Want to get exposure to a stock without directly trading it? Calculate a combination of ETFs that mimics a specific stock. See methodology notes if you're curious or give it a try with a 🎲 random stock. Please don't use this to circumvent your company's stock trading restrictions.
select a stock below ⬇️
To get $100 of exposure to NVIDIA CORP, you can buy...
| Ticker | ETF Name | Weight |
|---|---|---|
| USD | ProShares Ultra Semiconductors | $162 |
| SOXS | Direxion Daily Semiconductor Bear 3X Shares | $70 |
| SMH | VanEck Semiconductor ETF | $17 |
| SQQQ | ProShares UltraPro Short QQQ | $5 |
| SPDN | Direxion Daily S&P 500 Bear 1X Shares | $5 |
In total, purchasing $259 of ETFs.
2023 used in training to pick ETF weights, 2024 onwards is out of sample using those fixed weights.
| In-Sample (2023) | Out of Sample | |
|---|---|---|
| Return Corr | 0.97 | 0.98 |
| Tracking Err. | 12.3% | 23.8% |
| Stock Cum. Return | 246.1% | 185.9% |
| Rep. Cum. Return | 193.8% | 295.1% |
| Stock Vol | 48.4% | 55.3% |
| Rep. Vol | 46.6% | 75.6% |
| Stock SR | 2.82 | 2.59 |
| Rep. SR | 2.55 | 2.58 |
See methodology notes for brief descriptions of these quantities.