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ETFs

PUNK
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 27 2022
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
Subversive ETFs
Volume (1m avg. daily)
$3,722
AUM
$906,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.01%
Invest with PUNK

What is PUNK?

The Subversive Metaverse ETF (Ticker: PUNK) is an actively managed fund that invests in globally listed securities that provide services and products that support the infrastructure and applications of the Metaverse. Metaverse describes the next generation of the Internet, which promises creators the ability to build the next chapter of human interaction through immersive experiences in virtual and augmented spaces. A committee of Metaverse experts led by Jon Radoff (Beamble) will analyze the Metaverse Companies, their role in supporting the Metaverse, and their current and future potential to generate profits from the Metaverse. This emerging technological and human advancement requires responsible companies dedicated to the principles of egalitarianism, democracy, sustainability, and facts. Therefore, we believe that Meta Platforms Inc., the parent company to Facebook, is antithetical to those principals and any market cap above zero is a direct assault on liberal democracy and the survival of our planet. For this reason, we intend to include a short position in META (Ticker: FB) which will be limited to 1% of AUM.

ETFs related toPUNK

ETFs correlated to PUNK include TECB, QTEC, XNTK

PUNK
Series Portfolios Trust - Subversive Metaverse ETF
TECB
iShares Trust - iShares U.S. Tech Breakthrough Multisector ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
FDG
American Century ETF Trust - American Century Focused Dynamic 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.

FAQ

PUNK is a Global Equities ETF. The Subversive Metaverse ETF (Ticker: PUNK) is an actively managed fund that invests in globally listed securities that provide services and products that support the infrastructure and applications of the Metaverse. Metaverse describes the next generation of the Internet, which promises creators the ability to build the next chapter of human interaction through immersive experiences in virtual and augmented spaces. A committee of Metaverse experts led by Jon Radoff (Beamble) will analyze the Metaverse Companies, their role in supporting the Metaverse, and their current and future potential to generate profits from the Metaverse. This emerging technological and human advancement requires responsible companies dedicated to the principles of egalitarianism, democracy, sustainability, and facts. Therefore, we believe that Meta Platforms Inc., the parent company to Facebook, is antithetical to those principals and any market cap above zero is a direct assault on liberal democracy and the survival of our planet. For this reason, we intend to include a short position in META (Ticker: FB) which will be limited to 1% of AUM.

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

The standard deviation of PUNK for the past year is 0.257%. 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 PUNK include PBW, IGF, and ICLN.

ETFs correlated to PUNK include TECB, QTEC, and XNTK.

ETFs that are inversely correlated to PUNK include HIBS, BERZ, and QID.

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.