4 min readBy Beqa Bumbeishvili ETF Insider
ARKF Vs FINQ: Sectors and Top Holdings
In this article, we'll conduct an in-depth comparison between two prominent ETFs: ARKF (ARK Fintech Innovation ETF) and FINQ (Global X FinTech ETF).
The IQ Healthy Hearts ETF (HART) is managed by IndexIQ LLC, with Candriam serving as the index consultant. This ETF employs a passive management approach, aiming to replicate the performance of the Underlying Index, which incorporates thematic selection criteria to provide exposure to companies contributing positively to global health-related goals. These goals include monitoring and curing heart diseases and promoting healthy lifestyles to reduce cardiovascular risks. As of June 30, 2022, the Underlying Index comprises companies across various sectors and market capitalizations, trading in both U.S. and foreign markets, excluding a few emerging markets. The selection criteria for inclusion in the Underlying Index are based on initiatives and research by the American Heart Association, a prominent charity dedicated to fighting heart disease and stroke. Companies in the index are scored based on their contribution to the health theme, and an exclusionary screen is applied to exclude companies not aligned with responsible business practices. The ETF tracks the Underlying Index, which is rebalanced quarterly, and may include affiliated ETFs as components to help achieve its investment objectives.
The HART Dividend ETF, while primarily emphasizing growth, incorporates dividend distributions based on the performance of its underlying index. Dividends from this ETF are typically distributed on a quarterly schedule, subject to the dividend policies and performance of the constituent companies within the index. Investors can consider HART for potential capital growth and the added benefit of periodic dividend returns.
The IQ Healthy Hearts ETF employs a passive management investment approach aimed at tracking the performance of the Underlying Index. This index was developed by IndexIQ LLC, with Candriam acting as the index consultant. The Underlying Index incorporates thematic selection criteria designed to provide exposure to equity securities of companies that are actively contributing to global health-related goals, such as monitoring and curing heart diseases or promoting a healthy lifestyle to reduce cardiovascular risks. The index includes securities from various sectors and market capitalizations, excluding companies that do not comply with certain ethical and global compact principles. The ETF tracks this index, making it a suitable choice for investors looking to align their investments with companies focused on cardiovascular health and overall well-being.
The correlation aspect of the IQ Healthy Hearts ETF (HART) is primarily tied to its underlying index, which focuses on companies contributing positively to global health-related goals, particularly those related to heart health. As of June 30, 2022, HART's primary sectors within the underlying index include consumer discretionary, consumer staples, and health care. While specific correlation data may not be readily available, the thematic selection criteria used for HART's index are aligned with initiatives supported by the American Heart Association®, indicating a potential correlation with companies involved in cardiovascular disease diagnosis, treatment, healthy food, wellness products, and health-related information services. Investors seeking a more detailed understanding of HART's correlations and overlaps with various sectors and assets can utilize ETF Insider's web app. This tool offers comprehensive data visualization and insights into correlations for a wide range of U.S. ETFs, enabling investors to make informed decisions and gain valuable insights into market trends and diversification strategies.
The IQ Healthy Hearts ETF (HART) primarily focuses on sectors that contribute to global health-related goals, with a strong emphasis on cardiovascular health solutions. As of June 30, 2022, the fund's major sectors include consumer discretionary, consumer staples, and health care. HART aims to provide exposure to companies that play a significant role in diagnosing, treating cardiovascular diseases, promoting healthy lifestyles, manufacturing wellness products, and distributing healthy food. Additionally, it adheres to exclusionary screens, excluding companies with significant non-compliance with the United Nations' Global Compact principles and those engaged in certain businesses, such as tobacco, gambling, and more, thus aligning its portfolio with health-conscious and ethical investment objectives.
The exposure characteristic of the IQ Healthy Hearts ETF focuses on companies contributing to global health-related goals, particularly in the area of cardiovascular health. This ETF employs a passive management approach, tracking the performance of the Underlying Index developed by IndexIQ LLC with Candriam as an index consultant. The Underlying Index includes equity securities from sectors such as consumer discretionary, consumer staples, and health care. It encompasses large, mid, and small-cap companies in both U.S. and foreign markets, excluding select emerging markets. The thematic selection criteria used by the Underlying Index reflect initiatives and programs of the American Heart Association, Inc., emphasizing areas like cardiovascular disease diagnosis and treatment, healthy food production, wellness product manufacturing, health information access services, and fitness tracking solutions. The scoring system based on these criteria determines the inclusion of companies in the index, with security selection employing modified market capitalization-weighting. Additionally, an exclusionary screen is applied to ensure compliance with certain principles and to exclude companies in specific business sectors. The Underlying Index is rebalanced quarterly, and the ETF may also invest in affiliated ETFs that align with the Underlying Index's composition.Discovering the exposure characteristics of ETFs like the IQ Healthy Hearts ETF can be made more accessible and insightful through the ETF Insider web app. This tool provides a simple visualization of data for various U.S. ETFs, allowing investors to explore exposure, identify overlaps, correlations, and other critical insights to make informed investment decisions.
ETF Insider is a data-driven portfolio analytics and optimization platform that introduces a more efficient and practical way to visualize, analyze and optimize portfolios.
Rather than focusing on the surface-level attributes of ETFs and Mutual Funds, ETF Insider goes deeper by examining the underlying holdings of exchange traded products.
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This innovative perspective combined with modern data visualization and modeling tools, provides an entirely new approach to portfolio optimization that can quickly expose both portfolio inefficiencies and opportunities.
4 min readIn this article, we'll conduct an in-depth comparison between two prominent ETFs: ARKF (ARK Fintech Innovation ETF) and FINQ (Global X FinTech ETF).
7 min readThe SMDD ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
6 min readDiscover the top-performing ETFs offered by The Hartford, a renowned investment company. This article delves into the best ETF options provided by The Hartford, highlighting their performance, key features, and potential benefits for investors looking to diversify their portfolios and capitalize on market opportunities.
ETF Insider is a novel portfolio optimization tool that uses the power of data visualization to gain insight into portfolio compositions, concentration risks, portfolio efficiency and more. Complex financial data can be transformed into visually appealing and easily digestible graphs and charts, allowing investors to quickly identify trends and make well-informed investment decisions. Not only does this save time, but it also increases the accuracy and effectiveness of portfolio management.
