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ETFs

Soundwatch Hedged Equity ETF

SHDG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 30 2016
Expense Ratio
0.53%
Type
US Equities
Fund Owner
Soundwatch
Volume (1m avg. daily)
$104,669
AUM
$108,004,002
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
91.47%
n/a
Cash & Other
7.88%
n/a
S&P DOW CLL OPT 12/23 4000
0.46%
n/a
CBOE S&P PUT OPT 09/23 4270
0.43%
n/a
CBOE S&P CLL OPT 12/23 4550
0.04%
n/a
CBOE S&P PUT OPT 09/23 3910
-0.03%
n/a
S&P DOW PUT OPT 12/23 4000
-0.05%
n/a
CBOE S&P PUT OPT 12/23 4550
-0.20%
Invest with SHDG

What is SHDG?

The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of equity securities and investments that have economic characteristics similar to equity securities. These equity securities and investments may include U.S. exchange-listed common stocks, equity index futures, and/or exchange-traded funds ("ETFs") that track U.S. large capitalization ("large cap") indices, such as the S&P 500 Index. For purposes of this 80% investment policy, the Adviser will consider the underlying holdings of any ETFs in which the Fund invests. The Fund's investments in derivatives that have economic characteristics similar to equity securities will be valued at mark-to-market for purposes of the 80% policy. On the portfolio, the Fund systematically writes (sells) equity index and/or ETF call options, covered calls, and option spreads to generate additional income. A portion of this income is used to systematically purchase a series of protective equity index and/or ETF put options or put spreads to reduce the negative impact of stock market declines on long-term performance. The Fund's strategy is an "equity strategy," which aims to provide better risk-adjusted returns across market cycles compared to an investment in the benchmark index.

ETFs related toSHDG

ETFs correlated to SHDG include GAUG, GJUL, PJUL

SHDG
Trust For Advised Portfolios - Soundwatch Hedged Equity ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
PJUL
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - July
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
DFUS
Dimensional ETF Trust - Dimensional U.S. Equity 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.

FAQ

SHDG is a US Equities ETF. The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of equity securities and investments that have economic characteristics similar to equity securities. These equity securities and investments may include U.S. exchange-listed common stocks, equity index futures, and/or exchange-traded funds ("ETFs") that track U.S. large capitalization ("large cap") indices, such as the S&P 500 Index. For purposes of this 80% investment policy, the Adviser will consider the underlying holdings of any ETFs in which the Fund invests. The Fund's investments in derivatives that have economic characteristics similar to equity securities will be valued at mark-to-market for purposes of the 80% policy. On the portfolio, the Fund systematically writes (sells) equity index and/or ETF call options, covered calls, and option spreads to generate additional income. A portion of this income is used to systematically purchase a series of protective equity index and/or ETF put options or put spreads to reduce the negative impact of stock market declines on long-term performance. The Fund's strategy is an "equity strategy," which aims to provide better risk-adjusted returns across market cycles compared to an investment in the benchmark index.

Yes, SHDG 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, SHDG 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 SHDG is -0.0148%. This is the percent change in the value of SHDG over the most recent 1-month period. The 3-month return on SHDG is -0.0092%. This is the percent change in the value of SHDG over the most recent 3-month period.

ETFs similar to SHDG include PKW, VIXY, and XYLD.

ETFs correlated to SHDG include GAUG, GJUL, and PJUL.

ETFs that are inversely correlated to SHDG include SH, SDS, and SPXS.

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.