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ETFs

ALPS ETF Trust Level Four Large Cap Growth Active ETF

LGRO
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 22, 2023
Expense Ratio
0.55%
Type
US Equities
Fund Owner
ALPS
Volume (1m avg. daily)
$1,741,578
AUM
$55,600,735
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

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Invest with LGRO
Trade LGRO Options

What is LGRO?

The Fund invests primarily in equity securities of carefully selected, high-quality U.S. companies. The Fund invests primarily in the domestic equity securities of companies selected by Level Four Capital Management, LLC for their growth potential within various market sectors. The Fund emphasizes investments in large, seasoned companies. Under normal circumstances, the Fund will invest at least 80% of its net assets in common stocks of large-capitalization companies. For these purposes, "large-capitalization companies" are those that, at the time of investment, have market capitalizations of greater than $10 billion. LGRO invests in high quality growth companies opportunistically when behavioral inefficiencies create a gap between price and intrinsic value.

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

LGRO
Performance Measures**

for the time period Aug 23, 2023 to Dec 4, 2025

Returns

1M Trailing Return: -0.4%

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

3M Trailing Return: 5.1%

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

Measures of Risk or Volatility

Max Drawdown: -23.2%

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

Standard Deviation: 19.9%

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: 1.18

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: 1.03

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

ETFs related toLGRO

ETFs correlated to LGRO include PMAR, IQSU, SUSA

LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
PMAR
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - March
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
SUSA
BlackRock Institutional Trust Company N.A. - MSCI USA ESG Select ETF
DJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - July
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
PJUL
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - July
USPX
Franklin Templeton ETF Trust - Franklin U.S. Equity Index 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

LGRO is a US Equities ETF. The Fund invests primarily in equity securities of carefully selected, high-quality U.S. companies. The Fund invests primarily in the domestic equity securities of companies selected by Level Four Capital Management, LLC for their growth potential within various market sectors. The Fund emphasizes investments in large, seasoned companies. Under normal circumstances, the Fund will invest at least 80% of its net assets in common stocks of large-capitalization companies. For these purposes, "large-capitalization companies" are those that, at the time of investment, have market capitalizations of greater than $10 billion. LGRO invests in high quality growth companies opportunistically when behavioral inefficiencies create a gap between price and intrinsic value.

Yes, LGRO 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, LGRO 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 LGRO is -0.0177%. This is the percent change in the value of LGRO over the most recent 1-month period. The 3-month return on LGRO is %. This is the percent change in the value of LGRO over the most recent 3-month period.

ETFs similar to LGRO include VIG, VYM, and DFAS.

ETFs correlated to LGRO include PMAR, IQSU, and SUSA.

ETFs that are inversely correlated to LGRO include SPXU, 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.