For me, if I can figure out the securities in the ETF, I AIM them for a period of years and then see If I can find a more favorable ETF containing them. If I can't, I look at the 1 year ETF performance. The thing for me is to find an ETF with enough volatility today and then back test it for a period of years and see if it is a good candidate overall. If it is commodity based like a Gold Miner, I not only AIM it but cross-reference it to the actual commodity price. This let's me discern the noise (I love quantitative analysis).
Maybe you are thinking of OUNZ as a low price gold ETF. 52wk high:13.61 52wk low:10.43
It has a beta of around -0.13 It's a tight trading range but could have enough volatility
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