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ETFs

Hartford Schroders Tax-Aware Bond ETF

HTAB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 18 2018
Expense Ratio
0.39%
Type
Global Bonds
Fund Owner
Hartford Funds
Volume (1m avg. daily)
$498,780
AUM
$90,582,000
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
6.77%
n/a
TREASURY BILL 01/24 0.00000
4.90%
n/a
TREASURY BILL 05/23 0.00000
4.35%
n/a
BROWARD CNTY FL CONVENTION CTR BROGEN 01/51 FIXED 4
2.91%
n/a
US TREASURY N/B
2.70%
n/a
DIST OF COLUMBIA WTR SWR AUT DISUTL 10/47 FIXED 4
2.24%
n/a
VISTA CA UNIF SCH DIST VSTSCD 08/48 FIXED 5.25
2.06%
n/a
NEW YORK CITY NY TRANSITIONAL NYCGEN 02/51 FIXED OID 4
1.97%
n/a
TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 05/53 FIXED 5
1.87%
n/a
PROSPER TX INDEP SCH DIST PSPSCD 02/53 FIXED OID 4
1.85%
Invest with HTAB

What is HTAB?

The Fund seeks to achieve its investment objective by investing in a diversifiedportfolio of fixed income debt instruments of varying maturities. Under normal circumstances, the Fund investsat least 80% of its assets inU.S.dollar-denominated, investment-grade fixed income debt instruments. Fixed incomedebt instruments include bonds, debt securities and other similar instruments issued by variousU.S. andnon-U.S.public or private-sector entities. The Fund may invest without limit inU.S.dollar denominated foreign securities. It is important to understand that the Fund is not limited to investing solely in assets that generate tax-exemptincome and may make both taxable and tax-exempt distributions to shareholders.

ETFs related toHTAB

ETFs correlated to HTAB include SCMB, UNIY, MUB

HTAB
Hartford Funds Exchange-Traded Trust - Hartford Schroders Tax Aware Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni 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 toHTAB

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Category

Community

Risk Rating

Aggressive

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Hedgefundie's Excellent Adventure Refined

Category

Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HTAB using Composer

FAQ

HTAB is a Global Bonds ETF. The Fund seeks to achieve its investment objective by investing in a diversifiedportfolio of fixed income debt instruments of varying maturities. Under normal circumstances, the Fund investsat least 80% of its assets inU.S.dollar-denominated, investment-grade fixed income debt instruments. Fixed incomedebt instruments include bonds, debt securities and other similar instruments issued by variousU.S. andnon-U.S.public or private-sector entities. The Fund may invest without limit inU.S.dollar denominated foreign securities. It is important to understand that the Fund is not limited to investing solely in assets that generate tax-exemptincome and may make both taxable and tax-exempt distributions to shareholders.

Yes, HTAB 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, HTAB 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 HTAB is 0.022%. This is the percent change in the value of HTAB over the most recent 1-month period. The 3-month return on HTAB is 0.0254%. This is the percent change in the value of HTAB over the most recent 3-month period.

The standard deviation of HTAB for the past year is 0.0642%. 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 HTAB include BIV, MINT, and BLV.

ETFs correlated to HTAB include SCMB, UNIY, and MUB.

ETFs that are inversely correlated to HTAB include TYO, TBX, and PST.

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.