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ETFs

Qraft AI-Enhanced US Next Value ETF

NVQ
$--
Today’s Change
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Snapshot
*

Inception Date
Dec 02 2020
Expense Ratio
0.75%
Type
US Equities
Fund Owner
Qraft Technologies
Volume (1m avg. daily)
$31,787
AUM
$5,096,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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CVS Health Corp
7.89%
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Cigna Group (The)
6.75%
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Metlife Inc
4.16%
MPC
Marathon Petroleum Corp
3.78%
AIG
American International Group Inc
3.53%
PRU
Prudential Financial Inc.
3.23%
ET
ENERGY TRANSFER LP
2.86%
WBA
Walgreens Boots Alliance Inc
2.54%
IVZ
Invesco Ltd
2.26%
CNC
Centene Corp.
2.22%
Invest with NVQ

What is NVQ?

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by utilizing a value investing strategy enhanced by the use of artificial intelligence, as described below. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amounts of any borrowings for investment purposes, in securities of U.S.-listed companies. The Fund generally will invest in U.S.-listed companies having a market capitalization of at least $1 billion at the time of purchase (the Universe ). The Fund will invest in the common stock of such companies. The Fund s adviser, Exchange Traded Concepts, LLC (the Adviser ), uses an investment process based on a proprietary artificial intelligence security selection process that extracts patterns from analyzing data, as discussed below, developed by QRAFT Technologies, Inc. ( Qraft ). In pursuing the Fund s investment objective, the Adviser consults a database generated by Qraft s AI Quantitative Investment System ( AQUA ). Qraft created AQUA to automatically evaluate and filter data according to parameters supporting a particular investment thesis.

ETFs related toNVQ

ETFs correlated to NVQ include VFVA, DON, SPVU

NVQ
Exchange Listed Funds Trust - QRAFT AI-Enhanced U.S. Next Value ETF
VFVA
Vanguard Group, Inc. - Vanguard U.S. Value Factor ETF
DON
WisdomTree Trust - WisdomTree U.S. MidCap Dividend Fund
SPVU
Invesco Capital Management LLC - Invesco S&P 500 Enhanced Value ETF
RPV
Invesco Capital Management LLC - Invesco S&P 500 Pure Value ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
DFUV
Dimensional ETF Trust - Dimensional US Marketwide Value ETF
DFAT
Dimensional ETF Trust - Dimensional U.S. Targeted Value ETF
USMF
WisdomTree Trust - WisdomTree U.S. Multifactor Fund

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 toNVQ

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with NVQ using Composer

FAQ

NVQ is a US Equities ETF. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by utilizing a value investing strategy enhanced by the use of artificial intelligence, as described below. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amounts of any borrowings for investment purposes, in securities of U.S.-listed companies. The Fund generally will invest in U.S.-listed companies having a market capitalization of at least $1 billion at the time of purchase (the Universe ). The Fund will invest in the common stock of such companies. The Fund s adviser, Exchange Traded Concepts, LLC (the Adviser ), uses an investment process based on a proprietary artificial intelligence security selection process that extracts patterns from analyzing data, as discussed below, developed by QRAFT Technologies, Inc. ( Qraft ). In pursuing the Fund s investment objective, the Adviser consults a database generated by Qraft s AI Quantitative Investment System ( AQUA ). Qraft created AQUA to automatically evaluate and filter data according to parameters supporting a particular investment thesis.

Yes, NVQ 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, NVQ 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 NVQ is -0.1098%. This is the percent change in the value of NVQ over the most recent 1-month period. The 3-month return on NVQ is -0.0716%. This is the percent change in the value of NVQ over the most recent 3-month period.

The standard deviation of NVQ for the past year is 0.2237%. 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 NVQ include SPHQ, QUAL, and SUSA.

ETFs correlated to NVQ include VFVA, DON, and SPVU.

ETFs that are inversely correlated to NVQ include SKF, FAZ, and SEF.

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.