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ETFs

Principal Exchange-Traded Funds Principal Quality ETF

PSET
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 21 2016
Expense Ratio
0.15%
Type
US Equities
Fund Owner
Principal Financial Services
Volume (1m avg. daily)
$95,189
AUM
$27,924,188
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
7.04%
AAPL
Apple Inc
5.43%
UNH
Unitedhealth Group Inc
2.34%
V
Visa Inc - Ordinary Shares - Class A
2.23%
JPM
JPMorgan Chase & Co.
2.22%
MRK
Merck & Co Inc
2.05%
MA
Mastercard Incorporated - Ordinary Shares - Class A
2.00%
LLY
Lilly(Eli) & Co
1.96%
ABBV
Abbvie Inc
1.94%
CSCO
Cisco Systems, Inc.
1.82%
Invest with PSET

What is PSET?

The investment seeks long-term growth of capital. Under normal circumstances, the fund primarily invests in equity securities. For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model designed to identify equity securities in the S&P 500 Index or S&P 400 Index that exhibit higher quality, growth potential, and pricing power. The fund invested significantly in one or more industries within the healthcare sector.

ETFs related toPSET

ETFs correlated to PSET include CVLC, JQUA, QUS

PSET
Principal Exchange-Traded Funds - Principal Quality ETF
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
LRGF
BlackRock Institutional Trust Company N.A. - iShares U.S. Equity Factor ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
SUSA
BlackRock Institutional Trust Company N.A. - MSCI USA ESG Select ETF
FQAL
Fidelity Covington Trust - Fidelity Quality Factor ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
DFUS
Dimensional ETF Trust - Dimensional U.S. Equity 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 toPSET

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

Create your own algorithmic trading strategy with PSET using Composer

FAQ

PSET is a US Equities ETF. The investment seeks long-term growth of capital. Under normal circumstances, the fund primarily invests in equity securities. For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model designed to identify equity securities in the S&P 500 Index or S&P 400 Index that exhibit higher quality, growth potential, and pricing power. The fund invested significantly in one or more industries within the healthcare sector.

Yes, PSET is actively 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.

No, PSET is not passively managed. It is actively 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 PSET is -0.0151%. This is the percent change in the value of PSET over the most recent 1-month period. The 3-month return on PSET is 0.0164%. This is the percent change in the value of PSET over the most recent 3-month period.

The standard deviation of PSET for the past year is 0.2268%. 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 PSET include VYM, VIG, and DFAT.

ETFs correlated to PSET include CVLC, JQUA, and QUS.

ETFs that are inversely correlated to PSET include SH, SDS, and SPDN.

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.