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ETFs

Morgan Creek - Exos Active SPAC Arbitrage ETF

CSH
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 01 2022
Expense Ratio
1.25%
Type
US Equities
Fund Owner
Morgan Creek Exos Financial
Volume (1m avg. daily)
$15,261
AUM
$8,365,499
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

n/a
Cash & Other
100.01%
Invest with CSH

What is CSH?

The CSH ETF is designed to act as an alternative to cash in investor portfolios. It is meant to provide the safety of the highest quality collateral - such as US T-bills or other cash equivalents - without giving up the ability to earn a return. It does this by investing in and trading only a subset of equity securities that are collateralized on the downside by T-bills, yet have the ability to generate upside via equity options embedded in the securities. This type of security is called a "pre-combination" SPAC. CSH is an active strategy designed around the unique attributes of these securities to first and foremost protect investor capital at all times via the T-bill collateral and only then to opportunistically generate return by trading the underlying collateral and options embedded in the securities.

ETFs related toCSH

ETFs correlated to CSH include FLDR, AGZD, GSY

CSH
Listed Funds Trust - Morgan Creek - Exos Active SPAC Arbitrage ETF
FLDR
Fidelity Covington Trust - Fidelity Low Duration Bond Factor ETF
AGZD
WisdomTree Trust - WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund
GSY
Invesco Capital Management LLC - Invesco Ultra Short Duration ETF
CAOS
EA Series Trust - Alpha Architect Tail Risk ETF
EWT
BlackRock Institutional Trust Company N.A. - iShares MSCI Taiwan ETF
TSLY
TIDAL ETF TRUST II - YieldMax TSLA Option Income Strategy ETF
FEMB
First Trust Exchange-Traded Fund III - First Trust Emerging Markets Local Currency Bond ETF
SPSK
Tidal ETF Trust - SP Funds Dow Jones Global Sukuk ETF
MLN
VanEck ETF Trust - VanEck Long Muni ETF
GSST
Goldman Sachs ETF Trust - Goldman Sachs Access Ultra Short Bond 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 toCSH

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Category

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Risk Rating

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SPY minimum drawdown

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Risk Rating

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Create your own algorithmic trading strategy with CSH using Composer

FAQ

CSH is a US Equities ETF. The CSH ETF is designed to act as an alternative to cash in investor portfolios. It is meant to provide the safety of the highest quality collateral - such as US T-bills or other cash equivalents - without giving up the ability to earn a return. It does this by investing in and trading only a subset of equity securities that are collateralized on the downside by T-bills, yet have the ability to generate upside via equity options embedded in the securities. This type of security is called a "pre-combination" SPAC. CSH is an active strategy designed around the unique attributes of these securities to first and foremost protect investor capital at all times via the T-bill collateral and only then to opportunistically generate return by trading the underlying collateral and options embedded in the securities.

Yes, CSH 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, CSH 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 CSH is 0.0179%. This is the percent change in the value of CSH over the most recent 1-month period. The 3-month return on CSH is 0.0187%. This is the percent change in the value of CSH over the most recent 3-month period.

The standard deviation of CSH for the past year is 0.1117%. 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 CSH include IWM, QQQ, and IJR.

ETFs correlated to CSH include FLDR, AGZD, and GSY.

ETFs that are inversely correlated to CSH include XBIL, UNIY, and VTES.

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.