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ETFs

Clouty Tune ETF

TUNE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 21 2023
Expense Ratio
0.65%
Type
Global Equities
Fund Owner
Clouty
Volume (1m avg. daily)
$737
AUM
$478,749
Associated Index
Solactive Clouty Tune Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No

Top 10 Holdings

NYT
New York Times Co. - Ordinary Shares - Class A
3.00%
ADBE
Adobe Inc
3.00%
TTWO
Take-Two Interactive Software, Inc.
2.69%
NPSNY
Naspers Ltd - ADR
2.68%
NTDOY
Nintendo Co. Ltd - ADR
2.60%
UMG
Universal Music Group N.V.
2.56%
TIT
Telecom Italia S.p.A.
2.46%
MDB
MongoDB Inc - Ordinary Shares - Class A
2.45%
FICO
Fair, Isaac Corp.
2.42%
WMG
Warner Music Group Corp - Ordinary Shares - Class A
2.42%
Invest with TUNE

What is TUNE?

The Clouty Tune ETF (the "Fund") seeks to track the performance, before fees and expenses, of the Solactive Clouty Tune index (the "Index"). The Index was developed in 2023 by Clouty, Inc. ("Clouty") and is administered by Solactive AG (the "Index Provider"). The ETF offers investors exposure to the growth potential of these sectors by focusing on companies engaged in music production, broadcasting, streaming platforms, event management, content creation, and more. TUNE ETF provides a comprehensive and strategic approach to capturing the opportunities presented by the dynamic and ever-evolving world of music, media, and entertainment.

ETFs related toTUNE

ETFs correlated to TUNE include XT, LGRO, SPHB

TUNE
Tidal Trust II - Clouty Tune ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
ALTL
Pacer Funds Trust - Pacer Lunt Large Cap Alternator ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock 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 toTUNE

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with TUNE using Composer

FAQ

TUNE is a Global Equities ETF. The Clouty Tune ETF (the "Fund") seeks to track the performance, before fees and expenses, of the Solactive Clouty Tune index (the "Index"). The Index was developed in 2023 by Clouty, Inc. ("Clouty") and is administered by Solactive AG (the "Index Provider"). The ETF offers investors exposure to the growth potential of these sectors by focusing on companies engaged in music production, broadcasting, streaming platforms, event management, content creation, and more. TUNE ETF provides a comprehensive and strategic approach to capturing the opportunities presented by the dynamic and ever-evolving world of music, media, and entertainment.

TUNE tracks the Solactive Clouty Tune Index.

No, TUNE 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, TUNE 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 TUNE is -0.0182%. This is the percent change in the value of TUNE over the most recent 1-month period. The 3-month return on TUNE is -0.0335%. This is the percent change in the value of TUNE over the most recent 3-month period.

ETFs similar to TUNE include IXJ, SMH, and URA.

ETFs correlated to TUNE include XT, LGRO, and SPHB.

ETFs that are inversely correlated to TUNE include HIBS, WEBS, and SARK.

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.