLT, and SIVR.

ETFs correlated to GLDX include OUNZ, AAAU, and GLDM.

ETFs that are inversely correlated to GLDX include GLL, DUST, and GDXD.

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.

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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.

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