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ETFs

NSPL
$--
Today’s Change
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Snapshot
*

Inception Date
Oct 06 2022
Expense Ratio
0.67%
Type
US Equities
Fund Owner
NightShares
Volume (1m avg. daily)
$736,638
AUM
$5,347,500
Associated Index
None
Inverse/Leveraged
Leveraged (1x to 1.5x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US DOLLARS
100.00%
n/a
Derivatives offset
0.00%
Invest with NSPL

What is NSPL?

NightShares 500 1x/1.5x ETF seeks to return the night performance of a portfolio of 500 large cap U.S. companies. Seeks to provide investment results that correspond to 100% (1x) of the performance of a portfolio of 500 U.S. large cap companies during the day and 150% (1.5x) of the portfolio performance at night.

ETFs related toNSPL

ETFs correlated to NSPL include DUBS, XJUL, SSUS

NSPL
Unified Series Trust - NightShares 500 1x/1.5x ETF
DUBS
ETF Series Solutions Trust - Aptus Large Cap Enhanced Yield ETF
XJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - July
SSUS
Strategy Shares - Day Hagan/Ned Davis Research Smart Sector ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
BJUL
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - July
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. 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 toNSPL

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Category

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Risk Rating

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Risk Rating

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Create your own algorithmic trading strategy with NSPL using Composer

FAQ

NSPL is a US Equities ETF. NightShares 500 1x/1.5x ETF seeks to return the night performance of a portfolio of 500 large cap U.S. companies. Seeks to provide investment results that correspond to 100% (1x) of the performance of a portfolio of 500 U.S. large cap companies during the day and 150% (1.5x) of the portfolio performance at night.

Yes, NSPL 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, NSPL 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 NSPL is -0.0019%. This is the percent change in the value of NSPL over the most recent 1-month period. The 3-month return on NSPL is 0.0531%. This is the percent change in the value of NSPL over the most recent 3-month period.

ETFs similar to NSPL include SSO, TNA, and SOXL.

ETFs correlated to NSPL include DUBS, XJUL, and SSUS.

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

Yes, NSPL is a Leveraged (1x to 1.5x) ETF.

Yes, NSPL is a Leveraged (1x to 1.5x) 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.