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ETFs

ATAC Credit Rotation ETF

JOJO
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jul 15, 2021
Expense Ratio
1.22%
Type
US Bonds
Fund Owner
ATAC Funds
Volume (1m avg. daily)
$16,002
AUM
$4,986,975
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

TLT
BlackRock Institutional Trust Company N.A. - iShares 20+ Year Treasury Bond ETF
79.64%
IEF
BlackRock Institutional Trust Company N.A. - iShares 7-10 Year Treasury Bond ETF
20.06%
—
Cash & Other
0.3%
Invest with JOJO
Trade JOJO Options

What is JOJO?

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by utilizing a systematic risk management and rules-based strategy to direct its exposure to credit-related securities including either (i) high yield bonds or (ii) long-duration (e.g., 20 years) U.S. Treasury securities depending on the performance of the Utilities sector relative to the U.S. large-capitalization equity market.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

JOJO
Performance Measures**

for the time period Jul 16, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 1.0%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 2.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -28.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 11.7%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.05

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.04

The annualized return divided by the max drawdown for the selected time period.

ETFs related toJOJO

ETFs correlated to JOJO include DIAL, LQD, VCEB

JOJO
Tidal ETF Trust - ATAC Credit Rotation ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
SPLB
SSgA Active Trust - SPDR Portfolio Long Term Corporate Bond ETF
GIGB
Goldman Sachs ETF Trust - Goldman Sachs Access Investment Grade Corporate Bond ETF
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
IGLB
BlackRock Institutional Trust Company N.A. - iShares 10 Year Investment Grade Corporate Bond ETF
VCLT
Vanguard Group, Inc. - Vanguard Long-Term Corporate Bond ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated 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.

FAQ

JOJO is a US Bonds ETF. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by utilizing a systematic risk management and rules-based strategy to direct its exposure to credit-related securities including either (i) high yield bonds or (ii) long-duration (e.g., 20 years) U.S. Treasury securities depending on the performance of the Utilities sector relative to the U.S. large-capitalization equity market.

Yes, JOJO 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, JOJO 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 JOJO is -0.0364%. This is the percent change in the value of JOJO over the most recent 1-month period. The 3-month return on JOJO is -0.044%. This is the percent change in the value of JOJO over the most recent 3-month period.

The standard deviation of JOJO for the past year is 0.1287%. 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 JOJO include GVI, BLV, and BSV.

ETFs correlated to JOJO include DIAL, LQD, and VCEB.

ETFs that are inversely correlated to JOJO include SJB, TBF, and TMV.

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.