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ETFs

ALPS Hillman Active Value ETF

HVAL
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Today’s Change
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Snapshot
*

Inception Date
Jun 24 2021
Expense Ratio
0.55%
Type
US Equities
Fund Owner
ALPS
Volume (1m avg. daily)
$10,927
AUM
$5,943,838
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GE
General Electric Co.
2.80%
LRCX
Lam Research Corp.
2.75%
CRM
Salesforce Inc
2.65%
EPD
ENTERPRISE PRODUCTS PARTNERS
2.64%
ADBE
Adobe Inc
2.63%
NOW
ServiceNow Inc
2.56%
TSM
Taiwan Semiconductor Manufacturing - ADR
2.53%
MSFT
Microsoft Corporation
2.52%
BA
Boeing Co.
2.52%
ASML
ASML Holding NV - New York Shares
2.48%
Invest with HVAL

What is HVAL?

ALPS Hillman Active Value ETF seeks to invest in companies that we believe have sustainable competitive advantages, at times when we calculate that their stocks are undervalued. The strength of this discipline is derived from independent research, focusing on quality enterprises and applying disciplined valuation metrics.

ETFs related toHVAL

ETFs correlated to HVAL include CVLC, TILT, AVSU

HVAL
ALPS Fund Services - ALPS Hillman Active Value ETF
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
AVSU
American Century ETF Trust - Avantis Responsible U.S. Equity ETF
EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
DSTL
ETF Series Solutions Trust - Distillate U.S. Fundamental Stability & Value ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. 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 toHVAL

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with HVAL using Composer

FAQ

HVAL is a US Equities ETF. ALPS Hillman Active Value ETF seeks to invest in companies that we believe have sustainable competitive advantages, at times when we calculate that their stocks are undervalued. The strength of this discipline is derived from independent research, focusing on quality enterprises and applying disciplined valuation metrics.

Yes, HVAL 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, HVAL 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 HVAL is -0.0288%. This is the percent change in the value of HVAL over the most recent 1-month period. The 3-month return on HVAL is 0.0304%. This is the percent change in the value of HVAL over the most recent 3-month period.

The standard deviation of HVAL for the past year is 0.235%. 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 HVAL include IWN, VUG, and SPYV.

ETFs correlated to HVAL include CVLC, TILT, and AVSU.

ETFs that are inversely correlated to HVAL include SPDN, SH, 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.