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ETFs

AdvisorShares Psychedelics ETF

PSIL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 15 2021
Expense Ratio
1.00%
Type
Global Equities
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$40,924
AUM
$6,020,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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SEEL
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MNMD
Mind Medicine Inc
4.59%
REUN
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RLMD
Relmada Therapeutics Inc
4.49%
GHRS
GH Research PLC
4.27%
Invest with PSIL

What is PSIL?

The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in (i) securities of companies that derive at least 50% of their net revenue from or devote 50% of their assets to psychedelic drugs and (ii) derivatives that have economic characteristics similar to such securities. The Fund primarily invests in publicly listed life sciences companies focused on psychedelic medicines as well as other companies with activities in the psychedelics business. The Fund invests in exchange-listed equity securities, including common and preferred stock of U.S. and foreign mid, small and micro-capitalization companies, and in total return swaps intended to provide exposure to such companies.

ETFs related toPSIL

ETFs correlated to PSIL include ARKG, GNOM, MJ

PSIL
Advisorshares Trust - AdvisorShares Psychedelics ETF
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
GNOM
Global X Funds - Global X Genomics & Biotechnology ETF
MJ
ETF Managers Group LLC - ETFMG Alternative Harvest ETF
LABU
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares
XBI
SPDR Series Trust - SPDR Biotech ETF
IWC
BlackRock Institutional Trust Company N.A. - iShares Micro-Cap ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth 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 toPSIL

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with PSIL using Composer

FAQ

PSIL is a Global Equities ETF. The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in (i) securities of companies that derive at least 50% of their net revenue from or devote 50% of their assets to psychedelic drugs and (ii) derivatives that have economic characteristics similar to such securities. The Fund primarily invests in publicly listed life sciences companies focused on psychedelic medicines as well as other companies with activities in the psychedelics business. The Fund invests in exchange-listed equity securities, including common and preferred stock of U.S. and foreign mid, small and micro-capitalization companies, and in total return swaps intended to provide exposure to such companies.

Yes, PSIL 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, PSIL 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 PSIL is -0.1886%. This is the percent change in the value of PSIL over the most recent 1-month period. The 3-month return on PSIL is -0.1659%. This is the percent change in the value of PSIL over the most recent 3-month period.

The standard deviation of PSIL for the past year is 0.4789%. 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 PSIL include GDXJ, IXN, and SMH.

ETFs correlated to PSIL include ARKG, GNOM, and MJ.

ETFs that are inversely correlated to PSIL include LABD, BTAL, and SARK.

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.