Snapshot*
Top 10 Holdings
What is OPER?
The ClearShares OPER ETF (the Fund) is an actively managed portfolio seeking current income by investing in repurchase repo agreements, collateralized by U.S. Government Securities and other fixed income instruments. A repurchase agreement is an agreement under which the Fund acquires a financial instrument (e.g., a security issued by the U.S. government or an agency thereof) from a seller. At the time of purchase, the seller (usually a commercial bank, broker, or dealer) agrees to repurchase the underlying security at a mutually agreed-upon price on a designated future date (normally, the next business day). The securities acquired by the Fund pursuant to repurchase agreement transactions will generally have a total value (including accrued interest earned thereon) in excess of the repurchase agreement s value and will be held by the Fund s custodian until the securities are repurchased. As a result, repurchase agreements may be considered a loan collateralized by securities. The Fund may also invest directly in U.S. government securities, such as U.S. Treasuries and U.S. agency securities, which may include mortgage-backed securities ( MBS ) issued or guaranteed by the U.S. government, federal agencies, or U.S. government sponsored instrumentalities, such as the Government National Mortgage Administration ( Ginnie Mae ), the Federal Housing Administration ( FHA ), the Federal National Mortgage Association ( Fannie Mae ) and the Federal Home Loan Mortgage Corporation ( Freddie Mac ).
OPERPerformance Measures**
for the time period Jul 11, 2018 to Aug 5, 2026
1M Trailing Return: 0.3%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 0.9%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -2.9%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 1.3%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 2.10
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.96
The annualized return divided by the max drawdown for the selected time period.
ETFs related toOPER
ETFs correlated to OPER include PAAA, CLIP, MINT
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
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.