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ETFs

Spinnaker ETF Series Parabla Innovation ETF

LZRD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 11 2023
Expense Ratio
0.69%
Type
Global Equities
Fund Owner
Parabla
Volume (1m avg. daily)
$4,928
AUM
$690,181
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

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Invest with LZRD

What is LZRD?

The Fund is an actively managed exchange-traded fund. As an actively managed fund, the Fund will not seek to replicate the performance of an index. The Fund seeks to achieve its investment objective by investing in U.S. listed equity securities of domestic and foreign, including emerging markets, companies that exhibit innovation within their respective sectors. The Advisor considers a company to be an Innovative Company when it relies on or benefits from the development, disruption, scaling, or refinement of products or services, technological improvements, and/or advancements in scientific research relating to their product or service offerings. The Fund's investments are expected to be predominantly in North American-domiciled companies. The Fund's investments may be in the same or related economic sectors, which are expected to include technology, financial, consumer discretionary, and energy.

ETFs related toLZRD

ETFs correlated to LZRD include ARKK, TARK, ARKW

LZRD
Spinnaker ETF Series - Parabla Innovation ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies 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

LZRD is a Global Equities ETF. The Fund is an actively managed exchange-traded fund. As an actively managed fund, the Fund will not seek to replicate the performance of an index. The Fund seeks to achieve its investment objective by investing in U.S. listed equity securities of domestic and foreign, including emerging markets, companies that exhibit innovation within their respective sectors. The Advisor considers a company to be an Innovative Company when it relies on or benefits from the development, disruption, scaling, or refinement of products or services, technological improvements, and/or advancements in scientific research relating to their product or service offerings. The Fund's investments are expected to be predominantly in North American-domiciled companies. The Fund's investments may be in the same or related economic sectors, which are expected to include technology, financial, consumer discretionary, and energy.

Yes, LZRD 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, LZRD 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 LZRD is -0.0271%. This is the percent change in the value of LZRD over the most recent 1-month period. The 3-month return on LZRD is -0.0511%. This is the percent change in the value of LZRD over the most recent 3-month period.

ETFs similar to LZRD include PBW, IGF, and EFG.

ETFs correlated to LZRD include ARKK, TARK, and ARKW.

ETFs that are inversely correlated to LZRD include SARK, WEBS, and HIBS.

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.