Pacer CFRA- Stoval Equal Weight Seasonal Rotation ETF
Top 10 Holdings
What is SZNE?
Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF seeks to track the investment returns of an index that alternates exposure semi-annually to certain sectors in the S&P 500 Equal Weight Index. The Index uses an objective, rules-based methodology to track the performance of a semi-annual rotation of certain sectors within the S&P 500 Equal Weight Index ( EWI ). The S&P 500 EWI is an equal-weighted version of the S&P 500, which measures the performance of the large-cap segment of the U.S. equity market. The S&P 500 EWI includes stocks covering all 11 Global Industry Classification Standard ( GICS ) sectors, six of which are eligible for inclusion in the Index.
ETFs related toSZNE
ETFs correlated to SZNE include SMOT, AVGE, DFSU
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.