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ETFs

Pinnacle Focused Opportunities ETF

FCUS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 29 2022
Expense Ratio
0.81%
Type
US Equities
Fund Owner
Pinnacle Dynamic Funds
Volume (1m avg. daily)
$157,126
AUM
$6,312,390
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ALGM
Allegro Microsystems Inc.
4.70%
HZNP
Horizon Therapeutics Plc
4.32%
AXON
Axon Enterprise Inc
4.31%
WYNN
Wynn Resorts Ltd.
4.23%
ACGL
Arch Capital Group Ltd
4.18%
RNR
RenaissanceRe Holdings Ltd
4.01%
TPX
Tempur Sealy International Inc
3.97%
RCL
Royal Caribbean Group
3.94%
PRI
Primerica Inc
3.83%
LSCC
Lattice Semiconductor Corp.
3.68%
Invest with FCUS

What is FCUS?

The Pinnacle Focused Opportunities ETF is an actively managed ETF that seeks to achieve its investment objective primarily by investing in a focused portfolio of U.S. equity securities. The initial universe of stocks is comprised of the largest 1,000 U.S. equity securities listed on major U.S. stock exchanges. The ETF uses Pinnacle's monthly stock selection model to identify 30 stocks to include in the model. In addition, Pinnacle uses two separate Pinnacle Market Risk Algorithms to identify whether there are positive or negative market signals which may impact the composition of the ETF. On the first trading day of each month (or more frequently intra-month if a market signal changes), the ETF will be reconstituted based on whether the Algorithms both show market signals as positive, one as positive and one as negative, or both as negative.

ETFs related toFCUS

ETFs correlated to FCUS include VFMO, XMHQ, AVGE

FCUS
TIDAL ETF TRUST II - Pinnacle Focused Opportunities ETF
VFMO
Vanguard Group, Inc. - Vanguard U.S. Momentum Factor ETF
XMHQ
Invesco Capital Management LLC - Invesco S&P MidCap Quality ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
AVLV
American Century ETF Trust - Avantis U.S. Large Cap Value ETF
ONEO
SPDR Series Trust - SPDR Russell 1000 Momentum Focus ETF
MDYG
SPDR Series Trust - SPDR S&P 400 Mid Cap Growth ETF
IVOG
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Growth ETF
VFQY
Vanguard Group, Inc. - Vanguard U.S. Quality Factor ETF
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
PDP
Invesco Capital Management LLC - Invesco DWA Momentum 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.

FAQ

FCUS is a US Equities ETF. The Pinnacle Focused Opportunities ETF is an actively managed ETF that seeks to achieve its investment objective primarily by investing in a focused portfolio of U.S. equity securities. The initial universe of stocks is comprised of the largest 1,000 U.S. equity securities listed on major U.S. stock exchanges. The ETF uses Pinnacle's monthly stock selection model to identify 30 stocks to include in the model. In addition, Pinnacle uses two separate Pinnacle Market Risk Algorithms to identify whether there are positive or negative market signals which may impact the composition of the ETF. On the first trading day of each month (or more frequently intra-month if a market signal changes), the ETF will be reconstituted based on whether the Algorithms both show market signals as positive, one as positive and one as negative, or both as negative.

Yes, FCUS 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, FCUS 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 FCUS is -0.0191%. This is the percent change in the value of FCUS over the most recent 1-month period. The 3-month return on FCUS is %. This is the percent change in the value of FCUS over the most recent 3-month period.

ETFs similar to FCUS include VXX, QYLD, and HDGE.

ETFs correlated to FCUS include VFMO, XMHQ, and AVGE.

ETFs that are inversely correlated to FCUS include RWM, TZA, and TWM.

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.