Formidable Fortress ETF
Top 10 Holdings
What is KONG?
Under normal market conditions, the Fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts (i.e., American Depository Receipts or ADRs, European Depository Receipts or EDRs, and Global Depository Receipts or GDRs ), real estate investment trusts ( REITs ), and other equity investments or ownership interests in business enterprises. he Adviser, working together with the Sub-Adviser, makes buy, hold and sell decisions with respect to Fund portfolio securities using an investment process that is based on a combination of quantitative and fundamental analysis. The investment process seeks to identify stocks of large- and mid-cap companies which exhibit one or more of the following primary factors: Capital structure discipline lower debt levels relative to the Investable Universe; Beta lower historical price volatility relative to the Investable Universe; Dividends history of returning capital to shareholders, ideally at an increasing level; and Quality relative to the Investable Universe, companies with higher returns on equity (ROE), operating margins, and earnings growth. The Fund s derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; and (iii) volatility-linked exchange-traded notes ( ETNs ). These derivatives will be used to hedge risks associated with the Fund s other portfolio investments. The Fund s may also use derivatives to create income by writing covered call options.
ETFs related toKONG
ETFs correlated to KONG include ROUS, FLQM, QUS
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.
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.