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ETFs

Wedbush ETFMG Global Cloud Technology ETF

IVES
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 9, 2016
Expense Ratio
0.68%
Type
Global Equities
Fund Owner
ETF Managers Group
Volume (1m avg. daily)
$321,930
AUM
$24,379,880
Associated Index
Dan Ives Global Cloud Technology Prime Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ESTC
Elastic N.V
6.03%
9719
SCSK Corporation
4.77%
4739
Itochu Techno-Solutions Corp.
4.58%
OTEX
Open Text Corp
4.14%
NICE
NICE Ltd
4.09%
NXT
NEXTDC Limited
4.04%
NTAP
Netapp Inc
3.04%
CD
Chindata Group Holdings Ltd - ADR
2.97%
OKTA
Okta Inc - Ordinary Shares - Class A
2.94%
DDOG
Datadog Inc - Ordinary Shares - Class A
2.83%
Invest with IVES

What is IVES?

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the undercover gems of cloud-based technology. The Fund s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performanceof the Dan Ives Global Cloud Technology Prime Index. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as "Cloud Technology Companies".

ETFs related toIVES

ETFs correlated to IVES include THNQ, WCLD, SKYY

IVES
ETF Managers Group LLC - Wedbush ETFMG Global Cloud Technology ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund

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 toIVES

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with IVES using Composer

FAQ

IVES is a Global Equities ETF. The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the undercover gems of cloud-based technology. The Fund s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performanceof the Dan Ives Global Cloud Technology Prime Index. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as "Cloud Technology Companies".

IVES tracks the Dan Ives Global Cloud Technology Prime Index.

No, IVES 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, IVES 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 IVES is -0.0091%. This is the percent change in the value of IVES over the most recent 1-month period. The 3-month return on IVES is 0.014%. This is the percent change in the value of IVES over the most recent 3-month period.

The standard deviation of IVES for the past year is 0.2807%. 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 IVES include IXJ, SMH, and URA.

ETFs correlated to IVES include THNQ, WCLD, and SKYY.

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

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.