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ETFs

Amplify Thematic All-Stars ETF

MVPS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 21 2021
Expense Ratio
0.49%
Type
Global Equities
Fund Owner
Amplify Investments
Volume (1m avg. daily)
$9,957
AUM
$3,828,082
Associated Index
ETF All-Stars Thematic Composite Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with MVPS

What is MVPS?

MVPS is a core thematic ETF investing in the themes and stocks considered most popular as determined by U.S. ETF ownership data. MVPS seeks investment results that correspond generally to the ETF All-Stars Thematic Composite Index. The Index seeks to provide access to the equity securities of a diversified basket of U.S. and non-U.S. companies that are owned by exchange-traded funds ( ETFs ) included in select thematic market segments identified below. The Fund invests in the underlying securities held by the ETFs, which include common stocks and/or depositary receipts. Through the Index methodology described below, the Index seeks to identify the companies (the Thematic ETF All-Stars ) that are among the largest (by assets under management) and most popular (by the number of ETFs that hold the portfolio company) portfolio companies owned by ETFs in the thematic ETF universe. The Index Provider relies on publicly available information to identify companies for inclusion in the Index. The thematic universe includes portfolio companies held by ETFs with strategies seeking to capture investment opportunities in one of the below thematic segments. Each thematic segment is comprised of companies that include thematic sub-groups, as classified by the Index Provider, which further represent the thematic segment.

ETFs related toMVPS

ETFs correlated to MVPS include KOMP, QQQJ, VOT

MVPS
Amplify ETF Trust - Amplify Thematic All-Stars ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
FGRO
Fidelity Covington Trust - Fidelity Growth Opportunities ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares

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

MVPS is a Global Equities ETF. MVPS is a core thematic ETF investing in the themes and stocks considered most popular as determined by U.S. ETF ownership data. MVPS seeks investment results that correspond generally to the ETF All-Stars Thematic Composite Index. The Index seeks to provide access to the equity securities of a diversified basket of U.S. and non-U.S. companies that are owned by exchange-traded funds ( ETFs ) included in select thematic market segments identified below. The Fund invests in the underlying securities held by the ETFs, which include common stocks and/or depositary receipts. Through the Index methodology described below, the Index seeks to identify the companies (the Thematic ETF All-Stars ) that are among the largest (by assets under management) and most popular (by the number of ETFs that hold the portfolio company) portfolio companies owned by ETFs in the thematic ETF universe. The Index Provider relies on publicly available information to identify companies for inclusion in the Index. The thematic universe includes portfolio companies held by ETFs with strategies seeking to capture investment opportunities in one of the below thematic segments. Each thematic segment is comprised of companies that include thematic sub-groups, as classified by the Index Provider, which further represent the thematic segment.

MVPS tracks the ETF All-Stars Thematic Composite Index.

No, MVPS is not actively managed. It is passively 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.

Yes, MVPS is passively 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 MVPS is 0.0106%. This is the percent change in the value of MVPS over the most recent 1-month period. The 3-month return on MVPS is 0.1207%. This is the percent change in the value of MVPS over the most recent 3-month period.

The standard deviation of MVPS for the past year is 0.4067%. 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 MVPS include EFG, TAN, and ARKK.

ETFs correlated to MVPS include KOMP, QQQJ, and VOT.

ETFs that are inversely correlated to MVPS include HIBS, WEBS, and SARK.

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.