Day Hagan Ned Davis Research Smart Sector ETF
Top 10 Holdings
What is SSUS?
The Fund s investment objective is to seek long-term capital appreciation and preservation of capital. The Fund s investment advisor, Day Hagan Asset Management, LLC (the Advisor ), actively manages the Fund s portfolio using proprietary investment models co-developed with Ned Davis Research ( NDR ). The Fund is considered a fund of funds that, under normal market conditions, seeks to achieve its investment objective by principally investing in unaffiliated equity exchange traded funds ( ETFs ) that track the performance of the individual sectors ( Sectors ) of the S&P 500 Index ( Index ). The Fund will attempt to enhance returns relative to the Index by overweighting and underweighting its exposure to the Sectors relative to the Index and may reduce its overall exposure to ETFs as determined by its risk management model. The Fund utilizes the NDR U.S. Sector Model to determine its allocation to each Sector. The model combines price-based, economic, fundamental and behavioral indicators to form a composite for each Sector. By combining multiple indicators, which historically have been shown to add value in Sector allocation decisions, the model seeks to objectively assess the weight of the evidence and generate sector allocation recommendations.
ETFs related toSSUS
ETFs correlated to SSUS include GAUG, VONE, IWB
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.
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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.