ETF Symbol: Price 56.05 Volume 13700 Avg Vol 72960 RSf 52.0 $Vol(21d) 3m 52 wk High 58.06 52 wk Low 50.48 (as of 2010-09-09) Total Returns: 1 day 0.6% 5 day 0.6% 1 month 0.6% 3 month 8.2% 6 month 3.1% 9 month -1.1% 1 year 2.3%   Compare Funds: Correlated Group: Fixed Income (View cGroup) (All Groups)

Correlated Funds

Most Correlated   Least Correlated SPDR Barclays Intl Treasury Bond ETF BWX 0.69 ProShares Short MSCI Emerging Mkts EUM -0.57 WisdomTree DIEFA DWM 0.67 Direxion Emerging Markets Bear 3X Shares EDZ -0.57 PowerShares DB US Dollar Index Bearish Fund UDN 0.67 ProShares UltraShort MSCI Emerging Mkts EEV -0.57 Rydex British Pound FXB 0.65 Direxion Developed Markets Bear 3X Share DPK -0.63 iShares S&P Global Infrastructure Index Fund IGF 0.65 Market Vectors Double Short Euro ETN DRR -0.63 CurrencyShares Euro Trust FXE 0.65 ProShares UltraShort Euro EUO -0.64 SPDR S&P International Dividend DWX 0.64 ProShares UltraShort MSCI EAFE EFU -0.64 iShares Dow Jones EPAC Select Dividend Index IDV 0.64 ProShares UltraShort MSCI Europe EPV -0.64 iShares S&P Europe 350 Index Fund IEV 0.64 ProShares Short MSCI EAFE EFZ -0.64 iShares MSCI Austria Index Fund EWO 0.64 PowerShares DB US Dollar Index Bullish Fund UUP -0.65

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.