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ETFs

IQ Healthy Hearts ETF

HART
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 14 2021
Expense Ratio
0.45%
Type
Global Equities
Fund Owner
Index IQ
Volume (1m avg. daily)
$9,817
AUM
$7,817,814
Associated Index
IQ Candriam Healthy Hearts Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GOOGL
Alphabet Inc - Ordinary Shares - Class A
5.83%
AAPL
Apple Inc
5.40%
NOVOB
NOVO NORDISK A/S-B
5.26%
LLY
Lilly(Eli) & Co
5.17%
AZN
ASTRAZENECA PLC
5.09%
NKE
Nike, Inc. - Ordinary Shares - Class B
5.09%
UNH
Unitedhealth Group Inc
4.93%
JNJ
Johnson & Johnson
4.86%
ABT
Abbott Laboratories
4.84%
NOVN
Novartis AG - Registered Shares
4.83%
Invest with HART

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

HART
IndexIQ ETF Trust - IQ Healthy Hearts ETF
IXJ
BlackRock Institutional Trust Company N.A. - iShares Global Healthcare ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
RXL
ProShares Trust - ProShares Ultra Health Care 2X Shares
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF
ACWV
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Min Vol Factor ETF
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
USMV
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Min Vol Factor ETF
RYH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care 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 toHART

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with HART using Composer

FAQ

HART is a Global Equities ETF. 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.

HART tracks the IQ Candriam Healthy Hearts Index.

No, HART 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, HART 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 HART is -0.0147%. This is the percent change in the value of HART over the most recent 1-month period. The 3-month return on HART is -0.0053%. This is the percent change in the value of HART over the most recent 3-month period.

The standard deviation of HART for the past year is 0.1788%. 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 HART include IXN, EUFN, and SMH.

ETFs correlated to HART include IXJ, FHLC, and VHT.

ETFs that are inversely correlated to HART include DXD, SPXS, and SDOW.

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.