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ETFs

Nationwide S&P 500 Risk Managed Income ETF

NSPI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 16 2021
Expense Ratio
0.68%
Type
US Equities
Fund Owner
Nationwide
Volume (1m avg. daily)
$63,797
AUM
$18,664,555
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

AAPL
Apple Inc
7.05%
MSFT
Microsoft Corporation
5.78%
AMZN
Amazon.com Inc.
2.53%
NVDA
NVIDIA Corp
1.82%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
1.74%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
1.69%
TSLA
Tesla Inc
1.54%
GOOG
Alphabet Inc - Ordinary Shares - Class C
1.52%
XOM
Exxon Mobil Corp.
1.39%
UNH
Unitedhealth Group Inc
1.33%
Invest with NSPI

What is NSPI?

An income solution that targets high current income and seeks to provide investors with a measure of downside protection in falling markets and potential for upside participation in rising markets.

ETFs related toNSPI

ETFs correlated to NSPI include GFEB, STRV, PAUG

NSPI
ETF Series Solutions Trust - Nationwide S&P 500 Risk-Managed Income ETF
GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February
STRV
EA Series Trust - Strive 500 ETF
PAUG
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - August
FAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - August
FMAY
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - May
EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
BMAR
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - March
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
FFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - February

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

NSPI is a US Equities ETF. An income solution that targets high current income and seeks to provide investors with a measure of downside protection in falling markets and potential for upside participation in rising markets.

Yes, NSPI 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, NSPI 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 NSPI is -0.0156%. This is the percent change in the value of NSPI over the most recent 1-month period. The 3-month return on NSPI is 0.0319%. This is the percent change in the value of NSPI over the most recent 3-month period.

The standard deviation of NSPI for the past year is 0.1046%. 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 NSPI include HDGE, XYLD, and QYLD.

ETFs correlated to NSPI include GFEB, STRV, and PAUG.

ETFs that are inversely correlated to NSPI include SH, SPDN, and SDS.

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.