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ETFs

PYPT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 14 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$375,247
AUM
$2,006,923
Associated Index
None
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CASH
100.00%
Invest with PYPT

What is PYPT?

AXS 1.5X PYPL Bull Daily ETF (Nasdaq: PYPT) seeks daily investment results, before fees and expenses, that correspond to 1.5 times (150%) the daily performance of the common shares of PayPal Holdings, Inc. (PYPL).

ETFs related toPYPT

ETFs correlated to PYPT include FINX, IPAY, WEBL

PYPT
Investment Managers Series Trust II - AXS 1.5X PYPL Bull Daily ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF
IPAY
ETF Managers Group LLC - ETFMG Prime Mobile Payments ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
CWB
SPDR Series Trust - SPDR Bloomberg Convertible Securities 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 toPYPT

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PYPT using Composer

FAQ

PYPT is a US Equities ETF. AXS 1.5X PYPL Bull Daily ETF (Nasdaq: PYPT) seeks daily investment results, before fees and expenses, that correspond to 1.5 times (150%) the daily performance of the common shares of PayPal Holdings, Inc. (PYPL).

Yes, PYPT 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, PYPT 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 PYPT is -0.2152%. This is the percent change in the value of PYPT over the most recent 1-month period. The 3-month return on PYPT is 0.0054%. This is the percent change in the value of PYPT over the most recent 3-month period.

The standard deviation of PYPT for the past year is 0.6977%. 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 PYPT include PSQ, TNA, and TQQQ.

ETFs correlated to PYPT include FINX, IPAY, and WEBL.

ETFs that are inversely correlated to PYPT include WEBS, SARK, and HIBS.

Yes, PYPT is a Leveraged (1.5x) ETF.

Yes, PYPT is a Leveraged (1.5x) leveraged ETF.

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.