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ETFs

AdvisorShares Let Bob AI Powered Momentum ETF

LETB
$--
Today’s Change
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Snapshot
*

Inception Date
Feb 08 2022
Expense Ratio
1.07%
Type
US Equities
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$27,307
AUM
$22,694,484
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
BLACKROCK TREASURY TRUST INSTL 62
90.14%
ANF
Abercrombie & Fitch Co. - Ordinary Shares - Class A
2.22%
CAT
Caterpillar Inc.
1.64%
EXTR
Extreme Networks Inc.
1.61%
CSCO
Cisco Systems, Inc.
1.58%
TT
Trane Technologies plc - Ordinary Shares - Class A
1.56%
OKTA
Okta Inc - Ordinary Shares - Class A
1.17%
n/a
CASH
0.07%
Invest with LETB

What is LETB?

The Fund is an actively managed exchange traded fund that seeks to achieve its investment objective by tactically investing in U.S. exchange listed equity securities, primarily consisting of common stock of large, mid, and small capitalization companies. The Fund typically holds positions in each of these three market capitalizations and the allocation of assets to each individual stock within each market capitalization is typically equal weighted.

ETFs related toLETB

ETFs correlated to LETB include AUGW, XAUG, GAUG

LETB
Advisorshares Trust - AdvisorShares Let Bob AI Powered Momentum ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
CVRD
Madison ETFs Trust - Madison Covered Call 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 toLETB

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with LETB using Composer

FAQ

LETB is a US Equities ETF. The Fund is an actively managed exchange traded fund that seeks to achieve its investment objective by tactically investing in U.S. exchange listed equity securities, primarily consisting of common stock of large, mid, and small capitalization companies. The Fund typically holds positions in each of these three market capitalizations and the allocation of assets to each individual stock within each market capitalization is typically equal weighted.

Yes, LETB 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, LETB 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 LETB is -0.0019%. This is the percent change in the value of LETB over the most recent 1-month period. The 3-month return on LETB is -0.0117%. This is the percent change in the value of LETB over the most recent 3-month period.

The standard deviation of LETB for the past year is 0.0291%. 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 LETB include SPHQ, DSI, and QUAL.

ETFs correlated to LETB include AUGW, XAUG, and GAUG.

ETFs that are inversely correlated to LETB include CYA, VIXY, and UVXY.

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.