Merlyn.AI SectorSurfer Momentum ETF
Top 10 Holdings
What is DUDE?
The Merlyn.AI SectorSurfer Momentum ETF seeks to track the total return performance, before fees and expenses, of the MAI SectorSurfer Momentum Index (the Index ). The Index uses a proprietary Bull/Bear market risk indicator that seeks to determine whether U.S. equity markets appear to be in an advancing market (a Bull indicator) or appear to have an elevated risk of market decline (a Bear indicator). When the Bull/Bear Indicator signals a Bull market, the Index identifies a portfolio of six ETFs, one selected from each of the six ETF categories: four Economic Sectors and two Geopolitical Sectors. For each category, the Index identifies the ETFs having the highest recent return performance relative to other ETFs in the category (the Momentum Leaders ). The Index s Bull portfolio will generally reflect a classic aggressive portfolio having approximately 70/30 domestic/foreign equities allocation. In contrast, when the Bull/Bear Indicator signals a Bear market, the Index identifies a portfolio of more conservative Bear Universe ETFs.
ETFs related toDUDE
ETFs correlated to DUDE include LGRO, GAUG, XAUG
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.
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.