Skip to Content
ETFs

Main BuyWrite ETF

BUYW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 29 2015
Expense Ratio
1.31%
Type
Global Equities
Fund Owner
Main Management
Volume (1m avg. daily)
$896,683
AUM
$295,662,523
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
38.60%
n/a
Derivatives offset
13.69%
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
11.36%
SMH
VanEck ETF Trust - VanEck Semiconductor ETF
10.83%
XLI
SSgA Active Trust - Industrial Select Sector SPDR
10.63%
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
10.30%
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
8.64%
XBI
SPDR Series Trust - SPDR Biotech ETF
5.97%
TFLO
BlackRock Institutional Trust Company N.A. - iShares Treasury Floating Rate Bond ETF
3.18%
n/a
BBH SWEEP VEHICLE
0.47%
Invest with BUYW

What is BUYW?

The Fund pursues its objective by employing an option strategy of writing (selling) covered call or index based options on an amount from 0% to 100% of the value of the ETF shares in the Fund's portfolio. The Fund seeks to earn income and gains both from dividends paid on the ETFs owned by the Fund and cash premiums received from writing or "selling".

ETFs related toBUYW

ETFs correlated to BUYW include XDEC, PJAN, DECZ

BUYW
Northern Lights Fund Trust IV - Main BuyWrite ETF
XDEC
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
XBJL
Innovator ETFs Trust - Innovator U.S. Equity Accelerated 9 Buffer ETF - July
FTHI
First Trust Exchange-Traded Fund VI - First Trust BuyWrite Income ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
XJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - June
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
QYLD
Global X Funds - Global X NASDAQ 100 Covered Call ETF
SECT
Northern Lights Fund Trust IV - Main Sector Rotation 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

BUYW is a Global Equities ETF. The Fund pursues its objective by employing an option strategy of writing (selling) covered call or index based options on an amount from 0% to 100% of the value of the ETF shares in the Fund's portfolio. The Fund seeks to earn income and gains both from dividends paid on the ETFs owned by the Fund and cash premiums received from writing or "selling".

Yes, BUYW 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, BUYW 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 BUYW is -0.0004%. This is the percent change in the value of BUYW over the most recent 1-month period. The 3-month return on BUYW is 0.0076%. This is the percent change in the value of BUYW over the most recent 3-month period.

The standard deviation of BUYW for the past year is 0.0984%. 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 BUYW include IVAL, RODM, and RYJ.

ETFs correlated to BUYW include XDEC, PJAN, and DECZ.

ETFs that are inversely correlated to BUYW include SH, SPDN, and SPXS.

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.