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ASYMshares ASYMmetric S&P 500 ETF

ASPY
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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)
$79,106
AUM
$27,782,475
Associated Index
ASYMmetric 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

D
Dominion Energy Inc
2.86%
O
Realty Income Corp.
2.80%
NEM
Newmont Corp
2.54%
CPB
Campbell Soup Co.
2.25%
SJM
J.M. Smucker Co.
2.23%
GIS
General Mills, Inc.
2.21%
HAS
Hasbro, Inc.
2.18%
ORLY
O`Reilly Automotive, Inc.
2.18%
BMY
Bristol-Myers Squibb Co.
2.16%
DVA
DaVita Inc
2.15%
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 DFLV, EQTY, DECW

ASPY
ASYMmetric ETFs Trust - ASYMsharesASYMmetric S&P 500 ETF
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
EQTY
Valued Advisers Trust - Kovitz Core Equity ETF
DECW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Dec ETF
PJFG
PGIM ETF Trust - PGIM Jennison Focused Growth ETF
UDEC
Innovator ETFs Trust - Innovator U.S. Equity Ultra Buffer ETF - December
DNOV
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - November
UJAN
Innovator ETFs Trust - Innovator U.S. Equity Ultra Buffer ETF - January
MOHR
Collaborative Investment Series Trust - Mohr Growth ETF
JEPI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Equity Premium Income ETF
CFO
Victory Portfolios II - VictoryShares US 500 Enhanced Volatility Wtd 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.

The top holdings for ASPY include Dominion Energy Inc, Realty Income Corp., and Newmont Corp.

ASPY has 49 total holdings.

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 -0.0112%. This is the percent change in the value of ASPY over the most recent 1-month period. The 3-month return on ASPY is -0.0114%. 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 0.087%. 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 PKW, DIVO, and XYLD.

ETFs correlated to ASPY include DFLV, EQTY, and DECW.

ETFs that are inversely correlated to ASPY include UVXY, VIXY, 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.