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ETFs

AdvisorShares Restaurant ETF

EATZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 20 2021
Expense Ratio
0.99%
Type
US Equities
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$21,526
AUM
$2,370,624
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MCD
McDonald`s Corp
6.20%
ARCO
Arcos Dorados Holdings Inc - Ordinary Shares - Class A
6.04%
QSR
Restaurant Brands International Inc
5.92%
TAST
Carrols Restaurant Group Inc.
5.80%
DRI
Darden Restaurants, Inc.
5.66%
LOCO
El Pollo Loco Holdings Inc
5.23%
CHUY
Chuy`s Holdings Inc
5.13%
CASY
Casey`s General Stores, Inc.
5.03%
DPZ
Dominos Pizza Inc
4.97%
CMG
Chipotle Mexican Grill
4.91%
Invest with EATZ

What is EATZ?

The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the restaurant business. The Fund defines companies in the restaurant business as those in the Restaurant Sub-Industry, which consists of owners and operators of restaurants, bars, pubs, and fast food or take out facilities as well as companies that provide food catering services. The Fund invests primarily in U.S. exchange listed equity securities, including common and preferred stock and American Depositary Receipts ( ADRs ). ADRs are securities traded on a local stock exchange that represent interests in securities issued by a foreign publicly listed company. The investment strategy typically identifies a wide variety of large- and mid-capitalization stocks, as well as numerous small- and micro-cap stocks. The Fund will concentrate at least 25% of its investments in the Hotels, Restaurants & Leisure Industry within the Consumer Discretionary Sector. The Fund is non-diversified and may invest a greater percentage of its assets in a particular issuer than a diversified fund.

ETFs related toEATZ

ETFs correlated to EATZ include CVRD, BBMC, SMMD

EATZ
Advisorshares Trust - AdvisorShares Restaurant ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
FNY
First Trust Exchange-Traded Fund III - First Trust Mid Cap Growth AlphaDEX Fund
PEJ
Invesco Capital Management LLC - Invesco Leisure and Entertainment ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
RSPD
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Discretionary ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth 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 toEATZ

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with EATZ using Composer

FAQ

EATZ is a US Equities ETF. The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the restaurant business. The Fund defines companies in the restaurant business as those in the Restaurant Sub-Industry, which consists of owners and operators of restaurants, bars, pubs, and fast food or take out facilities as well as companies that provide food catering services. The Fund invests primarily in U.S. exchange listed equity securities, including common and preferred stock and American Depositary Receipts ( ADRs ). ADRs are securities traded on a local stock exchange that represent interests in securities issued by a foreign publicly listed company. The investment strategy typically identifies a wide variety of large- and mid-capitalization stocks, as well as numerous small- and micro-cap stocks. The Fund will concentrate at least 25% of its investments in the Hotels, Restaurants & Leisure Industry within the Consumer Discretionary Sector. The Fund is non-diversified and may invest a greater percentage of its assets in a particular issuer than a diversified fund.

Yes, EATZ 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, EATZ 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 EATZ is -0.0644%. This is the percent change in the value of EATZ over the most recent 1-month period. The 3-month return on EATZ is -0.0915%. This is the percent change in the value of EATZ over the most recent 3-month period.

The standard deviation of EATZ for the past year is 0.1819%. 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 EATZ include XLI, XLY, and XLV.

ETFs correlated to EATZ include CVRD, BBMC, and SMMD.

ETFs that are inversely correlated to EATZ include TWM, TZA, and SRTY.

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.