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Qraft AI-Enhanced US Large Cap Momentum ETF

AMOM
$--
Today’s Change
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Snapshot
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Inception Date
May 21 2019
Expense Ratio
0.75%
Type
US Equities
Fund Owner
Qraft Technologies
Volume (1m avg. daily)
$40,351
AUM
$11,921,278
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Dividend
No
Prospectus

Top 10 Holdings

WMT
Walmart Inc
7.42%
CVX
Chevron Corp.
6.91%
LLY
Lilly(Eli) & Co
6.59%
LSCC
Lattice Semiconductor Corp.
4.51%
BKNG
Booking Holdings Inc
3.80%
COP
Conoco Phillips
3.32%
CDNS
Cadence Design Systems, Inc.
3.30%
LULU
Lululemon Athletica inc.
3.03%
BLDR
Builders Firstsource Inc
2.99%
WING
Wingstop Inc
2.97%
Invest with AMOM

What is AMOM?

The QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (the Fund ) seeks capital appreciation. In pursuing the Fund s investment objective, the Adviser consults a database generated by Qraft s AI Quantitative Investment System ( AQUA ), which automatically selects and weights portfolios of U.S. large cap companies to provide exposure to a portfolio of 50 companies that have had higher residual returns relative to their similar-sized peers (based on market capitalization) over a rolling 3 to 36 month period. A stock s residual return equals its total return after removal of market, size and value risks factored into portfolio construction under conventional portfolio management. Use of residual momentum rather than conventional momentum to construct a portfolio is based on the stock management theory that stocks with higher residual returns have the potential to perform better and more consistently over time than conventional momentum stocks.

ETFs related toAMOM

ETFs correlated to AMOM include GDEF, SEIM, DFLV

AMOM
Exchange Listed Funds Trust - QRAFT AI Enhanced U.S. Large Cap Momentum ETF
GDEF
Goldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
SEIM
SEI Exchange Traded Funds - SEI Enhanced U.S. Large Cap Momentum Factor ETF
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
PDP
Invesco Capital Management LLC - Invesco DWA Momentum ETF
VFMO
Vanguard Group, Inc. - Vanguard U.S. Momentum Factor ETF
PJFV
PGIM ETF Trust - PGIM Jennison Focused Value ETF
GVLU
Tidal ETF Trust - Gotham 1000 Value ETF
FTC
First Trust Exchange-Traded Fund III - First Trust Large Capital Growth AlphaDEX Fund
AMID
EA Series Trust - Argent Mid Cap ETF
AVIE
American Century ETF Trust - Avantis Inflation Focused Equity 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 toAMOM

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Can contain

AMOMUSMV
#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Can contain

AMOMUSMV

Create your own algorithmic trading strategy with AMOM 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.