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ETFs

ROBO Global Artificial Intelligence ETF

THNQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 07 2020
Expense Ratio
0.68%
Type
Global Equities
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$1,427,367
AUM
$76,895,000
Associated Index
ROBO Global Artificial Intelligence Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with THNQ

What is THNQ?

The fund seeks to track the performance of the ROBO Global Artifical Intelligence Index. The index methodology follows a modified AI-factor weighting scheme and rebalances on a quarterly basis to more effectively respond to and capture changes in the technological and competitive landscapes while maintaining critical diversification. Including more than 60 stocks across 11 subsectors in 16 countries, the index is built to minimize risk by limiting reliance on the largest-cap players, and to capture the growth of rapidly developing artificial intelligence companies around the globe.

ETFs related toTHNQ

ETFs correlated to THNQ include SKYY, XSW, CLOU

THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX 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.

FAQ

THNQ is a Global Equities ETF. The fund seeks to track the performance of the ROBO Global Artifical Intelligence Index. The index methodology follows a modified AI-factor weighting scheme and rebalances on a quarterly basis to more effectively respond to and capture changes in the technological and competitive landscapes while maintaining critical diversification. Including more than 60 stocks across 11 subsectors in 16 countries, the index is built to minimize risk by limiting reliance on the largest-cap players, and to capture the growth of rapidly developing artificial intelligence companies around the globe.

THNQ tracks the ROBO Global Artificial Intelligence Index.

No, THNQ 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, THNQ 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 THNQ is -0.0108%. This is the percent change in the value of THNQ over the most recent 1-month period. The 3-month return on THNQ is -0.0245%. This is the percent change in the value of THNQ over the most recent 3-month period.

The standard deviation of THNQ for the past year is 0.2902%. 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 THNQ include PBW, IGF, and ARKK.

ETFs correlated to THNQ include SKYY, XSW, and CLOU.

ETFs that are inversely correlated to THNQ include WEBS, HIBS, and SQQQ.

Disclaimers

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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.