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Newday Ocean Health ETF

AHOY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 06 2022
Expense Ratio
0.75%
Type
US Equities
Fund Owner
NEWDAY
Volume (1m avg. daily)
$2,543
AUM
$1,469,430
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Dividend
No
Prospectus

Top 10 Holdings

AAPL
Apple Inc
4.93%
GOOG
Alphabet Inc - Ordinary Shares - Class C
3.57%
MSFT
Microsoft Corporation
3.39%
TTEK
Tetra Tech, Inc.
3.32%
RJF
Raymond James Financial, Inc.
3.23%
HPQ
HP Inc
3.06%
QGEN
Qiagen NV
2.71%
BALL
Ball Corp.
2.65%
7004
Hitachi Zosen Corporation
2.57%
TMO
Thermo Fisher Scientific Inc.
2.55%
Invest with AHOY

What is AHOY?

AHOY invests in industry-leading companies that contribute positively to Ocean Health. The Fund categorizes Ocean Health companies as those concerned with and attentive to CO2 emissions, end of lifecycle product waste, and discharge into bodies of water, as well as companies committed to environmental protectionism. AHOY is actively traded and seeks long-term capital appreciation through investments primarily in the U.S.

ETFs related toAHOY

ETFs correlated to AHOY include RVRB, MODL, USNZ

AHOY
Tidal ETF Trust - Newday Ocean Health ETF
RVRB
Advisors Series Trust - Reverb ETF
MODL
Victory Portfolios II - VictoryShares WestEnd U.S. Sector ETF
USNZ
DBX ETF Trust - Xtrackers Net Zero Pathway Paris Aligned US Equity ETF
STRV
EA Series Trust - Strive 500 ETF
HAPI
Harbor ETF Trust - Harbor Corporate Culture ETF
HDUS
Lattice Strategies Trust - Hartford Disciplined US Equity ETF
LCF
Touchstone ETF Trust - Touchstone US Large Cap Focused ETF
XUSP
Innovator ETFs Trust - Innovator Uncapped Accelerated U.S. Equity ETF
EMZA
Emerge ETF Trust - Emerge EMPWR Sustainable Global Core Equity ETF
BSTP
Innovator ETFs Trust - Innovator Buffer Step-Up Strategy 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.

Automated Strategies
Related toAHOY

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Can contain

AHOYUSMV
#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Can contain

AHOYUSMV

Create your own algorithmic trading strategy with AHOY using Composer

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.