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ETFs

KFA Value Line Dynamic Core Equity Index ETF

KVLE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 24 2020
Expense Ratio
0.56%
Type
US Equities
Fund Owner
Krane Shares
Volume (1m avg. daily)
$31,971
AUM
$31,494,043
Associated Index
Value Line Dynamic Core Equity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
6.80%
MSFT
Microsoft Corporation
4.39%
JPM
JPMorgan Chase & Co.
2.72%
CMCSA
Comcast Corp - Ordinary Shares - Class A
2.08%
HD
Home Depot, Inc.
2.07%
CSCO
Cisco Systems, Inc.
2.05%
PFE
Pfizer Inc.
1.98%
AMGN
AMGEN Inc.
1.96%
CVS
CVS Health Corp
1.90%
TXN
Texas Instruments Inc.
1.89%
Invest with KVLE

What is KVLE?

KVLE is benchmarked to the Value Line Dynamic Core Equity Index, which introduces a market adaptive approach to investing in US large cap companies. The strategy seeks to capture quality US companies based on a three-factor process that selects stocks with high dividend yields and are the highest rated among Value Line s safety and timeliness ranking system. The Underlying Index begins with the universe of stocks that Value Line ranks. All companies with an equity market capitalization of less than $1 billion, registered investment companies, limited partnerships and foreign securities not listed in the U.S. are eliminated from this universe. From this investable universe, the Underlying Index establishes: (1) a dividend target, which is the trailing 12-month dividend yield of stocks in the 25th percentile of yield in this universe; and (2) a beta target of 0.8 to 1 versus the S&P 500 Index based on forecasting models. Beta is a measure of the expected return of the Underlying Index relative to market movements. Each company in the investable universe is assigned a score based on its Safety Rank and Timeliness Rank with companies with Rank 1 receiving a higher score than companies with Rank 2. The Underlying Index then optimizes the weighting of companies using the score assigned to them to maximize the overall score for the Underlying Index taking into account the dividend target and the beta target. At each rebalancing, the Underlying Index seeks a yield that will be no less than the dividend target and a beta within 0.03 of the beta target.

ETFs related toKVLE

ETFs correlated to KVLE include VIG, LGLV, DGRO

KVLE
KraneShares Trust - KFA Value Line Dynamic Core Equity Index ETF
VIG
Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF
LGLV
SPDR Series Trust - SPDR SSGA US Large Cap Low Volatility Index ETF
DGRO
BlackRock Institutional Trust Company N.A. - iShares Core Dividend Growth ETF
TDVG
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Dividend Growth ETF
FVD
First Trust Exchange-Traded Fund III - First Trust Value Line Dividend Index Fund
OUSA
OSI ETF Trust - ALPS O'Shares U.S. Quality Dividend ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF
DLN
WisdomTree Trust - WisdomTree U.S. LargeCap Dividend Fund

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 toKVLE

#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 KVLE using Composer

FAQ

KVLE is a US Equities ETF. KVLE is benchmarked to the Value Line Dynamic Core Equity Index, which introduces a market adaptive approach to investing in US large cap companies. The strategy seeks to capture quality US companies based on a three-factor process that selects stocks with high dividend yields and are the highest rated among Value Line s safety and timeliness ranking system. The Underlying Index begins with the universe of stocks that Value Line ranks. All companies with an equity market capitalization of less than $1 billion, registered investment companies, limited partnerships and foreign securities not listed in the U.S. are eliminated from this universe. From this investable universe, the Underlying Index establishes: (1) a dividend target, which is the trailing 12-month dividend yield of stocks in the 25th percentile of yield in this universe; and (2) a beta target of 0.8 to 1 versus the S&P 500 Index based on forecasting models. Beta is a measure of the expected return of the Underlying Index relative to market movements. Each company in the investable universe is assigned a score based on its Safety Rank and Timeliness Rank with companies with Rank 1 receiving a higher score than companies with Rank 2. The Underlying Index then optimizes the weighting of companies using the score assigned to them to maximize the overall score for the Underlying Index taking into account the dividend target and the beta target. At each rebalancing, the Underlying Index seeks a yield that will be no less than the dividend target and a beta within 0.03 of the beta target.

KVLE tracks the Value Line Dynamic Core Equity Index.

KVLE dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, KVLE 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, KVLE 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 KVLE is -0.0133%. This is the percent change in the value of KVLE over the most recent 1-month period. The 3-month return on KVLE is -0.0196%. This is the percent change in the value of KVLE over the most recent 3-month period.

The standard deviation of KVLE for the past year is 0.1569%. 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 KVLE include VYM, DFAS, and DFAT.

ETFs correlated to KVLE include VIG, LGLV, and DGRO.

ETFs that are inversely correlated to KVLE include SPDN, SPXU, and SDS.

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.