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ETFs

SEI Enhanced U.S. Large Cap Momentum Factor ETF

SEIM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 18 2022
Expense Ratio
0.15%
Type
US Equities
Fund Owner
SEI Investments Company
Volume (1m avg. daily)
$233,047
AUM
$27,154,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

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Invest with SEIM

What is SEIM?

SEI Enhanced US Large Cap Momentum Factor ETF seeks to provide long-term capital appreciation by investing primarily in US common stocks exhibiting relatively strong recent performance or momentum as determined by SIMC. Under normal circumstances, the SEI Enhanced US Large Cap Momentum Factor ETF will invest at least 80 percent of its net assets (plus the amount of any borrowings for investment purposes) in equity and equity-related securities (such as convertible bonds, convertible preferred stock, depositary receipts, warrants, and rights) issued by large US companies.

ETFs related toSEIM

ETFs correlated to SEIM include FLQL, PDP, PWB

SEIM
SEI Exchange Traded Funds - SEI Enhanced U.S. Large Cap Momentum Factor ETF
FLQL
Franklin Templeton ETF Trust - Franklin U.S. Large Cap Multifactor Index ETF
PDP
Invesco Capital Management LLC - Invesco Dorsey Wright Momentum ETF
PWB
Invesco Capital Management LLC - Invesco Large Cap Growth ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
XLSR
SSgA Active Trust - SPDR SSGA U.S. Sector Rotation ETF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
LRGF
BlackRock Institutional Trust Company N.A. - iShares U.S. Equity Factor ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
DFUS
Dimensional ETF Trust - Dimensional U.S. Equity 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 toSEIM

#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 SEIM using Composer

FAQ

SEIM is a US Equities ETF. SEI Enhanced US Large Cap Momentum Factor ETF seeks to provide long-term capital appreciation by investing primarily in US common stocks exhibiting relatively strong recent performance or momentum as determined by SIMC. Under normal circumstances, the SEI Enhanced US Large Cap Momentum Factor ETF will invest at least 80 percent of its net assets (plus the amount of any borrowings for investment purposes) in equity and equity-related securities (such as convertible bonds, convertible preferred stock, depositary receipts, warrants, and rights) issued by large US companies.

Yes, SEIM 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, SEIM 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 SEIM is -0.0046%. This is the percent change in the value of SEIM over the most recent 1-month period. The 3-month return on SEIM is -0.017%. This is the percent change in the value of SEIM over the most recent 3-month period.

The standard deviation of SEIM for the past year is 0.1678%. 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 SEIM include SPHQ, DSI, and QUAL.

ETFs correlated to SEIM include FLQL, PDP, and PWB.

ETFs that are inversely correlated to SEIM include SH, SPDN, and SDS.

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.