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ETFs

Procure ETF Trust II Procure Disaster Recovery Strategy ETF

FIXT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 01 2022
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
ProcureAM
Volume (1m avg. daily)
$17,683
AUM
$2,089,065
Associated Index
VettaFi Natural Disaster Response and Mitigation Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

REVG
REV Group Inc
2.51%
ATRL
SNC - Lavalin Group Inc.
2.26%
6701
NEC Corporation
2.19%
FLR
Fluor Corporation
2.17%
BBY
Balfour Beatty plc
2.13%
ALSN
Allison Transmission Holdings Inc
2.11%
VMW
Vmware Inc. - Ordinary Shares - Class A
2.11%
CLH
Clean Harbors, Inc.
2.09%
ARCADa
Arcadis NV
2.09%
FER
Ferrovial S.E.
2.09%
Invest with FIXT

What is FIXT?

The Procure Disaster Recovery Strategy ETF tracks a portfolio of companies engaged in recovering from natural disasters, such as hurricanes, wildfires, floods or earthquakes. The Procure Disaster Recovery Strategy ETF (the "Fund") seeks investment results that correspond generally to the performance, before the Fund's fees and expenses, of the the VettaFi Natural Disaster Recovery and Mitigation Index (the "Underlying Index") developed by VettaFi (the "Index Provider").

ETFs related toFIXT

ETFs correlated to FIXT include SMMD, IVOG, BBMC

FIXT
Procure ETF Trust II - Procure Disaster Recovery Strategy ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
IVOG
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Growth ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
IYJ
BlackRock Institutional Trust Company N.A. - iShares U.S. Industrials 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

FIXT is a Global Equities ETF. The Procure Disaster Recovery Strategy ETF tracks a portfolio of companies engaged in recovering from natural disasters, such as hurricanes, wildfires, floods or earthquakes. The Procure Disaster Recovery Strategy ETF (the "Fund") seeks investment results that correspond generally to the performance, before the Fund's fees and expenses, of the the VettaFi Natural Disaster Recovery and Mitigation Index (the "Underlying Index") developed by VettaFi (the "Index Provider").

FIXT tracks the VettaFi Natural Disaster Response and Mitigation Index.

No, FIXT 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, FIXT 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 FIXT is -0.028%. This is the percent change in the value of FIXT over the most recent 1-month period. The 3-month return on FIXT is 0.0118%. This is the percent change in the value of FIXT over the most recent 3-month period.

The standard deviation of FIXT for the past year is 0.2086%. 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 FIXT include PBW, IGF, and ARKK.

ETFs correlated to FIXT include SMMD, IVOG, and BBMC.

ETFs that are inversely correlated to FIXT include RWM, SRTY, and TZA.

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.