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ETFs

LeaderShares Equity Skew ETF

SQEW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 12 2020
Expense Ratio
0.75%
Type
Global Hedge Fund
Fund Owner
LeaderShares
Volume (1m avg. daily)
$643,892
AUM
$135,985,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SLYV
SPDR Series Trust - SPDR S&P 600 Small Cap Value ETF
25.00%
SLYG
SPDR Series Trust - SPDR S&P 600 Small Cap Growth ETF
22.36%
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
20.16%
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF
15.05%
SPEM
SSgA Active Trust - SPDR Portfolio Emerging Markets ETF
6.08%
n/a
BBH SWEEP VEHICLE
1.36%
SPYG
SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF
1.01%
MSFT
Microsoft Corporation
0.70%
META
Meta Platforms Inc - Ordinary Shares - Class A
0.48%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
0.46%
Invest with SQEW

What is SQEW?

The Fund is an actively managed exchange traded fund ( ETF ) that normally invests at least 80% of its net assets, including any borrowings for investment purposes, in equity securities. The Fund defines equity securities to include investments in other investment companies, such as ETFs, that invest primarily in equity securities. The Fund employs a contrarian strategy seeking to buy underperforming asset classes and/or factors and sell outperforming asset classes and/or factors based on quantitative research. The primary equity style exposure and factors are large cap growth, large cap value, small cap growth, small cap value, and emerging market equities. The weightings to these equity style exposures represented by equity securities, are determined using proprietary quantitative methodologies that include statistical skew. Skew or skewness measures the asymmetry of a return distribution between different constituents in a group. The Fund will invest in equity securities with a market capitalization of at least $1 billion. The Fund may have a higher degree of portfolio turnover than funds that seek to replicate the performance of an index. The Fund may engage in active and frequent trading.

ETFs related toSQEW

ETFs correlated to SQEW include VT, ACWI, SPGM

SQEW
Two Roads Shared Trust - LeaderShares Equity Skew ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
VTI
Vanguard Group, Inc. - Vanguard Total Stock Market 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 toSQEW

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with SQEW using Composer

FAQ

SQEW is a Global Hedge Fund ETF. The Fund is an actively managed exchange traded fund ( ETF ) that normally invests at least 80% of its net assets, including any borrowings for investment purposes, in equity securities. The Fund defines equity securities to include investments in other investment companies, such as ETFs, that invest primarily in equity securities. The Fund employs a contrarian strategy seeking to buy underperforming asset classes and/or factors and sell outperforming asset classes and/or factors based on quantitative research. The primary equity style exposure and factors are large cap growth, large cap value, small cap growth, small cap value, and emerging market equities. The weightings to these equity style exposures represented by equity securities, are determined using proprietary quantitative methodologies that include statistical skew. Skew or skewness measures the asymmetry of a return distribution between different constituents in a group. The Fund will invest in equity securities with a market capitalization of at least $1 billion. The Fund may have a higher degree of portfolio turnover than funds that seek to replicate the performance of an index. The Fund may engage in active and frequent trading.

Yes, SQEW 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, SQEW 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 SQEW is -0.0239%. This is the percent change in the value of SQEW over the most recent 1-month period. The 3-month return on SQEW is -0.0193%. This is the percent change in the value of SQEW over the most recent 3-month period.

The standard deviation of SQEW for the past year is 0.1822%. 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 SQEW include PFF, PGF, and PGX.

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

ETFs that are inversely correlated to SQEW include SPXU, SPXS, 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.