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Strive U.S. Energy ETF

DRLL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 09 2022
Expense Ratio
0.41%
Type
US Equities
Fund Owner
Strive Asset Management
Volume (1m avg. daily)
$2,423,283
AUM
$384,699,084
Associated Index
Solactive United States Energy Regulated Capped Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

XOM
Exxon Mobil Corp.
22.33%
CVX
Chevron Corp.
15.85%
COP
Conoco Phillips
6.59%
SLB
SLB
3.96%
EOG
EOG Resources, Inc.
3.84%
OXY
Occidental Petroleum Corp.
2.95%
MPC
Marathon Petroleum Corp
2.88%
PXD
Pioneer Natural Resources Co.
2.61%
VLO
Valero Energy Corp.
2.60%
PSX
Phillips 66
2.45%
Invest with DRLL

What is DRLL?

DRLL is a passively managed Exchange Traded Fund (ETF) that seeks broad market exposure to the US energy sector. Energy sub-sectors available for inclusion in the index include crude petroleum, natural gas, bituminous coal, hydroelectric power, nuclear electric power, solar, wind, geothermal, biomass and related services up and down the US energy supply chain. DRLL offers concentrated exposure to the US energy sector through a cost efficient index product. Through Corporate Governance practices, including voting proxy shares and proactively engaging with management teams and boards, Strive aims to unlock value in the US energy sector by mandating companies to focus on profits over politics.

ETFs related toDRLL

ETFs correlated to DRLL include DIG, IYE, FENY

DRLL
EA Series Trust - Strive U.S. Energy ETF
DIG
ProShares Trust - ProShares Ultra Oil & Gas 2X Shares
IYE
BlackRock Institutional Trust Company N.A. - iShares U.S. Energy ETF
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
ERX
Direxion Shares ETF Trust - Direxion Daily Energy Bull 2X Shares
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund
OILU
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs
RYE
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
IXC
BlackRock Institutional Trust Company N.A. - iShares Global Energy ETF
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources 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 toDRLL

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with DRLL using Composer

FAQ

DRLL is a US Equities ETF. DRLL is a passively managed Exchange Traded Fund (ETF) that seeks broad market exposure to the US energy sector. Energy sub-sectors available for inclusion in the index include crude petroleum, natural gas, bituminous coal, hydroelectric power, nuclear electric power, solar, wind, geothermal, biomass and related services up and down the US energy supply chain. DRLL offers concentrated exposure to the US energy sector through a cost efficient index product. Through Corporate Governance practices, including voting proxy shares and proactively engaging with management teams and boards, Strive aims to unlock value in the US energy sector by mandating companies to focus on profits over politics.

The top holdings for DRLL include Exxon Mobil Corp., Chevron Corp., and Conoco Phillips.

DRLL has 62 total holdings.

DRLL tracks the Solactive United States Energy Regulated Capped Index.

No, DRLL 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, DRLL 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 DRLL is 0.0096%. This is the percent change in the value of DRLL over the most recent 1-month period. The 3-month return on DRLL is -0.0312%. This is the percent change in the value of DRLL over the most recent 3-month period.

ETFs similar to DRLL include SPLV, SPHQ, and DSI.

ETFs correlated to DRLL include DIG, IYE, and FENY.

ETFs that are inversely correlated to DRLL include DUG, ERY, and OILD.

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.