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Listed Funds Trust Horizon Kinetics Medical ETF

MEDX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 27 2023
Expense Ratio
0.85%
Type
Global Equities
Fund Owner
Horizon Kinetics
Volume (1m avg. daily)
$28,565
AUM
$18,069,256
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

ABBV
Abbvie Inc
6.91%
BMY
Bristol-Myers Squibb Co.
6.88%
LLY
Lilly(Eli) & Co
6.46%
PFE
Pfizer Inc.
6.10%
JNJ
Johnson & Johnson
5.11%
BIIB
Biogen Inc
4.82%
AZN
Astrazeneca plc - ADR
4.80%
NVS
Novartis AG - ADR
4.62%
AMGN
AMGEN Inc.
4.55%
MRK
Merck & Co Inc
4.10%
Invest with MEDX

What is MEDX?

Horizon Kinetics Medical ETF is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective of investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks (such as American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs") and International Depositary Receipts "IDRs")) of U.S. and foreign companies engaged in medical research, pharmaceutical and medical technology industries and related technology industries, generally, with an emphasis toward companies engaged in cancer research and drug development, such as pharmaceutical development companies, surgical and medical instrument manufacturers and developers, pharmaceutical manufacturers, and biotech and medical research companies. These companies derive at least 50% of their revenue from such activities. The Fund also may invest in other ETFs and purchase and write options for hedging purposes and/or direct investment.

ETFs related toMEDX

ETFs correlated to MEDX include BIB, RXL, FHLC

MEDX
Listed Funds Trust - Horizon Kinetics Medical ETF
BIB
ProShares Trust - ProShares Ultra Nasdaq Biotechnology 2X Shares
RXL
ProShares Trust - ProShares Ultra Health Care 2X Shares
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
CURE
Direxion Shares ETF Trust - Direxion Daily Healthcare Bull 3X Shares
XLV
SSgA Active Trust - Health Care Select Sector SPDR
BBH
VanEck ETF Trust - VanEck Biotech ETF
IXJ
BlackRock Institutional Trust Company N.A. - iShares Global Healthcare 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 toMEDX

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with MEDX using Composer

FAQ

MEDX is a Global Equities ETF. Horizon Kinetics Medical ETF is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective of investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks (such as American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs") and International Depositary Receipts "IDRs")) of U.S. and foreign companies engaged in medical research, pharmaceutical and medical technology industries and related technology industries, generally, with an emphasis toward companies engaged in cancer research and drug development, such as pharmaceutical development companies, surgical and medical instrument manufacturers and developers, pharmaceutical manufacturers, and biotech and medical research companies. These companies derive at least 50% of their revenue from such activities. The Fund also may invest in other ETFs and purchase and write options for hedging purposes and/or direct investment.

Yes, MEDX 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, MEDX 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 MEDX is -0.0515%. This is the percent change in the value of MEDX over the most recent 1-month period. The 3-month return on MEDX is %. This is the percent change in the value of MEDX over the most recent 3-month period.

ETFs similar to MEDX include EUFN, GDX, and SMH.

ETFs correlated to MEDX include BIB, RXL, and FHLC.

ETFs that are inversely correlated to MEDX include SDOW, DXD, and DOG.

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.