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ETFs

Kelly Residential & Apartment Real Estate ETF

RESI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 12 2022
Expense Ratio
0.68%
Type
US Equities
Fund Owner
Kelly ETFs
Volume (1m avg. daily)
$8,963
AUM
$540,230
Associated Index
Strategic Residential & Apartment Real Estate Sector Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

INVH
Invitation Homes Inc
8.06%
AVB
Avalonbay Communities Inc.
7.92%
EQR
Equity Residential Properties Trust
7.58%
ESS
Essex Property Trust, Inc.
7.43%
MAA
Mid-America Apartment Communities, Inc.
7.06%
SUI
Sun Communities, Inc.
6.70%
AMH
American Homes 4 Rent - Ordinary Shares - Class A
4.97%
CAR-U
CANADIAN APT PPTY REAL ESTATE TR UNIT
4.60%
IRT
Independence Realty Trust Inc
4.51%
UDR
UDR Inc
4.33%
Invest with RESI

What is RESI?

Kelly Residential & Apartment Real Estate Index seeks to provide total return by tracking a passively managed, concentrated portfolio of companies in the residential & apartment (multifamily) management and operational services industries. Companies are initially identified by industry and sector and are then further reviewed based on operations related to residential & apartment (multifamily) activities.

ETFs related toRESI

ETFs correlated to RESI include REZ, BBRE, RWR

RESI
Kelly Strategic ETF Trust - Kelly Residential & Apartment Real Estate ETF
REZ
BlackRock Institutional Trust Company N.A. - iShares Residential and Multisector Real Estate ETF
BBRE
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders MSCI U.S. REIT ETF
RWR
SPDR Series Trust - SPDR DJ Wilshire REIT ETF
USRT
BlackRock Institutional Trust Company N.A. - iShares Core U.S. REIT ETF
JPRE
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Realty Income ETF
DFAR
Dimensional ETF Trust - Dimensional US Real Estate ETF
VNQ
Vanguard Group, Inc. - Vanguard Real Estate Index Fund ETF
ICF
BlackRock Institutional Trust Company N.A. - iShares Cohen & Steers REIT ETF
FREL
Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
IYR
BlackRock Institutional Trust Company N.A. - iShares U.S. Real Estate 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 toRESI

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with RESI using Composer

FAQ

RESI is a US Equities ETF. Kelly Residential & Apartment Real Estate Index seeks to provide total return by tracking a passively managed, concentrated portfolio of companies in the residential & apartment (multifamily) management and operational services industries. Companies are initially identified by industry and sector and are then further reviewed based on operations related to residential & apartment (multifamily) activities.

RESI tracks the Strategic Residential & Apartment Real Estate Sector Index.

No, RESI 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, RESI 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 RESI is 0.0219%. This is the percent change in the value of RESI over the most recent 1-month period. The 3-month return on RESI is 0.0238%. This is the percent change in the value of RESI over the most recent 3-month period.

The standard deviation of RESI for the past year is 0.247%. 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 RESI include XLV, XLK, and XLU.

ETFs correlated to RESI include REZ, BBRE, and RWR.

ETFs that are inversely correlated to RESI include SRS, DRV, and REK.

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.