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ETFs

ASYMmetric Smart Income ETF

MORE
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Today’s Change
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Snapshot
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Inception Date
Feb 01 2023
Expense Ratio
0.75%
Type
US Diversified
Fund Owner
ASYMshares
Volume (1m avg. daily)
$938
AUM
$230,377
Associated Index
ASYMmetric Smart Income Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

PAGP
Plains GP Holdings LP - Ordinary Shares - Class A
4.88%
DTM
DT Midstream Inc
4.81%
OKE
Oneok Inc.
4.80%
TRP
TC Energy Corporation
4.77%
GEI
Gibson Energy Inc
4.70%
ETRN
Equitrans Midstream Corporation
4.69%
TELL
Tellurian Inc
4.68%
LNG
Cheniere Energy Inc.
4.65%
ENB
Enbridge Inc
4.64%
AM
Antero Midstream Corp
4.63%
Invest with MORE

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

MORE
ASYMmetric ETFs Trust - ASYMmetric Smart Income ETF
MLPX
Global X Funds - Global X MLP & Energy Infrastructure ETF
DHS
WisdomTree Trust - WisdomTree U.S. High Dividend Fund
EMLP
First Trust Exchange-Traded Fund III - First Trust North American Energy Infrastructure Fund
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
FDL
First Trust Exchange-Traded Fund III - First Trust Morningstar Dividend Leaders Index Fund
DFUV
Dimensional ETF Trust - Dimensional US Marketwide Value ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
RPG
Invesco Capital Management LLC - Invesco S&P 500 Pure Growth ETF
AVLV
American Century ETF Trust - Avantis U.S. Large Cap Value ETF
DTD
WisdomTree Trust - WisdomTree U.S. Total Dividend Fund

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.

FAQ

MORE is a US Diversified ETF. 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.

MORE tracks the ASYMmetric Smart Income Index.

No, MORE 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, MORE 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 MORE is 0.0229%. This is the percent change in the value of MORE over the most recent 1-month period. The 3-month return on MORE is 0.0113%. This is the percent change in the value of MORE over the most recent 3-month period.

ETFs similar to MORE include AOR, DRSK, and FPEI.

ETFs correlated to MORE include MLPX, DHS, and EMLP.

ETFs that are inversely correlated to MORE include FAZ, DXD, and SDOW.

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.