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ETFs

Revere Sector Opportunity ETF

RSPY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 24 2021
Expense Ratio
1.11%
Type
US Equities
Fund Owner
Revere Wealth Management
Volume (1m avg. daily)
$5,432
AUM
—
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

XLK
SSgA Active Trust - Technology Select Sector SPDR ETF
28.56%
XLV
SSgA Active Trust - Health Care Select Sector SPDR
14.47%
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
10.49%
XLI
SSgA Active Trust - Industrial Select Sector SPDR
10.45%
XLF
SSgA Active Trust - Financial Select Sector SPDR
8.87%
XLP
SSgA Active Trust - Consumer Staples Select Sector SPDR
6.80%
XLC
SSgA Active Trust - Communication Services Select Sector SPDR Fund
6.04%
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund
4.49%
XLU
SSgA Active Trust - Utilities Select Sector SPDR ETF
4.13%
XLB
SSgA Active Trust - Materials Select Sector SPDR
2.57%
Invest with RSPY

What is RSPY?

The Fund is an actively managed exchange traded fund ( ETF ) that will primarily invest in ETFs that represent a sector of the S&P 500 Index ( Sector ETFs ). The adviser delegates execution of the Fund s strategy to the sub-adviser. The sub-adviser invests the Fund s assets based on a proprietary sector selection model. The sub-adviser s model recommends allocations for the Fund s assets among Sector ETFs that each focus on common stocks of companies included in an individual sectors of the S&P 500 Index, as determined by the Global Industry Classification Standard (GICS ). The sub-adviser defines a Sector ETF as an ETF that invests its holdings in companies that are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor s 500 Composite Stock Index. The S&P 500 Index is composed of the following eleven sectors: Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials. Under normal market conditions, the sub-adviser will invest the Fund s assets in all eleven sectors that comprise the S&P 500 Index.

ETFs related toRSPY

ETFs correlated to RSPY include JHML, DFAU, SPLG

RSPY
Collaborative Investment Series Trust - Revere Sector Opportunity ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares

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 toRSPY

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

Category

Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with RSPY using Composer

FAQ

RSPY is a US Equities ETF. The Fund is an actively managed exchange traded fund ( ETF ) that will primarily invest in ETFs that represent a sector of the S&P 500 Index ( Sector ETFs ). The adviser delegates execution of the Fund s strategy to the sub-adviser. The sub-adviser invests the Fund s assets based on a proprietary sector selection model. The sub-adviser s model recommends allocations for the Fund s assets among Sector ETFs that each focus on common stocks of companies included in an individual sectors of the S&P 500 Index, as determined by the Global Industry Classification Standard (GICS ). The sub-adviser defines a Sector ETF as an ETF that invests its holdings in companies that are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor s 500 Composite Stock Index. The S&P 500 Index is composed of the following eleven sectors: Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials. Under normal market conditions, the sub-adviser will invest the Fund s assets in all eleven sectors that comprise the S&P 500 Index.

Yes, RSPY 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, RSPY 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 RSPY is -0.0199%. This is the percent change in the value of RSPY over the most recent 1-month period. The 3-month return on RSPY is 0.0346%. This is the percent change in the value of RSPY over the most recent 3-month period.

The standard deviation of RSPY for the past year is 0.2194%. 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 RSPY include USMV, QUAL, and SPHQ.

ETFs correlated to RSPY include JHML, DFAU, and SPLG.

ETFs that are inversely correlated to RSPY include SDS, SPXS, and SPDN.

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.