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ETFs

ProShares Smart Materials ETF

TINT
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 26 2021
Expense Ratio
0.58%
Type
Global Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$1,633
AUM
$1,536,760
Associated Index
Solactive Smart Materials Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AMAT
Applied Materials Inc.
5.56%
OLED
Universal Display Corp.
5.49%
RPM
RPM International, Inc.
5.30%
SHW
Sherwin-Williams Co.
4.96%
DD
DuPont de Nemours Inc
4.82%
SAN
Sanofi
4.53%
AKE
Arkema
4.50%
6594
Nidec Corporation
4.43%
SIKA
Sika AG - Registered Shares
4.35%
SOLB
Solvay SA - 0.50% BD REDEEM 06/09/2029 EUR 100000
4.32%
Invest with TINT

What is TINT?

The Fund invests in securities comprising the Index and in depositary receipts representing securities of the Index. The Index was designed by Bitwise Index Services, LLC (the Index Sponsor ) to measure the performance of companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele (i.e., the crypto ecosystem). Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in securities of Crypto Innovators.

ETFs related toTINT

ETFs correlated to TINT include AVGE, VT, SPGM

TINT
ProShares Trust - ProShares Smart Materials ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
FMAT
Fidelity Covington Trust - Fidelity MSCI Materials Index ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat ETF
VAW
Vanguard Group, Inc. - Vanguard Materials ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World 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.

Automated Strategies
Related toTINT

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with TINT using Composer

FAQ

TINT is a Global Equities ETF. The Fund invests in securities comprising the Index and in depositary receipts representing securities of the Index. The Index was designed by Bitwise Index Services, LLC (the Index Sponsor ) to measure the performance of companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele (i.e., the crypto ecosystem). Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in securities of Crypto Innovators.

TINT tracks the Solactive Smart Materials Index.

No, TINT 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, TINT 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 TINT is -0.0338%. This is the percent change in the value of TINT over the most recent 1-month period. The 3-month return on TINT is -0.0511%. This is the percent change in the value of TINT over the most recent 3-month period.

The standard deviation of TINT for the past year is 0.2355%. 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 TINT include PBW, IGF, and ARKK.

ETFs correlated to TINT include AVGE, VT, and SPGM.

ETFs that are inversely correlated to TINT include HIBS, EFZ, and TZA.

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.