Point Bridge America First ETF
Top 10 Holdings
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, FEX, VOE
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.
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SPY minimum drawdown
Create your own algorithmic trading strategy with MAGA using Composer
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.