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ETFs

ASYMmetric Smart Alpha S&P 500 ETF

ZSPY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 1, 2023
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ASYMshares
Volume (1m avg. daily)
$10,188
AUM
$806,538
Associated Index
ASYMmetric Smart Alpha 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
7.04%
n/a
Cash & Other
6.63%
MSFT
Microsoft Corporation
6.17%
AMZN
Amazon.com Inc.
2.98%
NVDA
NVIDIA Corp
2.84%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
1.97%
GOOG
Alphabet Inc - Ordinary Shares - Class C
1.69%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.63%
TSLA
Tesla Inc
1.61%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
1.56%
Invest with ZSPY

What is ZSPY?

ASYMmetric Smart Alpha S&P 500 ETF seeks to track the total return performance, before fees and expenses, of the ASYMmetric Smart Alpha 500 Index. The ETF aims to generate up to 2x the performance of the S&P 500 Index with a risk profile generally in line with the index. ZSPY seeks to accomplish these goals by being 200% long the S&P 500 Index in a bull market and being net short the S&P 500 Index in a bear market.

ETFs related toZSPY

ETFs correlated to ZSPY include GAUG, DECZ, USPX

ZSPY
ASYMmetric ETFs Trust - ASYMmetric Smart Alpha S&P 500 ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
USPX
Franklin Templeton ETF Trust - Franklin U.S. Equity Index ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust

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 toZSPY

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with ZSPY using Composer

News Related to ZSPY

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Mar 21, 2016 • by Benzinga
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Mar 21, 2016 • by Benzinga
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FAQ

ZSPY is a US Equities ETF. ASYMmetric Smart Alpha S&P 500 ETF seeks to track the total return performance, before fees and expenses, of the ASYMmetric Smart Alpha 500 Index. The ETF aims to generate up to 2x the performance of the S&P 500 Index with a risk profile generally in line with the index. ZSPY seeks to accomplish these goals by being 200% long the S&P 500 Index in a bull market and being net short the S&P 500 Index in a bear market.

ZSPY tracks the ASYMmetric Smart Alpha 500 Index.

No, ZSPY 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, ZSPY 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 ZSPY is -0.0263%. This is the percent change in the value of ZSPY over the most recent 1-month period. The 3-month return on ZSPY is -0.0135%. This is the percent change in the value of ZSPY over the most recent 3-month period.

ETFs similar to ZSPY include PKW, VIXY, and XYLD.

ETFs correlated to ZSPY include GAUG, DECZ, and USPX.

ETFs that are inversely correlated to ZSPY include SH, SPDN, and SPXS.

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.