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ETFs

Pacer Industrials and Logistics ETF

SHPP
$--
Today’s Change
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Snapshot
*

Inception Date
Jun 08 2022
Expense Ratio
0.60%
Type
Global Equities
Fund Owner
Pacer Financial
Volume (1m avg. daily)
$2,913
AUM
$996,956
Associated Index
Pacer Global Supply Chain Infrastructure Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SAP
Sap SE
10.21%
UNP
Union Pacific Corp.
9.38%
UPS
United Parcel Service, Inc. - Ordinary Shares - Class B
8.18%
CNR
Canadian National Railway Co.
5.31%
CP
Canadian Pacific Kansas City Limited
5.24%
FDX
Fedex Corp
4.82%
CSX
CSX Corp.
4.56%
DHL
Deutsche Post AG - Registered Shares
3.77%
NSC
Norfolk Southern Corp.
3.35%
ODFL
Old Dominion Freight Line, Inc.
3.17%
Invest with SHPP

What is SHPP?

A rules-based exchange traded fund (ETF) that aims to offer investors exposure to globally-listed stocks and depositary receipts involved in the support and functioning of global distribution supply chains.

ETFs related toSHPP

ETFs correlated to SHPP include VT, SPGM, ACWI

SHPP
Pacer Funds Trust - Pacer Industrials and Logistics ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
IYT
BlackRock Institutional Trust Company N.A. - iShares U.S. Transportation ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
EXI
BlackRock Institutional Trust Company N.A. - iShares Global Industrials ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
ROBO
Exchange Traded Concepts Trust - ROBO Global Robotics and Automation Index 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 toSHPP

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with SHPP using Composer

FAQ

SHPP is a Global Equities ETF. A rules-based exchange traded fund (ETF) that aims to offer investors exposure to globally-listed stocks and depositary receipts involved in the support and functioning of global distribution supply chains.

SHPP tracks the Pacer Global Supply Chain Infrastructure Index.

No, SHPP 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, SHPP 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 SHPP is -0.0201%. This is the percent change in the value of SHPP over the most recent 1-month period. The 3-month return on SHPP is -0.0119%. This is the percent change in the value of SHPP over the most recent 3-month period.

The standard deviation of SHPP for the past year is 0.1887%. 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 SHPP include IXJ, SMH, and URA.

ETFs correlated to SHPP include VT, SPGM, and ACWI.

ETFs that are inversely correlated to SHPP include HIBS, SPXU, 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.