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ETFs

NKEQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 14 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$30,638
AUM
$438,298
Associated Index
None
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CASH
100.00%
Invest with NKEQ

What is NKEQ?

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

ETFs related toNKEQ

ETFs correlated to NKEQ include HIBS, SPDN, SPXS

NKEQ
Investment Managers Series Trust II - AXS 2X NKE Bear Daily ETF
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
DOG
ProShares Trust - ProShares Short Dow30 -1x Shares
SDOW
ProShares Trust - ProShares UltraPro Short Dow30 -3x Shares
DXD
ProShares Trust - ProShares UltraShort Dow 30-2X Shares
TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares

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 toNKEQ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NKEQ using Composer

FAQ

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

Yes, NKEQ 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, NKEQ 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 NKEQ is 0.2352%. This is the percent change in the value of NKEQ over the most recent 1-month period. The 3-month return on NKEQ is 0.256%. This is the percent change in the value of NKEQ over the most recent 3-month period.

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

ETFs correlated to NKEQ include HIBS, SPDN, and SPXS.

ETFs that are inversely correlated to NKEQ include RSPD, FXD, and DUHP.

Yes, NKEQ is a Inverse (-2x) ETF.

Yes, NKEQ is a Inverse (-2x) leveraged ETF.

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.