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ETFs

Nationwide Nasdaq-100 Risk-Managed Income ETF

NUSI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 19 2019
Expense Ratio
0.68%
Type
US Equities
Fund Owner
Nationwide
Volume (1m avg. daily)
$1,995,468
AUM
$446,561,450
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

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Invest with NUSI

What is NUSI?

Nationwide Nasdaq-100 Risk-Managed Income ETF seeks current income with downside protection. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective principally by investing in a portfolio of the stocks included in the Nasdaq-100 Index (the Nasdaq-100 or the Reference Index ) and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the Nasdaq-100. The Fund seeks to generate high current income on a monthly basis from a combination of the dividends received from the Fund s equity holdings and the premiums earned from the options collar. The options collar seeks to generate a net-credit, meaning that the premium received from the sale of the call options will be greater than the cost of buying the protective put options. The options collars is intended to reduce the Fund s volatility and provide a measure of downside protection.

ETFs related toNUSI

ETFs correlated to NUSI include CVLC, IGM, JGRO

NUSI
ETF Series Solutions Trust - Nationwide Nasdaq-100 Risk-Managed Income ETF
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
JGRO
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Growth ETF
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
ROM
ProShares Trust - ProShares Ultra Technology 2x 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.

Automated Strategies
Related toNUSI

#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 NUSI using Composer

FAQ

NUSI is a US Equities ETF. Nationwide Nasdaq-100 Risk-Managed Income ETF seeks current income with downside protection. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective principally by investing in a portfolio of the stocks included in the Nasdaq-100 Index (the Nasdaq-100 or the Reference Index ) and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the Nasdaq-100. The Fund seeks to generate high current income on a monthly basis from a combination of the dividends received from the Fund s equity holdings and the premiums earned from the options collar. The options collar seeks to generate a net-credit, meaning that the premium received from the sale of the call options will be greater than the cost of buying the protective put options. The options collars is intended to reduce the Fund s volatility and provide a measure of downside protection.

Yes, NUSI 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, NUSI 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 NUSI is 0.0217%. This is the percent change in the value of NUSI over the most recent 1-month period. The 3-month return on NUSI is 0.0628%. This is the percent change in the value of NUSI over the most recent 3-month period.

The standard deviation of NUSI for the past year is 0.1532%. 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 NUSI include XYLD, PKW, and DIVO.

ETFs correlated to NUSI include CVLC, IGM, and JGRO.

ETFs that are inversely correlated to NUSI include QID, SQQQ, and PSQ.

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.