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ETFs

Tidal ETF Trust SoFi Web 3 ETF

TWEB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 09 2022
Expense Ratio
0.59%
Type
Global Equities
Fund Owner
Sofi
Volume (1m avg. daily)
$26,422
AUM
$1,601,956
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

META
Meta Platforms Inc - Ordinary Shares - Class A
5.69%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
5.49%
NVDA
NVIDIA Corp
5.38%
DKNG
DraftKings Inc. - Ordinary Shares - Class A
5.34%
8473
SBI Holdings, Inc.
5.10%
MSFT
Microsoft Corporation
4.31%
FNKO
Funko Inc - Ordinary Shares - Class A
4.21%
COIN
Coinbase Global Inc - Ordinary Shares - Class A
3.96%
GME
Gamestop Corporation - Ordinary Shares - Class A
3.95%
CMPO
CompoSecure Inc - Ordinary Shares - Class A
3.87%
Invest with TWEB

What is TWEB?

The SoFi Web 3 ETF seeks to track the performance, before fees and expenses, of the SoFi Solactive ARTIS Web 3.0 Index. The Index's initial investable universe consists of equity securities listed on securities exchanges in the U.S., developed markets, and South Korea. The Index includes equity securities of companies (each, a "Web 3.0 Company") with products or services in one of the following four thematic categories Big Data & Artificial Intelligence; Blockchain Technology; Metaverse; and NFT & Tokenization.

ETFs related toTWEB

ETFs correlated to TWEB include GAUG, GJUL, ARKW

TWEB
Tidal ETF Trust - SoFi Web 3 ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
FDIG
Fidelity Covington Trust - Fidelity Crypto Industry and Digital Payments ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug 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

TWEB is a Global Equities ETF. The SoFi Web 3 ETF seeks to track the performance, before fees and expenses, of the SoFi Solactive ARTIS Web 3.0 Index. The Index's initial investable universe consists of equity securities listed on securities exchanges in the U.S., developed markets, and South Korea. The Index includes equity securities of companies (each, a "Web 3.0 Company") with products or services in one of the following four thematic categories Big Data & Artificial Intelligence; Blockchain Technology; Metaverse; and NFT & Tokenization.

Yes, TWEB 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, TWEB 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 TWEB is -0.039%. This is the percent change in the value of TWEB over the most recent 1-month period. The 3-month return on TWEB is -0.0157%. This is the percent change in the value of TWEB over the most recent 3-month period.

The standard deviation of TWEB for the past year is 2.7725%. 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 TWEB include PBW, IGF, and EFG.

ETFs correlated to TWEB include GAUG, GJUL, and ARKW.

ETFs that are inversely correlated to TWEB include SARK, WEBS, and HDGE.

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.