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NightShares 500 1x/1.5x ETF

NSPL
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 06 2022
Expense Ratio
0.67%
Type
US Equities
Fund Owner
NightShares
Volume (1m avg. daily)
$145,819
AUM
$14,454,250
Associated Index
None
Inverse/Leveraged
Leveraged (1x to 1.5x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
78.40%
XONE
BondBloxx ETF Trust - BondBloxx Bloomberg One Year Target Duration US Treasury ETF
10.54%
n/a
Derivatives offset
-97.10%
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 SSUS, CVLC, LCTU

NSPL
Unified Series Trust - NightShares 500 1x/1.5x ETF
SSUS
Strategy Shares - Day Hagan/Ned Davis Research Smart Sector ETF
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
IQSU
IndexIQ ETF Trust - IQ Candriam ESG U.S. Large Cap Equity ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
FSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -September
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market 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

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

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 -0.0281%. This is the percent change in the value of NSPL over the most recent 1-month period. The 3-month return on NSPL is 0.0026%. This is the percent change in the value of NSPL over the most recent 3-month period.

ETFs similar to NSPL include SPXL, TZA, and QLD.

ETFs correlated to NSPL include SSUS, CVLC, and LCTU.

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

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

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