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ETFs

iShares India 50 ETF

INDY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 18 2009
Expense Ratio
0.89%
Type
Global Ex. US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$3,172,640
AUM
$567,107,100
Associated Index
NIFTY 50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

500325
Reliance Industries Ltd.
10.26%
500180
HDFC Bank Ltd.
9.11%
532174
ICICI Bank Ltd.
7.89%
500209
Infosys Ltd
6.66%
500010
Housing Development Finance Corporation Ltd.
6.13%
500875
ITC Ltd.
4.44%
532540
Tata Consultancy Services
4.23%
500510
Larsen & Toubro Ltd.
3.53%
500247
Kotak Mahindra Bank Ltd.
3.22%
532215
Axis Bank Ltd
3.04%
Invest with INDY

What is INDY?

The Fund seeks to track the investment results of the Nifty 50 Index (the Underlying Index ), which measures the equity performance of the top 50 companies by free float market capitalization whose equity securities trade in the Indian securities markets. The Underlying Index may include large-, mid- or small-capitalization companies. Components of the Underlying Index primarily include consumer discretionary, energy, financials and information technology companies. The components of the Underlying Index, and the degree to which these components represent certain industries, may change over time.

ETFs related toINDY

ETFs correlated to INDY include INDA, EPI, SMIN

INDY
BlackRock Institutional Trust Company N.A. - iShares India 50 ETF
INDA
BlackRock Institutional Trust Company N.A. - iShares MSCI India ETF
EPI
WisdomTree Trust - WisdomTree India Earnings Fund
SMIN
BlackRock Institutional Trust Company N.A. - iShares MSCI India Small-Cap ETF
EMXC
BlackRock Institutional Trust Company N.A. - IShares MSCI Emerging Markets ex China ETF
CGXU
Capital Group Companies Inc - Capital Group International Focus Equity ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
XCEM
Columbia ETF Trust II - Columbia EM Core ex-China ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock 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 toINDY

#TOTAL

The Total Package

Category

Getting Started, Go Global

Risk Rating

Moderate

#SWENS

The Swensen

Category

Classic

Risk Rating

Moderate

Create your own algorithmic trading strategy with INDY using Composer

FAQ

INDY is a Global Ex. US Equities ETF. The Fund seeks to track the investment results of the Nifty 50 Index (the Underlying Index ), which measures the equity performance of the top 50 companies by free float market capitalization whose equity securities trade in the Indian securities markets. The Underlying Index may include large-, mid- or small-capitalization companies. Components of the Underlying Index primarily include consumer discretionary, energy, financials and information technology companies. The components of the Underlying Index, and the degree to which these components represent certain industries, may change over time.

INDY tracks the NIFTY 50 Index.

No, INDY 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, INDY 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 INDY is -0.027%. This is the percent change in the value of INDY over the most recent 1-month period. The 3-month return on INDY is -0.0555%. This is the percent change in the value of INDY over the most recent 3-month period.

The standard deviation of INDY for the past year is 0.1746%. 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 INDY include EWW, EWC, and EWY.

ETFs correlated to INDY include INDA, EPI, and SMIN.

ETFs that are inversely correlated to INDY include EFZ, EPV, and SPDN.

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.