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ETFs

Tema Global Royalties ETF

ROYA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 17 2023
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
Tema
Volume (1m avg. daily)
$166,621
AUM
$5,004,200
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

WPM
Wheaton Precious Metals Corp
5.25%
ALS
Altius Minerals Corp.
5.24%
TPL
Texas Pacific Land Corporation
5.15%
FNV
Franco-Nevada Corporation
5.12%
IDCC
Interdigital Inc
4.92%
SAND
Sandstorm Gold Ltd
4.89%
PSK
PrairieSky Royalty Ltd
4.78%
WMG
Warner Music Group Corp - Ordinary Shares - Class A
4.62%
n/a
Cash & Other
4.53%
RPRX
Royalty Pharma plc - Ordinary Shares - Class A
4.30%
Invest with ROYA

What is ROYA?

The actively managed Tema Global Royalties ETF seeks to provide a balance of long-term growth and current income by investing in listed royalty companies that provide structured exposure to revenue streams from commodities, pharmaceutical, entertainment and intellectual property assets. Royalty companies earn a share of future revenues in exchange for investment. Royalties accrue directly from the revenue line of an underlying asset, underscoring their scalability while avoiding most operational and financial risks. As such, these businesses are able to generate contractual real income for investors.

ETFs related toROYA

ETFs correlated to ROYA include INFL, OUSM, SMMD

ROYA
Tema ETF Trust - Tema Global Royalties ETF
INFL
Listed Funds Trust - Horizon Kinetics Inflation Beneficiaries ETF
OUSM
OSI ETF Trust - ALPS O'Shares U.S. Small-Cap Quality Dividend ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
FNX
First Trust Exchange-Traded Fund III - First Trust Mid Cap Core AlphaDEX Fund
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
JPSE
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Small Cap Equity ETF
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value 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

ROYA is a Global Equities ETF. The actively managed Tema Global Royalties ETF seeks to provide a balance of long-term growth and current income by investing in listed royalty companies that provide structured exposure to revenue streams from commodities, pharmaceutical, entertainment and intellectual property assets. Royalty companies earn a share of future revenues in exchange for investment. Royalties accrue directly from the revenue line of an underlying asset, underscoring their scalability while avoiding most operational and financial risks. As such, these businesses are able to generate contractual real income for investors.

Yes, ROYA 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, ROYA 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 ROYA is -0.0042%. This is the percent change in the value of ROYA over the most recent 1-month period. The 3-month return on ROYA is %. This is the percent change in the value of ROYA over the most recent 3-month period.

ETFs similar to ROYA include PBW, IGF, and ARKK.

ETFs correlated to ROYA include INFL, OUSM, and SMMD.

ETFs that are inversely correlated to ROYA include TWM, RWM, and SRTY.

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.