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ETFs

Harbor Multi Asset Explorers ETF

MAPP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 13 2023
Expense Ratio
0.87%
Type
Global Diversified
Fund Owner
Harbor Funds
Volume (1m avg. daily)
—
AUM
$3,435,250
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

IAUF
BlackRock Institutional Trust Company N.A. - iShares Gold Strategy ETF
15.40%
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
13.50%
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
11.50%
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
8.60%
EWJ
BlackRock Institutional Trust Company N.A. - iShares MSCI Japan ETF
6.80%
XLC
SSgA Active Trust - Communication Services Select Sector SPDR Fund
6.10%
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund
6.00%
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
6.00%
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
5.80%
USIG
BlackRock Institutional Trust Company N.A. - iShares Broad USD Investment Grade Corporate Bond ETF
5.10%
Invest with MAPP

What is MAPP?

The Fund invests in Underlying Funds that provide exposure to one or more broad asset classes, such as equities, fixed income securities of any credit quality (including below-investment grade bonds, also known as high-yield bonds or "junk" bonds), real estate investment trusts, commodities, and cash and cash equivalents. The Fund invests, through Underlying Funds, in markets around the world, including both in developed and emerging markets. Managed in-house by Harbor's Multi-Asset Solutions Team, MAPP is the years long culmination of several initiatives that utilizes a proprietary growth (real economic activity), liquidity (money and credit cycle), and inflation (trend growth in prices) framework that defines the current Business Cycle Regime. A layer of bottom-up, fundamental research is added - potentially offering more flexibility and consideration of intangibles than traditional systematic models.

ETFs related toMAPP

ETFs correlated to MAPP include SVIX, AOR, AOA

MAPP
Harbor ETF Trust - Harbor Multi-Asset Explorer ETF
SVIX
Volatility Shares Trust - 1x Short VIX Futures ETF
AOR
BlackRock Institutional Trust Company N.A. - iShares Core Growth Allocation ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
SVXY
ProShares Trust - ProShares Short VIX Short-Term Futures ETF -1x Shares
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
QAI
IndexIQ ETF Trust - IQ Hedge Multi-Strategy Tracker ETF
ROBT
First Trust Exchange-Traded Fund VI - First Trust Nasdaq Artificial Intelligence and Robotics ETF
PDP
Invesco Capital Management LLC - Invesco Dorsey Wright Momentum ETF
BOTZ
Global X Funds - Global X Funds Global X Robotics & Artificial Intelligence 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 toMAPP

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#LSPC

Lever up S&P with a Commodity Hedge

Category

Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Moderate

Create your own algorithmic trading strategy with MAPP using Composer

FAQ

MAPP is a Global Diversified ETF. The Fund invests in Underlying Funds that provide exposure to one or more broad asset classes, such as equities, fixed income securities of any credit quality (including below-investment grade bonds, also known as high-yield bonds or "junk" bonds), real estate investment trusts, commodities, and cash and cash equivalents. The Fund invests, through Underlying Funds, in markets around the world, including both in developed and emerging markets. Managed in-house by Harbor's Multi-Asset Solutions Team, MAPP is the years long culmination of several initiatives that utilizes a proprietary growth (real economic activity), liquidity (money and credit cycle), and inflation (trend growth in prices) framework that defines the current Business Cycle Regime. A layer of bottom-up, fundamental research is added - potentially offering more flexibility and consideration of intangibles than traditional systematic models.

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

ETFs similar to MAPP include DRSK, FPEI, and RLY.

ETFs correlated to MAPP include SVIX, AOR, and AOA.

ETFs that are inversely correlated to MAPP include UVXY, VXX, and UVIX.

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.