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ETFs

PFES
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 14 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$50,519
AUM
$515,878
Associated Index
None
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CASH
100.00%
Invest with PFES

What is PFES?

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

ETFs related toPFES

ETFs correlated to PFES include NVDY, DXD, SDOW

PFES
Investment Managers Series Trust II - AXS 2X PFE Bear Daily ETF
NVDY
Tidal Trust II - YieldMax NVDA Option Income Strategy ETF
DXD
ProShares Trust - ProShares UltraShort Dow 30-2X Shares
SDOW
ProShares Trust - ProShares UltraPro Short Dow30 -3x Shares
DOG
ProShares Trust - ProShares Short Dow30 -1x Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SRS
ProShares Trust - ProShares UltraShort Real Estate -2x Shares

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 toPFES

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PFES using Composer

FAQ

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

Yes, PFES 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, PFES 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 PFES is -0.1283%. This is the percent change in the value of PFES over the most recent 1-month period. The 3-month return on PFES is 0.078%. This is the percent change in the value of PFES over the most recent 3-month period.

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

ETFs correlated to PFES include NVDY, DXD, and SDOW.

ETFs that are inversely correlated to PFES include XLV, CURE, and IYH.

Yes, PFES is a Inverse (-2x) ETF.

Yes, PFES is a Inverse (-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.