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ETFs

Global X Funds Global X Genomics & Biotechnology ETF

GNOM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 05 2019
Expense Ratio
0.50%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$3,139,901
AUM
$129,145,769
Associated Index
Solactive Genomics Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SRPT
Sarepta Therapeutics Inc
5.26%
1548
Genscript Biotech Corporation - Ordinary Shares - Class H
4.68%
BNTX
BioNTech SE - ADR
4.40%
CRSP
CRISPR Therapeutics AG
4.33%
BMRN
Biomarin Pharmaceutical Inc. - Registered Shares
4.30%
NTRA
Natera Inc
4.26%
QIA
Qiagen NV
4.15%
PACB
Pacific Biosciences of California Inc
4.15%
NTLA
Intellia Therapeutics Inc
4.13%
VCYT
Veracyte Inc
4.11%
Invest with GNOM

What is GNOM?

The Global X Genomics & Biotechnology ETF (GNOM) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Genomics Index. The Solactive Genomics Index tracks the price movements in shares of companies which are active in the field of Genomics. These companies include those involved in the following business activities: gene editing, genomic sequencing, development and testing of genetic medicine or therapies, computational genomics and genetic diagnostics or biotechnology.

ETFs related toGNOM

ETFs correlated to GNOM include ARKG, XBI, LABU

GNOM
Global X Funds - Global X Genomics & Biotechnology ETF
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
XBI
SPDR Series Trust - SPDR Biotech ETF
LABU
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 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 toGNOM

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with GNOM using Composer

FAQ

GNOM is a Global Ex. US Equities ETF. The Global X Genomics & Biotechnology ETF (GNOM) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Genomics Index. The Solactive Genomics Index tracks the price movements in shares of companies which are active in the field of Genomics. These companies include those involved in the following business activities: gene editing, genomic sequencing, development and testing of genetic medicine or therapies, computational genomics and genetic diagnostics or biotechnology.

GNOM tracks the Solactive Genomics Index.

No, GNOM 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, GNOM 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 GNOM is -0.082%. This is the percent change in the value of GNOM over the most recent 1-month period. The 3-month return on GNOM is -0.1671%. This is the percent change in the value of GNOM over the most recent 3-month period.

The standard deviation of GNOM for the past year is 0.3151%. 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 GNOM include IXJ, SMH, and URA.

ETFs correlated to GNOM include ARKG, XBI, and LABU.

ETFs that are inversely correlated to GNOM include LABD, SARK, and SRTY.

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.