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ETFs

Strive U.S. Energy ETF

DRLL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 09 2022
Expense Ratio
0.41%
Type
US Equities
Fund Owner
Strive Asset Management
Volume (1m avg. daily)
$985,875
AUM
$363,761,746
Associated Index
Solactive United States Energy Regulated Capped Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

XOM
Exxon Mobil Corp.
22.20%
CVX
Chevron Corp.
15.31%
COP
Conoco Phillips
7.51%
SLB
SLB
4.37%
EOG
EOG Resources, Inc.
3.73%
MPC
Marathon Petroleum Corp
3.39%
PSX
Phillips 66
2.83%
VLO
Valero Energy Corp.
2.73%
PXD
Pioneer Natural Resources Co.
2.70%
OXY
Occidental Petroleum Corp.
2.27%
Invest with DRLL

What is DRLL?

DRLL is a passively managed Exchange Traded Fund (ETF) that seeks broad market exposure to the US energy sector. Energy sub-sectors available for inclusion in the index include crude petroleum, natural gas, bituminous coal, hydroelectric power, nuclear electric power, solar, wind, geothermal, biomass and related services up and down the US energy supply chain. DRLL offers concentrated exposure to the US energy sector through a cost efficient index product. Through Corporate Governance practices, including voting proxy shares and proactively engaging with management teams and boards, Strive aims to unlock value in the US energy sector by mandating companies to focus on profits over politics.

ETFs related toDRLL

ETFs correlated to DRLL include DIG, VDE, FENY

DRLL
EA Series Trust - Strive U.S. Energy ETF
DIG
ProShares Trust - ProShares Ultra Energy
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index ETF
IYE
BlackRock Institutional Trust Company N.A. - iShares U.S. Energy ETF
ERX
Direxion Shares ETF Trust - Direxion Daily Energy Bull 2X Shares
XLE
SSgA Active Trust - The Energy Select Sector SPDR Fund
OILU
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
IXC
BlackRock Institutional Trust Company N.A. - iShares Global Energy ETF
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources 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 toDRLL

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with DRLL using Composer

FAQ

DRLL is a US Equities ETF. DRLL is a passively managed Exchange Traded Fund (ETF) that seeks broad market exposure to the US energy sector. Energy sub-sectors available for inclusion in the index include crude petroleum, natural gas, bituminous coal, hydroelectric power, nuclear electric power, solar, wind, geothermal, biomass and related services up and down the US energy supply chain. DRLL offers concentrated exposure to the US energy sector through a cost efficient index product. Through Corporate Governance practices, including voting proxy shares and proactively engaging with management teams and boards, Strive aims to unlock value in the US energy sector by mandating companies to focus on profits over politics.

DRLL tracks the Solactive United States Energy Regulated Capped Index.

No, DRLL 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, DRLL 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 DRLL is 0.0458%. This is the percent change in the value of DRLL over the most recent 1-month period. The 3-month return on DRLL is 0.1418%. This is the percent change in the value of DRLL over the most recent 3-month period.

The standard deviation of DRLL for the past year is 0.2573%. 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 DRLL include XLI, XLY, and XLV.

ETFs correlated to DRLL include DIG, VDE, and FENY.

ETFs that are inversely correlated to DRLL include DUG, ERY, and OILD.

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.