ETF Quote Details
|NAV (month end)||28.15|
|Premium (+)/Discount (-) (month end)||+0.43|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
See all the Top Ranked ETFs here - The complete list of all the top ranked ETFs
ETF Expense Ratio
|Dividend (Yield)||$0.37 (1.31%)|
This Index is maintaining positions both long & short in primarily equity & equity derivative securities, including both quantitative & fundamental techniques or narrowly focused on specific sectors and can range broadly in terms of levels of net exposure, leverage employed and holding period, concentrations of market capitalizations and valuation ranges of typical portfolios.
The ETF seeks investment results that exceed the risk adjusted performance of approximately 50% of the long/short equity hedge fund universe as defined by the HFRI Equity Hedge Total Index constituents, in an effort to produce higher returns with lower risk than the S&P 500 Index over time.