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ETFs

Inspire Small/Mid Cap ETF

ISMD
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Feb 27 2017
Expense Ratio
0.54%
Type
US Equities
Fund Owner
Inspire Investing
Volume (1m avg. daily)
$775,702
AUM
$133,366,500
Associated Index
Inspire Small/Mid Cap Impact Equal Weight Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SMCI
Super Micro Computer Inc
0.45%
CNSL
Consolidated Communications Holdings Inc
0.29%
EYE
National Vision Holdings Inc
0.28%
VSAT
Viasat, Inc.
0.28%
WRLD
World Acceptance Corp.
0.28%
OMI
Owens & Minor, Inc.
0.28%
CUBI
Customers Bancorp Inc
0.28%
SGH
SMART Global Holdings Inc
0.28%
BLDR
Builders Firstsource Inc
0.27%
MBC
MasterBrand Inc
0.27%
Invest with ISMD

What is ISMD?

Inspire Small/Mid Cap ETF (ISMD) invests into inspiring, biblically aligned small and mid-sized companies ($850M-$12.99B market cap) from the United States. ISMD is managed according to biblically responsible investing standards seeking to create meaningful impact in the world and help investors align their investments to support biblical values. The Inspire Small/Mid Cap ETF seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Inspire Small/Mid Cap Impact Equal Weight Index.

ETFs related toISMD

ETFs correlated to ISMD include SPSM, IJR, VIOO

ISMD
Northern Lights Fund Trust IV - Inspire Small/Mid Cap ETF
SPSM
SSgA Active Trust - SPDR Portfolio S&P 600 Small Cap ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
SLY
SPDR Series Trust - SPDR S&P 600 Small Cap ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
ISCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Small-Cap Value ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 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 toISMD

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with ISMD using Composer

FAQ

ISMD is a US Equities ETF. Inspire Small/Mid Cap ETF (ISMD) invests into inspiring, biblically aligned small and mid-sized companies ($850M-$12.99B market cap) from the United States. ISMD is managed according to biblically responsible investing standards seeking to create meaningful impact in the world and help investors align their investments to support biblical values. The Inspire Small/Mid Cap ETF seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Inspire Small/Mid Cap Impact Equal Weight Index.

ISMD tracks the Inspire Small/Mid Cap Impact Equal Weight Index.

No, ISMD 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, ISMD 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 ISMD is -0.0221%. This is the percent change in the value of ISMD over the most recent 1-month period. The 3-month return on ISMD is -0.0875%. This is the percent change in the value of ISMD over the most recent 3-month period.

The standard deviation of ISMD for the past year is 0.239%. 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 ISMD include SUSA, IGE, and DSI.

ETFs correlated to ISMD include SPSM, IJR, and VIOO.

ETFs that are inversely correlated to ISMD include SBB, RWM, and TZA.

Disclaimers

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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.