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ETFs

ConvexityShares 1X SPIKES Futures ETF

SPKX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 16 2022
Expense Ratio
0.65%
Type
US Equities
Fund Owner
ConvexityShares
Volume (1m avg. daily)
$14,300
AUM
$876,490
Associated Index
SPIKES Futures Short-Term Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
100.00%
n/a
Derivatives offset
-99.26%
Invest with SPKX

What is SPKX?

ConvexityShares 1x SPIKES Futures ETF track the SPIKES Futures Short-Term Index. The Fund is not actively managed by traditional methods (e.g., by effecting changes in the composition of a portfolio on the basis of judgments relating to economic, financial and market conditions with a view toward obtaining positive results under all market conditions). Each Fund seeks to remain fully invested at all times in Financial Instruments and money market instruments that, in combination, provide exposure to the Index consistent with its investment objective, even during periods in which the Index is flat or moving in a manner which causes the value of a Fund to decline.

ETFs related toSPKX

ETFs correlated to SPKX include UVIX, UVXY, VIXY

SPKX
ConvexityShares Trust - ConvexityShares 1x SPIKES Futures ETF
UVIX
Volatility Shares Trust - 2x Long VIX Futures ETF
UVXY
ProShares Trust - ProShares Ultra VIX Short-Term Futures ETF 2x Shares
VIXY
ProShares Trust - ProShares VIX Short-Term Futures ETF
VXX
Barclays Bank PLC - iPath? Series B S&P 500? VIX Short-Term FuturesTM ETN
VIXM
ProShares Trust - ProShares VIX Mid-Term Futures ETF
FAZ
Direxion Shares ETF Trust - Direxion Daily Financial Bear 3x Shares
RWM
ProShares Trust - ProShares Short Russell2000 -1x Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x 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 toSPKX

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SPKX using Composer

FAQ

SPKX is a US Equities ETF. ConvexityShares 1x SPIKES Futures ETF track the SPIKES Futures Short-Term Index. The Fund is not actively managed by traditional methods (e.g., by effecting changes in the composition of a portfolio on the basis of judgments relating to economic, financial and market conditions with a view toward obtaining positive results under all market conditions). Each Fund seeks to remain fully invested at all times in Financial Instruments and money market instruments that, in combination, provide exposure to the Index consistent with its investment objective, even during periods in which the Index is flat or moving in a manner which causes the value of a Fund to decline.

SPKX tracks the SPIKES Futures Short-Term Index.

No, SPKX is not actively managed. It is passively 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.

Yes, SPKX is passively 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 SPKX is -0.075%. This is the percent change in the value of SPKX over the most recent 1-month period. The 3-month return on SPKX is -0.1484%. This is the percent change in the value of SPKX over the most recent 3-month period.

The standard deviation of SPKX for the past year is 0.5091%. 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 SPKX include SPKY, QYLD, and DIVO.

ETFs correlated to SPKX include UVIX, UVXY, and VIXY.

ETFs that are inversely correlated to SPKX include SVIX, SVXY, and LGRO.

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.