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ETFs

Tactical Advantage ETF

FDAT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 20 2023
Expense Ratio
0.74%
Type
US Equities
Fund Owner
Tactical Advantage
Volume (1m avg. daily)
$146,072
AUM
$21,498,696
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

BIL
SPDR Series Trust - SPDR Bloomberg 1-3 Month T-Bill ETF
35.03%
n/a
Cash & Other
7.86%
FLBL
Franklin Templeton ETF Trust - Franklin Senior Loan ETF
7.13%
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
7.04%
SPYG
SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF
6.86%
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
6.85%
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
6.63%
PAVE
Global X Funds - Global X U.S. Infrastructure Development ETF
6.56%
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF
6.14%
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
6.14%
Invest with FDAT

What is FDAT?

FDAT uses a proprietary, actively managed strategy, which seeks to achieve S&P 500 comparable returns while keeping the Funds standard deviation and beta at significantly reduced levels when compared to the S&P 500. The Fund seeks to accomplish these two objectives by first, being fully invested in various equity holdings during market upswings. It then seeks to minimize Fund losses during market declines by raising its cash holdings which can then be reinvested back into the equity holdings when more favorable investing opportunities arise.

ETFs related toFDAT

ETFs correlated to FDAT include CVRD, EUSA, AVGE

FDAT
Tidal Trust II - Tactical Advantage ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
SIZE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Size Factor ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
BKMC
BNY Mellon ETF Trust - BNY Mellon US Mid Cap Core Equity ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight 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

FDAT is a US Equities ETF. FDAT uses a proprietary, actively managed strategy, which seeks to achieve S&P 500 comparable returns while keeping the Funds standard deviation and beta at significantly reduced levels when compared to the S&P 500. The Fund seeks to accomplish these two objectives by first, being fully invested in various equity holdings during market upswings. It then seeks to minimize Fund losses during market declines by raising its cash holdings which can then be reinvested back into the equity holdings when more favorable investing opportunities arise.

Yes, FDAT 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, FDAT 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 FDAT is -0.0188%. This is the percent change in the value of FDAT over the most recent 1-month period. The 3-month return on FDAT is -0.0047%. This is the percent change in the value of FDAT over the most recent 3-month period.

ETFs similar to FDAT include PKW, VIXY, and XYLD.

ETFs correlated to FDAT include CVRD, EUSA, and AVGE.

ETFs that are inversely correlated to FDAT include HDGE, RWM, and SH.

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.