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ETFs

AAM Transformers ETF

TRFM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 11 2022
Expense Ratio
0.49%
Type
Global Equities
Fund Owner
Advisors Asset Management
Volume (1m avg. daily)
$111,065
AUM
$20,029,950
Associated Index
Pence Transformers Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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INTU
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Amazon.com Inc.
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CRM
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1.26%
Invest with TRFM

What is TRFM?

AAM Transformers ETF seeks to track the investment results of the Pence Transformers Index. The Index is a rules-based index that measures the performance of U.S.-listed common equity securities, including American Depositary Receipts ("ADRs") for foreign securities, of companies poised to benefit from a significant disruption and/or transformation of consumer behavior and technological innovation. Examples of significant disruptions and/or transformation of consumer behavior and technological innovation include, but are not limited to, (i) advancements in autonomous driving capabilities and electric vehicle technology disrupting the automobile manufacturers and trucking sub-industries; (ii) changes in consumer behavior shifting retail sales from brick and mortar businesses to digital channels transforming the internet and digital marketing retail sub-industry; (iii) recent developments in cellular data speeds and improvements in mobile technologies disrupting the interactive media and services sub-industry; and (iv) new technologies that provide carbon offsets for existing business models or the development of greener alternatives to existing energy production transforming the renewable electricity producers sub-industry.

ETFs related toTRFM

ETFs correlated to TRFM include THNQ, XT, WTAI

TRFM
ETF Series Solutions Trust - AAM Transformers ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing 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.

FAQ

TRFM is a Global Equities ETF. AAM Transformers ETF seeks to track the investment results of the Pence Transformers Index. The Index is a rules-based index that measures the performance of U.S.-listed common equity securities, including American Depositary Receipts ("ADRs") for foreign securities, of companies poised to benefit from a significant disruption and/or transformation of consumer behavior and technological innovation. Examples of significant disruptions and/or transformation of consumer behavior and technological innovation include, but are not limited to, (i) advancements in autonomous driving capabilities and electric vehicle technology disrupting the automobile manufacturers and trucking sub-industries; (ii) changes in consumer behavior shifting retail sales from brick and mortar businesses to digital channels transforming the internet and digital marketing retail sub-industry; (iii) recent developments in cellular data speeds and improvements in mobile technologies disrupting the interactive media and services sub-industry; and (iv) new technologies that provide carbon offsets for existing business models or the development of greener alternatives to existing energy production transforming the renewable electricity producers sub-industry.

TRFM tracks the Pence Transformers Index.

No, TRFM 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, TRFM 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 TRFM is -0.0196%. This is the percent change in the value of TRFM over the most recent 1-month period. The 3-month return on TRFM is -0.0254%. This is the percent change in the value of TRFM over the most recent 3-month period.

The standard deviation of TRFM for the past year is 0.2956%. 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 TRFM include PBW, IGF, and ARKK.

ETFs correlated to TRFM include THNQ, XT, and WTAI.

ETFs that are inversely correlated to TRFM include HIBS, WEBS, and QID.

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.