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ETFs

Pacer Lunt Large Cap Alternator ETF

ALTL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 24 2020
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Pacer Financial
Volume (1m avg. daily)
$2,914,138
AUM
$565,316,400
Associated Index
Lunt Capital US Large Cap Equity Rotation Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with ALTL

What is ALTL?

The Pacer Lunt Large Cap Alternator ETF (the Fund ) is an exchange traded fund ( ETF ) that seeks to track the total return performance, before fees and expenses, of the Lunt Capital U.S. Large Cap Equity Rotation Index (the Index ). The Index uses an objective, rules-based methodology to provide exposure to large-capitalization U.S. companies. The Index uses Lunt Capital s proprietary relative strength methodology to rotate between the holdings of one of two sub-indices, the S&P 500 Low Volatility Index and the S&P 500 High Beta Index (each, a Sub-Index, and together, the Sub-Indices ), that seek to identify the 100 components of the S&P500 Index that most strongly exhibit a particular trait (e.g., low volatility or high beta). Each Sub-Index is composed of the 100 securities comprising the S&P 500 Index that most strongly exhibit the characteristic screened for by the Sub-Index.

ETFs related toALTL

ETFs correlated to ALTL include LGRO, XAUG, GAUG

ALTL
Pacer Funds Trust - Pacer Lunt Large Cap Alternator ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
SPYV
SPDR Series Trust - SPDR Portfolio S&P 500 Value ETF
IUSV
BlackRock Institutional Trust Company N.A. - iShares Core S&P U.S.Value ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
VOOV
Vanguard Group, Inc. - Vanguard S&P 500 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

ALTL is a US Equities ETF. The Pacer Lunt Large Cap Alternator ETF (the Fund ) is an exchange traded fund ( ETF ) that seeks to track the total return performance, before fees and expenses, of the Lunt Capital U.S. Large Cap Equity Rotation Index (the Index ). The Index uses an objective, rules-based methodology to provide exposure to large-capitalization U.S. companies. The Index uses Lunt Capital s proprietary relative strength methodology to rotate between the holdings of one of two sub-indices, the S&P 500 Low Volatility Index and the S&P 500 High Beta Index (each, a Sub-Index, and together, the Sub-Indices ), that seek to identify the 100 components of the S&P500 Index that most strongly exhibit a particular trait (e.g., low volatility or high beta). Each Sub-Index is composed of the 100 securities comprising the S&P 500 Index that most strongly exhibit the characteristic screened for by the Sub-Index.

ALTL tracks the Lunt Capital US Large Cap Equity Rotation Index.

No, ALTL is not actively managed. It is passively 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.

Yes, ALTL is passively 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 ALTL is -0.035%. This is the percent change in the value of ALTL over the most recent 1-month period. The 3-month return on ALTL is -0.0398%. This is the percent change in the value of ALTL over the most recent 3-month period.

The standard deviation of ALTL for the past year is 0.2123%. 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 ALTL include PKW, VIXY, and XYLD.

ETFs correlated to ALTL include LGRO, XAUG, and GAUG.

ETFs that are inversely correlated to ALTL include HIBS, SPDN, and SDS.

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.