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ETFs

Fairlead Tactical Sector ETF

TACK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 23 2022
Expense Ratio
0.70%
Type
US Equities
Fund Owner
Fairlead Strategies
Volume (1m avg. daily)
$1,072,719
AUM
$218,846,100
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SPTL
SSgA Active Trust - SPDR Portfolio Long Term Treasury ETF
31.11%
SPTS
SSgA Active Trust - SPDR Portfolio Short Term Treasury ETF
30.23%
GLD
SSgA Active Trust - SPDR Gold Shares ETF
23.17%
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund
11.44%
n/a
US DOLLARS
4.04%
n/a
Derivatives offset
0.00%
Invest with TACK

What is TACK?

The Fund is a diversified actively managed exchange-traded fund (ETF) that under normal circumstances will invest more than 80% of the Fund's net assets in passive domestic equity sector ETFs and ETFs investing respectively in gold and U.S. Treasuries.

ETFs related toTACK

ETFs correlated to TACK include UNIY, RPAR, UTEN

TACK
Capitol Series Trust - Fairlead Tactical Sector ETF
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
RPAR
Tidal ETF Trust - RPAR Risk Parity ETF
UTEN
Rbb Fund Inc - US Treasury 10 Year Note ETF
SWAN
Amplify ETF Trust - Amplify BlackSwan Growth & Treasury Core ETF
FGLD
Franklin Templeton Holdings Trust - Franklin Responsibly Sourced Gold ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
HNDL
Strategy Shares - Nasdaq 7HANDL Index ETF 1.23x Shares
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
CGCP
Capital Group Companies Inc - Capital Group Core Plus Income 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

TACK is a US Equities ETF. The Fund is a diversified actively managed exchange-traded fund (ETF) that under normal circumstances will invest more than 80% of the Fund's net assets in passive domestic equity sector ETFs and ETFs investing respectively in gold and U.S. Treasuries.

Yes, TACK 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, TACK 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 TACK is 0.0373%. This is the percent change in the value of TACK over the most recent 1-month period. The 3-month return on TACK is 0.0248%. This is the percent change in the value of TACK over the most recent 3-month period.

ETFs similar to TACK include PGX, AOR, and AMJ.

ETFs correlated to TACK include UNIY, RPAR, and UTEN.

ETFs that are inversely correlated to TACK include GLL, JDST, and GDXD.

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.