Strive U.S. Semiconductor ETF
Top 10 Holdings
What is SHOC?
SHOC is a passively managed Exchange Traded Fund (ETF) that seeks broad market exposure to the US semiconductor sector. SHOC offers concentrated exposure to the US semiconductor sector through a cost efficient index product. Through Corporate Governance practices, including voting proxy shares and proactively engaging with management teams and boards, Strive aims to unlock value in the US semiconductor sector by mandating companies to focus on profits over politics. The Solactive United States Semiconductors 30 Capped Index intends to track the performance of the 30 largest US semiconductor companies. The index selects securities based off free float market capitalization subject to a maximum weight for the top 5 index holdings of 7.5% and a maximum index weighting of 4.5% for all other holdings. The index is calculated as a price return index in USD and is reconstituted quarterly.
ETFs related toSHOC
ETFs correlated to SHOC include SOXL, SOXX, SOXQ
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.