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ETFs

Strive U.S. Semiconductor ETF

SHOC
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 06 2022
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Strive Asset Management
Volume (1m avg. daily)
$250,688
AUM
$34,529,652
Associated Index
Solactive United States Semiconductors 30 Capped Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

INTC
Intel Corp.
8.46%
NVDA
NVIDIA Corp
7.91%
AVGO
Broadcom Inc
7.74%
TXN
Texas Instruments Inc.
7.31%
AMD
Advanced Micro Devices Inc.
6.79%
MU
Micron Technology Inc.
5.33%
LRCX
Lam Research Corp.
4.73%
KLAC
KLA Corp.
4.66%
AMAT
Applied Materials Inc.
4.60%
ON
ON Semiconductor Corp.
4.60%
Invest with SHOC

What is SHOC?

SHOC is a passively managed Exchange Traded Fund (ETF) that seeks broad market exposure to the US semiconductor sector. SHOC offers concentrated exposure to the US semiconductor sector through a cost efficient index product. Through Corporate Governance practices, including voting proxy shares and proactively engaging with management teams and boards, Strive aims to unlock value in the US semiconductor sector by mandating companies to focus on profits over politics. The Solactive United States Semiconductors 30 Capped Index intends to track the performance of the 30 largest US semiconductor companies. The index selects securities based off free float market capitalization subject to a maximum weight for the top 5 index holdings of 7.5% and a maximum index weighting of 4.5% for all other holdings. The index is calculated as a price return index in USD and is reconstituted quarterly.

ETFs related toSHOC

ETFs correlated to SHOC include SOXL, SOXX, SOXQ

SHOC
EA Series Trust - Strive U.S. Semiconductor ETF
SOXL
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X Shares
SOXX
BlackRock Institutional Trust Company N.A. - iShares Semiconductor ETF
SOXQ
Invesco Exchange-Traded Fund Trust II - Invesco PHLX Semiconductor ETF
SMH
VanEck ETF Trust - VanEck Semiconductor ETF
PSI
Invesco Capital Management LLC - Invesco Semiconductors ETF
FTXL
First Trust Exchange-Traded Fund III - First Trust Nasdaq Semiconductor ETF
USD
ProShares Trust - ProShares Ultra Semiconductors 2X Shares
XSD
SPDR Series Trust - SPDR Semiconductors ETF
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF
RSPT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology 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

SHOC is a US Equities ETF. SHOC is a passively managed Exchange Traded Fund (ETF) that seeks broad market exposure to the US semiconductor sector. SHOC offers concentrated exposure to the US semiconductor sector through a cost efficient index product. Through Corporate Governance practices, including voting proxy shares and proactively engaging with management teams and boards, Strive aims to unlock value in the US semiconductor sector by mandating companies to focus on profits over politics. The Solactive United States Semiconductors 30 Capped Index intends to track the performance of the 30 largest US semiconductor companies. The index selects securities based off free float market capitalization subject to a maximum weight for the top 5 index holdings of 7.5% and a maximum index weighting of 4.5% for all other holdings. The index is calculated as a price return index in USD and is reconstituted quarterly.

SHOC tracks the Solactive United States Semiconductors 30 Capped Index.

No, SHOC is not actively managed. It is passively 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.

Yes, SHOC is passively 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 SHOC is -0.026%. This is the percent change in the value of SHOC over the most recent 1-month period. The 3-month return on SHOC is -0.0293%. This is the percent change in the value of SHOC over the most recent 3-month period.

ETFs similar to SHOC include XLI, XLY, and XLV.

ETFs correlated to SHOC include SOXL, SOXX, and SOXQ.

ETFs that are inversely correlated to SHOC include SOXS, TECS, and BERZ.

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.