Skip to Content
ETFs

Cboe Validus S&P 500 Dynamic PutWrite Index ETF

PUTD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 09 2023
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Validus
Volume (1m avg. daily)
$977
AUM
$1,989,180
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS BILLS 10/12/2023
101.05%
n/a
Cash & Other
2.48%
n/a
CBOE MIN PUT OPT 10/23 451
-0.39%
n/a
CBOE S&P PUT OPT 10/23 4390
-0.49%
n/a
CBOE S&P PUT OPT 10/23 4495
-0.84%
n/a
CBOE S&P PUT OPT 10/23 4505
-0.88%
n/a
CBOE S&P PUT OPT 10/23 4515
-0.93%
Invest with PUTD

What is PUTD?

The Fund tracks the CBOE Validus S&P500 Dynamic PutWrite Index, which is a cutting-edge, rule-based index that aims to generate a better risk-adjusted return (as measured by Sharpe ratio) than that of the S&P500 benchmark. The PUTD Fund aims to deliver superior performance in various market conditions, including neutral, bullish and bearish environments. The fund aims to reduce maximum drawdowns and shorter durations of underperformance during challenging market periods.

ETFs related toPUTD

ETFs correlated to PUTD include GAUG, XAUG, LGRO

PUTD
Tidal Trust II - Cboe Validus S&P 500 Dynamic PutWrite Index ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
SPYI
NEOS ETF Trust - NEOS S&P 500 High Income ETF
PAUG
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - August
FTHI
First Trust Exchange-Traded Fund VI - First Trust BuyWrite Income ETF
DOCT
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - October
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
SFY
Tidal ETF Trust - SoFi Select 500 ETF
STRV
EA Series Trust - Strive 500 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

PUTD is a US Equities ETF. The Fund tracks the CBOE Validus S&P500 Dynamic PutWrite Index, which is a cutting-edge, rule-based index that aims to generate a better risk-adjusted return (as measured by Sharpe ratio) than that of the S&P500 benchmark. The PUTD Fund aims to deliver superior performance in various market conditions, including neutral, bullish and bearish environments. The fund aims to reduce maximum drawdowns and shorter durations of underperformance during challenging market periods.

Yes, PUTD 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, PUTD 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 PUTD is 0.0033%. This is the percent change in the value of PUTD over the most recent 1-month period. The 3-month return on PUTD is %. This is the percent change in the value of PUTD over the most recent 3-month period.

ETFs similar to PUTD include PKW, DIVO, and XYLD.

ETFs correlated to PUTD include GAUG, XAUG, and LGRO.

ETFs that are inversely correlated to PUTD include UVIX, UVXY, and VIXY.

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.