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iMGP DBi Hedge Strategy ETF

DBEH
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 18 2019
Expense Ratio
0.85%
Type
Global Hedge Fund
Fund Owner
iMGP Global Partner
Volume (1m avg. daily)
$75,345
AUM
$16,267,875
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Dividend
No
Prospectus

Top 10 Holdings

n/a
91.11%
n/a
Derivatives offset
40.51%
Invest with DBEH

What is DBEH?

The Fund is a non-diversified actively-managed exchange-traded fund ( ETF ) that seeks to achieve its objective by: (i) investing its assets pursuant to an equity hedge strategy (described below); and (ii) allocating the remainder of its assets directly in a portfolio of investment grade debt securities to collateralize its derivatives investments, for liquidity purposes, or to enhance yield. The Fund seeks to model its investments after long/short equity hedge fund strategies and does not invest in hedge funds. Because the Fund is not a hedge fund, the Fund will be limited in its ability to fully replicate hedge fund strategies due to regulatory requirements, including limitations on leverage and liquidity of the Fund s investments. The Fund invests in long and short positions in exchange-traded futures contracts across the broad asset classes of equities, fixed income, and currencies. The long and short positions in the futures contracts are determined by the Fund s sub-adviser, Dynamic Beta investments ( DBi or the Sub-Adviser ), using a proprietary, quantitative model the Dynamic Beta Engine. The Dynamic Beta Engine is designed to identify the main drivers of performance of a diversified portfolio of the largest long/short equity hedge funds, which are hedge funds that employ fundamental analysis to buy or sell short individual equity securities to achieve their respective investment objectives ( Equity Hedge funds ).

ETFs related toDBEH

ETFs correlated to DBEH include GDEF, GJAN, JMEE

DBEHManager Directed Portfolios - iMGP DBi Hedge Strategy ETF
GDEFGoldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
Expense Ratio0.55%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
GJANFirst Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
JMEEJ.P. Morgan Exchange-Traded Fund Trust - JPMorgan Market Expansion Enhanced Equity ETF
ROCIEA Series Trust - ROC ETF
GUSAGoldman Sachs ETF Trust II - Goldman Sachs MarketBeta U.S. 1000 Equity ETF
AVSUAmerican Century ETF Trust - Avantis Responsible U.S. Equity ETF
NZUSSPDR Series Trust - SPDR MSCI USA Climate Paris Aligned ETF
GVLUTidal ETF Trust - Gotham 1000 Value ETF
NBCCNeuberger Berman ETF Trust - Neuberger Berman Next Generation Connected Consumer ETF
SEIVSEI Exchange Traded Funds - SEI Enhanced U.S. Large Cap Value Factor 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, XigniteData 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.

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We show information based on calculations performed by Composer using data from our providerInformation 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.