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ETFs

DGA Absolute Return ETF

HF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 02 2023
Expense Ratio
1.53%
Type
Global Diversified
Fund Owner
Days Global Advisors
Volume (1m avg. daily)
$118,242
AUM
$14,893,299
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SH
ProShares Trust - ProShares Short S&P500 -1x Shares
30.86%
SPYG
SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF
17.66%
SPYV
SPDR Series Trust - SPDR Portfolio S&P 500 Value ETF
17.66%
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market ETF
15.64%
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
6.88%
DIA
SSgA Active Trust - SPDR Dow Jones Industrial Average ETF
4.95%
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
4.88%
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
0.97%
n/a
Cash & Other
0.50%
Invest with HF

What is HF?

The Fund is a fund-of ETFs, and the Sub-Adviser invests all of the Fund's assets in unaffiliated ETFs that are listed on U.S. stock exchanges ("Underlying ETFs"). The Underlying ETFs may include ETFs that invest in U.S. and foreign equity securities, fixed income securities, currencies, and commodities. In addition, Underlying ETFs may include inverse ETFs (i.e., ETFs that produce investment results that are opposite of a particular benchmark index), or leveraged ETFs

ETFs related toHF

ETFs correlated to HF include FSEP, SCHB, SPTM

HF
Tidal Trust II - DGA Absolute Return ETF
FSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -September
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
PSEP
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - September
BSEP
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - September
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 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 toHF

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with HF using Composer

FAQ

HF is a Global Diversified ETF. The Fund is a fund-of ETFs, and the Sub-Adviser invests all of the Fund's assets in unaffiliated ETFs that are listed on U.S. stock exchanges ("Underlying ETFs"). The Underlying ETFs may include ETFs that invest in U.S. and foreign equity securities, fixed income securities, currencies, and commodities. In addition, Underlying ETFs may include inverse ETFs (i.e., ETFs that produce investment results that are opposite of a particular benchmark index), or leveraged ETFs

Yes, HF 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, HF 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 HF is 0.0009%. This is the percent change in the value of HF over the most recent 1-month period. The 3-month return on HF is %. This is the percent change in the value of HF over the most recent 3-month period.

ETFs similar to HF include AOR, DRSK, and FPEI.

ETFs correlated to HF include FSEP, SCHB, and SPTM.

ETFs that are inversely correlated to HF include SPXU, SPXS, and SPDN.

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.