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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)
$1,804,847
AUM
$244,676,040
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Dividend
No
Prospectus

Top 10 Holdings

AAPL
Apple Inc
5.62%
MSFT
Microsoft Corporation
5.61%
AMZN
AMAZON.COM INC
4.54%
TSLA
Tesla Inc
3.81%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
3.58%
JPM
JPMorgan Chase & Co.
2.53%
PLD
Prologis Inc
2.17%
AMT
American Tower Corp.
2.05%
BAC
Bank Of America Corp.
1.65%
HD
Home Depot, Inc.
1.33%
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 SPXE, LCTU, IYY

CAPE
DoubleLine ETF Trust - DoubleLine Shiller CAPE U.S. Equities ETF
SPXE
ProShares Trust - ProShares S&P 500 Ex-Energy ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
IQSU
IndexIQ ETF Trust - IQ Candriam ESG U.S. Large Cap Equity ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
VEGN
ETF Series Solutions Trust - US Vegan Climate ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 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

#SIN

Safety in Sin Stocks

Category

Grow Your Portfolio

Risk Rating

Aggressive

Can contain

CAPEESGV
#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Can contain

CAPEUSMV

Create your own algorithmic trading strategy with CAPE using Composer

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.