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ETFs

AdvisorShares Let Bob AI Powered Momentum ETF

LETB
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Today’s Change
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Snapshot
*

Inception Date
Feb 08 2022
Expense Ratio
1.07%
Type
US Equities
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$43,614
AUM
$26,289,200
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
BLACKROCK TREASURY TRUST INSTL 62
99.83%
n/a
CASH
0.17%
Invest with LETB

What is LETB?

The Fund is an actively managed exchange traded fund that seeks to achieve its investment objective by tactically investing in U.S. exchange listed equity securities, primarily consisting of common stock of large, mid, and small capitalization companies. The Fund typically holds positions in each of these three market capitalizations and the allocation of assets to each individual stock within each market capitalization is typically equal weighted.

ETFs related toLETB

ETFs correlated to LETB include PSCC, BALT, KAPR

LETB
Advisorshares Trust - AdvisorShares Let Bob AI Powered Momentum ETF
PSCC
Invesco Capital Management LLC - Invesco S&P SmallCap Consumer Staples ETF
BALT
Innovator ETFs Trust - Innovator Defined Wealth Shield ETF
KAPR
Innovator ETFs Trust - Innovator U.S. Small Cap Power Buffer ETF - April
JPSE
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Small Cap Equity ETF
FMAT
Fidelity Covington Trust - Fidelity MSCI Materials Index ETF
CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities ETF
RTM
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Materials ETF
SMIG
ETF Series Solutions Trust - AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF
DMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - March
VAW
Vanguard Group, Inc. - Vanguard Materials 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 toLETB

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with LETB using Composer

FAQ

LETB is a US Equities ETF. The Fund is an actively managed exchange traded fund that seeks to achieve its investment objective by tactically investing in U.S. exchange listed equity securities, primarily consisting of common stock of large, mid, and small capitalization companies. The Fund typically holds positions in each of these three market capitalizations and the allocation of assets to each individual stock within each market capitalization is typically equal weighted.

Yes, LETB 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, LETB 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 LETB is 0.0031%. This is the percent change in the value of LETB over the most recent 1-month period. The 3-month return on LETB is 0.0082%. This is the percent change in the value of LETB over the most recent 3-month period.

The standard deviation of LETB for the past year is 0.0241%. 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 LETB include SUSA, IGE, and DSI.

ETFs correlated to LETB include PSCC, BALT, and KAPR.

ETFs that are inversely correlated to LETB include SBB, TWM, and SRTY.

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.