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ETFs

AdvisorShares Q Dynamic Growth ETF

QPX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 28 2020
Expense Ratio
1.38%
Type
Global Diversified
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$150,762
AUM
$24,816,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
39.36%
XLK
SSgA Active Trust - Technology Select Sector SPDR ETF
31.08%
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
17.73%
GLD
SSgA Active Trust - SPDR Gold Shares ETF
5.91%
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market ETF
3.55%
n/a
FIDELITY INSTL MMKT GOVT 57
1.76%
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
0.47%
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
0.27%
VNQ
Vanguard Group, Inc. - Vanguard Real Estate Index Fund ETF
0.18%
n/a
CASH
-0.32%
Invest with QPX

What is QPX?

The Fund is an actively managed ETF that is a fund of funds. The Fund invests in ETFs representing all asset classes, including, but not limited to, treasury bonds, municipal bonds, investment grade corporate bonds, high-yield U.S. corporate bonds (sometimes referred to as junk bonds ), municipal bonds, U.S. and foreign equities, commodities, and volatility products. These underlying investments may be of any market capitalization, duration, maturity, and quality. The Fund seeks to maximize long-term growth by providing equity-like returns in most normal market conditions except when faced with abnormal levels of implied volatility as measured by QIX, a proprietary implied volatility index owned by ThinkBetter Holdings, LLC, the parent company of ThinkBetter, LLC (the Sub-Advisor ). QIX is a weighted average, computed daily, of implied volatilities of certain large ETFs representing different market sectors. Implied volatility is the market s forecast of the likelihood of changes in a given security s price. The greater a portfolio s volatility, the wider the fluctuations between its high and low prices. In the event of implied volatility, the Fund takes a defensive position and seeks short-term fixed income returns. The Sub-Advisor seeks to achieve the desired results for the Fund by calibrating its portfolio to a tail risk and expected drawdown equivalent to the overall U.S. equity market.

ETFs related toQPX

ETFs correlated to QPX include FTEC, QQQ, VGT

QPX
Advisorshares Trust - AdvisorShares Q Dynamic Growth ETF
FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology Index ETF
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
ROM
ProShares Trust - ProShares Ultra Technology 2x Shares
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index 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 toQPX

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with QPX using Composer

FAQ

QPX is a Global Diversified ETF. The Fund is an actively managed ETF that is a fund of funds. The Fund invests in ETFs representing all asset classes, including, but not limited to, treasury bonds, municipal bonds, investment grade corporate bonds, high-yield U.S. corporate bonds (sometimes referred to as junk bonds ), municipal bonds, U.S. and foreign equities, commodities, and volatility products. These underlying investments may be of any market capitalization, duration, maturity, and quality. The Fund seeks to maximize long-term growth by providing equity-like returns in most normal market conditions except when faced with abnormal levels of implied volatility as measured by QIX, a proprietary implied volatility index owned by ThinkBetter Holdings, LLC, the parent company of ThinkBetter, LLC (the Sub-Advisor ). QIX is a weighted average, computed daily, of implied volatilities of certain large ETFs representing different market sectors. Implied volatility is the market s forecast of the likelihood of changes in a given security s price. The greater a portfolio s volatility, the wider the fluctuations between its high and low prices. In the event of implied volatility, the Fund takes a defensive position and seeks short-term fixed income returns. The Sub-Advisor seeks to achieve the desired results for the Fund by calibrating its portfolio to a tail risk and expected drawdown equivalent to the overall U.S. equity market.

Yes, QPX 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, QPX 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 QPX is 0.0839%. This is the percent change in the value of QPX over the most recent 1-month period. The 3-month return on QPX is 0.168%. This is the percent change in the value of QPX over the most recent 3-month period.

The standard deviation of QPX for the past year is 0.2641%. 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 QPX include YLD, FPEI, and AOR.

ETFs correlated to QPX include FTEC, QQQ, and VGT.

ETFs that are inversely correlated to QPX include QID, SQQQ, and PSQ.

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.