ETFMG Prime Cyber Security ETF
Top 10 Holdings
What is HACK?
The ETFMG Prime Cyber Security ETF (HACK) is a portfolio of companies providing cyber security solutions that include hardware, software and services. HACK is an exchange traded fund (ETF) that seeks investment results that correspond generally to the price and yield, before fund fees and expenses, of the Prime Cyber Defense Index. The Prime Cyber Defense Index (PCYBER) utilizes a rules-based investment methodology to select a diverse group of companies actively involved in the cyber security industry. Companies are either classified as cyber security infrastructure providers or cyber security service providers.
ETFs related toHACK
ETFs correlated to HACK include CIBR, IHAK, BUG
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.
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.