ETF Symbol: Price 43.62 Volume 2500 Avg Vol 32770 RSf 43.6 $Vol(21d) 924k 52 wk High 47.92 52 wk Low 16.66 (as of 2010-09-09) Total Returns: 1 day 1.0% 5 day 2.0% 1 month -1.4% 3 month 10.7% 6 month -2.8% 9 month -2.8% 1 year -1.0%   Compare Funds: Correlated Group: Devlpd x/US (View cGroup) (All Groups)

Correlated Funds

Most Correlated   Least Correlated Vanguard FTSE All-World ex-US ETF VEU 0.97 Proshares UltraShort S&P500 SDS -0.89 iShares MSCI EAFE Index Fund EFA 0.97 ProShares Short S&P 500 SH -0.89 iShares S&P Europe 350 Index Fund IEV 0.96 ProShares UltraPro Short Dow30 SDOW -0.89 Schwab International Equity ETF SCHF 0.96 Direxion Emerging Markets Bear 3X Shares EDZ -0.91 Vanguard Europe Pacific ETF VEA 0.96 ProShares UltraShort MSCI Emerging Mkts EEV -0.91 iShares MSCI EAFE Growth Index Fund EFG 0.96 ProShares Short MSCI Emerging Mkts EUM -0.91 iShares S&P Global Infrastructure Index Fund IGF 0.96 ProShares UltraShort MSCI Europe EPV -0.96 Direxion Developed Markets Bull 3X Share DZK 0.96 Direxion Developed Markets Bear 3X Share DPK -0.96 iShares MSCI EAFE Value Index Fund EFV 0.96 ProShares UltraShort MSCI EAFE EFU -0.97 iShares Dow Jones EPAC Select Dividend Index IDV 0.96 ProShares Short MSCI EAFE EFZ -0.98

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.