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ETFs

Cabana Target Leading Sector Aggressive ETF

CLSA
$--
Today’s Change
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Snapshot
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Inception Date
Jul 12 2021
Expense Ratio
0.69%
Type
US Diversified
Fund Owner
Cabana ETF
Volume (1m avg. daily)
$826,936
AUM
$200,090,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SGOV
iShares Trust - iShares 0-3 Month Treasury Bond ETF
59.70%
GBIL
Goldman Sachs ETF Trust - Goldman Sachs Access Treasury 0-1 Year ETF
39.84%
n/a
CASH & OTHER
0.46%
Invest with CLSA

What is CLSA?

Cabana Target Leading Sector Conservative ETF (CLSA) seeks to provide long-term growth. The fund seeks to achieve this objective primarily by allocating among ETFs that invest in companies of various sectors of the U.S. market. The fund selects investments in sectors of the market that it identifies utilizing a strategy designed to optimize performance while seeking to manage portfolio volatility and reduce exposure to down markets. The fund may invest in ETFs that provide exposure to additional asset classes, such as fixed income, commodities, real estate, and currencies to achieve its objective.

ETFs related toCLSA

ETFs correlated to CLSA include TDSC, DFSU, NUSI

CLSA
Exchange Listed Funds Trust - Cabana Target Leading Sector Aggressive ETF
TDSC
Exchange Listed Funds Trust - Cabana Target Drawdown 10 ETF
DFSU
Dimensional ETF Trust - Dimensional US Sustainability Core 1 ETF
NUSI
ETF Series Solutions Trust - Nationwide Nasdaq-100 Risk-Managed Income ETF
CACG
Legg Mason ETF Investment Trust - ClearBridge All Cap Growth ESG ETF
SSUS
Strategy Shares - Day Hagan/Ned Davis Research Smart Sector ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
FGRO
Fidelity Covington Trust - Fidelity Growth Opportunities ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth 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

CLSA is a US Diversified ETF. Cabana Target Leading Sector Conservative ETF (CLSA) seeks to provide long-term growth. The fund seeks to achieve this objective primarily by allocating among ETFs that invest in companies of various sectors of the U.S. market. The fund selects investments in sectors of the market that it identifies utilizing a strategy designed to optimize performance while seeking to manage portfolio volatility and reduce exposure to down markets. The fund may invest in ETFs that provide exposure to additional asset classes, such as fixed income, commodities, real estate, and currencies to achieve its objective.

Yes, CLSA 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, CLSA 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 CLSA is 0.0054%. This is the percent change in the value of CLSA over the most recent 1-month period. The 3-month return on CLSA is 0.0248%. This is the percent change in the value of CLSA over the most recent 3-month period.

The standard deviation of CLSA for the past year is 0.1369%. 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 CLSA include PGF, AMJ, and AOR.

ETFs correlated to CLSA include TDSC, DFSU, and NUSI.

ETFs that are inversely correlated to CLSA include HDGE, QID, and SQQQ.

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.