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ETFs

AdvisorShares Newfleet Multi-Sector Income ETF

MINC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 19 2013
Expense Ratio
0.75%
Type
US Bonds
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$84,677
AUM
$16,319,389
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
JP MORGAN USD GOVT MONEY MARKET INSTL
100.02%
n/a
CASH
-0.03%
n/a
RCKT 2020-1 A1 FRN 2/25/2050
0.00%
Invest with MINC

What is MINC?

The AdvisorShares Newfleet Multi-Sector Income ETF (NYSE Arca: MINC) seeks to provide current income consistent with preservation of capital, while limiting fluctuations in net asset value ( NAV ) due to changes in interest rates. MINC is managed by Newfleet Asset Management ( Portfolio Manager ), an investment subsidiary of Virtus Investment Partners.

ETFs related toMINC

ETFs correlated to MINC include VGSH, SHY, SCHO

MINC
Advisorshares Trust - AdvisorShares Newfleet Multi-Sector Income ETF
VGSH
Vanguard Group, Inc. - Vanguard Short-Term Treasury ETF
SHY
BlackRock Institutional Trust Company N.A. - iShares 1-3 Year Treasury Bond ETF
SCHO
Schwab Strategic Trust - Schwab Short-Term U.S. Treasury ETF
UTWO
Rbb Fund Inc - US Treasury 2 Year Note ETF
IBTG
iShares Trust - iShares iBonds Dec 2026 Term Treasury ETF
TUA
Simplify Exchange Traded Funds - Simplify Short Term Treasury Futures Strategy ETF
SPTS
SSgA Active Trust - SPDR Portfolio Short Term Treasury ETF
IBTH
iShares Trust - iShares iBonds Dec 2027 Term Treasury ETF
BSV
Vanguard Group, Inc. - Vanguard Short-Term Bond ETF
IEI
BlackRock Institutional Trust Company N.A. - iShares 3-7 Year Treasury Bond 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 toMINC

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#ROT

Ride the Oil Trend

Category

Featured, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with MINC using Composer

FAQ

MINC is a US Bonds ETF. The AdvisorShares Newfleet Multi-Sector Income ETF (NYSE Arca: MINC) seeks to provide current income consistent with preservation of capital, while limiting fluctuations in net asset value ( NAV ) due to changes in interest rates. MINC is managed by Newfleet Asset Management ( Portfolio Manager ), an investment subsidiary of Virtus Investment Partners.

Yes, MINC 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, MINC 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 MINC is -0.0009%. This is the percent change in the value of MINC over the most recent 1-month period. The 3-month return on MINC is 0.0083%. This is the percent change in the value of MINC over the most recent 3-month period.

The standard deviation of MINC for the past year is 0.0366%. 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 MINC include SPAB, AGG, and GVI.

ETFs correlated to MINC include VGSH, SHY, and SCHO.

ETFs that are inversely correlated to MINC include PST, TBX, and DBMF.

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.