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ETFs

Pacer Data and Digital Revolution ETF

TRFK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 08 2022
Expense Ratio
0.60%
Type
Global Equities
Fund Owner
Pacer Financial
Volume (1m avg. daily)
$2,847
AUM
—
Associated Index
Pacer Data Transmission and Communication Revolution Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with TRFK

What is TRFK?

A rules-based exchange traded fund (ETF) that aims to offer investors exposure to globally-listed stocks and depositary receipts involved in the support and functioning of global distribution supply chains.

ETFs related toTRFK

ETFs correlated to TRFK include QTEC, FXL, RYT

TRFK
Pacer Funds Trust - Pacer Data and Digital Revolution ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
RYT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology ETF
QGRO
American Century ETF Trust - American Century STOXX U.S.Quality Growth ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology Index ETF
VGT
Vanguard Group, Inc. - Vanguard Information Technology 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 toTRFK

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with TRFK using Composer

FAQ

TRFK is a Global Equities ETF. A rules-based exchange traded fund (ETF) that aims to offer investors exposure to globally-listed stocks and depositary receipts involved in the support and functioning of global distribution supply chains.

TRFK tracks the Pacer Data Transmission and Communication Revolution Index.

No, TRFK 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, TRFK 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 TRFK is 0.05%. This is the percent change in the value of TRFK over the most recent 1-month period. The 3-month return on TRFK is 0.1475%. This is the percent change in the value of TRFK over the most recent 3-month period.

ETFs similar to TRFK include IXJ, GDXJ, and IXC.

ETFs correlated to TRFK include QTEC, FXL, and RYT.

ETFs that are inversely correlated to TRFK include HIBS, BERZ, and QID.

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.