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ETFs

IQ Ultra Short Duration ETF

ULTR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 31, 2019
Expense Ratio
0.25%
Type
US Bonds
Fund Owner
Index IQ
Volume (1m avg. daily)
$101,290
AUM
$19,091,956
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
US TREASURY N/B 4.375 8/31/2028
17.69%
n/a
US TREASURY N/B 2.25 12/31/2023
17.14%
n/a
TREASURY BILL 0 11/9/2023
9.10%
CNP5183478
CENTERPOINT ENERGY INC FRN 5/13/2024
3.69%
n/a
US TREASURY N/B 4.625 9/15/2026
2.74%
AER/24D
AerCap Ireland Capital DAC - 1.65% NT REDEEM 29/10/2024 USD 150000
2.69%
NCBQ
Bank of America 4.2 % Medium Term Notes 2014-26.8.24 Subord Series L
2.45%
AL24
Air Lease Corp - 0.80% MTN REDEEM 18/08/2024 USD 2000
2.20%
n/a
BLACKROCK LIQUIDITY T 60
2.00%
HBAN5411506
HUNTINGTON NATIONAL BANK 4.008 5/16/2025
1.94%
Invest with ULTR

What is ULTR?

The Fund s primary objective is to provide current income while maintaining limited price volatility. The IQ Ultra Short Duration ETF is actively managed, with a duration target of less than one year, and is comprised of investment grade corporate bonds, commercial paper, and cash, as well as exposure to asset-backed and mortgage-backed securities.

ETFs related toULTR

ETFs correlated to ULTR include PULS, IBDY, BINC

ULTR
IndexIQ Active ETF Trust - IQ Ultra Short Duration ETF
PULS
PGIM ETF Trust - PGIM Ultra Short Bond ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
BINC
BlackRock ETF Trust II - BlackRock Flexible Income ETF
VNLA
Janus Capital Management LLC - Janus Henderson Short Duration Income ETF
UTWO
Rbb Fund Inc - US Treasury 2 Year Note ETF
TUA
Simplify Exchange Traded Funds - Simplify Short Term Treasury Futures Strategy ETF
SHY
BlackRock Institutional Trust Company N.A. - iShares 1-3 Year Treasury Bond ETF
SPTS
SSgA Active Trust - SPDR Portfolio Short Term Treasury ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
IBTG
iShares Trust - iShares iBonds Dec 2026 Term Treasury 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 toULTR

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with ULTR using Composer

FAQ

ULTR is a US Bonds ETF. The Fund s primary objective is to provide current income while maintaining limited price volatility. The IQ Ultra Short Duration ETF is actively managed, with a duration target of less than one year, and is comprised of investment grade corporate bonds, commercial paper, and cash, as well as exposure to asset-backed and mortgage-backed securities.

Yes, ULTR 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, ULTR 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 ULTR is 0.004%. This is the percent change in the value of ULTR over the most recent 1-month period. The 3-month return on ULTR is 0.0131%. This is the percent change in the value of ULTR over the most recent 3-month period.

The standard deviation of ULTR for the past year is 0.0262%. 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 ULTR include GVI, BLV, and BSV.

ETFs correlated to ULTR include PULS, IBDY, and BINC.

ETFs that are inversely correlated to ULTR include PST, TBX, and DBMF.

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.