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ETFs

Day Hagan Ned Davis Research Smart Sector ETF

SSUS
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 16 2020
Expense Ratio
0.80%
Type
US Equities
Fund Owner
Day Hagan
Volume (1m avg. daily)
$2,252,052
AUM
$537,500,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

XLK
SSgA Active Trust - Technology Select Sector SPDR ETF
27.62%
XLV
SSgA Active Trust - Health Care Select Sector SPDR
16.50%
XLF
SSgA Active Trust - Financial Select Sector SPDR
10.96%
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
8.51%
XLC
SSgA Active Trust - Communication Services Select Sector SPDR Fund
8.23%
XLI
SSgA Active Trust - Industrial Select Sector SPDR
7.73%
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund
5.03%
XLU
SSgA Active Trust - Utilities Select Sector SPDR ETF
4.53%
XLP
SSgA Active Trust - Consumer Staples Select Sector SPDR
4.34%
XLB
SSgA Active Trust - Materials Select Sector SPDR
2.94%
Invest with SSUS

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

SSUS
Strategy Shares - Day Hagan/Ned Davis Research Smart Sector ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
VONE
Vanguard Group, Inc. - Vanguard Russell 1000 Index ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
VV
Vanguard Group, Inc. - Vanguard Large 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 toSSUS

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SSUS using Composer

FAQ

SSUS is a US Equities ETF. 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.

Yes, SSUS 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, SSUS 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 SSUS is -0.0075%. This is the percent change in the value of SSUS over the most recent 1-month period. The 3-month return on SSUS is -0.0023%. This is the percent change in the value of SSUS over the most recent 3-month period.

The standard deviation of SSUS for the past year is 0.158%. 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 SSUS include XLI, XLY, and XLV.

ETFs correlated to SSUS include GAUG, VONE, and IWB.

ETFs that are inversely correlated to SSUS include SH, SPXS, and SDS.

Disclaimers

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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.