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Global X Guru Index ETF

GURU
$
Today’s Change
()

Snapshot
*

Inception Date
Jun 4, 2012
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
Global X
Volume (1m avg. daily)
$95,570
AUM
$45,104,350
Associated Index
Solactive Guru Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

HZNP
Horizon Therapeutics Plc
1.74%
SGEN
Seagen Inc
1.74%
LPLA
LPL Financial Holdings Inc
1.72%
MPC
Marathon Petroleum Corp
1.69%
VMW
Vmware Inc. - Ordinary Shares - Class A
1.68%
ACI
Albertsons Companies Inc - Ordinary Shares - Class A
1.67%
IFF
International Flavors & Fragrances Inc.
1.65%
GDDY
Godaddy Inc - Ordinary Shares - Class A
1.64%
ACGL
Arch Capital Group Ltd
1.64%
ASND
Ascendis Pharma A/S - ADR
1.63%

What is GURU?

The Global X Top Guru Holdings Index ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Top Guru Holdings Index. The Top Guru Holdings Index is comprised of the top U.S. listed equity positions reported on Form 13F by a select group of entities that Structured Solutions AG characterizes as hedge funds. Hedge funds are selected from a pool of thousands of privately offered pooled investment vehicles based on the size of their reported equity holdings and the efficacy of replicating their publicly disclosed positions.

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ETFs related toGURU

ETFs correlated to GURU include VXF, EUSA, SIZE

GURU
Global X Funds - Global X Guru Index ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 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

GURU is a Global Equities ETF. The Global X Top Guru Holdings Index ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Top Guru Holdings Index. The Top Guru Holdings Index is comprised of the top U.S. listed equity positions reported on Form 13F by a select group of entities that Structured Solutions AG characterizes as hedge funds. Hedge funds are selected from a pool of thousands of privately offered pooled investment vehicles based on the size of their reported equity holdings and the efficacy of replicating their publicly disclosed positions.

GURU tracks the Solactive Guru Index.

No, GURU 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, GURU 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 GURU is -0.0253%. This is the percent change in the value of GURU over the most recent 1-month period. The 3-month return on GURU is 0.0091%. This is the percent change in the value of GURU over the most recent 3-month period.

The standard deviation of GURU for the past year is 0.1979%. 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 GURU include PFF, PGF, and PGX.

ETFs correlated to GURU include VXF, EUSA, and SIZE.

ETFs that are inversely correlated to GURU include HIBS, TZA, 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.

Securities products and brokerage services are offered by Composer Securities LLC, a broker-dealer registered with the SEC and member of FINRA / SIPC. Composer Securities LLC and Composer Technologies Inc. are separate but affiliated companies. Accounts are carried and securities execution, clearance and settlement services are provided by Alpaca Securities LLC, and Apex Clearing Corporation, SEC-registered broker-dealers and members of FINRA / SIPC. Alpaca Securities is a wholly-owned subsidiary of AlpacaDB, Inc. Apex Clearing Corporation, is a wholly-owned subsidiary of Apex Fintech Solutions Inc. Check the background of Composer Securities LLC, Alpaca Securities LLC, and Apex Clearing Corporation on FINRA BrokerCheck . This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Composer Securities is not registered. Securities products offered by Composer Securities are not FDIC insured

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