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ETFs

Xtrackers S&P MidCap 400 ESG ETF

MIDE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 23 2021
Expense Ratio
0.15%
Type
US Equities
Fund Owner
DWS
Volume (1m avg. daily)
$110,547
AUM
$10,790,348
Associated Index
S&P MidCap 400 ESG Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AXON
Axon Enterprise Inc
1.16%
HUBB
Hubbell Inc.
0.99%
GGG
Graco Inc.
0.94%
DECK
Deckers Outdoor Corp.
0.93%
TTC
Toro Co.
0.92%
ACM
AECOM
0.89%
FIVE
Five Below Inc
0.89%
JBL
Jabil Inc
0.89%
CSL
Carlisle Companies Inc.
0.88%
PEN
Penumbra Inc
0.85%
Invest with MIDE

What is MIDE?

Xtrackers S&P MidCap 400 ESG ETF, seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P MidCap 400 ESG Index. The S&P MidCap 400 ESG Index is a broad-based, market-cap-weighted index that is designed to measure the performance of securities meeting sustainability criteria, while maintaining similar overall industry group weights as the S&P MidCap 400. The index excludes companies with disqualifying UN Global Compact scores and business involvement in tobacco or controversial weapons, then targets 75% of the float market capitalization of each GICS Industry Group within the S&P 500, using an ESG score as the defining characteristic.

ETFs related toMIDE

ETFs correlated to MIDE include IVOO, MIDU, SPMD

MIDE
DBX ETF Trust - Xtrackers S&P MidCap 400 ESG ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
EZM
WisdomTree Trust - WisdomTree U.S. MidCap Fund
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap 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 toMIDE

#TSMO

Treasury and Stock Momentum

Category

Momentum, Be Risk Aware

Risk Rating

Aggressive

#BUTTERFLY

Golden Butterfly

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with MIDE using Composer

FAQ

MIDE is a US Equities ETF. Xtrackers S&P MidCap 400 ESG ETF, seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P MidCap 400 ESG Index. The S&P MidCap 400 ESG Index is a broad-based, market-cap-weighted index that is designed to measure the performance of securities meeting sustainability criteria, while maintaining similar overall industry group weights as the S&P MidCap 400. The index excludes companies with disqualifying UN Global Compact scores and business involvement in tobacco or controversial weapons, then targets 75% of the float market capitalization of each GICS Industry Group within the S&P 500, using an ESG score as the defining characteristic.

MIDE tracks the S&P MidCap 400 ESG Index.

No, MIDE 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, MIDE 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 MIDE is -0.0947%. This is the percent change in the value of MIDE over the most recent 1-month period. The 3-month return on MIDE is -0.0194%. This is the percent change in the value of MIDE over the most recent 3-month period.

The standard deviation of MIDE for the past year is 0.2506%. 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 MIDE include SPHQ, QUAL, and SUSA.

ETFs correlated to MIDE include IVOO, MIDU, and SPMD.

ETFs that are inversely correlated to MIDE include TWM, TZA, and RWM.

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.