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ETFs

Inspire Fidelis Multi Factor ETF

FDLS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 23 2022
Expense Ratio
0.85%
Type
US Equities
Fund Owner
Inspire Investing
Volume (1m avg. daily)
$267,366
AUM
$62,438,750
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NTES
NetEase Inc - ADR
1.05%
ATLC
Atlanticus Holdings Corp
1.05%
FCNCA
First Citizens Bancshares, Inc (NC) - Ordinary Shares - Class A
1.04%
SGH
SMART Global Holdings Inc
1.04%
LPG
Dorian LPG Ltd
1.03%
KLAC
KLA Corp.
1.03%
NTNX
Nutanix Inc - Ordinary Shares - Class A
1.03%
EXTR
Extreme Networks Inc.
1.03%
ON
ON Semiconductor Corp.
1.02%
FN
Fabrinet
1.02%
Invest with FDLS

What is FDLS?

The Inspire Fidelis Multi-Factor ETF is constructed to be a core equity holding. The fund seeks to provide access to high-quality companies (market caps greater than $250 million) with growth and momentum purchased at a reasonable price. FDLS seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the WI Fidelis Multi-Cap Multi-Factor Index.

ETFs related toFDLS

ETFs correlated to FDLS include VFQY, FNY, MDYG

FDLS
Northern Lights Fund Trust IV - Inspire Fidelis Multi Factor ETF
VFQY
Vanguard Group, Inc. - Vanguard U.S. Quality Factor ETF
FNY
First Trust Exchange-Traded Fund III - First Trust Mid Cap Growth AlphaDEX Fund
MDYG
SPDR Series Trust - SPDR S&P 400 Mid Cap Growth ETF
IVOG
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Growth ETF
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
SMLF
BlackRock Institutional Trust Company N.A. - iShares U.S. Small-Cap Equity Factor ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 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.

Automated Strategies
Related toFDLS

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FDLS using Composer

FAQ

FDLS is a US Equities ETF. The Inspire Fidelis Multi-Factor ETF is constructed to be a core equity holding. The fund seeks to provide access to high-quality companies (market caps greater than $250 million) with growth and momentum purchased at a reasonable price. FDLS seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the WI Fidelis Multi-Cap Multi-Factor Index.

Yes, FDLS 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, FDLS 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 FDLS is -0.0216%. This is the percent change in the value of FDLS over the most recent 1-month period. The 3-month return on FDLS is 0.0111%. This is the percent change in the value of FDLS over the most recent 3-month period.

The standard deviation of FDLS for the past year is 0.1868%. 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 FDLS include SPHQ, DSI, and QUAL.

ETFs correlated to FDLS include VFQY, FNY, and MDYG.

ETFs that are inversely correlated to FDLS include RWM, TZA, and TWM.

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.