Listed Funds Trust Spear Alpha ETF
Top 10 Holdings
What is SPRX?
SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization, Manufacturing Digitalization, Automation & Robotics, Photonics and Additive Manufacturing, Space Exploration, Artificial Intelligence (AI). SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund s investment themes and the ecosystem around them. SPRX invests in both growth , defined as companies with high and underappreciated growth prospects, and value , defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.
ETFs related toSPRX
ETFs correlated to SPRX include THNQ, SKYY, WCLD
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.
Controlling for Volatility
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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.