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ETFs

Merlyn.AI SectorSurfer Momentum ETF

DUDE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 30 2020
Expense Ratio
1.09%
Type
Global Equities
Fund Owner
Merlyn AI
Volume (1m avg. daily)
$174,149
AUM
$14,962,208
Associated Index
MAI SectorSurfer Momentum Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SMH
VanEck ETF Trust - VanEck Semiconductor ETF
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ITB
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20.34%
XHB
SSgA Active Trust - SPDR Homebuilders ETF
15.18%
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
15.15%
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
15.02%
n/a
Cash & Other
0.17%
Invest with DUDE

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

DUDE
EA Series Trust - Merlyn.AI SectorSurfer Momentum ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June

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.

FAQ

DUDE is a Global Equities ETF. 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.

DUDE tracks the MAI SectorSurfer Momentum Index.

No, DUDE 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, DUDE 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 DUDE is -0.0199%. This is the percent change in the value of DUDE over the most recent 1-month period. The 3-month return on DUDE is -0.0204%. This is the percent change in the value of DUDE over the most recent 3-month period.

The standard deviation of DUDE for the past year is 0.1662%. 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 DUDE include PBW, IGF, and ARKK.

ETFs correlated to DUDE include LGRO, GAUG, and XAUG.

ETFs that are inversely correlated to DUDE include HIBS, SPDN, and SH.

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.