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ETFs

IBIT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 07 2022
Expense Ratio
4.70%
Type
Global Equities
Fund Owner
Defiance ETFs
Volume (1m avg. daily)
$1,685
AUM
$657,900
Associated Index
None
Inverse/Leveraged
Inverse (-1)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.00%
Invest with IBIT

What is IBIT?

Defiance Daily Short Digitizing the Economy ETF (IBIT) is an actively managed ETF that tracks the Solactive AG Short Digital Assets Industry Index which aims to track the inverse performance of the Amplify Transformational Data ETF (BBG: BLOK UP Equity; RIC: BLOK.P), calculated as Gross Total Return. The Fund seeks investment results that correspond to the inverse (-100%) of the performance of the Amplify ETF, before fees and expenses.

ETFs related toIBIT

ETFs correlated to IBIT include SARK, HDGE, WEBS

IBIT
ETF Series Solutions Trust - Defiance Daily Short Digitizing the Economy ETF
SARK
Investment Managers Series Trust II - AXS Short Innovation Daily ETF
HDGE
Advisorshares Trust - Ranger Equity Bear -1x Shares
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares

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 toIBIT

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with IBIT using Composer

FAQ

IBIT is a Global Equities ETF. Defiance Daily Short Digitizing the Economy ETF (IBIT) is an actively managed ETF that tracks the Solactive AG Short Digital Assets Industry Index which aims to track the inverse performance of the Amplify Transformational Data ETF (BBG: BLOK UP Equity; RIC: BLOK.P), calculated as Gross Total Return. The Fund seeks investment results that correspond to the inverse (-100%) of the performance of the Amplify ETF, before fees and expenses.

Yes, IBIT 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, IBIT 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 IBIT is %. This is the percent change in the value of IBIT over the most recent 1-month period. The 3-month return on IBIT is %. This is the percent change in the value of IBIT over the most recent 3-month period.

ETFs similar to IBIT include SSO, SDS, and QLD.

ETFs correlated to IBIT include SARK, HDGE, and WEBS.

ETFs that are inversely correlated to IBIT include BLOK, BKCH, and WGMI.

Yes, IBIT is a Inverse (-1) ETF.

Yes, IBIT is a Inverse (-1) leveraged ETF.

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.