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ETFs

iShares Expanded Tech Sector ETF

IGM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 13 2001
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$14,255,600
AUM
$2,686,632,179
Associated Index
S&P North American Expanded Technology Sector Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
8.80%
AAPL
Apple Inc
8.55%
AMZN
Amazon.com Inc.
8.09%
NVDA
NVIDIA Corp
5.98%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
4.87%
GOOG
Alphabet Inc - Ordinary Shares - Class C
4.28%
META
Meta Platforms Inc - Ordinary Shares - Class A
4.09%
V
Visa Inc - Ordinary Shares - Class A
3.29%
MA
Mastercard Incorporated - Ordinary Shares - Class A
2.72%
AVGO
Broadcom Inc
2.42%
Invest with IGM

What is IGM?

The iShares Expanded Tech Sector ETF seeks to track the investment results of an index composed of North American equities in the technology sector and select North American equities from communication services to consumer discretionary sectors. The Underlying Index includes companies in the following categories: producers of sophisticated computer-related devices; providers of communications equipment and internet services; producers of computer and internet software; consultants for information technology; providers of computer services; semiconductors and semiconductor equipment manufacturers; and select company engaging in content and information creation or distribution.

ETFs related toIGM

ETFs correlated to IGM include IYW, QQQ, QLD

IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
ROM
ProShares Trust - ProShares Ultra Technology 2x Shares
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth 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 toIGM

#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 IGM using Composer

FAQ

IGM is a US Equities ETF. The iShares Expanded Tech Sector ETF seeks to track the investment results of an index composed of North American equities in the technology sector and select North American equities from communication services to consumer discretionary sectors. The Underlying Index includes companies in the following categories: producers of sophisticated computer-related devices; providers of communications equipment and internet services; producers of computer and internet software; consultants for information technology; providers of computer services; semiconductors and semiconductor equipment manufacturers; and select company engaging in content and information creation or distribution.

IGM tracks the S&P North American Expanded Technology Sector Index.

No, IGM 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, IGM 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 IGM is 0.0615%. This is the percent change in the value of IGM over the most recent 1-month period. The 3-month return on IGM is 0.1661%. This is the percent change in the value of IGM over the most recent 3-month period.

The standard deviation of IGM for the past year is 0.336%. 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 IGM include XLY, XLE, and XLU.

ETFs correlated to IGM include IYW, QQQ, and QLD.

ETFs that are inversely correlated to IGM include QID, PSQ, 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.