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ETFs

Subversive Cannabis ETF

LGLZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 19 2023
Expense Ratio
0.75%
Type
US Equities
Fund Owner
Subversive ETFs
Volume (1m avg. daily)
—
AUM
$2,775,100
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
5.08%
Invest with LGLZ

What is LGLZ?

The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in investments of companies that are directly involved in legal tetrahydrocannabinol ("THC")-related businesses in the United States ("THC Cannabis Companies"). For purposes of this investment policy, the Fund considers a company to be a THC Cannabis Company if the company derives at least 50% of its net revenue from legal THC-related sales in the cannabis industry in the United States. This may include companies that are listed 2 on exchanges in non-U.S. countries where cannabis is legal, but which have operations in the United States. The Fund's investments in THC Cannabis Companies will primarily be in exchange-traded equity securities of THC Cannabis Companies and in derivative instruments (i.e., total return swaps), intended to provide exposure to the securities of THC Cannabis Companies. The Fund may invest all of its assets in total return swaps on THC Cannabis Companies and in collateral related to the Fund's investments in total return swaps. All total return swaps held by the Fund will be cash-settled.

ETFs related toLGLZ

ETFs correlated to LGLZ include IPKW, SPHY, CLOU

LGLZ
Series Portfolios Trust - Subversive Cannabis ETF
IPKW
Invesco Capital Management LLC - Invesco International BuyBack Achievers TM ETF
SPHY
SPDR Series Trust - SPDR Portfolio High Yield Bond ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
EMXC
BlackRock Institutional Trust Company N.A. - IShares MSCI Emerging Markets ex China ETF
AVDE
American Century ETF Trust - Avantis International Equity ETF
JPIN
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return International Equity ETF
DIHP
Dimensional ETF Trust - Dimensional International High Profitability ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
MJ
ETF Managers Group LLC - ETFMG Alternative Harvest 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 toLGLZ

#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 LGLZ using Composer

FAQ

LGLZ is a US Equities ETF. The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in investments of companies that are directly involved in legal tetrahydrocannabinol ("THC")-related businesses in the United States ("THC Cannabis Companies"). For purposes of this investment policy, the Fund considers a company to be a THC Cannabis Company if the company derives at least 50% of its net revenue from legal THC-related sales in the cannabis industry in the United States. This may include companies that are listed 2 on exchanges in non-U.S. countries where cannabis is legal, but which have operations in the United States. The Fund's investments in THC Cannabis Companies will primarily be in exchange-traded equity securities of THC Cannabis Companies and in derivative instruments (i.e., total return swaps), intended to provide exposure to the securities of THC Cannabis Companies. The Fund may invest all of its assets in total return swaps on THC Cannabis Companies and in collateral related to the Fund's investments in total return swaps. All total return swaps held by the Fund will be cash-settled.

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

ETFs similar to LGLZ include SPHQ, DSI, and QUAL.

ETFs correlated to LGLZ include IPKW, SPHY, and CLOU.

ETFs that are inversely correlated to LGLZ include TBLL, FXY, and SJB.

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.