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ETFs

AWYX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 15 2021
Expense Ratio
0.95%
Type
Global Equities
Fund Owner
ETF Managers Group
Volume (1m avg. daily)
$466
AUM
$256,300
Associated Index
Prime Travel Technology Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.00%
Invest with AWYX

What is AWYX?

AWYX seeks daily investment results, before fees and expenses, of 200% of the performance of the Prime Travel Technology Index NTR, designed to give exposure to technology companies that are working to usher in a new era of global travel and tourism. This leveraged ETF seeks a return that is 200% the return of its benchmark index for a single day. The Fund should not be expected to provide 2x the return of the benchmark s cumulative return for periods greater than a day. There is no guarantee the Fund will meet its stated investment objective.

ETFs related toAWYX

ETFs correlated to AWYX include CAOS, MCSE, DFSI

AWYX
ETF Managers Trust - ETFMG 2X Daily Travel Tech ETF 2x Shares
CAOS
EA Series Trust - Alpha Architect Tail Risk ETF
MCSE
Franklin Templeton ETF Trust - Martin Currie Sustainable International Equity ETF
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
JGRO
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Growth ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat ETF
CGXU
Capital Group Companies Inc - Capital Group International Focus Equity ETF
PEJ
Invesco Capital Management LLC - Invesco Dynamic Leisure and Entertainment 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 toAWYX

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with AWYX using Composer

FAQ

AWYX is a Global Equities ETF. AWYX seeks daily investment results, before fees and expenses, of 200% of the performance of the Prime Travel Technology Index NTR, designed to give exposure to technology companies that are working to usher in a new era of global travel and tourism. This leveraged ETF seeks a return that is 200% the return of its benchmark index for a single day. The Fund should not be expected to provide 2x the return of the benchmark s cumulative return for periods greater than a day. There is no guarantee the Fund will meet its stated investment objective.

AWYX tracks the Prime Travel Technology Index.

No, AWYX 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, AWYX 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 AWYX is 0.0197%. This is the percent change in the value of AWYX over the most recent 1-month period. The 3-month return on AWYX is -0.154%. This is the percent change in the value of AWYX over the most recent 3-month period.

The standard deviation of AWYX for the past year is 0.6684%. 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 AWYX include AWAY, SH, and PSQ.

ETFs correlated to AWYX include CAOS, MCSE, and DFSI.

ETFs that are inversely correlated to AWYX include HIBS, EDZ, and BTAL.

Yes, AWYX is a Leveraged (2x) ETF: This means that AWYX will try to match the performance of Prime Travel Technology Index, but with 2x the returns.

Yes, AWYX is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Prime Travel Technology Index, but move 2x in the opposite direction.

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.