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ETFs

Motley Fool Next Index ETF

TMFX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 29 2021
Expense Ratio
0.50%
Type
US Equities
Fund Owner
Motley Fool Asset Management
Volume (1m avg. daily)
$72,845
AUM
$28,846,317
Associated Index
Motley Fool Next Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CPRT
Copart, Inc.
2.66%
TTD
Trade Desk Inc - Ordinary Shares - Class A
2.27%
IT
Gartner, Inc.
1.79%
NDAQ
Nasdaq Inc - Ordinary Shares - 144A
1.79%
GLW
Corning, Inc.
1.72%
HUBS
HubSpot Inc
1.68%
TTWO
Take-Two Interactive Software, Inc.
1.54%
ALNY
Alnylam Pharmaceuticals Inc
1.52%
TSCO
Tractor Supply Co.
1.52%
MKC
McCormick & Co., Inc. - Ordinary Shares (Non Voting)
1.52%
Invest with TMFX

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 VBK, IWP, VXF

TMFX
Rbb Fund Inc - Motley Fool Next Index ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
ISCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Small-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth 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 toTMFX

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with TMFX using Composer

FAQ

TMFX is a US Equities ETF. 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.

TMFX tracks the Motley Fool Next Index.

No, TMFX 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, TMFX 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 TMFX is 0.0543%. This is the percent change in the value of TMFX over the most recent 1-month period. The 3-month return on TMFX is -0.0176%. This is the percent change in the value of TMFX over the most recent 3-month period.

The standard deviation of TMFX for the past year is 0.2756%. 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 TMFX include VYM, FVD, and DVY.

ETFs correlated to TMFX include VBK, IWP, and VXF.

ETFs that are inversely correlated to TMFX include HIBS, TWM, and WEBS.

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.