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ETFs

ProShares Pet Care ETF

PAWZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 05 2018
Expense Ratio
0.50%
Type
Global Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$452,504
AUM
$95,949,562
Associated Index
FactSet Pet Care Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

IDXX
Idexx Laboratories, Inc.
10.69%
ZTS
Zoetis Inc - Ordinary Shares - Class A
10.13%
ELAN
Elanco Animal Health Inc
9.33%
DPH
DECHRA PHARMACEUTICALS PLC
7.76%
CHWY
Chewy Inc - Ordinary Shares - Class A
7.17%
FRPT
Freshpet Inc
4.81%
NESN
Nestle SA
4.77%
PETS
PETS AT HOME GROUP PLC
4.46%
MRK
Merck & Co Inc
4.42%
CVSG
CVS GROUP PLC
3.73%
Invest with PAWZ

What is PAWZ?

ProShares Pet Care ETF seeks investment results, before fees and expenses, that track the performance of the FactSet Pet Care Index. The Fund seeks to invest substantially all of its assets in the securities included in the Index. The Index consists of U.S. and non-U.S. companies that potentially stand to benefit from interest in, and resources spent on, pet ownership. The Fund intends to hold each security in approximately the same proportion as its weighting in the Index. The Index consists primarily of companies whose principal business is pet-care related (i.e., they derive significant revenue from pet care-related products or services), as determined in accordance with the Index methodology. The Index is owned and administered by FactSet Research Systems, Inc. (the Index Provider ).

ETFs related toPAWZ

ETFs correlated to PAWZ include IMCG, IWP, VBK

PAWZ
ProShares Trust - ProShares Pet Care ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index 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 toPAWZ

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with PAWZ using Composer

FAQ

PAWZ is a Global Equities ETF. ProShares Pet Care ETF seeks investment results, before fees and expenses, that track the performance of the FactSet Pet Care Index. The Fund seeks to invest substantially all of its assets in the securities included in the Index. The Index consists of U.S. and non-U.S. companies that potentially stand to benefit from interest in, and resources spent on, pet ownership. The Fund intends to hold each security in approximately the same proportion as its weighting in the Index. The Index consists primarily of companies whose principal business is pet-care related (i.e., they derive significant revenue from pet care-related products or services), as determined in accordance with the Index methodology. The Index is owned and administered by FactSet Research Systems, Inc. (the Index Provider ).

PAWZ tracks the FactSet Pet Care Index.

No, PAWZ 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, PAWZ 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 PAWZ is -0.087%. This is the percent change in the value of PAWZ over the most recent 1-month period. The 3-month return on PAWZ is -0.0072%. This is the percent change in the value of PAWZ over the most recent 3-month period.

The standard deviation of PAWZ for the past year is 0.2777%. 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 PAWZ include IXN, IXC, and GDXJ.

ETFs correlated to PAWZ include IMCG, IWP, and VBK.

ETFs that are inversely correlated to PAWZ include SRTY, TWM, and TZA.

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.