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ETFs

BlueStar Israel Technology ETF

ITEQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 03 2015
Expense Ratio
0.75%
Type
Global Ex. US Equities
Fund Owner
ETF Managers Group
Volume (1m avg. daily)
$277,601
AUM
$89,269,290
Associated Index
Bluestar Israel Global Technology Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CHKP
Check Point Software Technologies Ltd.
9.17%
DOX
Amdocs Ltd
7.58%
CYBR
CyberArk Software Ltd
7.23%
NICE
NICE Ltd - ADR
6.66%
ESLT
Elbit Systems Ltd.
5.06%
WIX
Wix.com Ltd
4.20%
MNDY
Monday.Com Ltd
4.20%
SEDG
Solaredge Technologies Inc
3.84%
S
SentinelOne Inc - Ordinary Shares - Class A
3.33%
ORA
Ormat Technologies Inc
3.07%
Invest with ITEQ

What is ITEQ?

The BlueStar Israel Technology ETF (the Fund ) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the BlueStar Israel Global Technology Index ( BIGITech or the Index ). BIGITech Index is the broadest, deepest and most complete benchmark of the Israeli Global Technology sector. The index considers all Israeli companies regardless of listing venue and allows for the inclusion of companies operating in a range of industries from information technology to biotechnology to clean and sustainable agriculture and energy technology. BIGITech was developed and is maintained by BlueStar Indexes. The index is calculated by Standard and Poor s. The index is rebalanced twice a year in June and December. BlueStar Indexes is advised by the BlueStar Index Advisory Committee. The index s ticker symbol is BGTHTR.

ETFs related toITEQ

ETFs correlated to ITEQ include THNQ, XSW, CLOU

ITEQ
ETF Managers Group LLC - BlueStar Israel Technology ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
ROBT
First Trust Exchange-Traded Fund VI - First Trust Nasdaq Artificial Intelligence and Robotics ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
VBK
Vanguard Group, Inc. - Vanguard Small 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 toITEQ

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with ITEQ using Composer

FAQ

ITEQ is a Global Ex. US Equities ETF. The BlueStar Israel Technology ETF (the Fund ) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the BlueStar Israel Global Technology Index ( BIGITech or the Index ). BIGITech Index is the broadest, deepest and most complete benchmark of the Israeli Global Technology sector. The index considers all Israeli companies regardless of listing venue and allows for the inclusion of companies operating in a range of industries from information technology to biotechnology to clean and sustainable agriculture and energy technology. BIGITech was developed and is maintained by BlueStar Indexes. The index is calculated by Standard and Poor s. The index is rebalanced twice a year in June and December. BlueStar Indexes is advised by the BlueStar Index Advisory Committee. The index s ticker symbol is BGTHTR.

ITEQ tracks the Bluestar Israel Global Technology Index.

No, ITEQ 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, ITEQ 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 ITEQ is -0.0409%. This is the percent change in the value of ITEQ over the most recent 1-month period. The 3-month return on ITEQ is -0.0806%. This is the percent change in the value of ITEQ over the most recent 3-month period.

The standard deviation of ITEQ for the past year is 0.2371%. 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 ITEQ include IXJ, SMH, and URA.

ETFs correlated to ITEQ include THNQ, XSW, and CLOU.

ETFs that are inversely correlated to ITEQ include WEBS, HIBS, and SARK.

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.