PRMN vs. GIAX ETF Comparison
Comparison of PlanRock Market Neutral Income ETF (PRMN) to Nicholas Global Equity and Income ETF (GIAX)
PRMN
PlanRock Market Neutral Income ETF
PRMN Description
The fund strategy follows a proprietary, rules-based methodology that selects global high dividend-paying ETFs or stocks from those listed on an exchange and with significant underlying security liquidity, while using offsetting short positions through equity index futures. The strategy allocates to long and short equity index futures, volatility futures, options and options on futures to neutralize equity risk exposure and control volatility similar to the global bond market, while striving to achieve high dividend income and capital appreciation over the long-term.
Grade (RS Rating)
Last Trade
$28.92
Average Daily Volume
1,227
8
GIAX
Nicholas Global Equity and Income ETF
GIAX Description
The fund"s strategy includes two components: (i) holding shares of unaffiliated passively managed ETFs that seek to provide exposure to a range of global equity securities ("Index ETFs") and (ii) selling daily index credit call spreads ("Index Call Spreads") on one or more US equity indices. The fund is non-diversified.Grade (RS Rating)
Last Trade
$19.35
Average Daily Volume
28,381
16
Performance
| Period | PRMN | GIAX |
|---|---|---|
| 30 Days | -1.26% | 0.22% |
| 60 Days | -0.09% | 1.31% |
| 90 Days | -2.00% | 2.30% |
| 12 Months |
0 Overlapping Holdings
| Symbol | Grade | Weight in PRMN | Weight in GIAX | Overlap |
|---|
PRMN: Top Represented Industries & Keywords
GIAX: Top Represented Industries & Keywords
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