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ETFs

NIWM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 28 2022
Expense Ratio
0.55%
Type
US Equities
Fund Owner
NightShares
Volume (1m avg. daily)
$42,135
AUM
$1,394,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
BBLX 1Y UST ETF
46.17%
n/a
BBLX 6M UST ETF
40.00%
n/a
BBH SWEEP VEHICLE
13.83%
n/a
Derivatives offset
-17.31%
Invest with NIWM

What is NIWM?

NightShares 2000 ETF seeks to return the night performance of a portfolio of 2000 small cap U.S. companies. The night return is measured from the time when the regular daytime trading ends in the U.S. market (the closing) to the time the market is open on the next trading day in the U.S.

ETFs related toNIWM

ETFs correlated to NIWM include DFSI, PSP, VGK

NIWM
Unified Series Trust - NightShares 2000 ETF
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
PSP
Invesco Capital Management LLC - Invesco Global Listed Private Equity ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
EWD
BlackRock Institutional Trust Company N.A. - iShares MSCI Sweden ETF
EWI
BlackRock Institutional Trust Company N.A. - iShares MSCI Italy 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.

Automated Strategies
Related toNIWM

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

#BTD

Buy the Dips: Nasdaq 100

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Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NIWM using Composer

FAQ

NIWM is a US Equities ETF. NightShares 2000 ETF seeks to return the night performance of a portfolio of 2000 small cap U.S. companies. The night return is measured from the time when the regular daytime trading ends in the U.S. market (the closing) to the time the market is open on the next trading day in the U.S.

Yes, NIWM is actively 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.

No, NIWM is not passively managed. It is actively 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 NIWM is 0.0202%. This is the percent change in the value of NIWM over the most recent 1-month period. The 3-month return on NIWM is 0.0292%. This is the percent change in the value of NIWM over the most recent 3-month period.

The standard deviation of NIWM for the past year is 0.1402%. 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 NIWM include IJH, DIA, and IWM.

ETFs correlated to NIWM include DFSI, PSP, and VGK.

ETFs that are inversely correlated to NIWM include EPV, EFZ, and SJB.

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.