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ETFs

Sound Equity Income ETF

DIVY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 30 2020
Expense Ratio
0.45%
Type
Global Equities
Fund Owner
Sound ETF
Volume (1m avg. daily)
$73,194
AUM
$25,781,927
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

OMC
Omnicom Group, Inc.
5.32%
GEF/B
Greif Inc - Ordinary Shares - Class B
4.87%
LYB
LyondellBasell Industries NV - Ordinary Shares - Class A
4.46%
ABBV
Abbvie Inc
4.35%
ENB
Enbridge Inc
4.14%
PDCO
Patterson Companies Inc.
4.10%
NYCB
New York Community Bancorp Inc.
4.08%
CSCO
Cisco Systems, Inc.
3.87%
WBA
Walgreens Boots Alliance Inc
3.86%
OKE
Oneok Inc.
3.61%
Invest with DIVY

What is DIVY?

The Fund is an actively-managed exchange-traded fund that seeks to achieve its investment objectives by investing primarily in common stock issued by dividend paying, mid- and large-capitalization companies whose market capitalization at the time of purchase is typically in excess of $2 billion. Investment decisions for the Fund are made by Sound Income Strategies, LLC, the Fund's investment sub-adviser. The Fund will invest in companies whose securities trade on U.S. stock exchanges, which may include indirect investments in foreign securities via American Depositary Receipts (ADRs).

ETFs related toDIVY

ETFs correlated to DIVY include MDLV, SDOG, DFUV

DIVY
Tidal ETF Trust - Sound Equity Income ETF
MDLV
EA Series Trust - Morgan Dempsey Large Cap Value ETF
SDOG
ALPS Advisors Inc - ALPS Sector Dividend Dogs ETF
DFUV
Dimensional ETF Trust - Dimensional US Marketwide Value ETF
FDL
First Trust Exchange-Traded Fund III - First Trust Morningstar Dividend Leaders Index Fund
DVY
BlackRock Institutional Trust Company N.A. - iShares Select Dividend ETF
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx ETF
DHS
WisdomTree Trust - WisdomTree U.S. High Dividend Fund
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
VFVA
Vanguard Group, Inc. - Vanguard U.S. 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.

Automated Strategies
Related toDIVY

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with DIVY using Composer

FAQ

DIVY is a Global Equities ETF. The Fund is an actively-managed exchange-traded fund that seeks to achieve its investment objectives by investing primarily in common stock issued by dividend paying, mid- and large-capitalization companies whose market capitalization at the time of purchase is typically in excess of $2 billion. Investment decisions for the Fund are made by Sound Income Strategies, LLC, the Fund's investment sub-adviser. The Fund will invest in companies whose securities trade on U.S. stock exchanges, which may include indirect investments in foreign securities via American Depositary Receipts (ADRs).

DIVY dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

Yes, DIVY 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, DIVY 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 DIVY is 0.0178%. This is the percent change in the value of DIVY over the most recent 1-month period. The 3-month return on DIVY is 0.0215%. This is the percent change in the value of DIVY over the most recent 3-month period.

The standard deviation of DIVY for the past year is 0.2068%. 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 DIVY include DFE, DGS, and DXJ.

ETFs correlated to DIVY include MDLV, SDOG, and DFUV.

ETFs that are inversely correlated to DIVY include SDOW, DXD, and DOG.

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.