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ETFs

Defiance Pure Electric Vehicle ETF

EVXX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 12 2023
Expense Ratio
0.68%
Type
US Equities
Fund Owner
Defiance ETFs
Volume (1m avg. daily)
$78,596
AUM
$5,049,129
Associated Index
Solactive Pure US Electric Vehicle Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

TSLA
Tesla Inc
0.73%
LI
Li Auto Inc - ADR
0.67%
XPEV
XPeng Inc - ADR
0.66%
RIVN
Rivian Automotive Inc - Ordinary Shares - Class A
0.60%
NIO
NIO Inc - ADR
0.44%
n/a
Cash & Other
0.10%
Invest with EVXX

What is EVXX?

The Defiance Pure Electric Vehicle ETF (the Fund) seeks to provide investment results, before fees and expenses, that track the performance of a basket of common shares, which are equally-weighted on a quarterly basis, of the five largest (by market capitalization) electric vehicle manufacturers (the Underlying Securities) included in the Solactive Pure US Electric Vehicle Index (the Pure EV Index). The Solactive Pure US Electric Vehicle Index (the Pure EV Index) comprises an equally weighted basket of common shares of the five largest (by market capitalization) electric vehicle manufacturers.

ETFs related toEVXX

ETFs correlated to EVXX include IDRV, ERTH, CHIQ

EVXX
ETF Series Solutions Trust - Defiance Pure Electric Vehicle ETF
IDRV
iShares Trust - iShares Self-Driving EV and Tech ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
CHIQ
Global X Funds - Global X MSCI China Consumer Discretionary ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
LIT
Global X Funds - Global X Lithium & Battery Tech ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
EMC
Global X Funds - Global X Emerging Markets Great Consumer ETF
CXSE
WisdomTree Trust - WisdomTree China ex-State-Owned Enterprises Fund
SCHE
Schwab Strategic Trust - Schwab Emerging Markets Equity ETF
EMQQ
Exchange Traded Concepts Trust - EMQQ The Emerging Markets Internet and Ecommerce 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 toEVXX

#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 EVXX using Composer

FAQ

EVXX is a US Equities ETF. The Defiance Pure Electric Vehicle ETF (the Fund) seeks to provide investment results, before fees and expenses, that track the performance of a basket of common shares, which are equally-weighted on a quarterly basis, of the five largest (by market capitalization) electric vehicle manufacturers (the Underlying Securities) included in the Solactive Pure US Electric Vehicle Index (the Pure EV Index). The Solactive Pure US Electric Vehicle Index (the Pure EV Index) comprises an equally weighted basket of common shares of the five largest (by market capitalization) electric vehicle manufacturers.

EVXX tracks the Solactive Pure US Electric Vehicle Index.

No, EVXX 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, EVXX 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 EVXX is -0.0224%. This is the percent change in the value of EVXX over the most recent 1-month period. The 3-month return on EVXX is 0.2142%. This is the percent change in the value of EVXX over the most recent 3-month period.

ETFs similar to EVXX include SPHQ, DSI, and QUAL.

ETFs correlated to EVXX include IDRV, ERTH, and CHIQ.

ETFs that are inversely correlated to EVXX include EDZ, YANG, and SARK.

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.