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ETFs

Absolute Select Value ETF

ABEQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 22 2020
Expense Ratio
0.85%
Type
US Equities
Fund Owner
Absolute Investment Advisers
Volume (1m avg. daily)
$253,746
AUM
$93,297,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
10.56%
AEM
Agnico Eagle Mines Ltd
7.21%
L
Loews Corp.
6.07%
DD
DuPont de Nemours Inc
5.41%
UL
Unilever plc - ADR
5.05%
ENB
Enbridge Inc
4.92%
MRK
Merck & Co Inc
4.68%
CMCSA
Comcast Corp - Ordinary Shares - Class A
4.61%
MDT
Medtronic Plc
3.69%
CSCO
Cisco Systems, Inc.
3.66%
Invest with ABEQ

What is ABEQ?

The Absolute Select Value ETF employs an absolute return mindset to long only value investing, emphasizing proven business models priced at a substantial discount to our conservative estimate of fair value. The Fund's investment methodology stresses absolute returns, blending a combination of fundamental analysis, discipline and patience with the goal of preserving and compounding capital.

ETFs related toABEQ

ETFs correlated to ABEQ include VTV, IWX, MGV

ABEQ
Unified Series Trust - Absolute Select Value ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
IWX
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Value ETF
MGV
Vanguard Group, Inc. - Vanguard Mega Cap Value ETF
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
NULV
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Value ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index ETF
DLN
WisdomTree Trust - WisdomTree U.S. LargeCap Dividend Fund

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.

Automated Strategies
Related toABEQ

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with ABEQ using Composer

FAQ

ABEQ is a US Equities ETF. The Absolute Select Value ETF employs an absolute return mindset to long only value investing, emphasizing proven business models priced at a substantial discount to our conservative estimate of fair value. The Fund's investment methodology stresses absolute returns, blending a combination of fundamental analysis, discipline and patience with the goal of preserving and compounding capital.

Yes, ABEQ 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, ABEQ 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 ABEQ is 0.0036%. This is the percent change in the value of ABEQ over the most recent 1-month period. The 3-month return on ABEQ is 0.0043%. This is the percent change in the value of ABEQ over the most recent 3-month period.

The standard deviation of ABEQ for the past year is 0.1157%. 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 ABEQ include IWO, VUG, and IVW.

ETFs correlated to ABEQ include VTV, IWX, and MGV.

ETFs that are inversely correlated to ABEQ include DOG, SDOW, and DXD.

Disclaimers

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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.