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ETFs

ETF Series Solutions iBET Sports Betting and Gaming ETF

IBET
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 16 2021
Expense Ratio
0.79%
Type
Global Equities
Fund Owner
Inherent Wealth Fund
Volume (1m avg. daily)
$9,839
AUM
$871,893
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

DKNG
DraftKings Inc. - Ordinary Shares - Class A
8.55%
FLTR
FLUTTER ENTERTAINMENT PLC-DI
6.96%
27
Galaxy Entertainment Group Ltd.
5.88%
1928
Sands China Ltd
5.28%
LVS
Las Vegas Sands Corp
4.59%
EVO
EVOLUTION AB
4.13%
1128
Wynn Macau Ltd
3.83%
2282
MGM China Holdings Limited
3.67%
LNW
Light & Wonder Inc
3.47%
MLCO
Melco Resorts & Entertainment Ltd - ADR
3.46%
Invest with IBET

What is IBET?

The iBET Sports Betting & Gaming ETF ( IBET ETF ) is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the Fund s net assets, plus the amount of any borrowings for investment purposes, in securities of companies of any market capitalization, including foreign issuers, that are engaged in the Fund s investment theme. A company is deemed to be engaged in the Fund s theme if (i) it derives a significant portion of its revenue (greater than 50% of revenue) or market value (devotes at least 50% of its capital) from the theme of the betting, sports, sports entertainment, and/or iGaming industries and/or technology or (ii) it has stated its primary business to be in products, services, or technologies focused on the theme of betting, sports, sports entertainment, and iGaming.

ETFs related toIBET

ETFs correlated to IBET include PEJ, RCD, SPGM

IBET
ETF Series Solutions Trust - iBET Sports Betting and Gaming ETF
PEJ
Invesco Capital Management LLC - Invesco Dynamic Leisure and Entertainment ETF
RCD
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Discretionary ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
CGGO
Capital Group Companies Inc - Capital Group Global Growth Equity ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI 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 toIBET

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with IBET using Composer

FAQ

IBET is a Global Equities ETF. The iBET Sports Betting & Gaming ETF ( IBET ETF ) is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the Fund s net assets, plus the amount of any borrowings for investment purposes, in securities of companies of any market capitalization, including foreign issuers, that are engaged in the Fund s investment theme. A company is deemed to be engaged in the Fund s theme if (i) it derives a significant portion of its revenue (greater than 50% of revenue) or market value (devotes at least 50% of its capital) from the theme of the betting, sports, sports entertainment, and/or iGaming industries and/or technology or (ii) it has stated its primary business to be in products, services, or technologies focused on the theme of betting, sports, sports entertainment, and iGaming.

Yes, IBET is actively 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.

No, IBET is not passively managed. It is actively 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 IBET is -0.0988%. This is the percent change in the value of IBET over the most recent 1-month period. The 3-month return on IBET is -0.0561%. This is the percent change in the value of IBET over the most recent 3-month period.

The standard deviation of IBET for the past year is 0.321%. 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 IBET include KWEB, IXN, and IXC.

ETFs correlated to IBET include PEJ, RCD, and SPGM.

ETFs that are inversely correlated to IBET include HIBS, RWM, and TZA.

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.