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Valkyrie ETF Trust II Valkyrie Bitcoin Miners ETF

WGMI
$--
Today’s Change
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Snapshot
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Inception Date
Feb 07 2022
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
Valkyrie Funds
Volume (1m avg. daily)
$388,493
AUM
$5,484,114
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

RIOT
Riot Platforms Inc
11.05%
HIVE
HIVE Blockchain Technologies Ltd
9.03%
MARA
Marathon Digital Holdings Inc
8.77%
HUT
Hut 8 Mining Corp
8.68%
BITF
BITFARMS LTD/CANADA
8.27%
CLSK
Cleanspark Inc
8.11%
CIFR
Cipher Mining Inc
6.20%
IREN
Iris Energy Ltd
4.74%
BTBT
Bit Digital Inc
4.74%
MIGI
Mawson Infrastructure Group Inc
4.48%
Invest with WGMI

What is WGMI?

WGMI is an actively managed ETF available through Nasdaq that invests in public companies in the bitcoin mining industry. Companies are screened based on their usage of renewable energy. It invests at least 80% of its net assets (plus borrowings for investment purposes) in securities of companies that derive at least 50% of their revenue or profits from bitcoin mining operations and/ or from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining.

ETFs related toWGMI

ETFs correlated to WGMI include BLOK, ARKW, BLCN

WGMI
Valkyrie ETF Trust II - Valkyrie Bitcoin Miners ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
BLCN
Siren ETF Trust - Siren Nasdaq NexGen Economy ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector 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.

FAQ

WGMI is a Global Equities ETF. WGMI is an actively managed ETF available through Nasdaq that invests in public companies in the bitcoin mining industry. Companies are screened based on their usage of renewable energy. It invests at least 80% of its net assets (plus borrowings for investment purposes) in securities of companies that derive at least 50% of their revenue or profits from bitcoin mining operations and/ or from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining.

Yes, WGMI 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, WGMI 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 WGMI is 0.1171%. This is the percent change in the value of WGMI over the most recent 1-month period. The 3-month return on WGMI is 1.0132%. This is the percent change in the value of WGMI over the most recent 3-month period.

The standard deviation of WGMI for the past year is 0.8216%. 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 WGMI include EFG, TAN, and PXF.

ETFs correlated to WGMI include BLOK, ARKW, and BLCN.

ETFs that are inversely correlated to WGMI include SARK, BITI, and HDGE.

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.