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ETFs

DoubleLine Shiller CAPE U.S. Equities ETF

CAPE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 31, 2022
Expense Ratio
0.65%
Type
US Equities
Fund Owner
DoubleLine Funds
Volume (1m avg. daily)
$800,316
AUM
$284,233,948
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

META
Meta Platforms Inc - Ordinary Shares - Class A
5.98%
PG
Procter & Gamble Co.
3.68%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
3.37%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
3.15%
GOOG
Alphabet Inc - Ordinary Shares - Class C
2.73%
PEP
PepsiCo Inc
2.52%
COST
Costco Wholesale Corp
2.41%
KO
Coca-Cola Co
2.39%
UNH
Unitedhealth Group Inc
2.33%
JPM
JPMorgan Chase & Co.
2.28%
Invest with CAPE

What is CAPE?

The Equities ETF seeks total return which exceeds the total return of the S&P 500 Index by employing a U.S. equity sector rotation strategy, under which the ETF will obtain exposure to the Shiller Barclays CAPE US Sector TR Index (the Index). The Index aims to identify undervalued sectors based on a modified CAPE ratio, and then uses a momentum factor to seek to mitigate the effects of potential value traps.

ETFs related toCAPE

ETFs correlated to CAPE include ITOT, IYY, LCTU

CAPE
DoubleLine ETF Trust - DoubleLine Shiller CAPE U.S. Equities ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market 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 toCAPE

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with CAPE using Composer

FAQ

CAPE is a US Equities ETF. The Equities ETF seeks total return which exceeds the total return of the S&P 500 Index by employing a U.S. equity sector rotation strategy, under which the ETF will obtain exposure to the Shiller Barclays CAPE US Sector TR Index (the Index). The Index aims to identify undervalued sectors based on a modified CAPE ratio, and then uses a momentum factor to seek to mitigate the effects of potential value traps.

Yes, CAPE 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, CAPE 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 CAPE is -0.0173%. This is the percent change in the value of CAPE over the most recent 1-month period. The 3-month return on CAPE is 0.0124%. This is the percent change in the value of CAPE over the most recent 3-month period.

The standard deviation of CAPE for the past year is 0.1949%. 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 CAPE include SPHQ, DSI, and QUAL.

ETFs correlated to CAPE include ITOT, IYY, and LCTU.

ETFs that are inversely correlated to CAPE include SPXU, SPXS, and SDS.

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.