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ETFs

YieldMax XOM Option Income Strategy ETF

XOMO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 30 2023
Expense Ratio
0.99%
Type
US Equities
Fund Owner
Elevate Shares
Volume (1m avg. daily)
—
AUM
$4,481,055
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
44.66%
n/a
UNITED STATES TREAS NTS 0.75% 11/15/2024
44.60%
n/a
Cash & Other
10.75%
n/a
EXXON MO CLL OPT 11/23 115
3.98%
n/a
EXXON MO CLL OPT 09/23 118
-0.30%
n/a
XOM 11/17/2023 115.01 P
-3.74%
Invest with XOMO

What is XOMO?

The YieldMax XOM Option Income Strategy ETF (XOMO) is an actively managed fund that seeks to generate monthly income by selling/writing call options on XOM. XOMO pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of XOM.

ETFs related toXOMO

ETFs correlated to XOMO include XLE, ERX, IXC

XOMO
Tidal Trust II - YieldMax XOM Option Income Strategy ETF
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund
ERX
Direxion Shares ETF Trust - Direxion Daily Energy Bull 2X Shares
IXC
BlackRock Institutional Trust Company N.A. - iShares Global Energy ETF
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
DIG
ProShares Trust - ProShares Ultra Energy
IYE
BlackRock Institutional Trust Company N.A. - iShares U.S. Energy ETF
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
OILU
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs
IEO
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil & Gas Exploration & Production 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 toXOMO

#DSS

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Risk Rating

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#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

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Create your own algorithmic trading strategy with XOMO using Composer

FAQ

XOMO is a US Equities ETF. The YieldMax XOM Option Income Strategy ETF (XOMO) is an actively managed fund that seeks to generate monthly income by selling/writing call options on XOM. XOMO pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of XOM.

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

ETFs similar to XOMO include XLI, XLY, and XLV.

ETFs correlated to XOMO include XLE, ERX, and IXC.

ETFs that are inversely correlated to XOMO include DUG, ERY, and OILD.

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.