Timothy Plan Market Neutral ETF
Top 10 Holdings
What is TPMN?
Timothy Plan's Market Neutral ETF is an exchange-traded fund that employs a propriety market-neutral investment strategy designed to seek income from its investments while maintaining a low correlation to the foreign and domestic equity and bond markets. The fund seeks to generate income from equities without equity volatility. It is designed to be an innovative solution to income generation in a low-rate environment, as well as an alternative income stream to fixed income. The Fund (or index) uses a multi-strategy approach. First, it seeks income from long positions in foreign and domestic dividend-producing equity securities of any market capitalization size. Second, the fund seeds to offset market risk by selling short high-correlating equity index futures contracts, such as the S&P 500 Index, Russell 2000 or MSCI EAFE Indexes, or exchange-traded funds (ETFs) that track such indexes. The Index then eliminates the companies that do not satisfy the eVALUEator proprietary Biblically Responsible Investing ("BRI") filtering criteria.
ETFs related toTPMN
ETFs correlated to TPMN include KRE, EWX, DPST
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.
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.