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ETFs

HEET
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 10 2021
Expense Ratio
0.39%
Type
US Equities
Fund Owner
Hartford Funds
Volume (1m avg. daily)
$572
AUM
$9,844,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MSUXX
MS LIQ TREAS SEC PORT INST C S MS LIQ TREAS SEC PORT INST
100.39%
n/a
US DOLLAR
0.00%
n/a
NET OTHER ASSETS
-0.39%
Invest with HEET

What is HEET?

The Fund seeks to achieve its investment objective by investing in a diversified portfolio of equities and equity-related securities of U.S. companies. Under normal market conditions, the Fund will invest at least 80% of its assets in equity securities of companies organized in, located in or whose principal place of business is in the United States and at least 80% of its assets in investments that meet environmental, social and/or governance criteria ( ESG ) as identified by the Fund s sub-advisers, Schroder Investment Management North America Inc. ( SIMNA ) and Schroder Investment Management North America Limited ( SIMNA Ltd., together with SIMNA, the Sub-Advisers . Companies will be assessed simultaneously on ESG, Value, Profitability, Momentum and Low Volatility factors using a systematic and disciplined investment approach. The Sub-Advisers ESG criteria are designed to ensure that the portfolio s overall ESG profile is higher than that of the Fund s benchmark. The Fund s overall carbon intensity is expected to be at least 50% lower than that of the Fund s benchmark, as determined by the Sub-Advisers.

ETFs related toHEET

ETFs correlated to HEET include GSLC, LCTU, SPTM

HEET
Hartford Funds Exchange-Traded Trust - Hartford Schroders ESG US Equity ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust

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 toHEET

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with HEET using Composer

FAQ

HEET is a US Equities ETF. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of equities and equity-related securities of U.S. companies. Under normal market conditions, the Fund will invest at least 80% of its assets in equity securities of companies organized in, located in or whose principal place of business is in the United States and at least 80% of its assets in investments that meet environmental, social and/or governance criteria ( ESG ) as identified by the Fund s sub-advisers, Schroder Investment Management North America Inc. ( SIMNA ) and Schroder Investment Management North America Limited ( SIMNA Ltd., together with SIMNA, the Sub-Advisers . Companies will be assessed simultaneously on ESG, Value, Profitability, Momentum and Low Volatility factors using a systematic and disciplined investment approach. The Sub-Advisers ESG criteria are designed to ensure that the portfolio s overall ESG profile is higher than that of the Fund s benchmark. The Fund s overall carbon intensity is expected to be at least 50% lower than that of the Fund s benchmark, as determined by the Sub-Advisers.

Yes, HEET 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, HEET 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 HEET is 0.0166%. This is the percent change in the value of HEET over the most recent 1-month period. The 3-month return on HEET is 0.0735%. This is the percent change in the value of HEET over the most recent 3-month period.

The standard deviation of HEET for the past year is 0.1777%. 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 HEET include SUSA, SPLV, and DSI.

ETFs correlated to HEET include GSLC, LCTU, and SPTM.

ETFs that are inversely correlated to HEET include SH, SPDN, and SPXS.

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.