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ETFs

Global X MSCI Portugal ETF

PGAL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 12 2013
Expense Ratio
0.58%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$130,298
AUM
$7,673,799
Associated Index
MSCI All Portugal Plus 25/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

EDP
EDP
23.66%
EDPR
EDP RENOVAVEIS SA
16.60%
JMT
JERONIMO MARTINS
4.47%
NOS
NOS SGPS
4.39%
RENE
REN-REDE ENERGET
4.39%
NVG
NAVIGATOR CO SA/THE
4.39%
SON
SONAE
4.26%
BCP
BANCO COMERCIAL PORTUGUES-R
4.16%
COR
CORTICEIRA AMORIM SA
4.01%
GVOLT
GREENVOLT-ENERGIAS RENOVAVEI
3.72%
Invest with PGAL

What is PGAL?

The Global X MSCI Portugal ETF (PGAL) invests in among the largest and most liquid companies in Portugal. The Global X MSCI Portugal ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Portugal Plus 25/50 Index.

ETFs related toPGAL

ETFs correlated to PGAL include FAN, EWP, DWM

PGAL
Global X Funds - Global X MSCI Portugal ETF
FAN
First Trust Exchange-Traded Fund III - First Trust Global Wind Energy ETF
EWP
BlackRock Institutional Trust Company N.A. - iShares MSCI Spain ETF
DWM
WisdomTree Trust - WisdomTree International Equity Fund
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
SCHY
Schwab Strategic Trust - Schwab International Dividend Equity ETF
RODM
Lattice Strategies Trust - Hartford Multifactor Developed Markets (ex-US) ETF
IDV
BlackRock Institutional Trust Company N.A. - iShares International Select Dividend ETF
EFV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Value ETF
DOL
WisdomTree Trust - WisdomTree International LargeCap Dividend Index
DTH
WisdomTree Trust - WisdomTree International High Dividend Fund

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 toPGAL

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with PGAL using Composer

FAQ

PGAL is a Global Ex. US Equities ETF. The Global X MSCI Portugal ETF (PGAL) invests in among the largest and most liquid companies in Portugal. The Global X MSCI Portugal ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Portugal Plus 25/50 Index.

PGAL tracks the MSCI All Portugal Plus 25/50 Index.

No, PGAL 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, PGAL 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 PGAL is 0.0088%. This is the percent change in the value of PGAL over the most recent 1-month period. The 3-month return on PGAL is 0.0322%. This is the percent change in the value of PGAL over the most recent 3-month period.

The standard deviation of PGAL for the past year is 0.2286%. 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 PGAL include EWJ, EWW, and EWZ.

ETFs correlated to PGAL include FAN, EWP, and DWM.

ETFs that are inversely correlated to PGAL include EPV, EFZ, and SKF.

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.