This ETF looks to offer investors a way to replicate the risk-adjusted return characteristics of two hedge fund strategies. These methods include; a macro strategy and an emerging markets strategy, both using ETFs to accomplish their objectives. As stated, the fund will not invest in hedge funds but rather in exchange-traded products in order to replicate the exposure of a hedge fund strategy. Although this actively managed fund costs more than a comparable index fund, it does offer investors a much less volatile play on global markets while producing a comparable return as a world benchmark. The fund could make for a solid choice for those looking for a highly uncorrelated product that offers exposure to a wide variety of asset classes in a single ticker. Just be aware that the expenses are pretty hefty but this is one case where the active management appears to actually add value as opposed to subtract.
The adjacent table gives investors an individual Realtime Rating for MCRO on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Hedge Fund with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 8 other ETFs in the Hedge Fund ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of MCRO relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
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