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ETFs

SRH U.S. Quality ETF

SRHQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 06 2022
Expense Ratio
0.35%
Type
US Equities
Fund Owner
Paralel Advisors
Volume (1m avg. daily)
$58,527
AUM
$113,056,722
Associated Index
SRH U.S. Quality Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No

Top 10 Holdings

TAP
Molson Coors Beverage Company - Ordinary Shares - Class B
2.14%
AMED
Amedisys Inc.
2.11%
COKE
Coca-Cola Consolidated Inc
2.08%
AVGO
Broadcom Inc
2.07%
OC
Owens Corning
2.05%
TNET
TriNet Group Inc
2.03%
AKAM
Akamai Technologies Inc
1.99%
DELL
Dell Technologies Inc - Ordinary Shares - Class C
1.98%
CACC
Credit Acceptance Corp.
1.97%
EXP
Eagle Materials Inc.
1.90%
Invest with SRHQ

What is SRHQ?

The SRH U.S. Quality ETF (the "Fund") seeks to provide investment results (before fees and expenses) that correspond to the SRH U.S. Quality Index (the "Index"). The Index is designed to track the performance of the stocks of domestic (U.S.) companies that have moderate and consistent revenue growth but do not trade at excessive valuations. Stocks are screened through value, growth, and quality metrics to determine eligibility in the Index. Indexes are unmanaged and one cannot invest directly in an index. Index performance returns do not reflect any management fees, transaction costs or expenses.

ETFs related toSRHQ

ETFs correlated to SRHQ include FLQM, JPME, JPUS

SRHQ
Elevation Series Trust - SRH U.S. Quality ETF
FLQM
Franklin Templeton ETF Trust - Franklin U.S. Mid Cap Multifactor Index ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
CFA
Victory Portfolios II - VictoryShares US 500 Volatility Wtd ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value 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 toSRHQ

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with SRHQ using Composer

FAQ

SRHQ is a US Equities ETF. The SRH U.S. Quality ETF (the "Fund") seeks to provide investment results (before fees and expenses) that correspond to the SRH U.S. Quality Index (the "Index"). The Index is designed to track the performance of the stocks of domestic (U.S.) companies that have moderate and consistent revenue growth but do not trade at excessive valuations. Stocks are screened through value, growth, and quality metrics to determine eligibility in the Index. Indexes are unmanaged and one cannot invest directly in an index. Index performance returns do not reflect any management fees, transaction costs or expenses.

SRHQ tracks the SRH U.S. Quality Index.

No, SRHQ 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, SRHQ 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 SRHQ is 0.0495%. This is the percent change in the value of SRHQ over the most recent 1-month period. The 3-month return on SRHQ is 0.0585%. This is the percent change in the value of SRHQ over the most recent 3-month period.

ETFs similar to SRHQ include VIG, DFAT, and VYM.

ETFs correlated to SRHQ include FLQM, JPME, and JPUS.

ETFs that are inversely correlated to SRHQ include TZA, RWM, and SBB.

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.