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ETFs

FIS Biblically Responsible Risk Managed ETF

PRAY
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Feb 08 2022
Expense Ratio
0.68%
Type
US Equities
Fund Owner
FIS
Volume (1m avg. daily)
$46,737
AUM
$21,498,246
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
6.87%
NVDA
NVIDIA Corp
2.82%
GFL
GFL Environmental Inc. - Ordinary Shares (Sub Voting)
2.51%
PANW
Palo Alto Networks Inc
2.31%
BKNG
Booking Holdings Inc
2.30%
HUM
Humana Inc.
2.28%
ZBH
Zimmer Biomet Holdings Inc
2.27%
ON
ON Semiconductor Corp.
2.26%
CHE
Chemed Corp.
2.18%
GPK
Graphic Packaging Holding Co
2.17%
Invest with PRAY

What is PRAY?

The FIS Biblically Responsible Risk Managed ETF (NYSE: PRAY) seeks to offer a risk managed approach to investing in companies globally whose business practices align with Christian religious values in an attempt to identify sustainable long-term growth opportunities with a measure of downside protection.

ETFs related toPRAY

ETFs correlated to PRAY include GSEW, IWR, RSP

PRAY
SHP ETF Trust - FIS Biblically Responsible Risk Managed ETF
GSEW
Goldman Sachs ETF Trust - Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund

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.

FAQ

PRAY is a US Equities ETF. The FIS Biblically Responsible Risk Managed ETF (NYSE: PRAY) seeks to offer a risk managed approach to investing in companies globally whose business practices align with Christian religious values in an attempt to identify sustainable long-term growth opportunities with a measure of downside protection.

Yes, PRAY 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, PRAY 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 PRAY is -0.0529%. This is the percent change in the value of PRAY over the most recent 1-month period. The 3-month return on PRAY is 0.0214%. This is the percent change in the value of PRAY over the most recent 3-month period.

The standard deviation of PRAY for the past year is 0.1966%. 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 PRAY include TAN, EFG, and PBW.

ETFs correlated to PRAY include GSEW, IWR, and RSP.

ETFs that are inversely correlated to PRAY include SPDN, SPXU, and SH.

Disclaimers

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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.