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ETFs

The Meet Kevin Pricing Power ETF

PP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 28 2022
Expense Ratio
0.77%
Type
US Equities
Fund Owner
Meet Kevin
Volume (1m avg. daily)
$531,106
AUM
$36,766,170
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

TSLA
Tesla Inc
26.69%
ENPH
Enphase Energy Inc
14.98%
NVDA
NVIDIA Corp
9.20%
INTC
Intel Corp.
5.28%
ASML
ASML Holding NV - New York Shares
5.15%
TTD
Trade Desk Inc - Ordinary Shares - Class A
5.13%
AAPL
Apple Inc
5.07%
TSM
Taiwan Semiconductor Manufacturing - ADR
5.05%
AMD
Advanced Micro Devices Inc.
4.91%
UI
Ubiquiti Inc
4.88%
Invest with PP

What is PP?

The MeetKevin Purchase Power ETF is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing primarily in the U.S.-listed equity securities of Innovative Companies. The MeetKevin Purchase Power ETF categorizes an Innovative Company as a company to be involved in the development of new products or services, technological advancements, consumer engagement, and/or disruptive approaches with respect to business growth that the Sub-Adviser expects to have a significant impact on the market or industry in which the company operates.

ETFs related toPP

ETFs correlated to PP include ARKQ, TSLR, QCLN

PP
Tidal Trust II - The Meet Kevin Pricing Power ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
TSLR
GraniteShares ETF Trust - GraniteShares 1.75x Long TSLA Daily ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
BULZ
Bank of Montreal - MicroSectorsTM Solactive FANG Innovation 3X Leveraged ETNs
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
FNGU
Bank of Montreal - BMO REX MicroSectors FANG+ Index 3X Leveraged ETN
FNGS
Bank of Montreal - MicroSectors FANG ETNs
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth 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 toPP

#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 PP using Composer

FAQ

PP is a US Equities ETF. The MeetKevin Purchase Power ETF is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing primarily in the U.S.-listed equity securities of Innovative Companies. The MeetKevin Purchase Power ETF categorizes an Innovative Company as a company to be involved in the development of new products or services, technological advancements, consumer engagement, and/or disruptive approaches with respect to business growth that the Sub-Adviser expects to have a significant impact on the market or industry in which the company operates.

Yes, PP 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, PP 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 PP is -0.0109%. This is the percent change in the value of PP over the most recent 1-month period. The 3-month return on PP is -0.084%. This is the percent change in the value of PP over the most recent 3-month period.

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

ETFs correlated to PP include ARKQ, TSLR, and QCLN.

ETFs that are inversely correlated to PP include BERZ, FNGD, and SQQQ.

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.