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ETFs

American Century Diversified Corporate Bond ETF

KORP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 11 2018
Expense Ratio
0.29%
Type
Global Bonds
Fund Owner
American Century Investments
Volume (1m avg. daily)
$911,153
AUM
$210,234,527
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
US TREASURY N/B 07/26 4.5
2.07%
HSBC29B
HSBC Holdings plc - FXDFR NT REDEEM 09/03/2029 USD 200000
1.59%
BAC5282268
BANK OF AMERICA CORP SR UNSECURED 10/32 VAR
1.44%
n/a
SSC GOVERNMENT MM GVMXX
1.31%
n/a
Comcast 4.25 % Notes 2018-15.10.30 Gtd Global
1.17%
KNVU5553364
KENVUE INC COMPANY GUAR 144A 03/30 5
1.11%
TFC/26A
Suntrust Bank Atlanta - 3.30% MTN REDEEM 15/05/2026 USD 1000
1.04%
n/a
US TREASURY N/B 08/26 4.375
1.03%
BMO5523165
BANK OF MONTREAL SR UNSECURED 02/28 5.203
0.90%
BRK.B/29A
Midamerican Energy Co - 3.65% BD REDEEM 15/04/2029 USD 2000
0.89%
Invest with KORP

What is KORP?

American Century Diversified Corporate Bond ETF Seeks current income by emphasizing investment-grade debt while dynamically allocating a portion of the portfolio to high yield. The fund invests primarily in U.S. dollar denominated corporate debt securities issued by U.S. and foreign entities, but may also invest in securities issued by supranational entities. Although the fund invests primarily in investment-grade debt securities, up to 35% of the fund s net assets may be invested in high-yield securities (also referred to as junk bonds ).

ETFs related toKORP

ETFs correlated to KORP include SCHI, VCIT, IGIB

KORP
American Century ETF Trust - American Century Diversified Corporate Bond ETF
SCHI
Schwab Strategic Trust - Schwab 5-10 Year Corporate Bond ETF
VCIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Corporate Bond ETF
IGIB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF
SPIB
SSgA Active Trust - SPDR Portfolio Intermediate Term Corporate Bond ETF
BSCT
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2029 Corporate Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
BIV
Vanguard Group, Inc. - Vanguard Intermediate-Term Bond ETF
BSCS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2028 Corporate Bond ETF
BSCU
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2030 Corporate Bond ETF
VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond 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 toKORP

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with KORP using Composer

FAQ

KORP is a Global Bonds ETF. American Century Diversified Corporate Bond ETF Seeks current income by emphasizing investment-grade debt while dynamically allocating a portion of the portfolio to high yield. The fund invests primarily in U.S. dollar denominated corporate debt securities issued by U.S. and foreign entities, but may also invest in securities issued by supranational entities. Although the fund invests primarily in investment-grade debt securities, up to 35% of the fund s net assets may be invested in high-yield securities (also referred to as junk bonds ).

Yes, KORP 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, KORP 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 KORP is -0.0059%. This is the percent change in the value of KORP over the most recent 1-month period. The 3-month return on KORP is -0.0124%. This is the percent change in the value of KORP over the most recent 3-month period.

The standard deviation of KORP for the past year is 0.0614%. 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 KORP include IGSB, VCLT, and LQD.

ETFs correlated to KORP include SCHI, VCIT, and IGIB.

ETFs that are inversely correlated to KORP include PST, TBX, and TTT.

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.