Virtus Newfleet Multi-Sector Bond ETF
Top 10 Holdings
What is NFLT?
Virtus Newfleet Multi-Sector Bond ETF seeks opportunities across all pockets of the global fixed income market, leveraging Newfleet s proven multi-sector approach. The Virtus Newfleet Multi-Sector Bond ETF (Ticker: NFLT) seeks to provide a high level of current income and, secondarily, capital appreciation. While NFLT embraces the virtues of diversification, the lack of formal sector, industry, or country limitations means that the team can express its highest conviction ideas. Unlike many unconstrained funds, however, NFLT does not invest in equities, which can be highly volatile and out-of-sync with bond investors expectations. Because the Fund is benchmark agnostic, Newfleet is not compelled to take risks embedded in the benchmark, such as unwanted exposure to interest rate sensitive sectors or overvalued credits.
ETFs related toNFLT
ETFs correlated to NFLT include PYLD, DIAL, JPIE
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.
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.