Day Hagan/Ned Davis Research Smart Sector International ETF
Snapshot*
Top 10 Holdings
What is SSXU?
The Fund's investment advisor, Day Hagan Asset Management, 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 international equity exchange traded funds ("ETFs"). The Fund will attempt to exceed returns of the MSCI ACWI ex USA Index (the "Index") by overweighting and underweighting its exposure to geographic locations relative to the Index and may also invest in geographic regions not represented in the Index. The Fund may reduce its overall exposure to ETFs from time to time as determined by its risk management model, as discussed further below. The Index is a free float-adjusted market capitalization weighted index designed to measure the combined equity market performance of developed and emerging markets countries, excluding the U.S. As of May 31, 2022, the Index consisted of securities of 22 developed countries (excluding the US) and 25 emerging markets countries.
SSXUPerformance Measures**
for the time period Jul 1, 2022 to Aug 5, 2026
1M Trailing Return: 0.7%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 1.0%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -13.9%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 14.5%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.85
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.85
The annualized return divided by the max drawdown for the selected time period.
ETFs related toSSXU
ETFs correlated to SSXU include VEU, VXUS, ACWX
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.
FAQ
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.