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ETFs

iShares MSCI USA Size Factor ETF

SIZE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 16 2013
Expense Ratio
0.15%
Type
US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$1,269,968
AUM
$283,587,319
Associated Index
MSCI USA Low Size Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

RIVN
Rivian Automotive Inc - Ordinary Shares - Class A
0.25%
SPLK
Splunk Inc
0.24%
DINO
HF Sinclair Corp.
0.23%
DELL
Dell Technologies Inc - Ordinary Shares - Class C
0.23%
TPL
Texas Pacific Land Corporation
0.23%
VST
Vistra Corp
0.22%
APO
Apollo Global Management Inc - Ordinary Shares - Class A (New)
0.22%
ROKU
Roku Inc - Ordinary Shares - Class A
0.22%
OVV
Ovintiv Inc
0.22%
MPC
Marathon Petroleum Corp
0.22%
Invest with SIZE

What is SIZE?

The Fund seeks to track the investment results of the MSCI USA Low Size Index (the Underlying Index ), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index (the Parent Index ). The Parent Index includes U.S. large- and mid-capitalization stocks, as defined by MSCI Inc. (the Index Provider or MSCI ). The Underlying Index is constructed by applying a mathematical formula that reweights the constituents of its market capitalization-weighted Parent Index, such that smaller companies as measured by market capitalization receive a larger index weight than their larger counterparts. In addition, at each rebalancing, a factor is applied that operates as a constraint or cap on the weight of individual components of the Underlying Index the constraint factor. The constraint factor is held constant between each rebalancing. The constraint factor is calculated by reference to the relative weight of each component in the Parent Index and used to determine the weights of each respective component in the Underlying Index. Prior to the selection of the Underlying Index on December 3, 2018, the Fund tracked the MSCI USA Risk Weighted Index.

ETFs related toSIZE

ETFs correlated to SIZE include EUSA, VO, IWR

SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
BKMC
BNY Mellon ETF Trust - BNY Mellon US Mid Cap Core Equity ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth 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 toSIZE

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with SIZE using Composer

FAQ

SIZE is a US Equities ETF. The Fund seeks to track the investment results of the MSCI USA Low Size Index (the Underlying Index ), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index (the Parent Index ). The Parent Index includes U.S. large- and mid-capitalization stocks, as defined by MSCI Inc. (the Index Provider or MSCI ). The Underlying Index is constructed by applying a mathematical formula that reweights the constituents of its market capitalization-weighted Parent Index, such that smaller companies as measured by market capitalization receive a larger index weight than their larger counterparts. In addition, at each rebalancing, a factor is applied that operates as a constraint or cap on the weight of individual components of the Underlying Index the constraint factor. The constraint factor is held constant between each rebalancing. The constraint factor is calculated by reference to the relative weight of each component in the Parent Index and used to determine the weights of each respective component in the Underlying Index. Prior to the selection of the Underlying Index on December 3, 2018, the Fund tracked the MSCI USA Risk Weighted Index.

SIZE tracks the MSCI USA Low Size Index.

No, SIZE 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, SIZE 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 SIZE is -0.015%. This is the percent change in the value of SIZE over the most recent 1-month period. The 3-month return on SIZE is -0.0057%. This is the percent change in the value of SIZE over the most recent 3-month period.

The standard deviation of SIZE for the past year is 0.1874%. 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 SIZE include SPHQ, DSI, and QUAL.

ETFs correlated to SIZE include EUSA, VO, and IWR.

ETFs that are inversely correlated to SIZE include SDS, SPXU, and SPXS.

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.