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ETFs

iShares U.S. Tech Independence Focused ETF

IETC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 21 2018
Expense Ratio
0.18%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$168,300
AUM
$122,390,414
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
15.62%
AVGO
Broadcom Inc
11.21%
ORCL
Oracle Corp.
6.39%
AMZN
Amazon.com Inc.
5.37%
ACN
Accenture plc - Ordinary Shares - Class A
5.18%
CRM
Salesforce Inc
3.49%
NVDA
NVIDIA Corp
2.70%
CSCO
Cisco Systems, Inc.
2.70%
BA
Boeing Co.
2.59%
LMT
Lockheed Martin Corp.
2.48%
Invest with IETC

What is IETC?

The fund seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system, while targeting increased exposure to U.S. firms with a greater proportion of technological capabilities, revenues, and production in the U.S. and select global markets relative to the proprietary classification system.

ETFs related toIETC

ETFs correlated to IETC include IGM, VUG, MGK

IETC
BlackRock Institutional Trust Company N.A. - iShares U.S. Tech Independence Focused ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
TCHP
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Blue Chip Growth ETF
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
ROM
ProShares Trust - ProShares Ultra Technology 2x Shares
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology 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 toIETC

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with IETC using Composer

FAQ

IETC is a US Equities ETF. The fund seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system, while targeting increased exposure to U.S. firms with a greater proportion of technological capabilities, revenues, and production in the U.S. and select global markets relative to the proprietary classification system.

Yes, IETC 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, IETC 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 IETC is 0.0317%. This is the percent change in the value of IETC over the most recent 1-month period. The 3-month return on IETC is 0.1021%. This is the percent change in the value of IETC over the most recent 3-month period.

The standard deviation of IETC for the past year is 0.3163%. 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 IETC include XLI, XLE, and XLP.

ETFs correlated to IETC include IGM, VUG, and MGK.

ETFs that are inversely correlated to IETC include PSQ, QID, and SQQQ.

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.