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ETFs

HVAL
$--
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)
$3,561
AUM
$6,106,950
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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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 TILT, JHML, DFAU

HVAL
ALPS Fund Services - ALPS Hillman Active Value ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight 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-12

Opus-12

Category

Opus, Investing for the Long-Term

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 0.0306%. This is the percent change in the value of HVAL over the most recent 1-month period. The 3-month return on HVAL is 0.0819%. 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 0.2007%. 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 IWD, VTV, and VUG.

ETFs correlated to HVAL include TILT, JHML, and DFAU.

ETFs that are inversely correlated to HVAL include SPXS, SPDN, and SDS.

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.