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ETFs

ClearShares Ultra-Short Maturity ETF

OPER
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 11 2018
Expense Ratio
0.20%
Type
US Bonds
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$1,995,389
AUM
$256,170,450
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
OPER REPO 4/20/23 5.1% 04/20/2023
21.33%
n/a
OPER REPO 4/20/23 5.1% 04/20/2023
15.62%
n/a
OPER REPO 3/27/23 4.88% 03/27/2023
14.78%
n/a
OPER REPO 3/30/23 4.85% 03/30/2023
11.49%
n/a
OPER REPO 3/30/23 4.87% 03/30/2023
11.49%
n/a
OPER REPO 4/06/23 4.85% 04/06/2023
11.49%
n/a
OPER REPO 4/06/23 4.85% 04/06/2023
7.66%
n/a
OPER REPO 4/24/23 4.84% 04/24/2023
3.83%
n/a
Cash & Other
2.33%
Invest with OPER

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 ).

ETFs related toOPER

ETFs correlated to OPER include BOXX, YEAR, OBIL

OPER
ETF Series Solutions Trust - ClearShares Ultra-Short Maturity ETF
BOXX
EA Series Trust - Alpha Architect 1-3 Month Box ETF
YEAR
AB Active ETFs Inc - AB Ultra Short Income ETF
OBIL
Rbb Fund Inc - US Treasury 12 Month Bill ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
GBIL
Goldman Sachs ETF Trust - Goldman Sachs Access Treasury 0-1 Year ETF
TUA
Simplify Exchange Traded Funds - Simplify Short Term Treasury Futures Strategy ETF
XHLF
BondBloxx ETF Trust - BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
VNLA
Janus Capital Management LLC - Janus Henderson Short Duration Income ETF
BILS
SPDR Series Trust - SPDR Bloomberg 3-12 Month T-Bill ETF
CGSD
Capital Group Fixed Income ETF Trust - Capital Group Short Duration Income 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 toOPER

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

Category

Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with OPER using Composer

FAQ

OPER is a US Bonds ETF. 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 ).

Yes, OPER 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, OPER 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 OPER is 0.0033%. This is the percent change in the value of OPER over the most recent 1-month period. The 3-month return on OPER is 0.011%. This is the percent change in the value of OPER over the most recent 3-month period.

The standard deviation of OPER for the past year is 0.008%. 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 OPER include BIV, MINT, and BLV.

ETFs correlated to OPER include BOXX, YEAR, and OBIL.

ETFs that are inversely correlated to OPER include FPEI, CTA, and VRIG.

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.