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ETFs

Corbett Road Tactical Opportunity ETF

OPPX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 25, 2021
Expense Ratio
0.78%
Type
US Equities
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$42,128
AUM
$21,154,750
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SHV
BlackRock Institutional Trust Company N.A. - iShares Short Treasury Bond ETF
23.09%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
4.18%
MSFT
Microsoft Corporation
3.35%
AAPL
Apple Inc
2.88%
AMZN
Amazon.com Inc.
2.71%
n/a
CASH & OTHER
2.69%
COST
Costco Wholesale Corp
2.35%
LLY
Lilly(Eli) & Co
2.34%
MA
Mastercard Incorporated - Ordinary Shares - Class A
2.03%
JPM
JPMorgan Chase & Co.
2.01%
Invest with OPPX

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 LGRO, FLQL, JQUA

OPPX
Exchange Listed Funds Trust - Corbett Road Tactical Opportunity ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
FLQL
Franklin Templeton ETF Trust - Franklin U.S. Large Cap Multifactor Index ETF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
PWB
Invesco Capital Management LLC - Invesco Large Cap Growth ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust

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 toOPPX

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with OPPX using Composer

FAQ

OPPX is a US Equities ETF. 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.

Yes, OPPX 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, OPPX 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 OPPX is 0.0052%. This is the percent change in the value of OPPX over the most recent 1-month period. The 3-month return on OPPX is -0.0082%. This is the percent change in the value of OPPX over the most recent 3-month period.

The standard deviation of OPPX for the past year is 0.1152%. 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 OPPX include PKW, VIXY, and XYLD.

ETFs correlated to OPPX include LGRO, FLQL, and JQUA.

ETFs that are inversely correlated to OPPX include SPDN, SH, 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.