Skip to Content
ETFs

Rareview Dynamic Fixed Income ETF

RDFI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 21 2020
Expense Ratio
3.12%
Type
Global Closed End Funds
Fund Owner
Rareview Funds
Volume (1m avg. daily)
$40,775
AUM
$37,302,433
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
TREASURY BILL
10.90%
FAX
ABERDEEN ASIA-PAC INCOME FD
8.38%
n/a
CASH AND CASH EQUIVALENTS
8.20%
BTZ
BLACKROCK CREDIT ALLOCATION
8.04%
JPS
NUVEEN PFD SEC INCOME FD
6.09%
FPF
FIRST TRUST INTERMEDIATE DUR
6.03%
EDD
MORGAN STANLEY EMERGING MARK
5.73%
BKT
BLACKROCK INCOME TRUST
4.61%
NZF
NUVEEN MUNICIPAL CREDIT I
3.55%
NVG
NUVEEN ENH AMT-FR MUNI CR FD
2.88%
Invest with RDFI

What is RDFI?

The Fund is an actively managed exchange-traded fund. The Fund seeks to achieve its investment objective principally through investments in closed-end funds. Under normal market conditions, the Fund will invest in fixed income closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions. In selecting securities for the Fund s portfolio, the Adviser uses a top-down macro asset allocation approach to select closed-end funds that the Adviser believes will contribute to the achievement of the Fund s investment objective. Investments in closed-end funds will generally fall within a custom asset class designed by the Adviser to replicate a broader investment class.

ETFs related toRDFI

ETFs correlated to RDFI include PYLD, IBDY, PCEF

RDFI
Collaborative Investment Series Trust - Rareview Dynamic Fixed Income ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
PCEF
Invesco Capital Management LLC - Invesco CEF Income Composite ETF
BINC
BlackRock ETF Trust II - BlackRock Flexible Income ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
YYY
Amplify ETF Trust - Amplify High Income ETF
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
EMHY
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM High Yield Bond ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
VWOB
Vanguard Group, Inc. - Vanguard Emerging Markets Government 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.

FAQ

RDFI is a Global Closed End Funds ETF. The Fund is an actively managed exchange-traded fund. The Fund seeks to achieve its investment objective principally through investments in closed-end funds. Under normal market conditions, the Fund will invest in fixed income closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions. In selecting securities for the Fund s portfolio, the Adviser uses a top-down macro asset allocation approach to select closed-end funds that the Adviser believes will contribute to the achievement of the Fund s investment objective. Investments in closed-end funds will generally fall within a custom asset class designed by the Adviser to replicate a broader investment class.

Yes, RDFI 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, RDFI 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 RDFI is -0.0205%. This is the percent change in the value of RDFI over the most recent 1-month period. The 3-month return on RDFI is -0.0269%. This is the percent change in the value of RDFI over the most recent 3-month period.

The standard deviation of RDFI for the past year is 0.0953%. 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 RDFI include PFF, PGF, and PGX.

ETFs correlated to RDFI include PYLD, IBDY, and PCEF.

ETFs that are inversely correlated to RDFI include SJB, EFZ, and SRS.

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.