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ETFs

AdvisorShares Dorsey Wright ADR ETF

AADR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 20 2010
Expense Ratio
1.00%
Type
Global Ex. US Equities
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$53,598
AUM
$27,987,300
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

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Invest with AADR

What is AADR?

The AdvisorShares Dorsey Wright ADR ETF (NYSE Arca: AADR) seeks long-term capital appreciation above international benchmarks such as the MSCI EAFE Index and the BNY Mellon Classic ADR Index. AADR is managed by Dorsey, Wright & Associates, LLC ( Portfolio Manager ). AADR s investment focus follows the Portfolio Manager s core philosophy of relative strength. Relative strength investing involves buying securities that have appreciated in price more than the other securities in the investment universe and holding those securities until they experience sufficient underperformance. The strategy is entirely based on market movement of the securities and there is no company fundamental data involved in the analysis. The Portfolio Manager s process is systematic and removes emotion from the day-to-day decision making. In implementing AADR s strategy, the Portfolio Manager takes into account current sector and industry group allocations in order to keep the strategy diversified. There is no consideration given to the allocation between developed and emerging markets; the strategy will allocate between the two depending on global price trends.

ETFs related toAADR

ETFs correlated to AADR include VYMI, DGT, DFIV

AADR
Advisorshares Trust - AdvisorShares Dorsey Wright ADR ETF
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield ETF
DGT
SPDR Series Trust - SPDR Global Dow ETF
DFIV
Dimensional ETF Trust - Dimensional International Value ETF
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
IMTM
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Momentum Factor ET
IXG
BlackRock Institutional Trust Company N.A. - iShares Global Financials ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
DFUV
Dimensional ETF Trust - Dimensional US Marketwide Value ETF
EFV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

AADR is a Global Ex. US Equities ETF. The AdvisorShares Dorsey Wright ADR ETF (NYSE Arca: AADR) seeks long-term capital appreciation above international benchmarks such as the MSCI EAFE Index and the BNY Mellon Classic ADR Index. AADR is managed by Dorsey, Wright & Associates, LLC ( Portfolio Manager ). AADR s investment focus follows the Portfolio Manager s core philosophy of relative strength. Relative strength investing involves buying securities that have appreciated in price more than the other securities in the investment universe and holding those securities until they experience sufficient underperformance. The strategy is entirely based on market movement of the securities and there is no company fundamental data involved in the analysis. The Portfolio Manager s process is systematic and removes emotion from the day-to-day decision making. In implementing AADR s strategy, the Portfolio Manager takes into account current sector and industry group allocations in order to keep the strategy diversified. There is no consideration given to the allocation between developed and emerging markets; the strategy will allocate between the two depending on global price trends.

Yes, AADR is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AADR is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AADR is -0.0599%. This is the percent change in the value of AADR over the most recent 1-month period. The 3-month return on AADR is -0.0586%. This is the percent change in the value of AADR over the most recent 3-month period.

The standard deviation of AADR for the past year is 0.2313%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AADR include ARKK, GUNR, and TAN.

ETFs correlated to AADR include VYMI, DGT, and DFIV.

ETFs that are inversely correlated to AADR include EFZ, EPV, and SKF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.