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ETFs

Royce Quant Small-Cap Quality Value ETF

SQLV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 12 2017
Expense Ratio
0.61%
Type
US Equities
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$320,553
AUM
$27,136,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

JXN
Jackson Financial Inc - Ordinary Shares - Class A
1.11%
GNW
Genworth Financial Inc - Ordinary Shares - Class A
1.00%
GPI
Group 1 Automotive, Inc.
0.90%
TMHC
Taylor Morrison Home Corp.
0.88%
WAL
Western Alliance Bancorp
0.82%
ATKR
Atkore Inc
0.82%
ABG
Asbury Automotive Group Inc
0.82%
EVR
Evercore Inc - Ordinary Shares - Class A
0.80%
KTB
Kontoor Brands Inc
0.73%
VGR
Vector Group Ltd
0.73%
Invest with SQLV

What is SQLV?

SQLV is designed for investors seeking growth of capital through strategic multi-factor, small-cap exposure. The fund primarily invests in equity securities of small-capitalization companies that are traded in the United States and meet certain criteria using a proprietary methodology created by the fund's subadviser, Royce & Associates, On May 10, the Legg Mason Small Cap Quality Value ETF (SQLV) dropped the Royce Small-Cap Quality Value Index to become actively managed and change its name to the Royce Quant Small Cap Quality Value ETF.

ETFs related toSQLV

ETFs correlated to SQLV include AVSC, EES, SPSM

SQLV
Legg Mason ETF Investment Trust - Royce Quant Small-Cap Quality Value ETF
AVSC
American Century ETF Trust - Avantis U.S Small Cap Equity ETF
EES
WisdomTree Trust - WisdomTree U.S. SmallCap Fund
SPSM
SSgA Active Trust - SPDR Portfolio S&P 600 Small Cap ETF
SLY
SPDR Series Trust - SPDR S&P 600 Small Cap ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap 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.

Automated Strategies
Related toSQLV

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with SQLV using Composer

FAQ

SQLV is a US Equities ETF. SQLV is designed for investors seeking growth of capital through strategic multi-factor, small-cap exposure. The fund primarily invests in equity securities of small-capitalization companies that are traded in the United States and meet certain criteria using a proprietary methodology created by the fund's subadviser, Royce & Associates, On May 10, the Legg Mason Small Cap Quality Value ETF (SQLV) dropped the Royce Small-Cap Quality Value Index to become actively managed and change its name to the Royce Quant Small Cap Quality Value ETF.

Yes, SQLV 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, SQLV 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 SQLV is -0.1006%. This is the percent change in the value of SQLV over the most recent 1-month period. The 3-month return on SQLV is -0.0084%. This is the percent change in the value of SQLV over the most recent 3-month period.

The standard deviation of SQLV for the past year is 0.2565%. 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 SQLV include SPHQ, QUAL, and SUSA.

ETFs correlated to SQLV include AVSC, EES, and SPSM.

ETFs that are inversely correlated to SQLV include TZA, SRTY, and TWM.

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.