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ETFs

Hennessy Stance ESG ETF

STNC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 16 2021
Expense Ratio
0.85%
Type
US Equities
Fund Owner
Hennessy Funds
Volume (1m avg. daily)
$26,487
AUM
$42,254,470
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

HUM
Humana Inc.
4.70%
REGN
Regeneron Pharmaceuticals, Inc.
4.50%
VRSK
Verisk Analytics Inc
4.40%
LLY
Lilly(Eli) & Co
4.30%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
4.10%
MA
Mastercard Incorporated - Ordinary Shares - Class A
4.10%
EXC
Exelon Corp.
4.10%
ADSK
Autodesk Inc.
3.70%
AVY
Avery Dennison Corp.
3.60%
FSLR
First Solar Inc
3.60%
Invest with STNC

What is STNC?

The Fund is an actively managed exchange-traded fund ( ETF ) that will invest, under normal circumstances at least 80% of the value of its net assets (plus the amount of any borrowings for investment purposes) in exchange-traded equity securities of U.S. large capitalization issuers that meet environmental, social, and governance ( ESG ) standards, as determined and in the sole discretion of Stance Capital, LLC. The Fund currently considers companies within the Russell 1000 Index and S&P 500 Index to be large capitalization issuers. In identifying investments for the Fund, Stance utilizes three independent processes. First, we apply a rules-based methodology to the universe of large capitalization companies and identifies companies that successfully manage in Stance s view and in its sole discretion sustainability-related key performance indicators ( KPIs ) such as energy productivity, carbon intensity, water dependence, waste profile and KPIs relating to governance, including capacity to innovate, unfunded pension fund liabilities, chief executive officer/average worker pay, safety performance, employee turnover, leadership diversity, percentage tax paid, and percent of bonus linked to sustainability performance. Companies who have engaged exclusively or primarily in weapons, tobacco, or thermal coal, may be excluded from consideration. Second, we apply a machine learning model which uses financial, risk, and other factors to identify companies that in our view, based on our sole discretion are most likely to outperform both in absolute returns and in risk adjusted returns over the next quarter. Finally, the portfolio is optimized to attempt to minimize tail risk and maximize diversification.

ETFs related toSTNC

ETFs correlated to STNC include DUHP, JHML, TPLC

STNC
Hennessy Funds Trust - Hennessy Stance ESG ETF
DUHP
Dimensional ETF Trust - Dimensional US High Profitability ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
TPLC
Timothy Plan - Timothy Plan US Large/Mid Cap Core ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
VIG
Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF
DSTL
ETF Series Solutions Trust - Distillate U.S. Fundamental Stability & Value ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
TDVG
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Dividend Growth ETF
AVSU
American Century ETF Trust - Avantis Responsible 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 toSTNC

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with STNC using Composer

FAQ

STNC is a US Equities ETF. The Fund is an actively managed exchange-traded fund ( ETF ) that will invest, under normal circumstances at least 80% of the value of its net assets (plus the amount of any borrowings for investment purposes) in exchange-traded equity securities of U.S. large capitalization issuers that meet environmental, social, and governance ( ESG ) standards, as determined and in the sole discretion of Stance Capital, LLC. The Fund currently considers companies within the Russell 1000 Index and S&P 500 Index to be large capitalization issuers. In identifying investments for the Fund, Stance utilizes three independent processes. First, we apply a rules-based methodology to the universe of large capitalization companies and identifies companies that successfully manage in Stance s view and in its sole discretion sustainability-related key performance indicators ( KPIs ) such as energy productivity, carbon intensity, water dependence, waste profile and KPIs relating to governance, including capacity to innovate, unfunded pension fund liabilities, chief executive officer/average worker pay, safety performance, employee turnover, leadership diversity, percentage tax paid, and percent of bonus linked to sustainability performance. Companies who have engaged exclusively or primarily in weapons, tobacco, or thermal coal, may be excluded from consideration. Second, we apply a machine learning model which uses financial, risk, and other factors to identify companies that in our view, based on our sole discretion are most likely to outperform both in absolute returns and in risk adjusted returns over the next quarter. Finally, the portfolio is optimized to attempt to minimize tail risk and maximize diversification.

Yes, STNC 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, STNC 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 STNC is -0.0194%. This is the percent change in the value of STNC over the most recent 1-month period. The 3-month return on STNC is -0.0273%. This is the percent change in the value of STNC over the most recent 3-month period.

The standard deviation of STNC for the past year is 0.161%. 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 STNC include SPHQ, DSI, and QUAL.

ETFs correlated to STNC include DUHP, JHML, and TPLC.

ETFs that are inversely correlated to STNC include SDS, SPXS, and SPDN.

Disclaimers

*

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.