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ETFs

Akros Monthly Payout ETF

MPAY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 05 2022
Expense Ratio
0.59%
Type
Global Diversified
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$1,790
AUM
$2,460,722
Associated Index
Akros Multi Asset Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

TLT
BlackRock Institutional Trust Company N.A. - iShares 20+ Year Treasury Bond ETF
10.30%
VGLT
Vanguard Group, Inc. - Vanguard Long-Term Treasury ETF
10.29%
BIL
SPDR Series Trust - SPDR Bloomberg 1-3 Month T-Bill ETF
9.81%
SGOV
iShares Trust - iShares 0-3 Month Treasury Bond ETF
9.81%
TFLO
BlackRock Institutional Trust Company N.A. - iShares Treasury Floating Rate Bond ETF
9.79%
SPTL
SSgA Active Trust - SPDR Portfolio Long Term Treasury ETF
5.42%
AAPL
Apple Inc
3.54%
AMZN
Amazon.com Inc.
3.40%
USFR
WisdomTree Trust - WisdomTree Floating Rate Treasury Fund
2.67%
NVDA
NVIDIA Corp
2.58%
Invest with MPAY

What is MPAY?

MPAY takes into consideration the current macroeconomic landscape to represent a portfolio potentially invested across multiple asset. One of the cores of an investment decision is to generate income flow from your current asset. MPAY adopts a policy of monthly distribution payout at the annualized target rate of 7%. It has consistently accomplished the goal of tracking the 7% target distribution yield of the Akros Multi-Asset Index to accommodate for your new potential stream of passive income.

ETFs related toMPAY

ETFs correlated to MPAY include AOK, AOM, SWAN

MPAY
Exchange Listed Funds Trust - Akros Monthly Payout ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
SWAN
Amplify ETF Trust - Amplify BlackSwan Growth & Treasury Core ETF
HNDL
Strategy Shares - Nasdaq 7HANDL Index ETF 1.23x Shares
RPAR
Tidal ETF Trust - RPAR Risk Parity ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
NTSX
WisdomTree Trust - WisdomTree U.S. Efficient Core Fund
AOR
BlackRock Institutional Trust Company N.A. - iShares Core Growth Allocation ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond 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 toMPAY

#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 MPAY using Composer

FAQ

MPAY is a Global Diversified ETF. MPAY takes into consideration the current macroeconomic landscape to represent a portfolio potentially invested across multiple asset. One of the cores of an investment decision is to generate income flow from your current asset. MPAY adopts a policy of monthly distribution payout at the annualized target rate of 7%. It has consistently accomplished the goal of tracking the 7% target distribution yield of the Akros Multi-Asset Index to accommodate for your new potential stream of passive income.

MPAY tracks the Akros Multi Asset Index.

No, MPAY 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, MPAY 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 MPAY is 0.0104%. This is the percent change in the value of MPAY over the most recent 1-month period. The 3-month return on MPAY is 0.017%. This is the percent change in the value of MPAY over the most recent 3-month period.

ETFs similar to MPAY include PSP, PGF, and AMJ.

ETFs correlated to MPAY include AOK, AOM, and SWAN.

ETFs that are inversely correlated to MPAY include SJB, HIBS, and SPDN.

Disclaimers

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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.