Mutual Fund / ETF Replicator

Instructions

The Mutual Fund/ETF Replicator finds a single or compound ETF whose performance parallels that of a user-specified Mutual Fund or ETF, but whose fees are generally lower. Once you enter the contract or symbol and the investment amount, the replicator scans the market and returns the top single and compound ETFs in the recommended quantity (based on the investment amount) whose performance most closely follows that of your submitted asset. The Performance Analysis and Return Comparison panels display performance correlation characteristics including the correlation, tracking error and a comparison of management fees.

Open the Mutual Fund / ETF Replicator

  1. From Mosaic - Select the New Window button in the top left corner and search for Mutual Fund/ETF Replicator.

    Alternatively, you may select New Window > Select More Advanced Tools > Select Mutual Fund/ETF Replicator.

    From Classic TWS - Select the Analytical Tools button at the top of the page > Select Mutual Fund/ETF Replicator under the Technical section.

  2. Enter the fund or ETF symbol, or click Browse Mutual Funds to search by fund family.

  3. Modify the investment amount, if desired.

  4. View comparison between returned ETF(s) and the original entered contract.

This comparison is intended for information purposes only, and does not constitute a recommendation or solicitation to buy or sell securities. There is no guarantee that any correlation displayed within this tool will continue into the future, or that the displayed ETFs will have a similar investment return into the future as the entered fund or ETF. Clients are solely responsible for their own trading decisions.

The mutual fund/ETF replicator window in TWS.

1 - Enter a fund or ETF symbol and use the magnifying glass to search. Or, browse for funds by family.

2 - Check to search for comparable ETFs with greater liquidity as well as lower management fees.

3 - Change the investment amount if desired. Results are approximated using this value.

4 - Shows the ETF / Compound ETF whose performance most closely parallels that of the entered mutual fund or ETF and that also has the lowest management fees (as long as the check box is checked off)

5 - In this example, the fees for the highest correlated single and compound ETFs are 1.18% and 0.966% respectively.

6 - Compares returns (after expenses) over a one-year period for the selected mutual fund versus comparable ETFs. Hold your mouse over a "D" to see dividends.

 

Additional Resources

Learn About Mutual Funds in Trader Workstation at IBKR Campus

Visit the Trader Workstation Website