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ETFs

SPDR S&P Homebuilders ETF

XHB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 31 2006
Expense Ratio
0.35%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$293,485,941
AUM
$1,203,580,978
Associated Index
S&P Homebuilders Select Industry Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CSL
Carlisle Companies Inc.
4.09%
WSM
Williams-Sonoma, Inc.
3.94%
TT
Trane Technologies plc - Ordinary Shares - Class A
3.93%
LII
Lennox International Inc
3.91%
JCI
Johnson Controls International plc - Registered Shares
3.89%
ALLE
Allegion plc
3.88%
LEN
Lennar Corp. - Ordinary Shares - Class A
3.86%
FND
Floor & Decor Holdings Inc - Ordinary Shares - Class A
3.86%
NVR
NVR Inc.
3.83%
MAS
Masco Corp.
3.81%
Invest with XHB

What is XHB?

The SPDR Kensho New Economies Composite ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho New Economies Composite Index (the Index ). The S&P Kensho New Economies Composite Index (the "Index") is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide. The Index is designed to capture companies whose products and services are driving innovation and transforming the global economy through the use of existing and emerging technologies, and rapid developments in robotics, automation, artificial intelligence, connectedness and processing power ("New Economies companies").The Index is comprised of each of the eligible Kensho New Economies Sub-Indexes. Each Kensho Sub-Index is weighted by its Sharpe ratio with an annual reconstitution. There are currently 22 Sub-Indexes in the Composite. Kensho identifies companies in its New Economy Subsectors using its propriety Natural Language Processing "NLP", which leverages their artificial intelligence capabilities to screen regulatory forms for key words and phrases in the appropriate context relevant to the respective new economy sector to find companies for inclusion.

ETFs related toXHB

ETFs correlated to XHB include ITB, PKB, NAIL

XHB
SSgA Active Trust - SPDR Homebuilders ETF
ITB
BlackRock Institutional Trust Company N.A. - iShares U.S. Home Construction ETF
PKB
Invesco Capital Management LLC - Invesco Building & Construction ETF
NAIL
Direxion Shares ETF Trust - Direxion Daily Homebuilders & Supplies Bull 3X Shares
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
RSPD
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Discretionary ETF
FXD
First Trust Exchange-Traded Fund III - First Trust Consumer Discretionary AlphaDEX Fund
XMHQ
Invesco Capital Management LLC - Invesco S&P MidCap Quality ETF
FLQM
Franklin Templeton ETF Trust - Franklin U.S. Mid Cap Multifactor Index ETF
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
MDYG
SPDR Series Trust - SPDR S&P 400 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.

FAQ

XHB is a US Equities ETF. The SPDR Kensho New Economies Composite ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho New Economies Composite Index (the Index ). The S&P Kensho New Economies Composite Index (the "Index") is comprised of U.S.-listed equity securities (including depositary receipts) of companies domiciled across developed and emerging markets worldwide. The Index is designed to capture companies whose products and services are driving innovation and transforming the global economy through the use of existing and emerging technologies, and rapid developments in robotics, automation, artificial intelligence, connectedness and processing power ("New Economies companies").The Index is comprised of each of the eligible Kensho New Economies Sub-Indexes. Each Kensho Sub-Index is weighted by its Sharpe ratio with an annual reconstitution. There are currently 22 Sub-Indexes in the Composite. Kensho identifies companies in its New Economy Subsectors using its propriety Natural Language Processing "NLP", which leverages their artificial intelligence capabilities to screen regulatory forms for key words and phrases in the appropriate context relevant to the respective new economy sector to find companies for inclusion.

XHB tracks the S&P Homebuilders Select Industry Index.

No, XHB 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, XHB 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 XHB is -0.0333%. This is the percent change in the value of XHB over the most recent 1-month period. The 3-month return on XHB is -0.0047%. This is the percent change in the value of XHB over the most recent 3-month period.

The standard deviation of XHB for the past year is 0.2726%. 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 XHB include XLI, XLY, and XLV.

ETFs correlated to XHB include ITB, PKB, and NAIL.

ETFs that are inversely correlated to XHB include RWM, SRTY, and TWM.

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.