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ETFs

Qraft AI-Enhanced US Large Cap Momentum ETF

AMOM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 21 2019
Expense Ratio
0.75%
Type
US Equities
Fund Owner
Qraft Technologies
Volume (1m avg. daily)
$104,227
AUM
$12,495,029
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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NVIDIA Corp
7.17%
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O`Reilly Automotive, Inc.
6.85%
ORCL
Oracle Corp.
6.81%
YUM
Yum Brands Inc.
5.81%
HD
Home Depot, Inc.
5.76%
AXON
Axon Enterprise Inc
4.54%
AVGO
Broadcom Inc
4.10%
TSCO
Tractor Supply Co.
3.90%
RS
Reliance Steel & Aluminum Co.
3.82%
STN
Stantec Inc
3.76%
Invest with AMOM

What is AMOM?

The QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (the Fund ) seeks capital appreciation. In pursuing the Fund s investment objective, the Adviser consults a database generated by Qraft s AI Quantitative Investment System ( AQUA ), which automatically selects and weights portfolios of U.S. large cap companies to provide exposure to a portfolio of 50 companies that have had higher residual returns relative to their similar-sized peers (based on market capitalization) over a rolling 3 to 36 month period. A stock s residual return equals its total return after removal of market, size and value risks factored into portfolio construction under conventional portfolio management. Use of residual momentum rather than conventional momentum to construct a portfolio is based on the stock management theory that stocks with higher residual returns have the potential to perform better and more consistently over time than conventional momentum stocks.

ETFs related toAMOM

ETFs correlated to AMOM include PDP, FTC, VFMO

AMOM
Exchange Listed Funds Trust - QRAFT AI Enhanced U.S. Large Cap Momentum ETF
PDP
Invesco Capital Management LLC - Invesco Dorsey Wright Momentum ETF
FTC
First Trust Exchange-Traded Fund III - First Trust Large Capital Growth AlphaDEX Fund
VFMO
Vanguard Group, Inc. - Vanguard U.S. Momentum Factor ETF
FLQL
Franklin Templeton ETF Trust - Franklin U.S. Large Cap Multifactor Index ETF
PWB
Invesco Capital Management LLC - Invesco Large Cap Growth ETF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
DUHP
Dimensional ETF Trust - Dimensional US High Profitability ETF
SECT
Northern Lights Fund Trust IV - Main Sector Rotation ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
XLSR
SSgA Active Trust - SPDR SSGA U.S. Sector Rotation 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 toAMOM

#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 AMOM using Composer

FAQ

AMOM is a US Equities ETF. The QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (the Fund ) seeks capital appreciation. In pursuing the Fund s investment objective, the Adviser consults a database generated by Qraft s AI Quantitative Investment System ( AQUA ), which automatically selects and weights portfolios of U.S. large cap companies to provide exposure to a portfolio of 50 companies that have had higher residual returns relative to their similar-sized peers (based on market capitalization) over a rolling 3 to 36 month period. A stock s residual return equals its total return after removal of market, size and value risks factored into portfolio construction under conventional portfolio management. Use of residual momentum rather than conventional momentum to construct a portfolio is based on the stock management theory that stocks with higher residual returns have the potential to perform better and more consistently over time than conventional momentum stocks.

Yes, AMOM 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, AMOM 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 AMOM is -0.0412%. This is the percent change in the value of AMOM over the most recent 1-month period. The 3-month return on AMOM is -0.0316%. This is the percent change in the value of AMOM over the most recent 3-month period.

The standard deviation of AMOM for the past year is 0.1837%. 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 AMOM include SPHQ, DSI, and QUAL.

ETFs correlated to AMOM include PDP, FTC, and VFMO.

ETFs that are inversely correlated to AMOM include SH, SPDN, 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.