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ETFs

PYPS
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Today’s Change
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Snapshot
*

Inception Date
Jul 14 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$46,830
AUM
$599,236
Associated Index
None
Inverse/Leveraged
Inverse (-1.5x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CASH
100.00%
Invest with PYPS

What is PYPS?

AXS 1.5X PYPT Bear Daily ETF (Nasdaq: PYPS) seeks daily investment results, before fees and expenses, that correspond to 1.5 times the inverse of the daily performance of the common shares of PayPal Holdings, Inc. (PYPL).

ETFs related toPYPS

ETFs correlated to PYPS include WEBS, SARK, HIBS

PYPS
Investment Managers Series Trust II - AXS 1.5X PYPL Bear Daily ETF
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
SARK
Investment Managers Series Trust II - AXS Short Innovation Daily ETF
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
HDGE
Advisorshares Trust - Ranger Equity Bear -1x Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X 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 toPYPS

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PYPS using Composer

FAQ

PYPS is a US Equities ETF. AXS 1.5X PYPT Bear Daily ETF (Nasdaq: PYPS) seeks daily investment results, before fees and expenses, that correspond to 1.5 times the inverse of the daily performance of the common shares of PayPal Holdings, Inc. (PYPL).

Yes, PYPS 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, PYPS 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 PYPS is -0.0579%. This is the percent change in the value of PYPS over the most recent 1-month period. The 3-month return on PYPS is 0.1731%. This is the percent change in the value of PYPS over the most recent 3-month period.

ETFs similar to PYPS include SSO, SDS, and SPXL.

ETFs correlated to PYPS include WEBS, SARK, and HIBS.

ETFs that are inversely correlated to PYPS include FINX, IPAY, and PNQI.

Yes, PYPS is a Inverse (-1.5x) ETF.

Yes, PYPS is a Inverse (-1.5x) 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.