Impact Shares NAACP Minority Empowerment ETF
Top 10 Holdings
What is NACP?
NACP tracks the Morningstar Minority Empowerment Index, which is designed to provide exposure to US companies with strong racial and ethnic diversity policies in place, empowering employees irrespective of their race or nationality. NACP is designed to provide broad equity market exposure to U.S. Large and Mid-Cap companies that fit the NAACP s vision of good corporate citizens. With NACP, investors may achieve market returns while investing in a way that is consistent with their values.
ETFs related toNACP
ETFs correlated to NACP include GAUG, IWL, MGC
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.
Controlling for Volatility
Getting Defensive, Worried about Inflation?
Follow the Global Trend
Momentum, Lever Up, Go Global, Diversification
Create your own algorithmic trading strategy with NACP using Composer
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.