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ETFs

X-Square Municipal Income Tax Free ETF

ZTAX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 19 2023
Expense Ratio
1.10%
Type
US Bonds
Fund Owner
X-Square ETF
Volume (1m avg. daily)
$14,650
AUM
$3,826,900
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue
20.58%
n/a
GDB Debt 7.5 % Bonds 2018-20.08.40 Taxable
20.33%
n/a
Puerto Rico Highway & Transportation Authority
15.62%
n/a
Commonwealth of Puerto Rico
12.72%
n/a
Commonwealth of Puerto Rico
6.88%
n/a
Puerto Rico Commonwealth Aqueduct & Sewer Authority
6.67%
n/a
Puerto Rico Commonwealth Aqueduct & Sewer Authority
6.25%
n/a
Matching Fund Special Purpose Securitization Corp.
6.07%
n/a
Cash and Equivalents
2.72%
n/a
Territory of Guam
2.16%
Invest with ZTAX

What is ZTAX?

X-Square Municipal Income ETF seeks to provide income exempt from federal income tax. The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing in a non-diversified portfolio of U.S. dollar-denominated municipal securities issued by Puerto Rico, Guam and the U.S. Virgin Islands.

ETFs related toZTAX

ETFs correlated to ZTAX include LGRO, CONY, CVRD

ZTAX
X-Square Series Trust - X-Square Municipal Income Tax Free ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GBIL
Goldman Sachs ETF Trust - Goldman Sachs Access Treasury 0-1 Year ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July

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

ZTAX is a US Bonds ETF. X-Square Municipal Income ETF seeks to provide income exempt from federal income tax. The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing in a non-diversified portfolio of U.S. dollar-denominated municipal securities issued by Puerto Rico, Guam and the U.S. Virgin Islands.

Yes, ZTAX 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, ZTAX 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 ZTAX is 0.007%. This is the percent change in the value of ZTAX over the most recent 1-month period. The 3-month return on ZTAX is -0.0129%. This is the percent change in the value of ZTAX over the most recent 3-month period.

ETFs similar to ZTAX include SUB, HYD, and CMF.

ETFs correlated to ZTAX include LGRO, CONY, and CVRD.

ETFs that are inversely correlated to ZTAX include MEAR, GNOM, and EWM.

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.