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ETFs

Strategy Shares Nasdaq 7HANDL Index ETF

HNDL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 17 2018
Expense Ratio
0.97%
Type
US Diversified
Fund Owner
Strategy Shares
Volume (1m avg. daily)
$2,375,565
AUM
$945,268,500
Associated Index
NASDAQ 7HANDL Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
11.01%
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
11.00%
AMLP
ALPS Fund Services - Alerian MLP ETF
7.55%
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
6.76%
VIG
Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF
6.56%
JEPI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Equity Premium Income ETF
5.99%
FUTY
Fidelity Covington Trust - Fidelity MSCI Utilities Index ETF
5.55%
n/a
CASH AND CASH EQUIVALENTS
4.92%
NTSX
WisdomTree Trust - WisdomTree U.S. Efficient Core Fund
4.68%
PFFD
Global X Funds - Global X U.S. Preferred ETF
4.25%
Invest with HNDL

What is HNDL?

The Nasdaq 7HANDL Index ETF seeks investment results that correspond generally, before fees and expenses, to the price and yield performance of the Nasdaq 7HANDL Index. The index is broadly diversified and represents an allocation to a balanced portfolio of U.S. equities, bonds and alternative investments that employs leverage in an amount equal to 23% of the portfolio. The index consists of ETFs that are split into two equally weighted categories, a Core Portfolio and a Dorsey Wright Explore Portfolio. The Core Portfolio consists of a 70% allocation to U.S. aggregate fixed income ETFs a 30% allocation to U.S. large cap equity ETFs. The Dorsey Wright Explore Portfolio consists of an allocation to ETFs in various U.S. asset categories that have historically provided high levels of income, using a tactical asset allocation methodology developed in consultation with Nasdaq Dorsey Wright Investment Research & Analysis that seeks to incorporate momentum, yield and risk.

ETFs related toHNDL

ETFs correlated to HNDL include AOM, AOK, NTSX

HNDL
Strategy Shares - Nasdaq 7HANDL Index ETF 1.23x Shares
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
NTSX
WisdomTree Trust - WisdomTree U.S. Efficient Core Fund
AOR
BlackRock Institutional Trust Company N.A. - iShares Core Growth Allocation ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
CVRD
Madison ETFs Trust - Madison Covered Call ETF
NFRA
FlexShares Trust - FlexShares STOXX Global Broad Infrastructure Index Fund
ANGL
VanEck ETF Trust - VanEck Fallen Angel High Yield Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond 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 toHNDL

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#LSPC

Lever up S&P with a Commodity Hedge

Category

Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Moderate

Create your own algorithmic trading strategy with HNDL using Composer

FAQ

HNDL is a US Diversified ETF. The Nasdaq 7HANDL Index ETF seeks investment results that correspond generally, before fees and expenses, to the price and yield performance of the Nasdaq 7HANDL Index. The index is broadly diversified and represents an allocation to a balanced portfolio of U.S. equities, bonds and alternative investments that employs leverage in an amount equal to 23% of the portfolio. The index consists of ETFs that are split into two equally weighted categories, a Core Portfolio and a Dorsey Wright Explore Portfolio. The Core Portfolio consists of a 70% allocation to U.S. aggregate fixed income ETFs a 30% allocation to U.S. large cap equity ETFs. The Dorsey Wright Explore Portfolio consists of an allocation to ETFs in various U.S. asset categories that have historically provided high levels of income, using a tactical asset allocation methodology developed in consultation with Nasdaq Dorsey Wright Investment Research & Analysis that seeks to incorporate momentum, yield and risk.

HNDL tracks the NASDAQ 7HANDL Index.

No, HNDL 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, HNDL 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 HNDL is -0.013%. This is the percent change in the value of HNDL over the most recent 1-month period. The 3-month return on HNDL is -0.0198%. This is the percent change in the value of HNDL over the most recent 3-month period.

The standard deviation of HNDL for the past year is 0.1255%. 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 HNDL include DRSK, FPEI, and GAL.

ETFs correlated to HNDL include AOM, AOK, and NTSX.

ETFs that are inversely correlated to HNDL include SJB, SPXU, 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.