Skip to Content
ETFs

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)
$251,405
AUM
$1,263,660
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CASH AND CASH EQUIVALENTS
100.00%
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 SPLG, SPUU, IYY

RSPY
Collaborative Investment Series Trust - Revere Sector Opportunity ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
VOO
Vanguard Group, Inc. - Vanguard S&P 500 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 toRSPY

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

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 0.043%. This is the percent change in the value of RSPY over the most recent 1-month period. The 3-month return on RSPY is 0.1049%. 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 0.181%. 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 DSI, SUSA, and QCLN.

ETFs correlated to RSPY include SPLG, SPUU, and IYY.

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

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.