Exchange-Traded Funds

Re: Similar ETFs

murph4421 — Mon, 01 Jun 2009 01:27:03 GMT

did you ever get a reply

Re: Similar ETFs

manji — Tue, 26 May 2009 21:34:41 GMT

FWIW, Also see www.etfguide.com .......for quickly finding similar ETF's. For example search etf "AOA" on home page on Right top side under etf search. On next detailed screen for "AOA" ,at bottom ,it shows 20 ETF that are similar . Click "20" to get all listings of similar ETF for "AOA" "AOA" http://etfguide.com/advance_search_view.php?etfTickerSearch=aoa 20 similar etf's to "AOA" http://etfguide.com/advance_search.php?catview=1&sselection=Quantitative&sweighting=Fundamental Manji.

Re: Similar ETFs

kp5555 — Tue, 19 May 2009 19:26:10 GMT

if you are an advisor, try the Correlation Calculator tool on iShares.com

Re: Similar ETFs

buycougs — Wed, 13 May 2009 02:40:16 GMT

If maruyama is referring to the fund screener at bloomberg... I protest...

1) You'll only find funds that are "classsified" the same.

2) Classification isn't the same as "similar"

3) You could accomplish the same thing on a number of screener including the new Beta screener here at M*... But they lack the functionality of bloomberg's ability to switch quickly from CEF, to ETF, to OEF.

4) If you have a specific mutual fund in mind, you'd still be better off finding out that funds benchmark index and then finding ETFs that track that index.

JMHO as always.

Re: Similar ETFs

gillie12 — Tue, 12 May 2009 07:08:29 GMT

Super_Snark

Thanks for the advice but I will take an actively managed portfolio of actively managed mutual funds any day over a bunch of generally artificial index funds put together by a bunch of MBA's who wouldn't know a stock certificate if they were smoking it! Index funds do have a place in certain instances but generally I want a person managing my money!

gillie12

Re: Similar ETFs

gillie12 — Tue, 12 May 2009 07:02:14 GMT

Thanks, that is exactly what I was looking for.

gillie12

Re: Similar ETFs

Super_Snark — Mon, 11 May 2009 23:23:52 GMT

gillie12:

I'm told that there is a way to find specific ETFs that are similar to specific funds. What is the method?

gillie12

Who told you that? You want to find an ETF that is similar to an index fund? Then there will be an ETF, maybe more than one that will mirror that same index. But, you want an ETF that is similar to an actively managed fund? That's a fool's errand.

If you find an actively managed fund that diverges from its benchmark, then you will disappointed if try to find an index-based ETF that will perform similar to it. If you find an actively managed mutual fund that looks similar to an index, its an index hugger. Why would consider it in the first place? And for the record, I think investing in mutual funds is a loser's game.

ETFs were designed for tracking a specific sector of the market, with low expenses. You'll best off to ditch mutual funds altogether and appreciate ETFs for what they are, not what they resemble.

Re: Similar ETFs

maruyamakiyoshi — Mon, 11 May 2009 14:45:32 GMT

Gillie12, One way is to visit Bloomberg.com fund section. Enter your ETF name then it would list "similer" ETFs and mutual funds. FWIW. KM

Re: Similar ETFs

gillie12 — Mon, 11 May 2009 04:54:11 GMT

buycougs

Thanks for the info. I remember reading in a M* piece that you insert a fund and get the comparable ETF. I wrote Scott at M* ETF and hope I hear back and will relay the info. I'm not sure if you do this on the fund side or the ETF side. Stay tuned and thanks again.

gillie12

Re: Similar ETFs

buycougs — Sun, 10 May 2009 20:15:00 GMT

gillie

There are many ways to skin a cat... My approach is to look at the benchmark index for the fund, then look for ETFs that track that fund. As example, I use FFRHX only due to having read that ticker on the discussion forum today.

FFRHX's benchmark is the Barclay's Capital Aggregate Bond Index. Using the ticker lookup functionality at finance.yahoo.com it was easy to find LAG, a SPDR ETF that tracks the index. I then went to www.spdr.com and used the correlation tracker to identify funds positively and negatively correlated with LAG. I found (as I expected given the index) AGG and BND. The negatively correlated were primarily short funds.

Now, these are not perfect substitutes for FFRHX. FFRHX took a major blow during the panic. The bond index etfs took an initial blow, then rallied back hard. The result, if you look at YTD performance FFHRX is blowing the etf's away. If you look at capital preservation, the etf's blow away FFRHX.

Then too, you do not get exposure to the exact same asset class using these etfs as replacement for FFHRX. But, there aren't any ETFs that I can find that participate in Floating Rate Loans. CEFs but not ETFs.

This is one approach. You might find others that work.

If there is a more direct approach, I do not of it...

Similar ETFs

gillie12 — Sun, 10 May 2009 08:35:08 GMT

I'm told that there is a way to find specific ETFs that are similar to specific funds. What is the method?

gillie12