ETF Symbol: Price 22.64 Volume 8000 Avg Vol 156590 RSf 20.3 $Vol(21d) 4m 52 wk High 24.33 52 wk Low 21.50 (as of 2010-09-09) Total Returns: 1 day 0.7% 5 day 1.2% 1 month -2.2% 3 month -0.2% 6 month -3.4% 9 month -0.8% 1 year 0.2%   Compare Funds: Correlated Group: Currency (View cGroup) (All Groups)

Correlated Funds

Most Correlated   Least Correlated Rydex Austrailian Dollar FXA 0.79 Direxion Emerging Markets Bear 3X Shares EDZ -0.74 Rydex Canadian Dollar FXC 0.78 ProShares UltraShort MSCI Emerging Mkts EEV -0.74 iShares MSCI Australia Index Fund EWA 0.77 Rydex Inverse 2x S&P 500 ETF RSW -0.75 iShares MSCI Pacific Ex-Japan Index Fund EPP 0.76 Proshares UltraShort S&P500 SDS -0.75 ProShares Ultra Dow 30 DDM 0.76 Direxion Large Cap Bear 3X Shares BGZ -0.75 DIAMONDS Trust Series I DIA 0.76 ProShares UltraPro Short S&P 500 SPXU -0.75 ProShares UltraPro Dow30 UDOW 0.76 ProShares Short S&P 500 SH -0.75 Vanguard Mega Cap 300 Index ETF MGC 0.76 ProShares Short Dow 30 DOG -0.76 Vanguard Mega Cap 300 Value Index ETF MGV 0.76 ProShares UltraPro Short Dow30 SDOW -0.76 ProShares Ultra S&P 500 SSO 0.75 Proshares UltraShort Dow30 DXD -0.76

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.