ETF Symbol: Price 57.27 Volume 37300 Avg Vol 149010 RSf 45.6 $Vol(21d) 9m 52 wk High 60.84 52 wk Low 51.01 (as of 2010-09-09) Total Returns: 1 day -0.1% 5 day -1.0% 1 month -0.9% 3 month 8.3% 6 month 2.0% 9 month -2.5% 1 year 0.3%   Compare Funds: Correlated Group: Fixed Income (View cGroup) (All Groups)

Correlated Funds

Most Correlated   Least Correlated SPDR DB Intl Govt Infl-Protected Bond WIP 0.69 ProShares UltraShort MSCI Brazil BZQ -0.28 PowerShares DB US Dollar Index Bearish Fund UDN 0.68 ProShares UltraShort DJ-AIG Crude Oil SCO -0.29 CurrencyShares Euro Trust FXE 0.68 PowerShares DB Crude Oil Dble Short ETN DTO -0.30 CurrencyShares Swiss Franc FXF 0.54 Direxion Developed Markets Bear 3X Share DPK -0.39 Rydex British Pound FXB 0.51 ProShares UltraShort MSCI EAFE EFU -0.39 iShares MSCI Spain Index Fund EWP 0.46 ProShares Short MSCI EAFE EFZ -0.40 iShares MSCI Austria Index Fund EWO 0.44 ProShares UltraShort MSCI Europe EPV -0.41 iShares MSCI Belgium Index Fund EWK 0.44 Market Vectors Double Short Euro ETN DRR -0.66 iShares MSCI Italy Index Fund EWI 0.43 ProShares UltraShort Euro EUO -0.67 iShares MSCI Netherlands Index Fund EWN 0.43 PowerShares DB US Dollar Index Bullish Fund UUP -0.68

These 126 day (6 month) correlations can be considered short term, focusing on recent price movements. Correlations are only calculated for actively traded funds. As of: 2010-09-03.

Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.