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ETFs

FMC Excelsior Focus Equity ETF

FMCX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 25 2022
Expense Ratio
0.70%
Type
US Equities
Fund Owner
First Manhattan
Volume (1m avg. daily)
$7,872
AUM
$76,751,250
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View
Invest with FMCX

What is FMCX?

The Fund is an actively managed exchange-traded fund that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the Fund. From time to time, the Fund may hold a greater number of common stocks. During the Fund's first year of operations, the Fund expects to hold significantly more than the usual 25-30 U.S. exchange-traded stocks.

ETFs related toFMCX

ETFs correlated to FMCX include PBUS, IYY, VTHR

FMCX
Northern Lights Fund Trust IV - FMC Excelsior Focus Equity ETF
PBUS
Invesco Capital Management LLC - Invesco PureBeta SM MSCI USA ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
VTHR
Vanguard Group, Inc. - Vanguard Russell 3000 Index ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 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 toFMCX

#RAY

Copy Ray Dalio

Category

Classic, Copy the Greats

Risk Rating

Conservative

#SAM

Spread Across the Market

Category

Getting Defensive, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with FMCX using Composer

FAQ

FMCX is a US Equities ETF. The Fund is an actively managed exchange-traded fund that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the Fund. From time to time, the Fund may hold a greater number of common stocks. During the Fund's first year of operations, the Fund expects to hold significantly more than the usual 25-30 U.S. exchange-traded stocks.

Yes, FMCX 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, FMCX 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 FMCX is 0.045%. This is the percent change in the value of FMCX over the most recent 1-month period. The 3-month return on FMCX is 0.0806%. This is the percent change in the value of FMCX over the most recent 3-month period.

The standard deviation of FMCX for the past year is 0.1974%. 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 FMCX include VIG, DFAT, and VYM.

ETFs correlated to FMCX include PBUS, IYY, and VTHR.

ETFs that are inversely correlated to FMCX include SPDN, SDS, and SH.

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.