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ETFs

iPath Bloomberg Lead Subindex Total Return ETN due June 24, 2038

LD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 24 2008
Expense Ratio
0.70%
Type
Global Commodities & Metals
Fund Owner
Barclays iPath
Volume (1m avg. daily)
$3,780
AUM
$1,220,264
Associated Index
Bloomberg Lead Sub-Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with LD

What is LD?

The iPath Dow Jones-UBS Lead Subindex Total Return ETN is designed to provide investors with exposure to the Dow Jones-UBS Lead Subindex Total Return. The Dow Jones-UBS Lead Subindex Total Return (the "Index") reflects the returns that are potentially available through an unleveraged investment in the futures contracts on lead. The Index currently consists of one futures contract on the commodity of lead which is included in the Dow Jones-UBS Commodity Index Total Return.

ETFs related toLD

ETFs correlated to LD include GAPR, MDLV, MAYW

LD
Barclays Bank PLC - iPath Bloomberg Lead Subindex Total Return ETN
GAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - April
MDLV
EA Series Trust - Morgan Dempsey Large Cap Value ETF
MAYW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 May ETF
USCA
DBX ETF Trust - Xtrackers MSCI USA Climate Action Equity ETF
DBB
Invesco DB Multi-Sector Commodity Trust - Invesco DB Base Metals 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 toLD

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with LD using Composer

FAQ

LD is a Global Commodities & Metals ETF. The iPath Dow Jones-UBS Lead Subindex Total Return ETN is designed to provide investors with exposure to the Dow Jones-UBS Lead Subindex Total Return. The Dow Jones-UBS Lead Subindex Total Return (the "Index") reflects the returns that are potentially available through an unleveraged investment in the futures contracts on lead. The Index currently consists of one futures contract on the commodity of lead which is included in the Dow Jones-UBS Commodity Index Total Return.

LD tracks the Bloomberg Lead Sub-Index.

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

The standard deviation of LD for the past year is 0.3833%. 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 LD include SLV, OUNZ, and SGOL.

ETFs correlated to LD include GAPR, MDLV, and MAYW.

ETFs that are inversely correlated to LD include BBLB, VTES, and DUG.

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.