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ETFs

TrueShares Structured Outcome (November) ETF

NOVZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 30 2020
Expense Ratio
0.79%
Type
US Equities
Fund Owner
TrueShares
Volume (1m avg. daily)
$472,714
AUM
$16,129,085
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS BILLS 11/02/2023
90.84%
n/a
SPY 10/31/2023 386.21 C
9.11%
n/a
Cash & Other
0.13%
n/a
SPY 10/31/2023 347.59 P
-0.08%
Invest with NOVZ

What is NOVZ?

TrueShares Structured Outcome ETF Series is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing substantially all of its assets in options that reference the S&P 500 Price Index. The Fund utilizes a buffer protect options strategy, that seeks to provide investors with returns (before fees and expenses) that track those of the S&P 500 Index while seeking to provide an 8-12% downside buffer (with the advisor targeting 10%) on the first of that index s losses over a 12-month investment period. The NOVZ defined investment period begins on November 2, 2020 and resets exactly 12 months later. The strategy is implemented through the purchase and sale of options on the S&P 500 Price Index or an ETF that tracks the S&P 500 Price Return Index. While there is no guarantee the Fund will be successful in providing these outcomes in any period, the intent of the ETFs in the series is to provide uncapped equity market upside participation (subject to options pricing) with a measure of downside risk mitigation.

ETFs related toNOVZ

ETFs correlated to NOVZ include DECZ, SPUU, GAUG

NOVZ
Listed Funds Trust - TrueShares Structured Outcome (November) ETF
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares

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 toNOVZ

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NOVZ using Composer

FAQ

NOVZ is a US Equities ETF. TrueShares Structured Outcome ETF Series is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing substantially all of its assets in options that reference the S&P 500 Price Index. The Fund utilizes a buffer protect options strategy, that seeks to provide investors with returns (before fees and expenses) that track those of the S&P 500 Index while seeking to provide an 8-12% downside buffer (with the advisor targeting 10%) on the first of that index s losses over a 12-month investment period. The NOVZ defined investment period begins on November 2, 2020 and resets exactly 12 months later. The strategy is implemented through the purchase and sale of options on the S&P 500 Price Index or an ETF that tracks the S&P 500 Price Return Index. While there is no guarantee the Fund will be successful in providing these outcomes in any period, the intent of the ETFs in the series is to provide uncapped equity market upside participation (subject to options pricing) with a measure of downside risk mitigation.

NOVZ tracks the S&P 500 Index.

No, NOVZ is not actively managed. It is passively 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.

Yes, NOVZ is passively 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 NOVZ is -0.0069%. This is the percent change in the value of NOVZ over the most recent 1-month period. The 3-month return on NOVZ is 0.0021%. This is the percent change in the value of NOVZ over the most recent 3-month period.

The standard deviation of NOVZ for the past year is 0.1405%. 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 NOVZ include UAPR, UAUG, and ACIO.

ETFs correlated to NOVZ include DECZ, SPUU, and GAUG.

ETFs that are inversely correlated to NOVZ include SPDN, SDS, and SPXS.

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.