ETF Symbol: Price 18.08 Volume 123200 Avg Vol 197430 RSf 75.5 $Vol(21d) 5m 52 wk High 18.13 52 wk Low 15.32 (as of 2010-09-09) Total Returns: 1 day 0.1% 5 day 0.5% 1 month 0.1% 3 month 7.2% 6 month 3.7% 9 month 7.8% 1 year 15.0%   Compare Funds: Correlated Group: Fixed Income (View cGroup) (All Groups)

Correlated Funds

Most Correlated   Least Correlated SPDR Barclays High Yield Bond JNK 0.89 ProShares UltraPro Short S&P 500 SPXU -0.70 iShares iBoxx $ High Yield Corporate Bond Fun HYG 0.89 ProShares Short S&P 500 SH -0.71 PowerShares CEF Income Composite Portfolio PCEF 0.82 ProShares Short Dow 30 DOG -0.71 PowerShares Financial Preferred Portfolio PGF 0.81 ProShares UltraShort MSCI EAFE EFU -0.71 iShares S&P U.S. Preferred Stock Index Fund PFF 0.78 ProShares UltraPro Short Dow30 SDOW -0.71 WisdomTree Emerging Markets Small Cap Dividen DGS 0.77 Proshares UltraShort Dow30 DXD -0.71 SPDR S&P Emerging Markets Small Cap EWX 0.77 ProShares Short MSCI EAFE EFZ -0.71 PowerShares DWA Em Mkts Technical Ldrs PIE 0.77 ProShares Short MSCI Emerging Mkts EUM -0.74 WisdomTree Emerging Markets High-Yielding Equ DEM 0.77 Direxion Emerging Markets Bear 3X Shares EDZ -0.74 Claymore/AlphaShares China Small Cap HAO 0.76 ProShares UltraShort MSCI Emerging Mkts EEV -0.74

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.