ETF Symbol: Price 103.8 Volume 1622400 Avg Vol 6784920 RSf 91.0 $Vol(21d) 867m 52 wk High 109.01 52 wk Low 85.91 (as of 2010-09-09) Total Returns: 1 day -1.0% 5 day -2.1% 1 month 4.2% 3 month 8.9% 6 month 17.8% 9 month 14.3% 1 year 14.4%   Compare Funds: Correlated Group: Fixed Income (View cGroup) (All Groups)

Correlated Funds

Most Correlated   Least Correlated Direxion Daily 30 Yr Trs Bull 3X Shares TMF 1.00 SPDR KBW Insurance KIE -0.72 ProShares Ultra 20+ Year Treasury UBT 1.00 Vanguard Value VTV -0.72 iShares Barclays 10-20 Year Treasury Bond Fund TLH 0.98 PowerShares Dyn Large Cap Value PWV -0.72 Vanguard Extended Dur Treas Idx EDV 0.97 WisdomTree Dividend Top 100 DTN -0.72 Direxion Daily 10 Yr Trs Bull 3X Shares TYD 0.96 SPDR Dow Jones U.S. Large Cap Value Index Fund ELV -0.73 PowerShares 1-30 Laddered Treasury Port PLW 0.96 ProShares UltraShort Lehman 7-10 Yr Trsy PST -0.94 SPDR Barclays Long Term Treasury ETF TLO 0.94 Direxion Daily 10 Yr Trs Bear 3X Shares TYO -0.96 iShares Barclays 7-10 Year Treasury Bond Fund IEF 0.94 Direxion Daily 30 Yr Trs Bear 3X Shares TMV -1.00 PIMCO 25+ Yr Zero Cpn U.S. Trsy Idx ETF ZROZ 0.93 ProShares Short 20+ Year Treasury TBF -1.00 Vanguard Long-Term Bond ETF BLV 0.93 ProShares UltraShort Lehman 20+ Trsy TBT -1.00

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.