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ETFs

iShares U.S. Consumer Focused ETF

IEDI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 21 2018
Expense Ratio
0.18%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$45,959
AUM
$13,566,567
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AMZN
Amazon.com Inc.
13.75%
HD
Home Depot, Inc.
10.67%
COST
Costco Wholesale Corp
7.95%
WMT
Walmart Inc
6.14%
LOW
Lowe`s Cos., Inc.
4.13%
TJX
TJX Companies, Inc.
3.87%
CMG
Chipotle Mexican Grill
2.72%
ORLY
O`Reilly Automotive, Inc.
2.68%
ROST
Ross Stores, Inc.
2.02%
TGT
Target Corp
1.97%
Invest with IEDI

What is IEDI?

The fund seeks to provide access to U.S. companies with discretionary spending exposure, as classified using a proprietary classification system, while targeting increased exposure to U.S. firms with a greater proportion of consumer spending and consumer goods and service production in the U.S. relative to the proprietary classification system.

ETFs related toIEDI

ETFs correlated to IEDI include IYC, RSPD, FDIS

IEDI
BlackRock Institutional Trust Company N.A. - iShares U.S. Consumer Focused ETF
IYC
BlackRock Institutional Trust Company N.A. - iShares U.S. Consumer Discretionary ETF
RSPD
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Discretionary ETF
FDIS
Fidelity Covington Trust - Fidelity MSCI Consumer Discretionary Index ETF
VCR
Vanguard Group, Inc. - Vanguard Consumer Discretionary ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market 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 toIEDI

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with IEDI using Composer

FAQ

IEDI is a US Equities ETF. The fund seeks to provide access to U.S. companies with discretionary spending exposure, as classified using a proprietary classification system, while targeting increased exposure to U.S. firms with a greater proportion of consumer spending and consumer goods and service production in the U.S. relative to the proprietary classification system.

Yes, IEDI 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, IEDI 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 IEDI is -0.0233%. This is the percent change in the value of IEDI over the most recent 1-month period. The 3-month return on IEDI is -0.0149%. This is the percent change in the value of IEDI over the most recent 3-month period.

The standard deviation of IEDI for the past year is 0.1815%. 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 IEDI include XLI, XLY, and XLV.

ETFs correlated to IEDI include IYC, RSPD, and FDIS.

ETFs that are inversely correlated to IEDI include SPXU, SPXS, and SPDN.

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.