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ETFs

PIMCO RAFI Multi-Factor International Equity ETF

MFDX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 31 2017
Expense Ratio
0.39%
Type
Global Ex. US Equities
Fund Owner
PIMCO
Volume (1m avg. daily)
$1,275,551
AUM
$164,553,003
Associated Index
RAFI Dynamic Multi-Factor Developed ExUS Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

NOVO B
Novo Nordisk - Ordinary Shares - Class B
1.12%
ULVR
Unilever plc
0.94%
BP.
BP plc
0.91%
SAN
Banco Santander S.A.
0.81%
BMW
Bayerische Motoren Werke AG
0.80%
ORA
Orange.
0.69%
NESN
Nestle SA
0.66%
ENI
Eni Spa
0.64%
STLAM
Stellantis N.V
0.63%
REP
Repsol S.A
0.62%
Invest with MFDX

What is MFDX?

PIMCO RAFI Dynamic Multi-Factor International Equity Exchange-Traded Fund is a smart beta strategy that seeks to track the investment results of the RAFI Dynamic Multi-Factor Developed Ex-U.S. Index. The fund is designed to provide investors with the benefits of dynamically-weighted exposure to multiple equity factors, including value, quality, low volatility, momentum and size an approach that can improve excess return potential. The RAFI Multi-Factor Developed ex-U.S index strategy is a broadly diversified equity strategy with equally weighted exposures to five return factors; value, low volatility, quality, momentum and size.

ETFs related toMFDX

ETFs correlated to MFDX include DFAI, AVDE, DFIC

MFDX
Pimco Equity Series - PIMCO RAFI Dynamic Multi-Factor International Equity ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
AVDE
American Century ETF Trust - Avantis International Equity ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
FNDF
Schwab Strategic Trust - Schwab Fundamental International Large Company Index ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
BKIE
BNY Mellon ETF Trust - BNY Mellon International Equity ETF
DWM
WisdomTree Trust - WisdomTree International Equity Fund
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets 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 toMFDX

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with MFDX using Composer

FAQ

MFDX is a Global Ex. US Equities ETF. PIMCO RAFI Dynamic Multi-Factor International Equity Exchange-Traded Fund is a smart beta strategy that seeks to track the investment results of the RAFI Dynamic Multi-Factor Developed Ex-U.S. Index. The fund is designed to provide investors with the benefits of dynamically-weighted exposure to multiple equity factors, including value, quality, low volatility, momentum and size an approach that can improve excess return potential. The RAFI Multi-Factor Developed ex-U.S index strategy is a broadly diversified equity strategy with equally weighted exposures to five return factors; value, low volatility, quality, momentum and size.

MFDX tracks the RAFI Dynamic Multi-Factor Developed ExUS Index.

No, MFDX is not actively managed. It is passively 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.

Yes, MFDX is passively 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 MFDX is 0.0084%. This is the percent change in the value of MFDX over the most recent 1-month period. The 3-month return on MFDX is 0.0042%. This is the percent change in the value of MFDX over the most recent 3-month period.

The standard deviation of MFDX for the past year is 0.1556%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MFDX include PBW, IGF, and ARKK.

ETFs correlated to MFDX include DFAI, AVDE, and DFIC.

ETFs that are inversely correlated to MFDX include EFZ, EPV, and SH.

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.