IQ ARB Global Resources
Top 10 Holdings
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
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.
On Top of the World: Global Momentum
Momentum, Lever Up, Go Global
Create your own algorithmic trading strategy with GRES 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.