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ETFs

PFEL
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Today’s Change
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Snapshot
*

Inception Date
Jul 14 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$93,035
AUM
$606,662
Associated Index
None
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CASH
100.00%
Invest with PFEL

What is PFEL?

AXS 2X PFE Bull Daily ETF (Nasdaq: PFEL) seeks daily investment results, before fees and expenses, that correspond to 2 times (200%) the daily performance of the common shares of Pfizer, Inc. (PFE).

ETFs related toPFEL

ETFs correlated to PFEL include CURE, XLV, PPH

PFEL
Investment Managers Series Trust II - AXS 2X PFE Bull Daily ETF
CURE
Direxion Shares ETF Trust - Direxion Daily Healthcare Bull 3X Shares
XLV
SSgA Active Trust - Health Care Select Sector SPDR
PPH
VanEck ETF Trust - VanEck Pharmaceutical ETF
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF
IXJ
BlackRock Institutional Trust Company N.A. - iShares Global Healthcare ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
PINK
Simplify Exchange Traded Funds - Simplify Health Care ETF
LVHD
Legg Mason ETF Investment Trust - Franklin U.S. Low Volatility High Dividend Index ETF
DJD
Invesco Capital Management LLC - Invesco Dow Jones Industrial Average Dividend 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 toPFEL

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with PFEL using Composer

FAQ

PFEL is a US Equities ETF. AXS 2X PFE Bull Daily ETF (Nasdaq: PFEL) seeks daily investment results, before fees and expenses, that correspond to 2 times (200%) the daily performance of the common shares of Pfizer, Inc. (PFE).

Yes, PFEL 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, PFEL 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 PFEL is 0.1304%. This is the percent change in the value of PFEL over the most recent 1-month period. The 3-month return on PFEL is -0.0937%. This is the percent change in the value of PFEL over the most recent 3-month period.

ETFs similar to PFEL include SSO, QID, and SPXL.

ETFs correlated to PFEL include CURE, XLV, and PPH.

ETFs that are inversely correlated to PFEL include NVDY, DXD, and SDOW.

Yes, PFEL is a Leveraged (2x) ETF.

Yes, PFEL is a Leveraged (2x) leveraged ETF.

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.