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ETFs

RiverNorth Patriot ETF

FLDZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 31 2021
Expense Ratio
0.70%
Type
US Equities
Fund Owner
TrueShares
Volume (1m avg. daily)
$2,185
AUM
—
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
1.44%
AGL
Agilon Health Inc
0.73%
SGEN
Seagen Inc
0.73%
TTD
Trade Desk Inc - Ordinary Shares - Class A
0.60%
BLDR
Builders Firstsource Inc
0.58%
MPC
Marathon Petroleum Corp
0.57%
DASH
DoorDash Inc - Ordinary Shares - Class A
0.57%
ROKU
Roku Inc - Ordinary Shares - Class A
0.57%
SAIA
Saia Inc.
0.56%
FND
Floor & Decor Holdings Inc - Ordinary Shares - Class A
0.55%
Invest with FLDZ

What is FLDZ?

The Fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective by investing in equity securities, including common stock of mid cap and large cap companies, tied to the economy of the U.S. RiverNorth Capital Management, LLC, the Funds sub-adviser, will consider a company to be tied to the U.S. economy if: 1) the company is organized under the laws of the U.S.; 2) the shares of the company are traded principally in the U.S., and 3) the company generates at least 90% of its revenue from its activities in the U.S. In addition, to be eligible for inclusion in the Funds portfolio, a company also must have, at the time of purchase, a market capitalization over $5 billion.

ETFs related toFLDZ

ETFs correlated to FLDZ include EQAL, IWS, JHMM

FLDZ
Listed Funds Trust - RiverNorth Patriot ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap 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 toFLDZ

#BUTTERFLY

Golden Butterfly

Category

Getting Defensive

Risk Rating

Moderate

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with FLDZ using Composer

FAQ

FLDZ is a US Equities ETF. The Fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective by investing in equity securities, including common stock of mid cap and large cap companies, tied to the economy of the U.S. RiverNorth Capital Management, LLC, the Funds sub-adviser, will consider a company to be tied to the U.S. economy if: 1) the company is organized under the laws of the U.S.; 2) the shares of the company are traded principally in the U.S., and 3) the company generates at least 90% of its revenue from its activities in the U.S. In addition, to be eligible for inclusion in the Funds portfolio, a company also must have, at the time of purchase, a market capitalization over $5 billion.

Yes, FLDZ 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, FLDZ 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 FLDZ is -0.0745%. This is the percent change in the value of FLDZ over the most recent 1-month period. The 3-month return on FLDZ is -0.021%. This is the percent change in the value of FLDZ over the most recent 3-month period.

The standard deviation of FLDZ for the past year is 0.2197%. 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 FLDZ include USMV, QUAL, and SPHQ.

ETFs correlated to FLDZ include EQAL, IWS, and JHMM.

ETFs that are inversely correlated to FLDZ include RWM, TWM, 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.