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ETFs

NKEL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 14 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$97,114
AUM
$927,891
Associated Index
None
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CASH
100.00%
Invest with NKEL

What is NKEL?

AXS 2X NKE Bull Daily ETF (Nasdaq: NKEL) seeks daily investment results, before fees and expenses, that correspond to 2 times (200%) the daily performance of the common shares of Nike, Inc. (NKE).

ETFs related toNKEL

ETFs correlated to NKEL include RSPD, FXD, DUHP

NKEL
Investment Managers Series Trust II - AXS 2X NKE Bull Daily ETF
RSPD
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Discretionary ETF
FXD
First Trust Exchange-Traded Fund III - First Trust Consumer Discretionary AlphaDEX Fund
DUHP
Dimensional ETF Trust - Dimensional US High Profitability ETF
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat ETF
RXI
BlackRock Institutional Trust Company N.A. - iShares Global Consumer Discretionary ETF
QUAL
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Quality Factor ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI 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 toNKEL

#QUAL

Quality Factor

Category

Benchmarks

Risk Rating

Aggressive

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with NKEL using Composer

FAQ

NKEL is a US Equities ETF. AXS 2X NKE Bull Daily ETF (Nasdaq: NKEL) seeks daily investment results, before fees and expenses, that correspond to 2 times (200%) the daily performance of the common shares of Nike, Inc. (NKE).

Yes, NKEL 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, NKEL 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 NKEL is -0.2146%. This is the percent change in the value of NKEL over the most recent 1-month period. The 3-month return on NKEL is -0.2645%. This is the percent change in the value of NKEL over the most recent 3-month period.

ETFs similar to NKEL include SSO, QID, and SPXL.

ETFs correlated to NKEL include RSPD, FXD, and DUHP.

ETFs that are inversely correlated to NKEL include HIBS, SPXS, and SPDN.

Yes, NKEL is a Leveraged (2x) ETF.

Yes, NKEL is a Leveraged (2x) leveraged ETF.

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.