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ETFs

ActivePassive International Equity ETF

APIE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 03 2023
Expense Ratio
0.45%
Type
Global Ex. US Equities
Fund Owner
Envestnet
Volume (1m avg. daily)
$200,795
AUM
$68,866,325
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

TSM
Taiwan Semiconductor Manufacturing - ADR
2.85%
RELX
RELX Plc - ADR
2.57%
TCEHY
Tencent Holdings Ltd. - ADR
2.11%
NSRGY
Nestle SA - ADR
2.09%
LVMUY
Lvmh Moet Hennessy Vuitton SE - ADR - Level I
2.07%
NVS
Novartis AG - ADR
2.02%
SIEGY
Siemens AG - ADR
2.00%
HMC
Honda Motor - ADR
1.80%
NGG
National Grid Plc - ADR
1.76%
NVO
Novo Nordisk - ADR
1.75%
Invest with APIE

What is APIE?

APIE is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the S&P Classic ADR Composite Index, the Fund's benchmark index. The Fund also employs a strategic beta strategy for a portion of the Fund's investment portfolio. The ratio of the Fund's investment portfolio that is actively versus passively managed is determined by a variety of factors, including Envestnet's proprietary methodologies and academic research on factor investing.

ETFs related toAPIE

ETFs correlated to APIE include CWI, VEU, ACWX

APIE
Trust For Professional Managers - ActivePassive International Equity ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
JHMD
John Hancock Investment Management LLC - John Hancock Multifactor Developed International ETF
QEFA
SSgA Active Trust - SPDR MSCI EAFE StrategicFactors SM ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
DIHP
Dimensional ETF Trust - Dimensional International High Profitability ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAPIE

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with APIE using Composer

FAQ

APIE is a Global Ex. US Equities ETF. APIE is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the S&P Classic ADR Composite Index, the Fund's benchmark index. The Fund also employs a strategic beta strategy for a portion of the Fund's investment portfolio. The ratio of the Fund's investment portfolio that is actively versus passively managed is determined by a variety of factors, including Envestnet's proprietary methodologies and academic research on factor investing.

Yes, APIE is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, APIE is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on APIE is 0.0002%. This is the percent change in the value of APIE over the most recent 1-month period. The 3-month return on APIE is %. This is the percent change in the value of APIE over the most recent 3-month period.

ETFs similar to APIE include FEZ, VGK, and EEM.

ETFs correlated to APIE include CWI, VEU, and ACWX.

ETFs that are inversely correlated to APIE include EFZ, EPV, and EDZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.