ASPY ASYMshares ASYMmetric S&P 500 ETF
What is ASPY?
ASPY is a passively managed, rules-based alternative strategy to hedging US large-cap equities. The fund targets between -25% and 75% net long equity exposure based on market risk.
ASPY Factset Analytics Insight
ASPY attempts to generate positive returns across all market conditions by shifting its allocation to S&P 500 stocks based on market volatility and momentum. The fund gets its long exposure by selecting large-cap equities from the S&P 500 that have low price volatility relative to the broad market. A fixed number of securities are selected from each sector and held on an equal weight basis. Short selling shares of ticker: SPY is utilized to create net portfolio short exposure. The market exposure will range between 75% long and -25% short where the net exposure is the difference between the long and short allocation. Market risk is measured quantitatively based on two proprietary price-based indicators that include volatility and momentum. The portfolio is reconstituted and rebalanced on a monthly basis.
ASPY Portfolio Data
ASPY Index Data
ASPY Portfolio Management
ASPY Tax Exposures
ASPY Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ASPY. ASPY is rated a N/A out of 5.
ASPY Asset Allocation
ASPY Performance Statistics
ASPY Top 5 Holdings Long
ASPY Top 5 Holdings Short
ASPY Correlations (Daily Returns 12 Mo)
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.