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ETFs

AAM Transformers ETF

TRFM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 11 2022
Expense Ratio
0.49%
Type
Global Equities
Fund Owner
Advisors Asset Management
Volume (1m avg. daily)
$30,199
AUM
$12,853,850
Associated Index
Pence Transformers Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with TRFM

What is TRFM?

AAM Transformers ETF seeks to track the investment results of the Pence Transformers Index. The Index is a rules-based index that measures the performance of U.S.-listed common equity securities, including American Depositary Receipts ("ADRs") for foreign securities, of companies poised to benefit from a significant disruption and/or transformation of consumer behavior and technological innovation. Examples of significant disruptions and/or transformation of consumer behavior and technological innovation include, but are not limited to, (i) advancements in autonomous driving capabilities and electric vehicle technology disrupting the automobile manufacturers and trucking sub-industries; (ii) changes in consumer behavior shifting retail sales from brick and mortar businesses to digital channels transforming the internet and digital marketing retail sub-industry; (iii) recent developments in cellular data speeds and improvements in mobile technologies disrupting the interactive media and services sub-industry; and (iv) new technologies that provide carbon offsets for existing business models or the development of greener alternatives to existing energy production transforming the renewable electricity producers sub-industry.

ETFs related toTRFM

ETFs correlated to TRFM include IRBO, XNTK, XSW

TRFM
ETF Series Solutions Trust - AAM Transformers ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund

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.

FAQ

TRFM is a Global Equities ETF. AAM Transformers ETF seeks to track the investment results of the Pence Transformers Index. The Index is a rules-based index that measures the performance of U.S.-listed common equity securities, including American Depositary Receipts ("ADRs") for foreign securities, of companies poised to benefit from a significant disruption and/or transformation of consumer behavior and technological innovation. Examples of significant disruptions and/or transformation of consumer behavior and technological innovation include, but are not limited to, (i) advancements in autonomous driving capabilities and electric vehicle technology disrupting the automobile manufacturers and trucking sub-industries; (ii) changes in consumer behavior shifting retail sales from brick and mortar businesses to digital channels transforming the internet and digital marketing retail sub-industry; (iii) recent developments in cellular data speeds and improvements in mobile technologies disrupting the interactive media and services sub-industry; and (iv) new technologies that provide carbon offsets for existing business models or the development of greener alternatives to existing energy production transforming the renewable electricity producers sub-industry.

TRFM tracks the Pence Transformers Index.

No, TRFM 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, TRFM 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 TRFM is 0.0486%. This is the percent change in the value of TRFM over the most recent 1-month period. The 3-month return on TRFM is 0.1961%. This is the percent change in the value of TRFM over the most recent 3-month period.

ETFs similar to TRFM include IGF, PBW, and EFG.

ETFs correlated to TRFM include IRBO, XNTK, and XSW.

ETFs that are inversely correlated to TRFM include WEBS, HIBS, and SARK.

Disclaimers

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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.