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ETFs

Newday Ocean Health ETF

AHOY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 06 2022
Expense Ratio
0.75%
Type
US Equities
Fund Owner
NEWDAY
Volume (1m avg. daily)
$10,160
AUM
$2,470,412
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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Apple Inc
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Oracle Corp.
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HP Inc
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CLH
Clean Harbors, Inc.
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Adobe Inc
2.72%
ACN
Accenture plc - Ordinary Shares - Class A
2.69%
Invest with AHOY

What is AHOY?

AHOY invests in industry-leading companies that contribute positively to Ocean Health. The Fund categorizes Ocean Health companies as those concerned with and attentive to CO2 emissions, end of lifecycle product waste, and discharge into bodies of water, as well as companies committed to environmental protectionism. AHOY is actively traded and seeks long-term capital appreciation through investments primarily in the U.S.

ETFs related toAHOY

ETFs correlated to AHOY include DFUS, DFAU, IYY

AHOY
Tidal ETF Trust - Newday Ocean Health ETF
DFUS
Dimensional ETF Trust - Dimensional U.S. Equity ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
LRGF
BlackRock Institutional Trust Company N.A. - iShares U.S. Equity Factor 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 toAHOY

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with AHOY using Composer

FAQ

AHOY is a US Equities ETF. AHOY invests in industry-leading companies that contribute positively to Ocean Health. The Fund categorizes Ocean Health companies as those concerned with and attentive to CO2 emissions, end of lifecycle product waste, and discharge into bodies of water, as well as companies committed to environmental protectionism. AHOY is actively traded and seeks long-term capital appreciation through investments primarily in the U.S.

Yes, AHOY 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, AHOY 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 AHOY is -0.0164%. This is the percent change in the value of AHOY over the most recent 1-month period. The 3-month return on AHOY is -0.0136%. This is the percent change in the value of AHOY over the most recent 3-month period.

The standard deviation of AHOY for the past year is 0.1615%. 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 AHOY include SPHQ, DSI, and QUAL.

ETFs correlated to AHOY include DFUS, DFAU, and IYY.

ETFs that are inversely correlated to AHOY include SH, SPXS, and SDS.

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.