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ETFs

Fount Subscription Economy ETF

SUBS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 27 2021
Expense Ratio
0.70%
Type
Global Equities
Fund Owner
Exchange Traded Concepts
Volume (1m avg. daily)
$23,396
AUM
$2,677,500
Associated Index
Fount Subscription Economy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with SUBS

What is SUBS?

The Fount Subscription Economy ETF (SUBS) seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the Fount Subscription Economy Index. The Index was designed to measure the performance of companies engaged in the business of providing subscription services, i.e., companies that sell products or services for recurring subscription revenue. Index uses standard industry classification systems and keywords, the index which underlies the ETF identifies sectors of the economy that are likely to offer subscription services. The index forecasts the 1 year forward revenue from subscription services by using a proprietary artificial intelligence algorithm. Only companies that are expected to derive more than 50% of their revenues from subscriptions are included in the index.

ETFs related toSUBS

ETFs correlated to SUBS include VUG, ILCG, SCHG

SUBS
Exchange Traded Concepts Trust - Fount Subscription Economy ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
JGRO
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Growth 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.

FAQ

SUBS is a Global Equities ETF. The Fount Subscription Economy ETF (SUBS) seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the Fount Subscription Economy Index. The Index was designed to measure the performance of companies engaged in the business of providing subscription services, i.e., companies that sell products or services for recurring subscription revenue. Index uses standard industry classification systems and keywords, the index which underlies the ETF identifies sectors of the economy that are likely to offer subscription services. The index forecasts the 1 year forward revenue from subscription services by using a proprietary artificial intelligence algorithm. Only companies that are expected to derive more than 50% of their revenues from subscriptions are included in the index.

SUBS tracks the Fount Subscription Economy Index.

No, SUBS 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, SUBS 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 SUBS is 0.0151%. This is the percent change in the value of SUBS over the most recent 1-month period. The 3-month return on SUBS is 0.083%. This is the percent change in the value of SUBS over the most recent 3-month period.

The standard deviation of SUBS for the past year is 0.247%. 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 SUBS include IXN, SMH, and KWEB.

ETFs correlated to SUBS include VUG, ILCG, and SCHG.

ETFs that are inversely correlated to SUBS include SQQQ, PSQ, and QID.

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.