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ETFs

UVA Dividend Value ETF

UVDV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 18 2021
Expense Ratio
0.80%
Type
Global Equities
Fund Owner
Spinnaker ETF Trust
Volume (1m avg. daily)
$180,626
AUM
$17,643,612
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

LMT
Lockheed Martin Corp.
22.12%
KLAC
KLA Corp.
19.85%
GD
General Dynamics Corp.
12.21%
AVGO
Broadcom Inc
8.56%
NXPI
NXP Semiconductors NV
7.39%
LDOS
Leidos Holdings Inc
6.92%
SWKS
Skyworks Solutions, Inc.
6.14%
QCOM
Qualcomm, Inc.
5.97%
LRCX
Lam Research Corp.
5.51%
MKSI
MKS Instruments, Inc.
5.33%
Invest with UVDV

What is UVDV?

The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing principally in dividend-paying securities and, under normal circumstances, the Fund intends to invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in such securities. The Fund may also enter into equity derivative instruments such as options. The Fund may use these derivative instruments for investment purposes, including to generate income, to increase liquidity and/or to adjust the Fund s exposure to certain equity markets. The Sub-Adviser selects equity securities that it believes are out of favor and undervalued. The Sub-Adviser then attempts to purchase the securities and hold them until it believes that the securities have reached their accurate value. The Sub-Advisor utilizes a methodology that values past and prospective free cash flow in its analysis of whether it believes a security is out of favor and undervalued. The Fund considers dividend-paying securities to be securities of companies that declare and pay cash dividends on at least an annual basis.

ETFs related toUVDV

ETFs correlated to UVDV include SCHV, JPUS, VONV

UVDV
Spinnaker ETF Series - UVA Dividend Value ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index ETF
DTD
WisdomTree Trust - WisdomTree U.S. Total Dividend Fund
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor 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 toUVDV

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with UVDV using Composer

FAQ

UVDV is a Global Equities ETF. The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing principally in dividend-paying securities and, under normal circumstances, the Fund intends to invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in such securities. The Fund may also enter into equity derivative instruments such as options. The Fund may use these derivative instruments for investment purposes, including to generate income, to increase liquidity and/or to adjust the Fund s exposure to certain equity markets. The Sub-Adviser selects equity securities that it believes are out of favor and undervalued. The Sub-Adviser then attempts to purchase the securities and hold them until it believes that the securities have reached their accurate value. The Sub-Advisor utilizes a methodology that values past and prospective free cash flow in its analysis of whether it believes a security is out of favor and undervalued. The Fund considers dividend-paying securities to be securities of companies that declare and pay cash dividends on at least an annual basis.

UVDV dividend information: Dividend - Regular Payors. Dividend payouts may vary in terms of frequency of payouts.

Yes, UVDV is actively 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.

No, UVDV is not passively managed. It is actively 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 UVDV is 0.0146%. This is the percent change in the value of UVDV over the most recent 1-month period. The 3-month return on UVDV is 0.0259%. This is the percent change in the value of UVDV over the most recent 3-month period.

The standard deviation of UVDV for the past year is 0.119%. 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 UVDV include IDV, DXJ, and PID.

ETFs correlated to UVDV include SCHV, JPUS, and VONV.

ETFs that are inversely correlated to UVDV include DOG, DXD, and SDOW.

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.