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ETFs

Tidal ETF Trust SoFi Be Your Own Boss ETF

BYOB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 08 2019
Expense Ratio
0.59%
Type
Global Ex. US Equities
Fund Owner
Sofi
Volume (1m avg. daily)
$23,959
AUM
$7,005,150
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SHOP
Shopify Inc - Ordinary Shares - Class A
4.63%
SPOT
Spotify Technology S.A.
3.93%
PATH
UiPath Inc - Ordinary Shares - Class A
3.74%
MELI
MercadoLibre Inc
3.32%
RBLX
Roblox Corporation - Ordinary Shares - Class A
3.28%
STNE
StoneCo Ltd - Ordinary Shares - Class A
2.97%
COIN
Coinbase Global Inc - Ordinary Shares - Class A
2.87%
MNDY
Monday.Com Ltd
2.86%
SQ
Block Inc - Ordinary Shares - Class A
2.80%
SNOW
Snowflake Inc - Ordinary Shares - Class A
2.51%
Invest with BYOB

What is BYOB?

The SoFi Be Your Own Boss ETF seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective primarily by investing in a portfolio of companies related to the "gig economy" refers to the group of companies that have embraced, that support, or that otherwise benefit from a workforce where individual employees or independent contractors are empowered to create their own freelance business by leveraging recent developments in technology platforms that enable individuals to offer their services directly to retail and commercial customers.

ETFs related toBYOB

ETFs correlated to BYOB include ARKF, PNQI, ARKW

BYOB
Tidal ETF Trust - SoFi Be Your Own Boss ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
CLOU
Global X Funds - Global X Cloud Computing 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

BYOB is a Global Ex. US Equities ETF. The SoFi Be Your Own Boss ETF seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective primarily by investing in a portfolio of companies related to the "gig economy" refers to the group of companies that have embraced, that support, or that otherwise benefit from a workforce where individual employees or independent contractors are empowered to create their own freelance business by leveraging recent developments in technology platforms that enable individuals to offer their services directly to retail and commercial customers.

Yes, BYOB 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, BYOB 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 BYOB is 0.1152%. This is the percent change in the value of BYOB over the most recent 1-month period. The 3-month return on BYOB is 0.0018%. This is the percent change in the value of BYOB over the most recent 3-month period.

The standard deviation of BYOB for the past year is 0.462%. 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 BYOB include PBW, IGF, and ICLN.

ETFs correlated to BYOB include ARKF, PNQI, and ARKW.

ETFs that are inversely correlated to BYOB include SARK, WEBS, and HDGE.

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.