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ETFs

AXS Esoterica NextG Economy ETF

WUGI
$--
Today’s Change
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Snapshot
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Inception Date
Mar 31 2020
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$342,323
AUM
$20,623,998
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

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Invest with WUGI

What is WUGI?

WUGI is an actively-managed ETF that will invest in US and non-US equity securities of companies that are meaningfully participating in a digital economy enabled by fifth generation digital cellular network ( 5G ) technology. The investment objective of the Fund is to seek capital appreciation.

ETFs related toWUGI

ETFs correlated to WUGI include XNTK, QTEC, FBCG

WUGI
Esoterica Thematic Trust - AXS Esoterica NextG Economy ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
BULZ
Bank of Montreal - MicroSectorsTM Solactive FANG Innovation 3X Leveraged ETNs
CHAT
Tidal Trust II - Roundhill Generative AI & Technology ETF
FNGS
Bank of Montreal - MicroSectors FANG ETNs
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
FNGO
Bank of Montreal - MicroSectors FANG+Index 2X Leveraged ETNs
FNGU
Bank of Montreal - BMO REX MicroSectors FANG+ Index 3X Leveraged ETN

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

WUGI is a Global Equities ETF. WUGI is an actively-managed ETF that will invest in US and non-US equity securities of companies that are meaningfully participating in a digital economy enabled by fifth generation digital cellular network ( 5G ) technology. The investment objective of the Fund is to seek capital appreciation.

Yes, WUGI 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, WUGI 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 WUGI is -0.068%. This is the percent change in the value of WUGI over the most recent 1-month period. The 3-month return on WUGI is -0.0624%. This is the percent change in the value of WUGI over the most recent 3-month period.

The standard deviation of WUGI for the past year is 0.3303%. 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 WUGI include GDX, IXC, and KWEB.

ETFs correlated to WUGI include XNTK, QTEC, and FBCG.

ETFs that are inversely correlated to WUGI include BERZ, FNGD, and SQQQ.

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.