Motley Fool Next Index ETF
Top 10 Holdings
What is TMFX?
The Motley Fool Next Index ETF is designed to be a convenient, cost-effective vehicle for individuals who want exposure to stocks recommended by Motley Fool Analysts. The ETF is based on an index created to track the performance of mid- and small-capitalization U.S. companies that have been recommended by our sister company, The Motley Fool, LLC analysts, and newsletters. The recommendation universe includes all companies domiciled in the United States that are either active recommendations of a newsletter published by TMF or are among the 150 highest rated U.S. companies in TMF analyst opinion database.
ETFs related toTMFX
ETFs correlated to TMFX include IWP, VBK, VOT
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.
Follow the Global Trend
Momentum, Lever Up, Go Global, Diversification
Controlling for Volatility
Getting Defensive, Worried about Inflation?
Create your own algorithmic trading strategy with TMFX using Composer
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.