Portfolio Replication

Hierarchical clustering of default ETFs used in portfolio replication

ETFscale portfolio replication tool uses IVW,IVE,IJK,IJJ,IJS,IJT,AGG as the default factors/proxies to replicate a portfolio. These correspond to the following asset clases:
U.S. Large Cap Value - IVE
U.S. Large Cap Growth - IVW
U.S. Mid Cap Value - IJJ
U.S. Mid Cap Growth - IJK
U.S. Small Cap Value - IJS
U.S. Small Cap growth - IJT
U.S. Core Aggregate Bond -AGG