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SWEB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 02 2022
Expense Ratio
0.95%
Type
Global Ex. US Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$14,054
AUM
$999,070
Associated Index
None
Inverse/Leveraged
Inverse (-1)
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
CASH
100.00%
Invest with SWEB

What is SWEB?

SWEB pursues a daily investment objective that is inverse to the performance of the KraneShares CSI China Internet ETF, a result opposite of most mutual funds and exchange-traded funds.

ETFs related toSWEB

ETFs correlated to SWEB include YANG, EDZ, FNGD

SWEB
Investment Managers Series Trust II - AXS Short China Internet ETF
YANG
Direxion Shares ETF Trust - Direxion Daily FTSE China Bear -3X Shares
EDZ
Direxion Shares ETF Trust - Direxion Daily MSCI Emerging Markets Bear -3x Shares
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
EFZ
ProShares Trust - ProShares Short MSCI EAFE -1X Shares
SARK
Investment Managers Series Trust II - AXS Short Innovation Daily ETF
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
EPV
ProShares Trust - ProShares UltraShort FTSE Europe -2X Shares
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares

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 toSWEB

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SWEB using Composer

FAQ

SWEB is a Global Ex. US Equities ETF. SWEB pursues a daily investment objective that is inverse to the performance of the KraneShares CSI China Internet ETF, a result opposite of most mutual funds and exchange-traded funds.

Yes, SWEB 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, SWEB 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 SWEB is -0.0416%. This is the percent change in the value of SWEB over the most recent 1-month period. The 3-month return on SWEB is 0.0119%. This is the percent change in the value of SWEB over the most recent 3-month period.

The standard deviation of SWEB for the past year is 0.508%. 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 SWEB include SSO, SDS, and QID.

ETFs correlated to SWEB include YANG, EDZ, and FNGD.

ETFs that are inversely correlated to SWEB include CWEB, KWEB, and PGJ.

Yes, SWEB is a Inverse (-1) ETF.

Yes, SWEB is a Inverse (-1) leveraged ETF.

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.