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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)
$58,976
AUM
$4,857,728
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, RSPT

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
RSPT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology ETF
FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology Index ETF
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
IXN
BlackRock Institutional Trust Company N.A. - iShares Global Tech ETF
TECL
Direxion Shares ETF Trust - Direxion Daily Technology Bull 3X Shares
XLK
SSgA Active Trust - Technology Select Sector SPDR 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

#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 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 -0.0059%. This is the percent change in the value of TRFK over the most recent 1-month period. The 3-month return on TRFK is 0.0177%. This is the percent change in the value of TRFK over the most recent 3-month period.

The standard deviation of TRFK for the past year is 0.2605%. 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 TRFK include IXJ, SMH, and URA.

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

ETFs that are inversely correlated to TRFK include TECS, PSQ, and SQQQ.

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.