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ETFs

Day Hagan/Ned Davis Research Smart Sector International ETF

SSXU
$--
Today’s Change
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Snapshot
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Inception Date
Jun 01 2022
Expense Ratio
0.79%
Type
Global Ex. US Equities
Fund Owner
Day Hagan
Volume (1m avg. daily)
$232,839
AUM
$33,175,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

EWJ
BlackRock Institutional Trust Company N.A. - iShares MSCI Japan ETF
14.40%
MCHI
BlackRock Institutional Trust Company N.A. - iShares MSCI China ETF
12.18%
BIL
SPDR Series Trust - SPDR Bloomberg 1-3 Month T-Bill ETF
9.09%
EWG
BlackRock Institutional Trust Company N.A. - iShares MSCI Germany ETF
7.96%
EWA
BlackRock Institutional Trust Company N.A. - iShares MSCI Australia ETF
7.27%
EWC
BlackRock Institutional Trust Company N.A. - iShares MSCI Canada ETF
6.83%
INDA
BlackRock Institutional Trust Company N.A. - iShares MSCI India ETF
6.27%
EWP
BlackRock Institutional Trust Company N.A. - iShares MSCI Spain ETF
6.12%
EWW
BlackRock Institutional Trust Company N.A. - iShares MSCI Mexico ETF
6.07%
EPU
BlackRock Institutional Trust Company N.A. - iShares MSCI Peru and Global Exposure ETF
5.89%
Invest with SSXU

What is SSXU?

The Fund's investment advisor, Day Hagan Asset Management, actively manages the Fund's portfolio using proprietary investment models co-developed with Ned Davis Research ("NDR"). The Fund is considered a "fund of funds" that, under normal market conditions, seeks to achieve its investment objective by principally investing in unaffiliated international equity exchange traded funds ("ETFs"). The Fund will attempt to exceed returns of the MSCI ACWI ex USA Index (the "Index") by overweighting and underweighting its exposure to geographic locations relative to the Index and may also invest in geographic regions not represented in the Index. The Fund may reduce its overall exposure to ETFs from time to time as determined by its risk management model, as discussed further below. The Index is a free float-adjusted market capitalization weighted index designed to measure the combined equity market performance of developed and emerging markets countries, excluding the U.S. As of May 31, 2022, the Index consisted of securities of 22 developed countries (excluding the US) and 25 emerging markets countries.

ETFs related toSSXU

ETFs correlated to SSXU include VEU, VXUS, ACWX

SSXU
Strategy Shares - Day Hagan/Ned Davis Research Smart Sector International ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
IQDF
FlexShares Trust - FlexShares International Quality Dividend Index Fund
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US 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 toSSXU

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

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 SSXU using Composer

FAQ

SSXU is a Global Ex. US Equities ETF. The Fund's investment advisor, Day Hagan Asset Management, actively manages the Fund's portfolio using proprietary investment models co-developed with Ned Davis Research ("NDR"). The Fund is considered a "fund of funds" that, under normal market conditions, seeks to achieve its investment objective by principally investing in unaffiliated international equity exchange traded funds ("ETFs"). The Fund will attempt to exceed returns of the MSCI ACWI ex USA Index (the "Index") by overweighting and underweighting its exposure to geographic locations relative to the Index and may also invest in geographic regions not represented in the Index. The Fund may reduce its overall exposure to ETFs from time to time as determined by its risk management model, as discussed further below. The Index is a free float-adjusted market capitalization weighted index designed to measure the combined equity market performance of developed and emerging markets countries, excluding the U.S. As of May 31, 2022, the Index consisted of securities of 22 developed countries (excluding the US) and 25 emerging markets countries.

Yes, SSXU 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, SSXU 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 SSXU is -0.008%. This is the percent change in the value of SSXU over the most recent 1-month period. The 3-month return on SSXU is -0.0241%. This is the percent change in the value of SSXU over the most recent 3-month period.

The standard deviation of SSXU for the past year is 0.1516%. 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 SSXU include EZU, EFA, and EEM.

ETFs correlated to SSXU include VEU, VXUS, and ACWX.

ETFs that are inversely correlated to SSXU include EFZ, EPV, and EDZ.

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.