IQ Healthy Hearts ETF
Top 10 Holdings
What is HART?
The IQ Healthy Hearts ETF (HART) tracks the IQ Candriam Healthy Hearts Index. he UnderlyingIndex incorporates thematic selection criteria designed to provideexposure to equity securities of companies that are making a positivecontribution to global health-related goals, such as by providing solutionsfor monitoring and curing heart diseases or helping people adopt ahealthy lifestyle that limits cardiovascular risks. As of December 31, 2020, theprimary sectors within the Underlying Index are health care, consumerstaples and technology. The Underlying Index includes securities of large-,mid- and small-capitalization companies that trade in the U.S. and foreignmarkets, including emerging markets other than China, Egypt, India,Kuwait, Pakistan, Qatar, Saudi Arabia and United Arab Emirates. As ofDecember 31, 2020, the market capitalization range of the UnderlyingIndex was approximately $1.14 billion to $2.25 trillion. The initial universe forthe Underlying Index consists of the constituents of a third-party indexdesigned to track the performance of the investable universe coveringapproximately the largest 99% of the free-float market capitalization in theglobal markets.
ETFs related toHART
ETFs correlated to HART include IXJ, FHLC, VHT
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.
Create your own algorithmic trading strategy with HART 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.