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ETFs

EA Series Trust Merlyn.AI Bull-Rider Bear-Fighter ETF

WIZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 16 2019
Expense Ratio
1.20%
Type
US Diversified
Fund Owner
Merlyn AI
Volume (1m avg. daily)
$41,264
AUM
$18,465,740
Associated Index
MAI Bull-Rider Bear-Fighter Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
21.24%
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
15.69%
SPSB
SSgA Active Trust - SPDR Portfolio Short Term Corporate Bond ETF
14.59%
ICSH
BlackRock Institutional Trust Company N.A. - BlackRock Ultra Short-Term Bond ETF
9.72%
BSV
Vanguard Group, Inc. - Vanguard Short-Term Bond ETF
9.65%
TIPX
SPDR Series Trust - SPDR Bloomberg 1-10 Year TIPS ETF
9.64%
VTIP
Vanguard Malvern Funds - Vanguard Short-Term Inflation-Protected Securities Index Fund
9.62%
ISTB
BlackRock Institutional Trust Company N.A. - iShares Core 1-5 Year USD Bond ETF
9.62%
n/a
Cash & Other
0.23%
Invest with WIZ

What is WIZ?

The Merlyn.AI Bull-Rider Bear-Fighter ETF seeks to track the total return performance, before fees and expenses, of the MAI Bull-Rider Bear-Fighter Index. The Index uses a proprietary Bull/Bear market risk indicator that seeks to determine whether U.S. equity markets appear to be in an advancing market (a Bull indicator) or appear to have an elevated risk of market decline (a Bear indicator). When the Bull/Bear Indicator signals a Bull market, the Index identifies a portfolio of eight ETFs, one selected from each of the eight ETF categories: Sectors-1, Sectors-2, StyleMix, Factors, Global/Regions, Bonds-1 and Bonds-2. For each category, the Index identifies the ETF having the highest recent return performance relative to other ETFs in the category (the Momentum Leader ). The Index s Bull portfolio will generally reflect a classic growth portfolio having approximately 80/20 stocks/bonds allocation weights. In contrast, when the Bull/Bear Indicator signals a Bear market, the Index identifies a portfolio of four or more ETFs, each a Momentum Leader, selected from a generally more conservative Bear Universe of ETFs.

ETFs related toWIZ

ETFs correlated to WIZ include FWD, USCA, IGTR

WIZ
EA Series Trust - Alpha Architect Merlyn.AI Bull-Rider Bear-Fighter ETF
FWD
AB Active ETFs Inc - AB Disruptors ETF
USCA
DBX ETF Trust - Xtrackers MSCI USA Climate Action Equity ETF
IGTR
Innovator ETFs Trust - Innovator Gradient Tactical Rotation Strategy ETF
XMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March
GAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - April
DYTA
Rbb Fund Inc - SGI Dynamic Tactical 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.

FAQ

WIZ is a US Diversified ETF. The Merlyn.AI Bull-Rider Bear-Fighter ETF seeks to track the total return performance, before fees and expenses, of the MAI Bull-Rider Bear-Fighter Index. The Index uses a proprietary Bull/Bear market risk indicator that seeks to determine whether U.S. equity markets appear to be in an advancing market (a Bull indicator) or appear to have an elevated risk of market decline (a Bear indicator). When the Bull/Bear Indicator signals a Bull market, the Index identifies a portfolio of eight ETFs, one selected from each of the eight ETF categories: Sectors-1, Sectors-2, StyleMix, Factors, Global/Regions, Bonds-1 and Bonds-2. For each category, the Index identifies the ETF having the highest recent return performance relative to other ETFs in the category (the Momentum Leader ). The Index s Bull portfolio will generally reflect a classic growth portfolio having approximately 80/20 stocks/bonds allocation weights. In contrast, when the Bull/Bear Indicator signals a Bear market, the Index identifies a portfolio of four or more ETFs, each a Momentum Leader, selected from a generally more conservative Bear Universe of ETFs.

WIZ tracks the MAI Bull-Rider Bear-Fighter Index.

No, WIZ 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, WIZ 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 WIZ is 0.0297%. This is the percent change in the value of WIZ over the most recent 1-month period. The 3-month return on WIZ is 0.0287%. This is the percent change in the value of WIZ over the most recent 3-month period.

The standard deviation of WIZ for the past year is 0.1283%. 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 WIZ include YLD, FPEI, and AOR.

ETFs correlated to WIZ include FWD, USCA, and IGTR.

ETFs that are inversely correlated to WIZ include SJB, SBB, and HIBS.

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.