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ETFs

McElhenny Sheffield Managed Risk ETF

MSMR
$--
Today’s Change
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Snapshot
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Inception Date
Nov 16 2021
Expense Ratio
0.96%
Type
US Equities
Fund Owner
McElhenny Sheffield
Volume (1m avg. daily)
$90,864
AUM
$35,177,250
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
39.96%
FCOM
Fidelity Covington Trust - Fidelity MSCI Communication Services Index ETF
20.37%
FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology Index ETF
15.15%
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
15.01%
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
9.03%
n/a
Cash & Other
0.48%
Invest with MSMR

What is MSMR?

A tactical investing strategy based on the combination of McElhenny Sheffield s Trend Plus and Sector Rotation strategies. Trend Plus is a rules-based trend following strategy that strives to participate in market upside while avoiding the downside. Sector Rotation is a rules-based momentum strategy that capitalizes on sectors with strong momentum and aims to avoid sectors and markets that exhibit weakness.

ETFs related toMSMR

ETFs correlated to MSMR include USCA, FWD, GAPR

MSMR
ETF Series Solutions Trust - McElhenny Sheffield Managed Risk ETF
USCA
DBX ETF Trust - Xtrackers MSCI USA Climate Action Equity ETF
FWD
AB Active ETFs Inc - AB Disruptors ETF
GAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - April
MAYW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 May ETF
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
QGRW
WisdomTree Trust - WisdomTree U.S. Quality Growth Fund
QQH
Northern Lights Fund Trust III - HCM Defender 100 Index ETF
XMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March
LGH
Northern Lights Fund Trust III - HCM Defender 500 Index ETF
DECW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Dec 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

MSMR is a US Equities ETF. A tactical investing strategy based on the combination of McElhenny Sheffield s Trend Plus and Sector Rotation strategies. Trend Plus is a rules-based trend following strategy that strives to participate in market upside while avoiding the downside. Sector Rotation is a rules-based momentum strategy that capitalizes on sectors with strong momentum and aims to avoid sectors and markets that exhibit weakness.

Yes, MSMR 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, MSMR 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 MSMR is 0.09%. This is the percent change in the value of MSMR over the most recent 1-month period. The 3-month return on MSMR is 0.0853%. This is the percent change in the value of MSMR over the most recent 3-month period.

The standard deviation of MSMR for the past year is 0.0872%. 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 MSMR include PKW, MOAT, and XYLD.

ETFs correlated to MSMR include USCA, FWD, and GAPR.

ETFs that are inversely correlated to MSMR include PSQ, QID, and SQQQ.

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.