Top 10 Holdings
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
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.
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.