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ETFs

Defiance Digital Revolution ETF

NFTZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 01 2021
Expense Ratio
0.65%
Type
Global Equities
Fund Owner
Defiance ETFs
Volume (1m avg. daily)
$53,106
AUM
—
Associated Index
BITA NFT and Blockchain Select Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.01%
Invest with NFTZ

What is NFTZ?

The Fund uses a passive management (or indexing) approach to track the total return performance, before fees and expenses, of the Index. The Index is a rules-based index that consists of the common stock (or depositary receipts) of companies (i) that earn a majority of their revenue from activities in the blockchain and cryptocurrency ecosystems or (ii) with exposure to the NFT (Non-Fungible Tokens) ecosystem (collectively, Digital Revolution Companies ). The Index may include companies in both developed and emerging markets.

ETFs related toNFTZ

ETFs correlated to NFTZ include BLOK, ARKF, ARKW

NFTZ
ETF Series Solutions Trust - Defiance Digital Revolution ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
MOON
Direxion Shares ETF Trust - Direxion Moonshot Innovators ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics 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

NFTZ is a Global Equities ETF. The Fund uses a passive management (or indexing) approach to track the total return performance, before fees and expenses, of the Index. The Index is a rules-based index that consists of the common stock (or depositary receipts) of companies (i) that earn a majority of their revenue from activities in the blockchain and cryptocurrency ecosystems or (ii) with exposure to the NFT (Non-Fungible Tokens) ecosystem (collectively, Digital Revolution Companies ). The Index may include companies in both developed and emerging markets.

NFTZ tracks the BITA NFT and Blockchain Select Index.

No, NFTZ 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, NFTZ 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 NFTZ is 0.0582%. This is the percent change in the value of NFTZ over the most recent 1-month period. The 3-month return on NFTZ is 0.2686%. This is the percent change in the value of NFTZ over the most recent 3-month period.

The standard deviation of NFTZ for the past year is 0.6404%. 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 NFTZ include PBW, ICLN, and EFV.

ETFs correlated to NFTZ include BLOK, ARKF, and ARKW.

ETFs that are inversely correlated to NFTZ include SARK, HDGE, and WEBS.

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.