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ETFs

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

NIB
$--
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)
$314,975
AUM
$13,440,380
Associated Index
Bloomberg Cocoa Sub-Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with NIB

What is NIB?

The Bloomberg-UBS Cocoa Subindex Total Return is a sub-index of the Bloomberg-UBS Commodity Index Total Return and is intended to reflect the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index as well as the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The Bloomberg-UBS Cocoa Subindex Total Return is a single-commodity sub-index currently consisting of one futures contract on the commodity of cocoa, which is included in the Bloomberg-UBS Commodity Index Total Return.

ETFs related toNIB

ETFs correlated to NIB include DBA, FLGB, EWU

NIB
Barclays Bank PLC - iPath Bloomberg Cocoa Total Return ETN
DBA
Invesco DB Multi-Sector Commodity Trust - Invesco DB Agriculture Fund
FLGB
Franklin Templeton ETF Trust - Franklin FTSE United Kingdom ETF
EWU
BlackRock Institutional Trust Company N.A. - iShares MSCI United Kingdom ETF
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
UDN
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bearish Fund -1x Shares
IMTM
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Momentum Factor ET
DFIV
Dimensional ETF Trust - Dimensional International Value ETF
FXB
Rydex Investments - Invesco CurrencyShares British Pound Sterling Trust
ICOW
Pacer Funds Trust - Pacer Developed Markets International Cash Cows 100 ETF
DTH
WisdomTree Trust - WisdomTree International High Dividend 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 toNIB

#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 NIB using Composer

FAQ

NIB is a Global Commodities & Metals ETF. The Bloomberg-UBS Cocoa Subindex Total Return is a sub-index of the Bloomberg-UBS Commodity Index Total Return and is intended to reflect the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index as well as the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The Bloomberg-UBS Cocoa Subindex Total Return is a single-commodity sub-index currently consisting of one futures contract on the commodity of cocoa, which is included in the Bloomberg-UBS Commodity Index Total Return.

NIB tracks the Bloomberg Cocoa Sub-Index.

No, NIB 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, NIB 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 NIB is 0.058%. This is the percent change in the value of NIB over the most recent 1-month period. The 3-month return on NIB is 0.2323%. This is the percent change in the value of NIB over the most recent 3-month period.

The standard deviation of NIB for the past year is 0.2475%. 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 NIB include TAGS, SGG, and JO.

ETFs correlated to NIB include DBA, FLGB, and EWU.

ETFs that are inversely correlated to NIB include BBLB, USDU, and EUO.

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.