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ETFs

American Century U.S. Quality Growth ETF

QGRO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 10 2018
Expense Ratio
0.29%
Type
US Equities
Fund Owner
American Century Investments
Volume (1m avg. daily)
$4,454,116
AUM
$491,052,000
Associated Index
iSTOXX American Century USA Quality Growth Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SNPS
Synopsys, Inc.
3.40%
BKNG
Booking Holdings Inc
3.32%
GOOG
Alphabet Inc - Ordinary Shares - Class C
2.97%
MA
Mastercard Incorporated - Ordinary Shares - Class A
2.74%
FTNT
Fortinet Inc
2.47%
MSFT
Microsoft Corporation
2.22%
MANH
Manhattan Associates, Inc.
2.08%
ADSK
Autodesk Inc.
1.94%
ADBE
Adobe Inc
1.84%
ROL
Rollins, Inc.
1.84%
Invest with QGRO

What is QGRO?

American Century STOXX U.S. Quality Growth ETF seeks to provide more consistent exposure to U.S. growth companies by emphasizing both stable growers as well as high quality, high-growth companies. The Index universe is defined by the STOXX USA 900 Index, which consists of the 900 largest publicly traded U.S. equity securities. The Index is designed to measure the performance of securities in the universe and identify those that exhibit higher growth and quality characteristics relative to their peers. To construct the Index, the index provider first screens the underlying universe and selects securities with higher profitability, return on assets, return on equity, and gross margins. The index provider next calculates a growth score for each security, which is based on sales, earnings, operating income, profitability and cash flows. The index provider then weights securities based on the calculated growth score.

ETFs related toQGRO

ETFs correlated to QGRO include IWP, VOT, NULG

QGRO
American Century ETF Trust - American Century U.S. Quality Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
LRGF
BlackRock Institutional Trust Company N.A. - iShares U.S. Equity Factor 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 toQGRO

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with QGRO using Composer

FAQ

QGRO is a US Equities ETF. American Century STOXX U.S. Quality Growth ETF seeks to provide more consistent exposure to U.S. growth companies by emphasizing both stable growers as well as high quality, high-growth companies. The Index universe is defined by the STOXX USA 900 Index, which consists of the 900 largest publicly traded U.S. equity securities. The Index is designed to measure the performance of securities in the universe and identify those that exhibit higher growth and quality characteristics relative to their peers. To construct the Index, the index provider first screens the underlying universe and selects securities with higher profitability, return on assets, return on equity, and gross margins. The index provider next calculates a growth score for each security, which is based on sales, earnings, operating income, profitability and cash flows. The index provider then weights securities based on the calculated growth score.

QGRO tracks the iSTOXX American Century USA Quality Growth Index.

No, QGRO is not actively managed. It is passively 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.

Yes, QGRO is passively 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 QGRO is 0.0489%. This is the percent change in the value of QGRO over the most recent 1-month period. The 3-month return on QGRO is 0.051%. This is the percent change in the value of QGRO over the most recent 3-month period.

The standard deviation of QGRO for the past year is 0.2482%. 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 QGRO include USMV, PRF, and SUSA.

ETFs correlated to QGRO include IWP, VOT, and NULG.

ETFs that are inversely correlated to QGRO include HIBS, SH, and SPXU.

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.