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Changebridge Capital Long/Short Equity ETF

CBLS
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Today’s Change
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Snapshot
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Inception Date
Nov 13 2020
Expense Ratio
1.70%
Type
US Equities
Fund Owner
Changebridge Capital
Volume (1m avg. daily)
$18,663
AUM
$5,324,568
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Dividend
No
Prospectus

Top 10 Holdings

n/a
Cash & Other
36.36%
EL
Estee Lauder Cos., Inc. - Ordinary Shares - Class A
3.85%
BABA
Alibaba Group Holding Ltd - ADR
3.84%
SP
SP Plus Corp
3.50%
STNE
StoneCo Ltd - Ordinary Shares - Class A
3.38%
TMDX
Transmedics Group Inc
3.35%
MELI
MercadoLibre Inc
3.35%
ARCO
Arcos Dorados Holdings Inc - Ordinary Shares - Class A
3.20%
INDI
Indie Semiconductor Inc - Ordinary Shares - Class A
3.19%
FTI
TechnipFMC plc
3.18%
Invest with CBLS

What is CBLS?

The Fund is a U.S. focused, liquid alternative ETF that takes both a quantitative and fundamental approach to security selection, identifying both long and short investments that are expected to outperform and underperform, respectively. The Fund s strategy is centered around the belief that within the broad market, ample opportunities for mispricing exist, especially among smaller cap companies. The Fund targets long positions trading at a discount to current and future cash flows, that generate returns on invested capital in excess of their cost of capital. We look for short positions that erode shareholder value over time.

ETFs related toCBLS

ETFs correlated to CBLS include PCRB, CBSE, DWAS

CBLS
Listed Funds Trust - Changebridge Capital Long/Short Equity ETF
PCRB
Putnam ETF Trust - Putnam ESG Core Bond ETF
CBSE
Listed Funds Trust - Changebridge Capital Sustainable Equity ETF
DWAS
Invesco Capital Management LLC - Invesco DWA SmallCap Momentum ETF
FNY
First Trust Exchange-Traded Fund III - First Trust Mid Cap Growth AlphaDEX Fund
AVSC
American Century ETF Trust - Avantis U.S Small Cap Equity ETF
XSMO
Invesco Capital Management LLC - Invesco S&P SmallCap Momentum ETF
IWC
BlackRock Institutional Trust Company N.A. - iShares Micro-Cap ETF
FYC
First Trust Exchange-Traded Fund III - First Trust Small Cap Growth AlphaDEX Fund
RFG
Invesco Capital Management LLC - Invesco S&P MidCap 400 Pure Growth ETF
AFSM
First Trust Exchange-Traded Fund VIII - First Trust Active Factor 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.

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.