iShares ESG Screened S&P 500 ETF
Top 10 Holdings
What is XVV?
The Fund seeks to track the investment results of the S&P 500 Sustainability Screened Index (the UnderlyingIndex ), which measures the performance of the large-capitalization sector of the U.S. equity market while excluding companies involved incontroversial business activities and controversies, as determined by S&PDow Jones Indices LLC (the IndexProvider or SPDJI ). The Underlying Index is a float-adjusted market capitalization-weighted equity index.The Index Provider constructs the Underlying Index starting with the S&P 500 and based on its eligibility criteria excludes companies with specific levels of involvement in the business of tobacco (both production and retail), controversial weapons, manufacturers and major retailers of small arms and companies involved in certain fossil-fuel related activity.
ETFs related toXVV
ETFs correlated to XVV include BKLC, USCA, IWL
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.
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Create your own algorithmic trading strategy with XVV using Composer
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.