Corbett Road Tactical Opportunity ETF
Top 10 Holdings
What is OPPX?
The Fund is an actively-managed exchange-traded fund ( ETF ) that, under normal market conditions, seeks to achieve its investment objective by investing in equity securities of companies listed on a U.S. securities exchange, including common stocks and American Depositary Receipts ( ADRs ). In order to determine the Fund s allocation between (i) equity securities and (ii) cash, cash equivalents, and fixed income ETFs, the Sub-Adviser employs its proprietary MACROCASTTMscoring system. On a periodic basis (at least monthly), the Sub-Adviser analyzes data across six broad categories of market indicators Valuation, Inflation, Technical Analysis, Aggregate Economy, Liquidity, and Sentiment (VITALS) to quantify the current level of risk in overall market conditions into a composite, MACROCASTTM score. Based on the resulting score and its indications for future equity returns, the Sub-Adviser allocates the Fund s assets to (i) U.S.-listed equity securities, (ii) cash, cash equivalents, and fixed income ETFs, or (iii) a combination of both. If the MACROCASTTM score is positive, the Fund will be fully allocated to US listed equity securities. If the MACROCASTTM score is negative, the Fund will reduce its exposure to US equity listed securities and increase its allocation to cash, cash equivalents, and fixed income ETFs. The Fund s strategy may involve frequent buying and selling of securities, which may lead to relatively high portfolio turnover.
ETFs related toOPPX
ETFs correlated to OPPX include GFEB, FLQL, XLSR
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.
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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.