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ETFs

ClearShares Piton Intermediate Fixed Income ETF

PIFI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 02 2020
Expense Ratio
0.46%
Type
US Bonds
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$46,355
AUM
$132,823,044
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

FHLN4768896
FEDERAL HOME LOAN BANKS 3.25% 11/16/2028
3.62%
n/a
UNITED STATES TREAS NTS 1.875% 02/15/2032
2.44%
n/a
UNITED STATES TREAS NTS 2.75% 04/30/2027
2.15%
n/a
UNITED STATES TREAS NTS 1% 12/15/2024
2.13%
n/a
UNITED STATES TREAS NTS 1.25% 12/31/2026
2.05%
n/a
TSY INFL IX N/B 0.125% 07/15/2030
2.00%
n/a
FEDERAL NATL MTG ASSN 0.75% 10/08/2027
1.97%
n/a
FEDERAL NATL MTG ASSN 0.625% 04/22/2025
1.92%
n/a
UNITED STATES TREAS NTS 1.375% 11/15/2031
1.87%
n/a
UNITED STATES TREAS NTS 1.125% 08/31/2028
1.80%
Invest with PIFI

What is PIFI?

The Clearshares Piton Intermediate Fixed Income ETF ( PIFI ) is an actively managed portfolio of taxable intermediate-duration bonds. The fund primarily invests in investment -grade corporate bonds, U.S. government agency bonds and U.S. Treasury notes. PIFI focuses on maximizing total-return while delivering conservative goals of income generation, capital preservation, and liquidity.

ETFs related toPIFI

ETFs correlated to PIFI include IEI, VGIT, SCHR

PIFI
Piton Investment Management - ClearShares Piton Intermediate Fixed Income ETF
IEI
BlackRock Institutional Trust Company N.A. - iShares 3-7 Year Treasury Bond ETF
VGIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Treasury ETF
SCHR
Schwab Strategic Trust - Schwab Intermediate-Term U.S. Treasury ETF
IBTI
iShares Trust - iShares iBonds Dec 2028 Term Treasury ETF
SPTI
SPDR Series Trust - SPDR Portfolio Intermediate Term Treasury ETF
GVI
BlackRock Institutional Trust Company N.A. - iShares Intermediate Government/Credit Bond ETF
IBTG
iShares Trust - iShares iBonds Dec 2026 Term Treasury ETF
BIV
Vanguard Group, Inc. - Vanguard Intermediate-Term Bond ETF
BSV
Vanguard Group, Inc. - Vanguard Short-Term Bond ETF
IEF
BlackRock Institutional Trust Company N.A. - iShares 7-10 Year Treasury Bond 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 toPIFI

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PIFI using Composer

FAQ

PIFI is a US Bonds ETF. The Clearshares Piton Intermediate Fixed Income ETF ( PIFI ) is an actively managed portfolio of taxable intermediate-duration bonds. The fund primarily invests in investment -grade corporate bonds, U.S. government agency bonds and U.S. Treasury notes. PIFI focuses on maximizing total-return while delivering conservative goals of income generation, capital preservation, and liquidity.

Yes, PIFI 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, PIFI 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 PIFI is -0.0079%. This is the percent change in the value of PIFI over the most recent 1-month period. The 3-month return on PIFI is 0.02%. This is the percent change in the value of PIFI over the most recent 3-month period.

The standard deviation of PIFI for the past year is 0.0508%. 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 PIFI include FLOT, GSY, and BND.

ETFs correlated to PIFI include IEI, VGIT, and SCHR.

ETFs that are inversely correlated to PIFI include PST, TTT, and TMV.

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.