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ETFs

iPath Series B Bloomberg Platinum Subindex Total ReturnSM ETN

PGM
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 17 2018
Expense Ratio
0.45%
Type
Global Commodities & Metals
Fund Owner
Barclays iPath
Volume (1m avg. daily)
$3,546
AUM
$5,768,824
Associated Index
Bloomberg Platinum Sub-Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with PGM

What is PGM?

The iPath Series B Bloomberg Platinum Subindex Total Return ETNs (the "ETNs") were designed to provide exposure to the Bloomberg Platinum Subindex Total Return (the "Index"). The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on platinum. The Index currently consists of one futures contract on the commodity of platinum which is included in the Bloomberg Commodity Index Total Return.

ETFs related toPGM

ETFs correlated to PGM include PPLT, FGLD, GLTR

PGM
Barclays Bank PLC - iPath Series B Bloomberg Platinum Subindex Total Return ETN
PPLT
abrdn ETF - abrdn Physical Platinum Shares ETF
FGLD
Franklin Templeton Holdings Trust - Franklin Responsibly Sourced Gold ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
MEM
Matthews International Funds - Matthews Emerging Markets Equity Active ETF
SIVR
abrdn ETF - abrdn Physical Silver Shares ETF
NBCM
Neuberger Berman ETF Trust - Commodity Strategy ETF
AGQ
ProShares Trust - ProShares Ultra Silver 2x Shares
SLV
BlackRock Institutional Trust Company N.A. - iShares Silver Trust
DBP
Invesco DB Multi-Sector Commodity Trust - Invesco DB Precious Metals 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 toPGM

#REAL

Get Real - The Real Asset Portfolio

Category

Building Blocks, Living With High Inflation

Risk Rating

Aggressive

#SLV

Silver

Category

Benchmarks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PGM using Composer

FAQ

PGM is a Global Commodities & Metals ETF. The iPath Series B Bloomberg Platinum Subindex Total Return ETNs (the "ETNs") were designed to provide exposure to the Bloomberg Platinum Subindex Total Return (the "Index"). The Index reflects the returns that are potentially available through an unleveraged investment in the futures contracts on platinum. The Index currently consists of one futures contract on the commodity of platinum which is included in the Bloomberg Commodity Index Total Return.

PGM tracks the Bloomberg Platinum Sub-Index.

No, PGM 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, PGM 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 PGM is 0.0427%. This is the percent change in the value of PGM over the most recent 1-month period. The 3-month return on PGM is -0.0134%. This is the percent change in the value of PGM over the most recent 3-month period.

The standard deviation of PGM for the past year is 0.3624%. 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 PGM include GLDM, OUNZ, and IAU.

ETFs correlated to PGM include PPLT, FGLD, and GLTR.

ETFs that are inversely correlated to PGM include ZSL, DUST, and GDXD.

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.