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ETFs

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

CEFD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 02 2020
Expense Ratio
0.95%
Type
Global Closed End Funds
Fund Owner
UBS
Volume (1m avg. daily)
$67,848
AUM
$17,990,000
Associated Index
S-Network Composite Closed-End Fund Index
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with CEFD

What is CEFD?

The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN is designed to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the S-Network Composite Closed-End Fund Index, less financing costs and tracking fees, and may pay a variable monthly coupon linked to the leveraged cash distributions associated with the underlying Closed-End Fund index constituents. The S-Network Composite Closed-End Fund Index is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the U.S. that are principally engaged in asset management processes designed to produce taxable annual yield. The Index is a price return index (i.e., the reinvestment of dividends is not reflected in the value of the Index). The Index contains closed-end funds selected from three main taxable annual yield sectors: Investment Grade Fixed Income Closed-End Funds, High-Yield Fixed Income Closed-End Funds, and Option Income Closed-End Funds.

ETFs related toCEFD

ETFs correlated to CEFD include PCEF, YYY, AOA

CEFD
UBS AG London Branch - ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN
PCEF
Invesco Capital Management LLC - Invesco CEF Income Composite ETF
YYY
Amplify ETF Trust - Amplify High Income ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
BKMC
BNY Mellon ETF Trust - BNY Mellon US Mid Cap Core Equity ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap 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.

FAQ

CEFD is a Global Closed End Funds ETF. The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN is designed to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the S-Network Composite Closed-End Fund Index, less financing costs and tracking fees, and may pay a variable monthly coupon linked to the leveraged cash distributions associated with the underlying Closed-End Fund index constituents. The S-Network Composite Closed-End Fund Index is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the U.S. that are principally engaged in asset management processes designed to produce taxable annual yield. The Index is a price return index (i.e., the reinvestment of dividends is not reflected in the value of the Index). The Index contains closed-end funds selected from three main taxable annual yield sectors: Investment Grade Fixed Income Closed-End Funds, High-Yield Fixed Income Closed-End Funds, and Option Income Closed-End Funds.

CEFD tracks the S-Network Composite Closed-End Fund Index.

No, CEFD 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, CEFD 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 CEFD is -0.0295%. This is the percent change in the value of CEFD over the most recent 1-month period. The 3-month return on CEFD is -0.032%. This is the percent change in the value of CEFD over the most recent 3-month period.

The standard deviation of CEFD for the past year is 0.2094%. 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 CEFD include BITI, BITX, and MLPR.

ETFs correlated to CEFD include PCEF, YYY, and AOA.

ETFs that are inversely correlated to CEFD include SJB, SH, and SPDN.

Yes, CEFD is a Leveraged (1.5x) ETF: This means that CEFD will try to match the performance of S-Network Composite Closed-End Fund Index, but with 1x the returns.

Yes, CEFD is a Leveraged (1.5x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S-Network Composite Closed-End Fund Index, but move 1x in the opposite direction.

Disclaimers

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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.