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ETFs

LHA Market State Tactical Beta ETF

MSTB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 30 2020
Expense Ratio
1.21%
Type
US Equities
Fund Owner
Little Harbor Advisors
Volume (1m avg. daily)
$569,349
AUM
$138,026,705
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
67.31%
n/a
UNITED STATES TREAS BILLS 08/03/2023
19.80%
n/a
UNITED STATES TREAS BILLS 08/10/2023
13.06%
n/a
Cash & Other
-0.18%
n/a
Derivatives offset
-27.00%
Invest with MSTB

What is MSTB?

The LHA Market State Tactical Beta ETF (Ticker Symbol: MSTB) seeks long-term out-performance relative to the large-capitalization U.S. equity market. The Fund is an actively-managed exchange-traded fund ( ETF ) and seeks to achieve its objective principally by investing long or short in instruments linked directly or indirectly to the performance and/or volatility of the S&P 500 Index based on models and analyses, described below, that seek to estimate the direction of the S&P 500 Index. Such instruments may include index-based and other actively-managed ETFs and exchange-traded notes ( ETNs ) with long or short exposure to the S&P 500 Index, U.S. Treasury securities, or the VIX Index; securities issued by the U.S. government or its agencies or instrumentalities; and options and futures contracts on the S&P 500 Index or VIX Index. The Fund may also invest the remainder of its portfolio directly or indirectly in cash and cash equivalents.

ETFs related toMSTB

ETFs correlated to MSTB include GAPR, MAYT, USCA

MSTB
ETF Series Solutions Trust - LHA Market State Tactical Beta ETF
GAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - April
MAYT
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer10 May ETF
USCA
DBX ETF Trust - Xtrackers MSCI USA Climate Action Equity ETF
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. 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.

Automated Strategies
Related toMSTB

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with MSTB using Composer

FAQ

MSTB is a US Equities ETF. The LHA Market State Tactical Beta ETF (Ticker Symbol: MSTB) seeks long-term out-performance relative to the large-capitalization U.S. equity market. The Fund is an actively-managed exchange-traded fund ( ETF ) and seeks to achieve its objective principally by investing long or short in instruments linked directly or indirectly to the performance and/or volatility of the S&P 500 Index based on models and analyses, described below, that seek to estimate the direction of the S&P 500 Index. Such instruments may include index-based and other actively-managed ETFs and exchange-traded notes ( ETNs ) with long or short exposure to the S&P 500 Index, U.S. Treasury securities, or the VIX Index; securities issued by the U.S. government or its agencies or instrumentalities; and options and futures contracts on the S&P 500 Index or VIX Index. The Fund may also invest the remainder of its portfolio directly or indirectly in cash and cash equivalents.

Yes, MSTB 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, MSTB 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 MSTB is 0.0023%. This is the percent change in the value of MSTB over the most recent 1-month period. The 3-month return on MSTB is 0.0359%. This is the percent change in the value of MSTB over the most recent 3-month period.

The standard deviation of MSTB for the past year is 0.1764%. 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 MSTB include QYLD, VXX, and DIVO.

ETFs correlated to MSTB include GAPR, MAYT, and USCA.

ETFs that are inversely correlated to MSTB include SPXS, SDS, and SPXU.

Disclaimers

*

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.