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Hi all,
Today we are going to explore the Precious Metals ETF universe! The components of this universe are viewable on GitHub, and we’ll be posting links to fundamental research in the comments below.
Most of the ETFs derive their value from physical gold, silver, and platinum, except for two which track precious metal mining companies. The universe contains both long and short products, so short exposure can be achieved through DUST and JDST.
One thing that makes metals so uncorrelated with the US equities markets is their global footprint. Mining activities are distributed all around the world, as are consumers and governments that want to store precious metals. Since there are relatively few underlying assets being tracked throughout this universe, we are able to go through fundamental pricing factors commodity-by-commodity. Remember, these articles are only scratching the surface. Read through them for inspiration, test out the ideas in the research environment, and combine them as you see fit!
Alex Otsu
Gold: GLD, IAU, NUGT, UGLD, DUST (short):
Alex Otsu
Silver: SLV, AGQ, USLV:
Alex Otsu
Miners: GDX, GDXJ, NUGT, JNUG, DUST, JDST
Platinum: PPLT
Menzi
How do you call on these ETFs if you want to manually create the universe? Let's say I want to manually have platinum and palladium ETFs in my universe (just two ETFs). How do I manually call on them?
Derek Melchin
Hi Menzi,
To create a static universe module, we can use the ManualUniverseSelectionModel.
To then call on the symbols in our universe, we can either keep track of the symbols we pass to the universe constructor or gather the symbols passed to the OnSecuritiesChanged method. See the attached backtest for a simple example of the former.
Best,
Derek Melchin
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Menzi
Okay thanks. So these are called on in the same way as equities in the US market...?
Menzi
Thank you, it works thanks!
Alex Otsu
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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