TRSK

Janus Velocity Tail Risk Hedged Large Cap ETF
LAST TRADECHANGE (%)VOLUME
$29.13-- (--)162
4:00:00 p.m. (ET) 04/24/2017
BID SIZEBID ($)ASK ($)ASK SIZE
2,50029.2329.342,500

Overall Rating

F

73
as of 04/25/17

Rating Details

50
34
73
Segment Average
  • Overview
  • Efficiency
  • Tradability
  • Fit

TRSK Fund Description

The Janus Velocity Tail Risk Hedged Large Cap ETF tracks an index that provides 85% equity exposure and 15% blended volatility exposure. The volatility component is long 2x and short 1x, aiming for 35% net long.

TRSK FactSet Analytics Insight

TRSK aims for equity exposure with protectionThe fund's volatility overlay sums to 35% long from unforeseen market downturns. TRSK holds all the stocks in the S&P 500 via ETFs (summing to 85% exposure) and adds an overlay of VIX futures exposure (15%). The complex overlay consists of nominal exposure to VIX futures: 2x levered (45%) and -1x inverse (55%). The long leg is designed to gain from volatility spikes—thereby providing the tail risk modifier— while the short leg aims to offset the hefty cost of the long leg. The fund's volatility overlay target sums to 35% long-vol exposure on paper, while sister fund SPXH sums to net neutral volatility. Exposure to the overlay strategy without the equity component can be had in VelocityShares’ BSWN. The ETF effectively changed issuers in July 2016 to Janus from ALPs, but this had no impact on holdings or methodology.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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TRSK Top 10 Countries

TRSK Top 10 Sectors

TRSK Top 10 Holdings

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TRSK Summary Data

06/24/13
Open-Ended Fund
0.70%
$17.39 M
$35.05 K
0.37%

TRSK Portfolio Data

$161.47 B
24.78
3.09
1.23%
12/21/16
501

TRSK Index Data

VelocityShares Tail Risk Hedged Large Cap Index
Fixed
Fixed
MSCI USA Large Cap

Related ETFs to TRSK

PTLC, VQT, PTNQ, SPXH, VIXH
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

TRSK Portfolio Management

0.70%
-0.78%
0.84%
-1.79%

TRSK Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

TRSK Fund Structure

Open-Ended Fund
Yes
No
0% / 100%
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS1,00029.57
2,50029.37
2,50029.36
2,50029.35
2,50029.34
BIDS2,50029.23
2,50029.22
2,50029.21
2,50029.20
2,50029.19
LAST 10 TRADES
TIMEPRICESHARES
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Bats BZX Real-time Quote - 09:35:00
Average Spread
Premium/Discount
Volume

TRSK FactSet Analytics Block Liquidity

As of 04/25/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TRSK. TRSK is rated a 1 out of 5.

TRSK Tradability

1,175
$35.05 K
451
$13.3 K
0.37%
$0.11
0.11%
1.36% / -0.99%
None
100.00%
50,000
0.01
0.05%
12.54%
--
$29.13
1

TRSK Performance Statistics

0.88
0.78
0.55
0.90
0.29%
MSCI USA Large Cap