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ETFs

Akros Monthly Payout ETF

MPAY
$--
Today’s Change
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Snapshot
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Inception Date
May 05 2022
Expense Ratio
0.57%
Type
Global Diversified
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$10,685
AUM
$2,195,021
Associated Index
Akros Multi Asset Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
10.13%
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
10.13%
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
10.08%
VGSH
Vanguard Group, Inc. - Vanguard Short-Term Treasury ETF
7.74%
NANR
SSgA Active Trust - SPDR S&P North American Natural Resources ETF
7.56%
VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
6.13%
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
5.04%
VNQ
Vanguard Group, Inc. - Vanguard Real Estate Index Fund ETF
4.73%
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
4.08%
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
4.04%
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 XAUG, CVRD, GAUG

MPAY
Exchange Listed Funds Trust - Akros Monthly Payout ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
CVRD
Madison ETFs Trust - Madison Covered Call ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
TJUL
Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2025

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

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 0.0011%. This is the percent change in the value of MPAY over the most recent 1-month period. The 3-month return on MPAY is -0.0029%. This is the percent change in the value of MPAY over the most recent 3-month period.

The standard deviation of MPAY for the past year is 0.0902%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

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

ETFs correlated to MPAY include XAUG, CVRD, and GAUG.

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

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.