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ETFs

iShares MSCI Intl Size Factor ETF

ISZE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 16 2015
Expense Ratio
0.30%
Type
Global Ex. US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$3,372
AUM
$15,000,299
Associated Index
MSCI World ex USA Low Size Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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Kawasaki Kisen Kaisha Ltd
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Onex Corp.
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CNA
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Invest with ISZE

What is ISZE?

The Fund seeks to track the investment results of the MSCI World ex USA Low Size Index (the Underlying Index ), which is based on a traditional market capitalization-weighted parent index, the MSCI World ex USA Index (the Parent Index ). The Parent Index includes international large- and mid-capitalization stocks, as defined by MSCI Inc. (the Index Provider or MSCI ). The Underlying Index is constructed by applying a mathematical formula that reweights the constituents of its market capitalization weighted Parent Index, such that smaller companies as measured by market capitalization receive a larger index weight than their larger counterparts. In addition, at each rebalancing, a factor is applied that operates as a constraint or cap on the weight of individual components of the Underlying Index the constraint factor. The constraint factor is held constant between each rebalancing. The constraint factor is calculated by reference to the relative weight of each component in the Parent Index and used to determine the weights of each respective component in the Underlying Index. The constraint factor remains constant between index reviews except in case of corporate events (as defined by the Index Provider). The constraint factor does not limit the market appreciation / depreciation of individual components between each rebalancing. The Underlying Index is rebalanced semi-annually in May and November. As of October 25, 2018, there are 1,013 component securities in the Underlying Index. As of October 25, 2018 a significant portion of the Underlying Index is represented by securities of companies in the financials and industrials industries or sectors. The components of the Underlying Index are likely to change over time. Prior to the selection of the Underlying Index on December 3, 2018, the Fund tracked the MSCI World ex USA Risk Weighted Index.

ETFs related toISZE

ETFs correlated to ISZE include IEFA, IDEV, SPDW

ISZE
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Size Factor ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
AVDE
American Century ETF Trust - Avantis International Equity 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 toISZE

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with ISZE using Composer

FAQ

ISZE is a Global Ex. US Equities ETF. The Fund seeks to track the investment results of the MSCI World ex USA Low Size Index (the Underlying Index ), which is based on a traditional market capitalization-weighted parent index, the MSCI World ex USA Index (the Parent Index ). The Parent Index includes international large- and mid-capitalization stocks, as defined by MSCI Inc. (the Index Provider or MSCI ). The Underlying Index is constructed by applying a mathematical formula that reweights the constituents of its market capitalization weighted Parent Index, such that smaller companies as measured by market capitalization receive a larger index weight than their larger counterparts. In addition, at each rebalancing, a factor is applied that operates as a constraint or cap on the weight of individual components of the Underlying Index the constraint factor. The constraint factor is held constant between each rebalancing. The constraint factor is calculated by reference to the relative weight of each component in the Parent Index and used to determine the weights of each respective component in the Underlying Index. The constraint factor remains constant between index reviews except in case of corporate events (as defined by the Index Provider). The constraint factor does not limit the market appreciation / depreciation of individual components between each rebalancing. The Underlying Index is rebalanced semi-annually in May and November. As of October 25, 2018, there are 1,013 component securities in the Underlying Index. As of October 25, 2018 a significant portion of the Underlying Index is represented by securities of companies in the financials and industrials industries or sectors. The components of the Underlying Index are likely to change over time. Prior to the selection of the Underlying Index on December 3, 2018, the Fund tracked the MSCI World ex USA Risk Weighted Index.

ISZE tracks the MSCI World ex USA Low Size Index.

No, ISZE 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, ISZE 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 ISZE is -0.0003%. This is the percent change in the value of ISZE over the most recent 1-month period. The 3-month return on ISZE is -0.0128%. This is the percent change in the value of ISZE over the most recent 3-month period.

The standard deviation of ISZE for the past year is 0.1756%. 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 ISZE include PBW, IGF, and ARKK.

ETFs correlated to ISZE include IEFA, IDEV, and SPDW.

ETFs that are inversely correlated to ISZE include EFZ, EPV, and SH.

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.