Skip to Content
ETFs

Global X Interest Rate Hedge ETF

RATE
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jul 5, 2022
Expense Ratio
0.47%
Type
US Bonds
Fund Owner
Global X
Volume (1m avg. daily)
$9,072
AUM
$3,581,216
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CLIP
Global X Funds - Global X 1-3 Month T-Bill ETF
29.44%
B 0 10/03/23
B 10/03/23
11.16%
—
B 10/10/23
11.15%
B 0 10/12/23
B 10/12/23
11.14%
B 0 12/19/23
B 12/19/23
11.03%
B 0 10/19/23
B 10/19/23
9.74%
—
SWAPTION 02/16/24 4.20 P
7.55%
—
B 09/26/23
5.58%
—
SWAPTION 01/08/24 4.00 P
4.55%
—
CASH
4.33%
Invest with RATE
Trade RATE Options

What is RATE?

The Global X Interest Rate Hedge ETF (RATE) is an actively-managed ETF designed to benefit when long-term interest rates increase. RATE seeks to achieve its investment objective primarily by investing in long interest rate swap options ("swaptions") and long positions in short term U.S. Treasury securities. The latter is mainly utilized for cash management purposes. RATE may invest in U.S. Treasury bills directly or through other ETFs.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

RATE
Performance Measures**

for the time period Dec 5, 2024 to Aug 25, 2025

Returns

1M Trailing Return: -2.0%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -7.5%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -19.1%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 18.8%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.21

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.29

The annualized return divided by the max drawdown for the selected time period.

ETFs related toRATE

ETFs correlated to RATE include TBX, PST, TBF

RATE
Global X Funds - Global X Interest Rate Hedge ETF
TBX
ProShares Trust - ProShares Short 7-10 Year Treasury -1x Shares
PST
Invesco Capital Management LLC - PowerShares UltraShort Lehman 7-10 + Year Treasury ProShares -2X Sh
TBF
ProShares Trust - ProShares Short 20+ Year Treasury -1x Shares
TMV
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bear -3X Shares
TTT
ProShares Trust - ProShares UltraPro Short 20+ Year Treasury -3x Shares
TBT
Invesco Capital Management LLC - PowerShares UltraShort Lehman 20+ Year Treasury ProShares 2x Shares
PFIX
Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF
DBMF
Manager Directed Portfolios - iMGP DBi Managed Futures Strategy ETF
KMLM
KraneShares Trust - KFA Mount Lucas Managed Futures Index Strategy ETF
SJB
ProShares Trust - ProShares Short High Yield -1x Shares

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.

FAQ

RATE is a US Bonds ETF. The Global X Interest Rate Hedge ETF (RATE) is an actively-managed ETF designed to benefit when long-term interest rates increase. RATE seeks to achieve its investment objective primarily by investing in long interest rate swap options ("swaptions") and long positions in short term U.S. Treasury securities. The latter is mainly utilized for cash management purposes. RATE may invest in U.S. Treasury bills directly or through other ETFs.

Yes, RATE is actively 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.

No, RATE is not passively managed. It is actively 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 RATE is 0.0706%. This is the percent change in the value of RATE over the most recent 1-month period. The 3-month return on RATE is 0.2177%. This is the percent change in the value of RATE over the most recent 3-month period.

The standard deviation of RATE for the past year is 0.3884%. 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 RATE include SHY, BIL, and TLT.

ETFs correlated to RATE include TBX, PST, and TBF.

ETFs that are inversely correlated to RATE include BKAG, UTEN, and TOTL.

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.