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ETFs

Arrow Reverse Cap 500 ETF

YPS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 31 2017
Expense Ratio
0.29%
Type
US Equities
Fund Owner
ArrowShares
Volume (1m avg. daily)
$54,195
AUM
$21,273,000
Associated Index
Reverse Cap Weighted U.S. Large Cap Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

FICO
Fair, Isaac Corp.
1.55%
NWS
News Corp - Ordinary Shares - Class B
1.37%
DISH
Dish Network Corp - Ordinary Shares - Class A
1.25%
LNC
Lincoln National Corp.
0.93%
RL
Ralph Lauren Corp - Ordinary Shares - Class A
0.91%
NWL
Newell Brands Inc
0.78%
OGN
Organon & Co.
0.77%
DXC
DXC Technology Co
0.72%
ALK
Alaska Air Group Inc.
0.71%
NWSA
News Corp - Ordinary Shares - Class A
0.70%
Invest with YPS

What is YPS?

The Fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of the Index. The Index is a rules-based, reverse capitalization weighted index comprised of constituents of the S&P 500 Index, which consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization. The Index seeks to provide exposure to the U.S. large-cap market but with greater emphasis on the smaller-end of the large-cap market, unlike many traditional market capitalization weighted indexes that place a greater emphasis on the largest companies in the large-cap market. The Index includes common stocks and equity interests in real estate investment trusts ( REITs ).

ETFs related toYPS

ETFs correlated to YPS include EUSA, IWR, JHMM

YPS
Arrow Investments Trust - Arrow Reverse Cap 500 ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
GSEW
Goldman Sachs ETF Trust - Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat 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 toYPS

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Category

Community

Risk Rating

Aggressive

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SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with YPS using Composer

FAQ

YPS is a US Equities ETF. The Fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of the Index. The Index is a rules-based, reverse capitalization weighted index comprised of constituents of the S&P 500 Index, which consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization. The Index seeks to provide exposure to the U.S. large-cap market but with greater emphasis on the smaller-end of the large-cap market, unlike many traditional market capitalization weighted indexes that place a greater emphasis on the largest companies in the large-cap market. The Index includes common stocks and equity interests in real estate investment trusts ( REITs ).

YPS tracks the Reverse Cap Weighted U.S. Large Cap Index.

No, YPS 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, YPS 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 YPS is -0.0881%. This is the percent change in the value of YPS over the most recent 1-month period. The 3-month return on YPS is -0.0067%. This is the percent change in the value of YPS over the most recent 3-month period.

The standard deviation of YPS for the past year is 0.2394%. 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 YPS include IVV, IWM, and SPY.

ETFs correlated to YPS include EUSA, IWR, and JHMM.

ETFs that are inversely correlated to YPS include SRTY, TZA, and TWM.

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.