I’m liking what I’m seeing and reading about IBD’s new ETF of ETFs, $LDRS (LEADERS). Ballsy aggressive. One week old and already declared and paid a dividend! How many of your holdings meet these characteristics?? From their prospectus: “The initial universe for the Index is composed of all U.S.-listed exchange-traded funds (“ETFs”) registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The universe does not include exchange-traded notes, inverse ETFs (ETFs that seek to provide a return that is the exact opposite of an index) with the exception of the ProShares Short S&P 500 ETF, leveraged ETFs (ETFs that seek to amplify the return of an index) and commodity ETFs. The selection universe is then narrowed by excluding Underlying Funds with the following characteristics: 1. Underlying Funds with an average daily trading volume of less than 100,000 over the previous 50 days; 2. Underlying Funds not trading above their average 6-month price; and 3. Underlying Funds with returns less than those of the S&P 500 Index over the course of the previous three months. 4 The remaining Underlying Funds are then ranked according to IBD’s relative price strength rating methodology. “Relative strength” is an investing technique that seeks to determine the strongest performing securities by measuring certain factors, such as a security’s relative performance against the overall market or a security’s relative strength value, which is derived by comparing the rate of increase of the security’s price as compared to that of a benchmark index.
Frank Smith: All that means nothing … I will put my 10 ETFs from my 4Quacdrant fund will be it. Using equal weighting of the 10.Yesterday my ten ETFs were up over 3%Blowing past every thing elseIf you want you can compare the two this year .My 10 ETFs are in the SIAM group under files4 Quadrant Fund
Robert Resendes: Now THAT’s a worthy challenge! (If only all days were 3+% days….)
Frank Smith: I will write down the ETFs for you to compare with … just use like 1,000 into every ETF
Frank Smith: YINNBOTZARKQ…See more
Robert Resendes: $LDRS holdings as of 1/2/2018:CHIQ REMX VNM TAN MCHI ARKK TIB CQQQ SPY XHB EWY MTUM ROBO
Robert Resendes: Interesting – no “matches”
Frank Smith: Meant beat it
Charles Guns: Robert Resendesi’ll be adding to LDRS throughout the year. My question is how does IBD determine” relativeperformance against the overall market or a security’s relative strength value, which is derivedby comparing the rate of increase of the security’s price as compared to that of a benchmark. Wonder the exact formula they use. I was thinking about subscribing to IBD..
Frank Smith: IBD is an incredible not newspaperI have in my Top 10 ETFs, their FFTY Fund by based on their 50 best stock picks
Frank Smith: …typo with not
Charles Guns: I understand their CANSLIM system. Here is a more in depth version of how they evaluate https://www.investors.com/…/find…/stock-checkup/
IBD Stock Checkup