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ETFs

AdvisorShares Hotel ETF

BEDZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 20 2021
Expense Ratio
0.99%
Type
US Equities
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$5,838
AUM
$3,923,700
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

HGV
Hilton Grand Vacations Inc
5.68%
BVH
Bluegreen Vacations Holding Corporation - Ordinary Shares - Class A
5.62%
BKNG
Booking Holdings Inc
5.54%
MAR
Marriott International, Inc. - Ordinary Shares - Class A
5.53%
BYD
Boyd Gaming Corp.
5.31%
PK
Park Hotels & Resorts Inc
5.22%
IHG
Intercontinental Hotels Group - ADR
5.13%
PLYA
Playa Hotels & Resorts N.V.
4.98%
SVC
Service Properties Trust
4.82%
GHG
GreenTree Hospitality Group Ltd - ADR
4.80%
Invest with BEDZ

What is BEDZ?

The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the hotel business. The Fund defines companies in the hotel business as those in the Hotels, Resorts & Cruise Lines Sub-Industry, which consists of owners and operators of hotels (generally excluding casino-hotels), resorts, and cruise-ships and includes travel agencies, tour operators and related services not classified elsewhere. The Fund may also invest in companies involved in other lodging and travel-related services. The Fund invests primarily in U.S. exchange listed equity securities, including common and preferred stock and American Depositary Receipts ( ADRs ). ADRs are securities traded on a local stock exchange that represent interests in securities issued by a foreign publicly listed company. The investment strategy typically identifies a wide variety of large- and mid-capitalization stocks. The Fund also may invest in small- and micro-cap stocks. The Fund will concentrate at least 25% of its investments in the Hotels, Restaurants & Leisure Industry within the Consumer Discretionary Sector. The Fund is non-diversified and may invest a greater percentage of its assets in a particular issuer than a diversified fund.

ETFs related toBEDZ

ETFs correlated to BEDZ include PEJ, BBMC, RCD

BEDZ
Advisorshares Trust - AdvisorShares Hotel ETF
PEJ
Invesco Capital Management LLC - Invesco Dynamic Leisure and Entertainment ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
RCD
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Discretionary ETF
FXD
First Trust Exchange-Traded Fund III - First Trust Consumer Discretionary AlphaDEX Fund
BKSE
BNY Mellon ETF Trust - BNY Mellon US Small Cap Core Equity ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF
RWK
Invesco Exchange-Traded Fund Trust II - Invesco S&P MidCap 400 Revenue ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
EZM
WisdomTree Trust - WisdomTree U.S. MidCap Fund
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap 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 toBEDZ

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BEDZ using Composer

FAQ

BEDZ is a US Equities ETF. The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the hotel business. The Fund defines companies in the hotel business as those in the Hotels, Resorts & Cruise Lines Sub-Industry, which consists of owners and operators of hotels (generally excluding casino-hotels), resorts, and cruise-ships and includes travel agencies, tour operators and related services not classified elsewhere. The Fund may also invest in companies involved in other lodging and travel-related services. The Fund invests primarily in U.S. exchange listed equity securities, including common and preferred stock and American Depositary Receipts ( ADRs ). ADRs are securities traded on a local stock exchange that represent interests in securities issued by a foreign publicly listed company. The investment strategy typically identifies a wide variety of large- and mid-capitalization stocks. The Fund also may invest in small- and micro-cap stocks. The Fund will concentrate at least 25% of its investments in the Hotels, Restaurants & Leisure Industry within the Consumer Discretionary Sector. The Fund is non-diversified and may invest a greater percentage of its assets in a particular issuer than a diversified fund.

Yes, BEDZ is actively 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.

No, BEDZ is not passively managed. It is actively 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 BEDZ is -0.0421%. This is the percent change in the value of BEDZ over the most recent 1-month period. The 3-month return on BEDZ is -0.0705%. This is the percent change in the value of BEDZ over the most recent 3-month period.

The standard deviation of BEDZ for the past year is 0.2657%. 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 BEDZ include XLI, XLU, and XLK.

ETFs correlated to BEDZ include PEJ, BBMC, and RCD.

ETFs that are inversely correlated to BEDZ include HIBS, TWM, and SRTY.

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.