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ETFs

LHA Market State Alpha Seeker ETF

MSVX
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Today’s Change
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Snapshot
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Inception Date
May 13, 2020
Expense Ratio
1.23%
Type
Global Hedge Fund
Fund Owner
Little Harbor Advisors
Volume (1m avg. daily)
$115,989
AUM
$27,298,010
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS BILLS 03/21/2024
46.47%
n/a
Cash & Other
32.26%
n/a
Derivatives offset
19.97%
n/a
UNITED STATES TREAS BILLS 02/22/2024
18.79%
n/a
UNITED STATES TREAS BILLS 04/18/2024
2.47%
Invest with MSVX

What is MSVX?

The LHA Market State Alpha Seeker ETF (Ticker Symbol: MSVX) seeks to provide positive returns, across multiple market cycles, that are generally not correlated to the US equity or fixed income markets. The fund employs a rules-based risk management approach to make tactical long/short allocations to equity futures & options, VIX futures & options, and ETFs utilizing a rules-based risk management approach. (VIX is the Cboe Volatility Index.)

ETFs related toMSVX

ETFs correlated to MSVX include AMZY, IBDY, PYLD

MSVX
ETF Series Solutions Trust - LHA Market State Alpha Seeker ETF
AMZY
Tidal Trust II - YieldMax AMZN Option Income Strategy ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
TCAF
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Capital Appreciation Equity ETF
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
TJUL
Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2025
BINC
BlackRock ETF Trust II - BlackRock Flexible Income ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
TDSC
Exchange Listed Funds Trust - Cabana Target Drawdown 10 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

MSVX is a Global Hedge Fund ETF. The LHA Market State Alpha Seeker ETF (Ticker Symbol: MSVX) seeks to provide positive returns, across multiple market cycles, that are generally not correlated to the US equity or fixed income markets. The fund employs a rules-based risk management approach to make tactical long/short allocations to equity futures & options, VIX futures & options, and ETFs utilizing a rules-based risk management approach. (VIX is the Cboe Volatility Index.)

Yes, MSVX 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, MSVX 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 MSVX is 0.0013%. This is the percent change in the value of MSVX over the most recent 1-month period. The 3-month return on MSVX is 0.0109%. This is the percent change in the value of MSVX over the most recent 3-month period.

The standard deviation of MSVX for the past year is 0.0593%. 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 MSVX include PFF, PGF, and PGX.

ETFs correlated to MSVX include AMZY, IBDY, and PYLD.

ETFs that are inversely correlated to MSVX include FLRN, FLTR, and FLOT.

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.