Monarch ProCap ETF
Top 10 Holdings
What is MPRO?
The Monarch ProCap ETF (the Fund ) seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Kingsview ProCap Index (the Index ). The Kingsview ProCap Index consists of fixed income and equity allocations that provide broad exposure to the U.S. and global bond markets and to the S&P Global Industry Classification Standard ( GICS ) sectors. The fixed income and equity allocations in the index vary dynamically, but in aggregate represent at least 90% of the Index. The Index may have up to 10% exposure to alternatives including currencies and commodities.
ETFs related toMPRO
ETFs correlated to MPRO include AOM, NTSX, AOR
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.
Opus, Investing for the Long-Term
Create your own algorithmic trading strategy with MPRO using Composer
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.