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ETFs

Principal International Adaptive Multi-Factor ETF

PXUS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 26 2021
Expense Ratio
0.24%
Type
Global Equities
Fund Owner
Principal Financial Services
Volume (1m avg. daily)
$207,131
AUM
$15,134,021
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

NESN
Nestle SA
1.90%
NOVO B
Novo Nordisk - Ordinary Shares - Class B
1.76%
ASML
ASML Holding NV
1.38%
SHEL
Shell Plc
1.30%
MC
Lvmh Moet Hennessy Vuitton SE
1.25%
AZN
Astrazeneca plc
1.20%
7203
Toyota Motor Corporation
1.16%
ROG
Roche Holding AG
1.13%
TTE
TotalEnergies SE
0.95%
HSBA
HSBC Holdings plc
0.90%
Invest with PXUS

What is PXUS?

Under normal circumstances, the Fund invests at least 40% of its net assets, plus any borrowings for investment purposes, in securities of foreign companies. The fund invests in securities regardless of market capitalization size (small, medium or large). For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model. The model is designed to identify and rank equity securities in the MSCI World Ex-U.S. Index (the "Index") that correspond to multi factor categories.

ETFs related toPXUS

ETFs correlated to PXUS include BKIE, VEA, DFAI

PXUS
Principal Exchange-Traded Funds - Principal International Adaptive Multi-Factor ETF
BKIE
BNY Mellon ETF Trust - BNY Mellon International Equity ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International 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 toPXUS

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PXUS using Composer

FAQ

PXUS is a Global Equities ETF. Under normal circumstances, the Fund invests at least 40% of its net assets, plus any borrowings for investment purposes, in securities of foreign companies. The fund invests in securities regardless of market capitalization size (small, medium or large). For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model. The model is designed to identify and rank equity securities in the MSCI World Ex-U.S. Index (the "Index") that correspond to multi factor categories.

Yes, PXUS 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, PXUS 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 PXUS is 0.0028%. This is the percent change in the value of PXUS over the most recent 1-month period. The 3-month return on PXUS is -0.0078%. This is the percent change in the value of PXUS over the most recent 3-month period.

The standard deviation of PXUS for the past year is 0.1601%. 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 PXUS include PBW, IGF, and ARKK.

ETFs correlated to PXUS include BKIE, VEA, and DFAI.

ETFs that are inversely correlated to PXUS include EFZ, EPV, and SH.

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.