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ETFs

NSPY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 28 2022
Expense Ratio
0.55%
Type
US Equities
Fund Owner
NightShares
Volume (1m avg. daily)
$108,114
AUM
$3,707,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
BBLX 6M UST ETF
74.90%
n/a
BBH SWEEP VEHICLE
14.46%
n/a
BBLX 1Y UST ETF
10.64%
n/a
Derivatives offset
-13.25%
Invest with NSPY

What is NSPY?

NightShares 500 ETF seeks to return the night performance of a portfolio of 500 large cap U.S. companies. The night return is measured from the time when the regular daytime trading ends in the U.S. market (the closing) to the time the market is open on the next trading day in the U.S. The Fund is most suitable to investors seeking to gain exposure to the overnight markets.

ETFs related toNSPY

ETFs correlated to NSPY include DFSI, EWD, HYBL

NSPY
Unified Series Trust - NightShares 500 ETF
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
EWD
BlackRock Institutional Trust Company N.A. - iShares MSCI Sweden ETF
HYBL
SSgA Active Trust - SPDR Blackstone High Income ETF
PSP
Invesco Capital Management LLC - Invesco Global Listed Private Equity ETF
DMXF
iShares Trust - iShares ESG Advanced MSCI EAFE ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
EWG
BlackRock Institutional Trust Company N.A. - iShares MSCI Germany ETF
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF
FEZ
SSgA Active Trust - SPDR EURO Stoxx 50 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 toNSPY

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NSPY using Composer

FAQ

NSPY is a US Equities ETF. NightShares 500 ETF seeks to return the night performance of a portfolio of 500 large cap U.S. companies. The night return is measured from the time when the regular daytime trading ends in the U.S. market (the closing) to the time the market is open on the next trading day in the U.S. The Fund is most suitable to investors seeking to gain exposure to the overnight markets.

Yes, NSPY 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, NSPY 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 NSPY is 0.0125%. This is the percent change in the value of NSPY over the most recent 1-month period. The 3-month return on NSPY is 0.0338%. This is the percent change in the value of NSPY over the most recent 3-month period.

The standard deviation of NSPY for the past year is 0.1208%. 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 NSPY include IJH, DIA, and IWM.

ETFs correlated to NSPY include DFSI, EWD, and HYBL.

ETFs that are inversely correlated to NSPY include EPV, EFZ, and SJB.

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.