Clouty Tune ETF
Top 10 Holdings
What is TUNE?
The Clouty Tune ETF (the "Fund") seeks to track the performance, before fees and expenses, of the Solactive Clouty Tune index (the "Index"). The Index was developed in 2023 by Clouty, Inc. ("Clouty") and is administered by Solactive AG (the "Index Provider"). The ETF offers investors exposure to the growth potential of these sectors by focusing on companies engaged in music production, broadcasting, streaming platforms, event management, content creation, and more. TUNE ETF provides a comprehensive and strategic approach to capturing the opportunities presented by the dynamic and ever-evolving world of music, media, and entertainment.
ETFs related toTUNE
ETFs correlated to TUNE include XT, LGRO, SPHB
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.