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ETFs

Harbor Disruptive Innovation ETF

INNO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 01 2021
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
Harbor Funds
Volume (1m avg. daily)
$40,670
AUM
$27,823,250
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
4.40%
AMZN
Amazon.com Inc.
3.80%
AMD
Advanced Micro Devices Inc.
3.10%
LRCX
Lam Research Corp.
3.10%
NOW
ServiceNow Inc
3.00%
MELI
MercadoLibre Inc
2.90%
n/a
Cash and Other Assets Less Liabilities
2.30%
DHR
Danaher Corp.
2.30%
LIN
Linde Plc.
2.20%
CDNS
Cadence Design Systems, Inc.
2.20%
Invest with INNO

What is INNO?

Under normal market conditions, the Fund invests primarily in equitysecurities,principallycommonstocks,ofcompaniesselected based on their potential for growth tied to disruptive innovation. The Fund defines disruptive innovation as the development of new products, services, technologies and/or other advancements that could disrupt and displace existing businesses and business models over time. While the Fund invests primarily in securities of U.S. companies, the Fund may invest up to 25% of its assets in foreign securities, including those located in emerging market countries. The Fund invests in securities across the market capitalization spectrum.

ETFs related toINNO

ETFs correlated to INNO include THNQ, SKYY, FDN

INNO
Harbor ETF Trust - Harbor Disruptive Innovation ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
CLOU
Global X Funds - Global X Cloud Computing ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services 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

INNO is a Global Equities ETF. Under normal market conditions, the Fund invests primarily in equitysecurities,principallycommonstocks,ofcompaniesselected based on their potential for growth tied to disruptive innovation. The Fund defines disruptive innovation as the development of new products, services, technologies and/or other advancements that could disrupt and displace existing businesses and business models over time. While the Fund invests primarily in securities of U.S. companies, the Fund may invest up to 25% of its assets in foreign securities, including those located in emerging market countries. The Fund invests in securities across the market capitalization spectrum.

Yes, INNO 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, INNO 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 INNO is -0.0306%. This is the percent change in the value of INNO over the most recent 1-month period. The 3-month return on INNO is -0.0677%. This is the percent change in the value of INNO over the most recent 3-month period.

The standard deviation of INNO for the past year is 0.2703%. 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 INNO include PBW, IGF, and ARKK.

ETFs correlated to INNO include THNQ, SKYY, and FDN.

ETFs that are inversely correlated to INNO include WEBS, HIBS, and QID.

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.