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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)
$136,725
AUM
$16,411,853
Associated Index
MAI Bull-Rider Bear-Fighter Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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n/a
Cash & Other
0.36%
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 GAUG, LGRO, XAUG

WIZ
EA Series Trust - Alpha Architect Merlyn.AI Bull-Rider Bear-Fighter ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
CVRD
Madison ETFs Trust - Madison Covered Call 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 -0.0299%. This is the percent change in the value of WIZ over the most recent 1-month period. The 3-month return on WIZ is -0.0224%. 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 0.1305%. 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 AOR, DRSK, and FPEI.

ETFs correlated to WIZ include GAUG, LGRO, and XAUG.

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

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.