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ETFs

ProShares Long Online/Short Stores ETF

CLIX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 14 2017
Expense Ratio
0.65%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$230,058
AUM
$22,629,351
Associated Index
ProShares Long Online/Short Stores Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
39.69%
AMZN
Amazon.com Inc.
21.35%
BABA
Alibaba Group Holding Ltd - ADR
10.88%
n/a
Net Other Assets (Liabilities)
8.56%
EBAY
EBay Inc.
5.90%
PDD
PDD Holdings Inc - ADR
4.55%
SE
Sea Ltd - ADR
4.04%
DASH
DoorDash Inc - Ordinary Shares - Class A
3.82%
CPNG
Coupang Inc - Ordinary Shares - Class A
3.82%
W
Wayfair Inc - Ordinary Shares - Class A
3.71%
Invest with CLIX

What is CLIX?

E-commerce sales are growing at a rapid pace and undermining in-store retail as consumer habits change and shoppers move online. As popular as they may seem now, online retailers like Amazon and Alibaba only account for about 10% of global retail sales, leaving tremendous room for growth. Physical retailers are under immense pressure. Sales have been declining and profit margins are approaching lows not seen since the recession. Over 30 major retailers have declared bankruptcy in the past three years, and longstanding names like J.C. Penney and Macys are struggling to remain viable. CLIX combines a 100% long position in retailers that primarily sell online or through other non-store channels with a 50% short position in those that rely principally on physical stores. Investors have the opportunity to benefit from both outperforming online and underperforming physical retailers. The long/short structure also reduces equity market exposure and potentially results in less volatility than long-only equity strategies.

ETFs related toCLIX

ETFs correlated to CLIX include PNQI, IPO, THNQ

CLIX
ProShares Trust - ProShares Long Online/Short Stores ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
ESPO
VanEck ETF Trust - VanEck Video Gaming and eSports ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation 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 toCLIX

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with CLIX using Composer

FAQ

CLIX is a US Equities ETF. E-commerce sales are growing at a rapid pace and undermining in-store retail as consumer habits change and shoppers move online. As popular as they may seem now, online retailers like Amazon and Alibaba only account for about 10% of global retail sales, leaving tremendous room for growth. Physical retailers are under immense pressure. Sales have been declining and profit margins are approaching lows not seen since the recession. Over 30 major retailers have declared bankruptcy in the past three years, and longstanding names like J.C. Penney and Macys are struggling to remain viable. CLIX combines a 100% long position in retailers that primarily sell online or through other non-store channels with a 50% short position in those that rely principally on physical stores. Investors have the opportunity to benefit from both outperforming online and underperforming physical retailers. The long/short structure also reduces equity market exposure and potentially results in less volatility than long-only equity strategies.

CLIX tracks the ProShares Long Online/Short Stores Index.

No, CLIX is not actively managed. It is passively 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.

Yes, CLIX is passively 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 CLIX is 0.0968%. This is the percent change in the value of CLIX over the most recent 1-month period. The 3-month return on CLIX is 0.1232%. This is the percent change in the value of CLIX over the most recent 3-month period.

The standard deviation of CLIX for the past year is 0.3428%. 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 CLIX include PKW, VIXY, and MOAT.

ETFs correlated to CLIX include PNQI, IPO, and THNQ.

ETFs that are inversely correlated to CLIX include WEBS, SARK, and FNGD.

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.