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ETFs

ASYMmetric Smart S&P 500 ETF

ASPY
$--
Today’s Change
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Snapshot
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Inception Date
Mar 10 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ASYMshares
Volume (1m avg. daily)
$57,883
AUM
$24,153,120
Associated Index
ASYMmetric 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ED
Consolidated Edison, Inc.
2.80%
O
Realty Income Corp.
2.46%
VLO
Valero Energy Corp.
2.35%
NEM
Newmont Corp
2.27%
NTAP
Netapp Inc
2.26%
HPE
Hewlett Packard Enterprise Co
2.22%
ATVI
Activision Blizzard Inc
2.20%
HII
Huntington Ingalls Industries Inc
2.19%
CSCO
Cisco Systems, Inc.
2.18%
DVA
DaVita Inc
2.18%
Invest with ASPY

What is ASPY?

The Fund employs a passive management or indexing investment approach designed to track the total return performance, before fees and expenses, of the Index. The Index is a rules-based, quantitative long/short hedging strategy that seeks to provide protection against bear market losses and to capture the majority of bull market gains with respect to exposure to the 500 largest capitalized equity securities publicly traded in the United States.

ETFs related toASPY

ETFs correlated to ASPY include MAYT, DYTA, DFLV

ASPY
ASYMmetric ETFs Trust - ASYMmetric Smart S&P 500 ETF
MAYT
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer10 May ETF
DYTA
Rbb Fund Inc - SGI Dynamic Tactical ETF
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
MAYW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 May ETF
GAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - April
XMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March
BSVO
EA Series Trust - EA Bridgeway Omni Small-Cap 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

ASPY is a US Equities ETF. The Fund employs a passive management or indexing investment approach designed to track the total return performance, before fees and expenses, of the Index. The Index is a rules-based, quantitative long/short hedging strategy that seeks to provide protection against bear market losses and to capture the majority of bull market gains with respect to exposure to the 500 largest capitalized equity securities publicly traded in the United States.

ASPY tracks the ASYMmetric 500 Index.

No, ASPY 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, ASPY 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 ASPY is -0.045%. This is the percent change in the value of ASPY over the most recent 1-month period. The 3-month return on ASPY is -0.0215%. This is the percent change in the value of ASPY over the most recent 3-month period.

The standard deviation of ASPY for the past year is 0.0778%. 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 ASPY include QYLD, DIVO, and HDGE.

ETFs correlated to ASPY include MAYT, DYTA, and DFLV.

ETFs that are inversely correlated to ASPY include XBIL, VXX, and UVIX.

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.