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ETFs

SmartETFs Advertising & Marketing Technology ETF

MRAD
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 31 2020
Expense Ratio
0.68%
Type
Global Equities
Fund Owner
SmartETFs
Volume (1m avg. daily)
$5,037
AUM
—
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

PERI
Perion Network Ltd.
8.52%
CRTO
Criteo S.A - ADR
5.45%
CRM
Salesforce Inc
5.13%
BIDU
Baidu Inc - ADR
4.89%
HUBS
HubSpot Inc
4.60%
ADBE
Adobe Inc
4.56%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
4.51%
META
Meta Platforms Inc - Ordinary Shares - Class A
4.49%
AMZN
Amazon.com Inc.
4.32%
TTD
Trade Desk Inc - Ordinary Shares - Class A
4.24%
Invest with MRAD

What is MRAD?

Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in publicly-traded equity securities of domestic or foreign companies across multiple sectors that the Adviser considers to be Advertising or Marketing Technology companies, which are companies that have significant exposure to the development, production or deployment of advertising or marketing services, especially in ways that are related to digital media or in ways that make advertising or marketing activities more tailored or efficient in reaching a specific demographic, and which are defined below. Advertising and Marketing Technology are thematic concepts. The Fund is actively managed, meaning that the Adviser will select the Fund s holdings based on its judgment and analysis of a company s activities.

ETFs related toMRAD

ETFs correlated to MRAD include PNQI, FDN, WEBL

MRAD
Guinness Atkinson Funds - SmartETFs Advertising & Marketing Technology ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
FGRO
Fidelity Covington Trust - Fidelity Growth Opportunities ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF
GBUY
Goldman Sachs ETF Trust - Goldman Sachs Future Consumer Equity 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.

FAQ

MRAD is a Global Equities ETF. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in publicly-traded equity securities of domestic or foreign companies across multiple sectors that the Adviser considers to be Advertising or Marketing Technology companies, which are companies that have significant exposure to the development, production or deployment of advertising or marketing services, especially in ways that are related to digital media or in ways that make advertising or marketing activities more tailored or efficient in reaching a specific demographic, and which are defined below. Advertising and Marketing Technology are thematic concepts. The Fund is actively managed, meaning that the Adviser will select the Fund s holdings based on its judgment and analysis of a company s activities.

Yes, MRAD is actively 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.

No, MRAD is not passively managed. It is actively 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 MRAD is -0.0218%. This is the percent change in the value of MRAD over the most recent 1-month period. The 3-month return on MRAD is 0.1295%. This is the percent change in the value of MRAD over the most recent 3-month period.

The standard deviation of MRAD for the past year is 0.3824%. 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 MRAD include IXJ, GDXJ, and IXC.

ETFs correlated to MRAD include PNQI, FDN, and WEBL.

ETFs that are inversely correlated to MRAD include WEBS, HIBS, and BERZ.

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.