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ETFs

Harbor Small Cap Explorer ETF

QWST
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 26 2023
Expense Ratio
0.80%
Type
US Equities
Fund Owner
Harbor Funds
Volume (1m avg. daily)
$11,136
AUM
$10,465,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

FCNCA
First Citizens Bancshares, Inc (NC) - Ordinary Shares - Class A
2.00%
NSP
Insperity Inc
1.90%
EEFT
Euronet Worldwide Inc
1.60%
CWST
Casella Waste Systems, Inc. - Ordinary Shares - Class A
1.60%
LNTH
Lantheus Holdings Inc
1.40%
AL
Air Lease Corp - Ordinary Shares - Class A
1.30%
MGNI
Magnite Inc
1.30%
FTDR
Frontdoor Inc.
1.30%
UHAL/B
U-HAUL HOLDING CO-NON VOTING
1.30%
HLMN
Hillman Solutions Corp
1.20%
Invest with QWST

What is QWST?

The Fund invests primarily in equity securities, principally common stocks of small cap companies. Under normal circumstances, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in securities of small cap companies. The Fund defines small cap companies as those having a market capitalization in the range of the Russell 2500 Index, excluding its largest 250 companies, at the time the Fund purchases the security.

ETFs related toQWST

ETFs correlated to QWST include PRFZ, SCHA, IWM

QWST
Harbor ETF Trust - Harbor Small Cap Explorer ETF
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
KJAN
Innovator ETFs Trust - Innovator U.S. Small Cap Power Buffer ETF - January
SMLF
BlackRock Institutional Trust Company N.A. - iShares U.S. Small-Cap Equity Factor ETF
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 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 toQWST

#IWM

Russell 2000

Category

Benchmarks

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with QWST using Composer

FAQ

QWST is a US Equities ETF. The Fund invests primarily in equity securities, principally common stocks of small cap companies. Under normal circumstances, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in securities of small cap companies. The Fund defines small cap companies as those having a market capitalization in the range of the Russell 2500 Index, excluding its largest 250 companies, at the time the Fund purchases the security.

Yes, QWST 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, QWST 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 QWST is 0.063%. This is the percent change in the value of QWST over the most recent 1-month period. The 3-month return on QWST is %. This is the percent change in the value of QWST over the most recent 3-month period.

ETFs similar to QWST include MDY, IJR, and SPY.

ETFs correlated to QWST include PRFZ, SCHA, and IWM.

ETFs that are inversely correlated to QWST include TZA, SRTY, and TWM.

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.