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ETFs

NOPE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 27 2022
Expense Ratio
1.82%
Type
Global Equities
Fund Owner
Noble-Impact Capital
Volume (1m avg. daily)
$396,502
AUM
$13,134,397
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
99.61%
Invest with NOPE

What is NOPE?

The Fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by purchasing long positions in securities expected to increase in price and/or taking short positions in securities expected to decline in price. The Fund will generally have net exposure ranging from 100% short to 150% long. When the value of the Fund's outstanding short positions is equal to the Fund's net assets, the Fund is 100% short. The Fund's net exposure at any time is the total of the Fund's percentage long holdings (including leverage) less the Percentage of its short holdings.

ETFs related toNOPE

ETFs correlated to NOPE include SARK, WEBS, FNGD

NOPE
Tidal ETF Trust - Noble Absolute Return ETF
SARK
Investment Managers Series Trust II - AXS Short Innovation Daily ETF
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
HDGE
Advisorshares Trust - Ranger Equity Bear -1x Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
TECS
Direxion Shares ETF Trust - Direxion Daily Technology Bear -3X 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.

FAQ

NOPE is a Global Equities ETF. The Fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by purchasing long positions in securities expected to increase in price and/or taking short positions in securities expected to decline in price. The Fund will generally have net exposure ranging from 100% short to 150% long. When the value of the Fund's outstanding short positions is equal to the Fund's net assets, the Fund is 100% short. The Fund's net exposure at any time is the total of the Fund's percentage long holdings (including leverage) less the Percentage of its short holdings.

Yes, NOPE 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, NOPE 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 NOPE is 0.0163%. This is the percent change in the value of NOPE over the most recent 1-month period. The 3-month return on NOPE is -0.1173%. This is the percent change in the value of NOPE over the most recent 3-month period.

ETFs similar to NOPE include DEF, IJUL, and RODM.

ETFs correlated to NOPE include SARK, WEBS, and FNGD.

ETFs that are inversely correlated to NOPE include ARKW, TARK, and ARKK.

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.