Skip to Content
ETFs

IQ ARB Global Resources

GRES
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 27 2009
Expense Ratio
0.30%
Type
Global Equities
Fund Owner
Index IQ
Volume (1m avg. daily)
$112,669
AUM
$43,678,333
Associated Index
IQ Global Resources Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

XOM
Exxon Mobil Corp.
5.31%
MDLZ
Mondelez International Inc. - Ordinary Shares - Class A
4.80%
BHP
BHP Group Limited
4.01%
CVX
Chevron Corp.
3.60%
RIO
Rio Tinto plc - Registered Shares
2.85%
SHEL
Shell Plc
2.53%
ADM
Archer Daniels Midland Co.
2.10%
KHC
Kraft Heinz Co
2.09%
GLEN
Glencore plc
1.98%
GIS
General Mills, Inc.
1.90%
Invest with GRES

What is GRES?

The IQ Global Resources ETF seeks investment results that correspond before fees and expenses to the price and yield performance of the IQ Global Resources Index. The Index uses momentum and valuation factors to identify global companies that operate in commodity-specific market segments and whose equity securities trade in developed markets including the U.S. These segments include the major commodity sectors (Precious Metals Industrial Metals Livestock Energy and Grains Food & Fiber) plus Timber Water and Coal. The Index also includes short exposure to global equities as a partial equity market hedge.

ETFs related toGRES

ETFs correlated to GRES include GNR, GUNR, RLY

GRES
IndexIQ ETF Trust - IQ Global Resources ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
RLY
SSgA Active Trust - SPDR SSgA Multi-Asset Real Return ETF
INFL
Listed Funds Trust - Horizon Kinetics Inflation Beneficiaries ETF
ICOW
Pacer Funds Trust - Pacer Developed Markets International Cash Cows 100 ETF
GCOW
Pacer Funds Trust - Pacer Global Cash Cows Dividend ETF
FYLD
Cambria Investment Management LP - Cambria Foreign Shareholder Yield ETF
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
DFIV
Dimensional ETF Trust - Dimensional International Value ETF
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield 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 toGRES

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with GRES using Composer

FAQ

GRES is a Global Equities ETF. The IQ Global Resources ETF seeks investment results that correspond before fees and expenses to the price and yield performance of the IQ Global Resources Index. The Index uses momentum and valuation factors to identify global companies that operate in commodity-specific market segments and whose equity securities trade in developed markets including the U.S. These segments include the major commodity sectors (Precious Metals Industrial Metals Livestock Energy and Grains Food & Fiber) plus Timber Water and Coal. The Index also includes short exposure to global equities as a partial equity market hedge.

GRES tracks the IQ Global Resources Index.

No, GRES 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, GRES 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 GRES is 0.0153%. This is the percent change in the value of GRES over the most recent 1-month period. The 3-month return on GRES is 0.0237%. This is the percent change in the value of GRES over the most recent 3-month period.

The standard deviation of GRES for the past year is 0.1905%. 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 GRES include PBW, IGF, and ARKK.

ETFs correlated to GRES include GNR, GUNR, and RLY.

ETFs that are inversely correlated to GRES include EFZ, EPV, and OILD.

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.