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ETFs

American Century Mid Cap Growth Impact ETF

MID
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 13 2020
Expense Ratio
0.45%
Type
US Equities
Fund Owner
American Century Investments
Volume (1m avg. daily)
$92,465
AUM
$42,906,262
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

IQV
IQVIA Holdings Inc
6.43%
MANH
Manhattan Associates, Inc.
5.96%
MPWR
Monolithic Power System Inc
5.45%
CDNS
Cadence Design Systems, Inc.
5.23%
APTV
Aptiv PLC
4.67%
DXCM
Dexcom Inc
4.48%
KEYS
Keysight Technologies Inc
4.41%
TT
Trane Technologies plc - Ordinary Shares - Class A
4.17%
ENPH
Enphase Energy Inc
3.99%
ABNB
Airbnb Inc - Ordinary Shares - Class A
3.92%
Invest with MID

What is MID?

American Century Mid Cap Growth Impact ETF (MID) invests in high-quality mid-cap growth-oriented companies. It uses a top-down and bottom-up stock selection process utilizing proprietary fundamental research to invest in a portfolio of primarily U.S. mid cap companies exhibiting durable business improvement underpinned by long-term thematic drivers. It constructs a portfolio that emphasizes stock selection and alignment with UN Sustainable Development Goals (SDGs). The initial research process begins by analyzing the United Nations Sustainable Development Goals (SDG) to identify companies that generate, or could generate, social and environmental impact alongside a financial return.

ETFs related toMID

ETFs correlated to MID include IWP, VOT, IMCG

MID
American Century ETF Trust - American Century Mid Cap Growth Impact ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
QGRO
American Century ETF Trust - American Century U.S. Quality Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index 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 toMID

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with MID using Composer

FAQ

MID is a US Equities ETF. American Century Mid Cap Growth Impact ETF (MID) invests in high-quality mid-cap growth-oriented companies. It uses a top-down and bottom-up stock selection process utilizing proprietary fundamental research to invest in a portfolio of primarily U.S. mid cap companies exhibiting durable business improvement underpinned by long-term thematic drivers. It constructs a portfolio that emphasizes stock selection and alignment with UN Sustainable Development Goals (SDGs). The initial research process begins by analyzing the United Nations Sustainable Development Goals (SDG) to identify companies that generate, or could generate, social and environmental impact alongside a financial return.

Yes, MID 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, MID 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 MID is -0.0185%. This is the percent change in the value of MID over the most recent 1-month period. The 3-month return on MID is -0.0283%. This is the percent change in the value of MID over the most recent 3-month period.

The standard deviation of MID for the past year is 0.2305%. 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 MID include SPHQ, DSI, and QUAL.

ETFs correlated to MID include IWP, VOT, and IMCG.

ETFs that are inversely correlated to MID include HIBS, SH, and SPXU.

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.