ASYMmetric Smart Income ETF
Top 10 Holdings
What is MORE?
ASYMmetric Smart Income ETF (MORE) seeks to track the total return performance, before fees and expenses, of the ASYMmetric Smart Income Index. MORE is designed to generate more income, with less risk. It seeks to generate greater than 2x more income than the S&P 500 over a market cycle. MORE seeks to accomplish these goals by dynamically allocating to high-income-producing asset classes of MLPs, REITs, and Utilities when they are in a bull market and away from them into the relative safety of U.S. Treasuries or the principal security of cash in a bear market. The Index employs a tactical allocation strategy by allocating to (i) high-income equity asset classes, including Master Limited Partnerships ("MLPs"), Real Estate Investment Trusts ("REITs"), and utilities (together, the "Equities"), and (ii) fixed-income securities. When the Index allocates to Equities, the Fund will invest principally in individual securities that provide exposure to MLPs, REITs, and utilities or directly in U.S. equity securities of those asset classes.
ETFs related toMORE
ETFs correlated to MORE include MLPX, DHS, EMLP
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.
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.