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ETFs

GraniteShares XOUT U.S. Large Cap ETF

XOUT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 07 2019
Expense Ratio
0.60%
Type
US Equities
Fund Owner
GraniteShares
Volume (1m avg. daily)
$1,050,274
AUM
$95,819,987
Associated Index
XOUT U.S. Large Cap Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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LLY
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UNH
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JNJ
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1.80%
Invest with XOUT

What is XOUT?

The GraniteShares XOUT U.S. Large Cap ETF seeks to track the performance, before fees and expenses, of the XOUT U.S. Large Cap Index. The index utilizes a proprietary, quantitative methodology developed by XOUT Capital, LLC (the Index Provider ), designed to identify companies that have a risk of being disrupted and as a result could underperform their relevant sector. The companies identified are then excluded from the index selection.

ETFs related toXOUT

ETFs correlated to XOUT include IWF, VONG, IWL

XOUT
GraniteShares ETF Trust - GraniteShares XOUT U.S. Large Cap ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
VONG
Vanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
OEF
BlackRock Institutional Trust Company N.A. - iShares S&P 100 ETF
XLG
Invesco Capital Management LLC - Invesco S&P 500 Top 50 ETF
SPUS
Tidal ETF Trust - SP Funds S&P 500 Sharia Industry Exclusions ETF
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
PABU
iShares Trust - iShares Paris-Aligned Climate MSCI USA 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

XOUT is a US Equities ETF. The GraniteShares XOUT U.S. Large Cap ETF seeks to track the performance, before fees and expenses, of the XOUT U.S. Large Cap Index. The index utilizes a proprietary, quantitative methodology developed by XOUT Capital, LLC (the Index Provider ), designed to identify companies that have a risk of being disrupted and as a result could underperform their relevant sector. The companies identified are then excluded from the index selection.

XOUT tracks the XOUT U.S. Large Cap Index.

No, XOUT 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, XOUT 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 XOUT is -0.0156%. This is the percent change in the value of XOUT over the most recent 1-month period. The 3-month return on XOUT is 0.0942%. This is the percent change in the value of XOUT over the most recent 3-month period.

The standard deviation of XOUT for the past year is 0.2035%. 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 XOUT include JEPI, MOAT, and VIXY.

ETFs correlated to XOUT include IWF, VONG, and IWL.

ETFs that are inversely correlated to XOUT include SPDN, SDS, and SH.

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.