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ETFs

TrueShares Technology, AI & Deep Learning ETF

LRNZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 02 2020
Expense Ratio
0.69%
Type
US Equities
Fund Owner
TrueShares
Volume (1m avg. daily)
$270,174
AUM
$29,153,700
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
11.46%
NVDA
NVIDIA Corp
7.81%
IOT
Samsara Inc - Ordinary Shares - Class A
6.24%
SNOW
Snowflake Inc - Ordinary Shares - Class A
6.11%
MBLY
Mobileye Global Inc - Ordinary Shares - Class A
5.61%
CRWD
Crowdstrike Holdings Inc - Ordinary Shares - Class A
5.49%
ESTC
Elastic N.V
4.96%
AMD
Advanced Micro Devices Inc.
4.68%
DDOG
Datadog Inc - Ordinary Shares - Class A
4.46%
ZS
Zscaler Inc
4.39%
Invest with LRNZ

What is LRNZ?

LRNZ is an actively-managed exchange-traded fund ( ETF ) that seeks total return by investing in companies that its Sub-Advisor believes have a competitive advantage with respect to the development and utilization of artificial intelligence, machine learning, or other deep learning technologies. Companies within LRNZ reflect the Sub-Advisor s belief that the most significant AI corporate growth or hyper-growth opportunities will develop in one of four areas: Data, Hardware, Algorithms, Sophisticated AI Users (Cloud computing, cyber security, medical research etc.) Portfolio construction also revolves around Black Hill Capital s core philosophy that technology sectors are a winner take all environment and new tech cycles will eventually produce one segment winner .

ETFs related toLRNZ

ETFs correlated to LRNZ include WCLD, SKYY, THNQ

LRNZ
Listed Funds Trust - TrueShares Technology, AI & Deep Learning ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector 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 toLRNZ

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with LRNZ using Composer

FAQ

LRNZ is a US Equities ETF. LRNZ is an actively-managed exchange-traded fund ( ETF ) that seeks total return by investing in companies that its Sub-Advisor believes have a competitive advantage with respect to the development and utilization of artificial intelligence, machine learning, or other deep learning technologies. Companies within LRNZ reflect the Sub-Advisor s belief that the most significant AI corporate growth or hyper-growth opportunities will develop in one of four areas: Data, Hardware, Algorithms, Sophisticated AI Users (Cloud computing, cyber security, medical research etc.) Portfolio construction also revolves around Black Hill Capital s core philosophy that technology sectors are a winner take all environment and new tech cycles will eventually produce one segment winner .

Yes, LRNZ 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, LRNZ 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 LRNZ is -0.0306%. This is the percent change in the value of LRNZ over the most recent 1-month period. The 3-month return on LRNZ is -0.0597%. This is the percent change in the value of LRNZ over the most recent 3-month period.

The standard deviation of LRNZ for the past year is 0.3853%. 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 LRNZ include PRF, DSI, and USMV.

ETFs correlated to LRNZ include WCLD, SKYY, and THNQ.

ETFs that are inversely correlated to LRNZ include WEBS, SARK, and BTAL.

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.