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ETFs

Cabana Target Leading Sector Moderate ETF

CLSM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 12 2021
Expense Ratio
0.69%
Type
US Diversified
Fund Owner
Cabana ETF
Volume (1m avg. daily)
$760,318
AUM
$115,443,749
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GBIL
Goldman Sachs ETF Trust - Goldman Sachs Access Treasury 0-1 Year ETF
49.51%
SGOV
iShares Trust - iShares 0-3 Month Treasury Bond ETF
49.51%
n/a
CASH & OTHER
0.99%
Invest with CLSM

What is CLSM?

Cabana Target Leading Sector Moderate (CLSM) seeks to provide long-term growth. The fund seeks to achieve this objective primarily by allocating among ETFs that invest in companies of various sectors of the U.S. market. The fund selects investments in sectors of the market that it identifies utilizing a strategy designed to optimize performance while seeking to manage portfolio volatility and reduce exposure to down markets. The fund may invest in ETFs that provide exposure to additional asset classes, such as fixed income, commodities, real estate, and currencies to achieve its objective.

ETFs related toCLSM

ETFs correlated to CLSM include TDSC, GJUN, TCAF

CLSM
Exchange Listed Funds Trust - Cabana Target Leading Sector Moderate ETF
TDSC
Exchange Listed Funds Trust - Cabana Target Drawdown 10 ETF
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
TCAF
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Capital Appreciation Equity 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

CLSM is a US Diversified ETF. Cabana Target Leading Sector Moderate (CLSM) seeks to provide long-term growth. The fund seeks to achieve this objective primarily by allocating among ETFs that invest in companies of various sectors of the U.S. market. The fund selects investments in sectors of the market that it identifies utilizing a strategy designed to optimize performance while seeking to manage portfolio volatility and reduce exposure to down markets. The fund may invest in ETFs that provide exposure to additional asset classes, such as fixed income, commodities, real estate, and currencies to achieve its objective.

Yes, CLSM 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, CLSM 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 CLSM is 0.0034%. This is the percent change in the value of CLSM over the most recent 1-month period. The 3-month return on CLSM is -0.009%. This is the percent change in the value of CLSM over the most recent 3-month period.

The standard deviation of CLSM for the past year is 0.0996%. 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 CLSM include AOR, DRSK, and FPEI.

ETFs correlated to CLSM include TDSC, GJUN, and TCAF.

ETFs that are inversely correlated to CLSM include HDGE, WEBS, and HIBS.

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.