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ETFs

ATAC US Rotation ETF

RORO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 17 2020
Expense Ratio
1.15%
Type
US Diversified
Fund Owner
ATAC Funds
Volume (1m avg. daily)
$49,930
AUM
$10,278,840
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

TLH
BlackRock Institutional Trust Company N.A. - iShares 10-20 Year Treasury Bond ETF
65.52%
ZROZ
Pimco Exchange Traded Fund - PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
34.26%
n/a
Cash & Other
0.22%
Invest with RORO

What is RORO?

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by utilizing a systematic risk management and rules-based strategy to direct its exposure to either (i) U.S. equity securities or (ii) long-duration U.S. Treasury securities depending on the short-term relative price movements of gold as compared to lumber, as described below. The Adviser invests the Fund s assets primarily in one or more ETFs (sometimes referred to in this Prospectus as Underlying ETFs ), or the underlying holdings of such Underlying ETFs, by following the risk-on/risk-off signals from the ATAC Risk-On/Risk-Off Index (the RORO Index ), which is owned and maintained by the Adviser. At the end of each week, the RORO Index observes the short-term relative price movements of gold as compared to lumber. When the price of lumber has outperformed the price of gold ( Risk-On ), the RORO Index will have 130% exposure through one or more Underlying ETFs (or their underlying holdings) that principally invest in a mix of U.S. small-cap and large-cap stocks. When the price of gold has outperformed the price of lumber ( Risk-Off ), the RORO Index will have 100% exposure through one or more Underlying ETFs (or their underlying holdings) that principally invest in long-duration (e.g., 20 years) U.S. Treasury securities. The Fund s selection and individual allocation of Underlying ETFs as a percentage of the Fund s assets attempts to replicate the RORO Index s risk-on and risk-off baskets, as applicable. In addition, the Fund may purchase a security not currently in the RORO Index, including U.S. Treasury securities or U.S. small-cap stocks and U.S. large-cap growth stocks that replicate the Underlying ETFs, when the Adviser believes it is in the best interests of the Fund to do so (e.g., because such purchase would result in cost savings or a potential tax benefit).

ETFs related toRORO

ETFs correlated to RORO include IBDY, PYLD, IGLB

RORO
Tidal ETF Trust - ATAC US Rotation ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
IGLB
BlackRock Institutional Trust Company N.A. - iShares 10 Year Investment Grade Corporate Bond ETF
VCLT
Vanguard Group, Inc. - Vanguard Long-Term Corporate Bond ETF
SPLB
SSgA Active Trust - SPDR Portfolio Long Term Corporate Bond ETF
JMHI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan High Yield Municipal ETF
SPBO
SPDR Series Trust - SPDR Portfolio Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
ILTB
BlackRock Institutional Trust Company N.A. - iShares Core 10+ Year USD Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond 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 toRORO

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with RORO using Composer

FAQ

RORO is a US Diversified ETF. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by utilizing a systematic risk management and rules-based strategy to direct its exposure to either (i) U.S. equity securities or (ii) long-duration U.S. Treasury securities depending on the short-term relative price movements of gold as compared to lumber, as described below. The Adviser invests the Fund s assets primarily in one or more ETFs (sometimes referred to in this Prospectus as Underlying ETFs ), or the underlying holdings of such Underlying ETFs, by following the risk-on/risk-off signals from the ATAC Risk-On/Risk-Off Index (the RORO Index ), which is owned and maintained by the Adviser. At the end of each week, the RORO Index observes the short-term relative price movements of gold as compared to lumber. When the price of lumber has outperformed the price of gold ( Risk-On ), the RORO Index will have 130% exposure through one or more Underlying ETFs (or their underlying holdings) that principally invest in a mix of U.S. small-cap and large-cap stocks. When the price of gold has outperformed the price of lumber ( Risk-Off ), the RORO Index will have 100% exposure through one or more Underlying ETFs (or their underlying holdings) that principally invest in long-duration (e.g., 20 years) U.S. Treasury securities. The Fund s selection and individual allocation of Underlying ETFs as a percentage of the Fund s assets attempts to replicate the RORO Index s risk-on and risk-off baskets, as applicable. In addition, the Fund may purchase a security not currently in the RORO Index, including U.S. Treasury securities or U.S. small-cap stocks and U.S. large-cap growth stocks that replicate the Underlying ETFs, when the Adviser believes it is in the best interests of the Fund to do so (e.g., because such purchase would result in cost savings or a potential tax benefit).

Yes, RORO 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, RORO 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 RORO is -0.0393%. This is the percent change in the value of RORO over the most recent 1-month period. The 3-month return on RORO is -0.0441%. This is the percent change in the value of RORO over the most recent 3-month period.

The standard deviation of RORO for the past year is 0.2213%. 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 RORO include AOR, DRSK, and FPEI.

ETFs correlated to RORO include IBDY, PYLD, and IGLB.

ETFs that are inversely correlated to RORO include TMV, TBF, and TTT.

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.