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ETFs

RDMX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 10 2022
Expense Ratio
0.12%
Type
Global Ex. US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$14,286
AUM
$13,137,963
Associated Index
Bloomberg SASB Developed Markets ex US Large & Mid Cap ESG Ex-Controversies Select Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
U.S. Dollar
99.44%
964WKM90
STATE STREET INSTITUTIONAL LIQ STATE STREET INSTITUT STIF USD
0.30%
n/a
Swiss Franc
0.11%
n/a
Euro
0.05%
n/a
Danish Krone
0.02%
n/a
Swedish Krona
0.02%
n/a
Australian Dollar
0.02%
n/a
British Pounds
0.01%
n/a
Israeli Shekel
0.01%
n/a
Canadian Dollar
0.01%
Invest with RDMX

What is RDMX?

RDMX seeks to provide investment results that, before fees and expenses, correspond generally to the total return of the Bloomberg SASB Developed Markets ex US Large & Mid Cap ESG Ex Controversies Select. to track an index that is designed to exclude securities involved in and/or which derive significant revenue from certain controversial business practices, industries or product lines and utilizes a quantitative process designed to maximize the Index overall R Factor score (the ESG Score), while maintaining predicted tracking error within a targeted range relative to the Bloomberg Developed Markets ex US Large & Mid Cap Total Return Index.

ETFs related toRDMX

ETFs correlated to RDMX include BKIE, SCHF, IDEV

RDMX
SPDR Index Shares Funds - SPDR Bloomberg SASB Developed Markets Ex US ESG Select ETF
BKIE
BNY Mellon ETF Trust - BNY Mellon International Equity ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF
AVSD
American Century ETF Trust - Avantis Responsible International Equity ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets 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 toRDMX

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with RDMX using Composer

FAQ

RDMX is a Global Ex. US Equities ETF. RDMX seeks to provide investment results that, before fees and expenses, correspond generally to the total return of the Bloomberg SASB Developed Markets ex US Large & Mid Cap ESG Ex Controversies Select. to track an index that is designed to exclude securities involved in and/or which derive significant revenue from certain controversial business practices, industries or product lines and utilizes a quantitative process designed to maximize the Index overall R Factor score (the ESG Score), while maintaining predicted tracking error within a targeted range relative to the Bloomberg Developed Markets ex US Large & Mid Cap Total Return Index.

RDMX tracks the Bloomberg SASB Developed Markets ex US Large & Mid Cap ESG Ex-Controversies Select Index.

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

The standard deviation of RDMX for the past year is 0.2048%. 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 RDMX include EFV, ICLN, and IGF.

ETFs correlated to RDMX include BKIE, SCHF, and IDEV.

ETFs that are inversely correlated to RDMX include EFZ, EPV, and SDS.

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.