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ETFs

ROBO Global Healthcare Technology and Innovation ETF

HTEC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 25 2019
Expense Ratio
0.68%
Type
Global Equities
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$252,241
AUM
$98,605,778
Associated Index
ROBO Global Healthcare Technology & Innovation Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

PODD
Insulet Corporation
1.86%
ISRG
Intuitive Surgical Inc
1.72%
SYK
Stryker Corp.
1.71%
BSX
Boston Scientific Corp.
1.67%
STAA
Staar Surgical Co.
1.67%
MRNA
Moderna Inc
1.67%
QGEN
Qiagen NV
1.66%
TMO
Thermo Fisher Scientific Inc.
1.66%
PEN
Penumbra Inc
1.64%
NTRA
Natera Inc
1.63%
Invest with HTEC

What is HTEC?

The ROBO Global Healthcare Technology and Innovation ETF (HTEC) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ROBO Global Healthcare Technology and Innovation Index. The index methodology follows a modified factor weighting scheme and rebalances on a quarterly basis to more effectively respond to and capture changes in the technological and competitive landscapes while maintaining critical diversification. Including more than 80 stocks across 9 subsectors in 15 countries, the index is built to minimize risk by limiting reliance on the largest-cap players, and to capture the growth of rapidly developing healthcare technology companies around the globe.

ETFs related toHTEC

ETFs correlated to HTEC include XHE, VBK, ARKG

HTEC
Exchange Traded Concepts Trust - ROBO Global Healthcare Technology and Innovation ETF
XHE
SPDR Series Trust - SPDR S&P Health Care Equipment ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
GNOM
Global X Funds - Global X Genomics & Biotechnology ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index 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 toHTEC

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with HTEC using Composer

FAQ

HTEC is a Global Equities ETF. The ROBO Global Healthcare Technology and Innovation ETF (HTEC) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ROBO Global Healthcare Technology and Innovation Index. The index methodology follows a modified factor weighting scheme and rebalances on a quarterly basis to more effectively respond to and capture changes in the technological and competitive landscapes while maintaining critical diversification. Including more than 80 stocks across 9 subsectors in 15 countries, the index is built to minimize risk by limiting reliance on the largest-cap players, and to capture the growth of rapidly developing healthcare technology companies around the globe.

HTEC tracks the ROBO Global Healthcare Technology & Innovation Index.

No, HTEC 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, HTEC 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 HTEC is -0.0523%. This is the percent change in the value of HTEC over the most recent 1-month period. The 3-month return on HTEC is 0.0083%. This is the percent change in the value of HTEC over the most recent 3-month period.

The standard deviation of HTEC for the past year is 0.3322%. 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 HTEC include GDX, SMH, and GDXJ.

ETFs correlated to HTEC include XHE, VBK, and ARKG.

ETFs that are inversely correlated to HTEC include SARK, HIBS, and RWM.

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.