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ETFs

IBCE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 17 2013
Expense Ratio
0.10%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$127,860
AUM
—
Associated Index
Bloomberg 2023 Maturity High Quality Corporate
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
BLK CSH FND TREASURY SL AGENCY
98.11%
n/a
USD CASH
1.89%
Invest with IBCE

What is IBCE?

The iSharesBond 2023 Corporate ex-Financials Term ETF Fund seeks to provide competitive long-term risk-adjusted returns relative to broad Barclays 2023 Maturity High Quality Corporate Index.

ETFs related toIBCE

ETFs correlated to IBCE include PULT, GFEB, GJAN

IBCE
BlackRock Institutional Trust Company N.A. - iShares iBonds Mar 2023 Term Corporate ex-Financials ETF
PULT
Putnam ETF Trust - Putnam ESG Ultra Short ETF
GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February
GJAN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible 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 toIBCE

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#DALIO

The Dalio

Category

Classic

Risk Rating

Conservative

Create your own algorithmic trading strategy with IBCE using Composer

FAQ

IBCE is a US Bonds ETF. The iSharesBond 2023 Corporate ex-Financials Term ETF Fund seeks to provide competitive long-term risk-adjusted returns relative to broad Barclays 2023 Maturity High Quality Corporate Index.

IBCE tracks the Bloomberg 2023 Maturity High Quality Corporate.

No, IBCE 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, IBCE 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 IBCE is 0.0037%. This is the percent change in the value of IBCE over the most recent 1-month period. The 3-month return on IBCE is 0.0112%. This is the percent change in the value of IBCE over the most recent 3-month period.

The standard deviation of IBCE for the past year is 0.0126%. 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 IBCE include IGIB, JNK, and LQD.

ETFs correlated to IBCE include PULT, GFEB, and GJAN.

ETFs that are inversely correlated to IBCE include REK, FMF, and DRV.

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.