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ETFs

Toews Agility Shares Dynamic Tactical Income ETF

THY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 25 2020
Expense Ratio
1.16%
Type
Global Diversified
Fund Owner
Toews Funds
Volume (1m avg. daily)
$161,428
AUM
$32,145,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
16.25%
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
16.25%
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term High Yield Bond ETF
16.25%
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
16.25%
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
16.24%
ANGL
VanEck ETF Trust - VanEck Fallen Angel High Yield Bond ETF
16.23%
n/a
Derivatives offset
0.00%
Invest with THY

What is THY?

Toews Agility Shares Dynamic Tactical Income ETF seeks to provide income. A secondary objective of the fund is to limit risk during unfavorable market conditions. The Fund s adviser seeks to achieve the Fund s investment objectives by investing primarily in exchange traded funds ( ETFs );optionson ETFs, equities and indices; futures and options that invest in or are otherwise exposed to domestic and foreign high-yield debt instruments (also known as junk bonds ), and U.S. or foreign cash equivalents. The Fund may hedge long positions using futures and/or ETFs. The Fund s secondary objective is to limit risk during unfavorable market conditions, and when the adviser determines such conditions exist, the Fund will take a defensive position and/or be allocated 100% to U.S. Treasuries and/or short-term fixed income securities, U.S. or foreign cash or cash equivalents. The Fund may invest in US Treasury bills, notes, and bonds of any duration or length until maturity. The Fund may invest in futures contracts that derive the value from US Treasury bills, notes, and bonds of any duration or length until maturity. The Fund may allocate up to 100% to fixed income ETFs and/or other fixed income securities. This strategy is a tactical market timing strategy in which the portfolio will be allocated 100% to cash, U.S. Treasuries and/or short-term fixed income securities, U.S. or foreign cash or cash equivalents for significant periods of time.

ETFs related toTHY

ETFs correlated to THY include IBDY, PYLD, CGMS

THY
Northern Lights Fund Trust - Toews Agility Shares Dynamic Tactical Income ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term High Yield Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond 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

THY is a Global Diversified ETF. Toews Agility Shares Dynamic Tactical Income ETF seeks to provide income. A secondary objective of the fund is to limit risk during unfavorable market conditions. The Fund s adviser seeks to achieve the Fund s investment objectives by investing primarily in exchange traded funds ( ETFs );optionson ETFs, equities and indices; futures and options that invest in or are otherwise exposed to domestic and foreign high-yield debt instruments (also known as junk bonds ), and U.S. or foreign cash equivalents. The Fund may hedge long positions using futures and/or ETFs. The Fund s secondary objective is to limit risk during unfavorable market conditions, and when the adviser determines such conditions exist, the Fund will take a defensive position and/or be allocated 100% to U.S. Treasuries and/or short-term fixed income securities, U.S. or foreign cash or cash equivalents. The Fund may invest in US Treasury bills, notes, and bonds of any duration or length until maturity. The Fund may invest in futures contracts that derive the value from US Treasury bills, notes, and bonds of any duration or length until maturity. The Fund may allocate up to 100% to fixed income ETFs and/or other fixed income securities. This strategy is a tactical market timing strategy in which the portfolio will be allocated 100% to cash, U.S. Treasuries and/or short-term fixed income securities, U.S. or foreign cash or cash equivalents for significant periods of time.

Yes, THY 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, THY 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 THY is -0.0083%. This is the percent change in the value of THY over the most recent 1-month period. The 3-month return on THY is -0.0026%. This is the percent change in the value of THY over the most recent 3-month period.

The standard deviation of THY for the past year is 0.0659%. 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 THY include AOR, DRSK, and FPEI.

ETFs correlated to THY include IBDY, PYLD, and CGMS.

ETFs that are inversely correlated to THY include SJB, HDGE, and HIBS.

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.