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ETFs

AXS Brendan Wood TopGun Index ETF

TGN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 08 2022
Expense Ratio
0.98%
Type
US Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$849
AUM
$1,829,705
Associated Index
Brendan Wood TopGun Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with TGN

What is TGN?

The AXS Brendan Wood TopGun Index ETF (TGN) seeks to track the performance, before fees and expenses, of the Brendan Wood TopGun Index. It is the only ETF available that holds a portfolio of the public stocks of companies that meet Brendan Wood International's highest standards for quality. The index represents the stocks of approximately 25 companies identified by BWI as having the highest investment quality according to its proprietary rating system. BWI starts with approximately 1,400 companies composing the Brendan Wood Shareholder Conviction Universe, which includes liquid large and mid-cap companies that trade on a U.S. national exchange.

ETFs related toTGN

ETFs correlated to TGN include XAUG, GAUG, AUGW

TGN
Investment Managers Series Trust II - AXS Brendan Wood TopGun Index ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World 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

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 toTGN

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with TGN using Composer

FAQ

TGN is a US Equities ETF. The AXS Brendan Wood TopGun Index ETF (TGN) seeks to track the performance, before fees and expenses, of the Brendan Wood TopGun Index. It is the only ETF available that holds a portfolio of the public stocks of companies that meet Brendan Wood International's highest standards for quality. The index represents the stocks of approximately 25 companies identified by BWI as having the highest investment quality according to its proprietary rating system. BWI starts with approximately 1,400 companies composing the Brendan Wood Shareholder Conviction Universe, which includes liquid large and mid-cap companies that trade on a U.S. national exchange.

TGN tracks the Brendan Wood TopGun Index.

No, TGN 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, TGN 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 TGN is 0.007%. This is the percent change in the value of TGN over the most recent 1-month period. The 3-month return on TGN is 0.0113%. This is the percent change in the value of TGN over the most recent 3-month period.

ETFs similar to TGN include VIG, VYM, and DFAS.

ETFs correlated to TGN include XAUG, GAUG, and AUGW.

ETFs that are inversely correlated to TGN include SPXS, SDS, 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.