Innovator Triple Stacker ETF - October
Top 10 Holdings
What is TSOC?
The Innovator Triple Stacker ETF seeks to provide triple upside exposures of 100% SPY + 100% QQQ + 100% IWM, to a cap, and downside exposure to SPY only, over the one-year outcome period, before fees and expenses. The ETF can be held indefinitely, resetting at the end of each outcome period (approximately annually). SPY is the SPDR S&P 500 ETF Trust, which tracks the S&P 500 Index. QQQ is the Invesco QQQ Trust, which tracks the Nasdaq-100 Index. IWM is the iShares Russell 2000 ETF, which tracks the Russell 2000 Index.
ETFs related toTSOC
ETFs correlated to TSOC include PJAN, XBJL, DECZ
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.