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ETFs

Impact Shares NAACP Minority Empowerment ETF

NACP
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jul 17, 2018
Expense Ratio
0.49%
Type
US Equities
Fund Owner
Impact Shares
Volume (1m avg. daily)
$375,743
AUM
$38,133,901
Associated Index
Morningstar Minority Empowerment Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with NACP
Trade NACP Options

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.

1M
3M
6M
YTD
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Max
www.composer.trade

NACP
Performance Measures**

for the time period Jul 19, 2018 to Dec 4, 2025

Returns

1M Trailing Return: 1.8%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 8.9%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -30.9%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 18.9%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.86

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.50

The annualized return divided by the max drawdown for the selected time period.

ETFs related toNACP

ETFs correlated to NACP include GAUG, IWL, MGC

NACP
Impact Shares Trust I - Impact Shares NAACP Minority Empowerment ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 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.

FAQ

NACP is a US Equities ETF. 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.

NACP tracks the Morningstar Minority Empowerment Index.

No, NACP 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, NACP 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 NACP is -0.0098%. This is the percent change in the value of NACP over the most recent 1-month period. The 3-month return on NACP is 0.0129%. This is the percent change in the value of NACP over the most recent 3-month period.

The standard deviation of NACP for the past year is 0.1775%. 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 NACP include SPHQ, DSI, and QUAL.

ETFs correlated to NACP include GAUG, IWL, and MGC.

ETFs that are inversely correlated to NACP include SPDN, SDS, and SH.

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.