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ETFs

Point Bridge America First ETF

MAGA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 07 2017
Expense Ratio
0.72%
Type
US Equities
Fund Owner
Point Bridge Capital
Volume (1m avg. daily)
$22,306
AUM
$18,296,382
Associated Index
Point Bridge GOP Stock Tracker Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ALL
Allstate Corp (The)
0.77%
AIZ
Assurant Inc
0.76%
TRV
Travelers Companies Inc.
0.76%
CHTR
Charter Communications Inc. - Ordinary Shares - Class A
0.76%
WRB
W.R. Berkley Corp.
0.76%
CSX
CSX Corp.
0.75%
ROL
Rollins, Inc.
0.75%
CB
Chubb Limited
0.75%
AMGN
AMGEN Inc.
0.74%
JBHT
J.B. Hunt Transport Services, Inc.
0.74%
Invest with MAGA

What is MAGA?

The Point Bridge GOP Stock Tracker ETF (the Fund ) seeks to track the performance, before fees and expenses, of the Point Bridge GOP Stock Tracker Index (the Index ). The Index uses an objective, rules-based methodology to track the performance of companies whose employees and political action committees ( PACs ) are highly supportive of Republican candidates for election to the United States Congress, the Vice Presidency, or the Presidency and related Republican Party committees (e.g., Republican National Committee, National Republican Senatorial Committee) and Republican leadership PACs ( non candidate connected committees ). The Index is composed of the common stock of public operating companies and real estate investment trusts ( REITs ). The Index is equally weighted.

ETFs related toMAGA

ETFs correlated to MAGA include IMCV, VOE, JPUS

MAGA
ETF Series Solutions Trust - Point Bridge America First ETF
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
ONEY
SPDR Series Trust - SPDR Russell 1000 Yield Focus ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value 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.

Automated Strategies
Related toMAGA

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Category

Featured, Technology Focus

Risk Rating

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Category

Grow Your Portfolio, Diversification

Risk Rating

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Create your own algorithmic trading strategy with MAGA using Composer

FAQ

MAGA is a US Equities ETF. The Point Bridge GOP Stock Tracker ETF (the Fund ) seeks to track the performance, before fees and expenses, of the Point Bridge GOP Stock Tracker Index (the Index ). The Index uses an objective, rules-based methodology to track the performance of companies whose employees and political action committees ( PACs ) are highly supportive of Republican candidates for election to the United States Congress, the Vice Presidency, or the Presidency and related Republican Party committees (e.g., Republican National Committee, National Republican Senatorial Committee) and Republican leadership PACs ( non candidate connected committees ). The Index is composed of the common stock of public operating companies and real estate investment trusts ( REITs ). The Index is equally weighted.

MAGA tracks the Point Bridge GOP Stock Tracker Index.

No, MAGA is not actively managed. It is passively 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.

Yes, MAGA is passively 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 MAGA is -0.0122%. This is the percent change in the value of MAGA over the most recent 1-month period. The 3-month return on MAGA is 0.016%. This is the percent change in the value of MAGA over the most recent 3-month period.

The standard deviation of MAGA for the past year is 0.1749%. 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 MAGA include IVV, MDY, and IJR.

ETFs correlated to MAGA include IMCV, VOE, and JPUS.

ETFs that are inversely correlated to MAGA include TZA, TWM, and RWM.

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.