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ETFs

Global X MSCI Pakistan ETF

PAK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 22 2015
Expense Ratio
0.80%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$170,664
AUM
$24,638,887
Associated Index
MSCI All Pakistan Select 25/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

HUBC
HUB POWER COMPANY
9.69%
ENGRO
ENGRO CORPORATION LTD
8.13%
LUCK
LUCKY CEMENT
6.47%
HBL
HABIB BANK LTD
5.85%
OGDC
OIL & GAS DEVELO
5.54%
EFERT
ENGRO FERTILIZERS LTD
4.91%
MTL
MILLAT TRACTORS LTD
4.72%
POL
PAKISTAN OILFIELDS LTD
4.58%
FFC
FAUJI FERTILIZER
4.50%
UBL
UNITED BANK LTD
4.38%
Invest with PAK

What is PAK?

The Global X MSCI Pakistan ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Pakistan Select 25/50 Index.The MSCI All Pakistan Select 25/50 Index is designed to represent the performance of the broad Pakistan equity universe, while including a minimum number of constituents. The broad Pakistan equity universe includes securities that are classified in Pakistan according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Pakistan and carry out the majority of their operations in Pakistan.

ETFs related toPAK

ETFs correlated to PAK include AOM, VSS, VAW

PAK
Global X Funds - Global X MSCI Pakistan ETF
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
VAW
Vanguard Group, Inc. - Vanguard Materials ETF
XLB
SSgA Active Trust - Materials Select Sector SPDR
PVAL
Putnam ETF Trust - Putnam Focused Large Cap Value ETF
GWX
SSgA Active Trust - SPDR S&P International Small Cap ETF
FMAT
Fidelity Covington Trust - Fidelity MSCI Materials Index ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
IBHF
iShares Trust - iShares iBonds 2026 Term High Yield and Income ETF
AOR
BlackRock Institutional Trust Company N.A. - iShares Core Growth Allocation 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 toPAK

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with PAK using Composer

FAQ

PAK is a Global Ex. US Equities ETF. The Global X MSCI Pakistan ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Pakistan Select 25/50 Index.The MSCI All Pakistan Select 25/50 Index is designed to represent the performance of the broad Pakistan equity universe, while including a minimum number of constituents. The broad Pakistan equity universe includes securities that are classified in Pakistan according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Pakistan and carry out the majority of their operations in Pakistan.

PAK tracks the MSCI All Pakistan Select 25/50 Index.

No, PAK 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, PAK 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 PAK is -0.0031%. This is the percent change in the value of PAK over the most recent 1-month period. The 3-month return on PAK is 0.0557%. This is the percent change in the value of PAK over the most recent 3-month period.

The standard deviation of PAK for the past year is 0.259%. 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 PAK include EWZ, EWW, and EWT.

ETFs correlated to PAK include AOM, VSS, and VAW.

ETFs that are inversely correlated to PAK include SJB, DXD, and TZA.

Disclaimers

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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.