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ETFs

ClearShares OCIO ETF

OCIO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 27 2017
Expense Ratio
0.62%
Type
Global Diversified
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$41,448
AUM
$125,530,679
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

OPER
ETF Series Solutions Trust - ClearShares Ultra-Short Maturity ETF
5.17%
FLOT
BlackRock Institutional Trust Company N.A. - iShares Floating Rate Bond ETF
5.08%
VTV
Vanguard Group, Inc. - Vanguard Value ETF
4.88%
USMV
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Min Vol Factor ETF
4.56%
SCHD
Schwab Strategic Trust - Schwab US Dividend Equity ETF
4.54%
BIL
SPDR Series Trust - SPDR Bloomberg 1-3 Month T-Bill ETF
4.33%
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
4.21%
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
4.07%
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx ETF
3.96%
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market ETF
3.76%
Invest with OCIO

What is OCIO?

The Fund is an actively-managed fund of funds and seeks to achieve its objective by investing primarily in other registered investment companies, including other actively-managed exchange-traded funds ( ETFs ) and index-based ETFs (collectively, Underlying Funds ), that provide exposure to a broad range of asset classes. The Underlying Funds may invest in equity securities of U.S. or foreign companies; debt obligations of U.S. or foreign companies or governments; or other investments, such as volatility indexes and managed futures. The Fund allocates its assets across asset classes, industries, geographic regions, and industries, subject to certain diversification and liquidity considerations. The Fund s investments in foreign countries may include exposure to emerging markets.

ETFs related toOCIO

ETFs correlated to OCIO include EQL, JHML, URTH

OCIO
ETF Series Solutions Trust - ClearShares OCIO ETF
EQL
ALPS Fund Services - ALPS Equal Sector Weight ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
AVSU
American Century ETF Trust - Avantis Responsible U.S. Equity ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite 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.

FAQ

OCIO is a Global Diversified ETF. The Fund is an actively-managed fund of funds and seeks to achieve its objective by investing primarily in other registered investment companies, including other actively-managed exchange-traded funds ( ETFs ) and index-based ETFs (collectively, Underlying Funds ), that provide exposure to a broad range of asset classes. The Underlying Funds may invest in equity securities of U.S. or foreign companies; debt obligations of U.S. or foreign companies or governments; or other investments, such as volatility indexes and managed futures. The Fund allocates its assets across asset classes, industries, geographic regions, and industries, subject to certain diversification and liquidity considerations. The Fund s investments in foreign countries may include exposure to emerging markets.

Yes, OCIO 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, OCIO 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 OCIO is 0.0182%. This is the percent change in the value of OCIO over the most recent 1-month period. The 3-month return on OCIO is 0.0278%. This is the percent change in the value of OCIO over the most recent 3-month period.

The standard deviation of OCIO for the past year is 0.1211%. 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 OCIO include AMJ, FPE, and PFF.

ETFs correlated to OCIO include EQL, JHML, and URTH.

ETFs that are inversely correlated to OCIO include SPDN, SPXS, and SDS.

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.