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ETFs

Dynamic Short Short-Term Volatility Futures ETF

WEIX
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Today’s Change
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Snapshot
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Inception Date
Jan 13 2022
Expense Ratio
0.50%
Type
US Hedge Fund
Fund Owner
Dynamic Shares
Volume (1m avg. daily)
$11,232
AUM
$5,124,128
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View
Invest with WEIX

What is WEIX?

WEIX uses predetermined market signals to close its short VIX exposure (something we call stress mode triggering), in an attempt to protect your investment in extremely volatile markets. ETF aims to add value to investor portfolios while simultaneously preserving capital during periods of extreme volatility. WEIX is Actively managed.

ETFs related toWEIX

ETFs correlated to WEIX include SVXY, SVIX, XAUG

WEIX
Dynamic Shares Trust - Dynamic Short Short Term Volatility Futures ETF
SVXY
ProShares Trust - ProShares Short VIX Short-Term Futures ETF -1x Shares
SVIX
Volatility Shares Trust - 1x Short VIX Futures ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
SVOL
Simplify Exchange Traded Funds - Simplify Volatility Premium ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
CVRD
Madison ETFs Trust - Madison Covered Call 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

WEIX is a US Hedge Fund ETF. WEIX uses predetermined market signals to close its short VIX exposure (something we call stress mode triggering), in an attempt to protect your investment in extremely volatile markets. ETF aims to add value to investor portfolios while simultaneously preserving capital during periods of extreme volatility. WEIX is Actively managed.

Yes, WEIX 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, WEIX 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 WEIX is 0.0349%. This is the percent change in the value of WEIX over the most recent 1-month period. The 3-month return on WEIX is 0.054%. This is the percent change in the value of WEIX over the most recent 3-month period.

The standard deviation of WEIX for the past year is 0.2176%. 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 WEIX include PFF, PGF, and PGX.

ETFs correlated to WEIX include SVXY, SVIX, and XAUG.

ETFs that are inversely correlated to WEIX include UVIX, VIXY, and UVXY.

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.