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ETFs

Principal Exchange-Traded Funds Principal Value ETF

PY
$--
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)
$185,996
AUM
$31,106,062
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
4.48%
MSFT
Microsoft Corporation
3.63%
JNJ
Johnson & Johnson
2.18%
CVX
Chevron Corp.
1.98%
MCD
McDonald`s Corp
1.85%
KO
Coca-Cola Co
1.74%
CAH
Cardinal Health, Inc.
1.71%
ACN
Accenture plc - Ordinary Shares - Class A
1.57%
TXN
Texas Instruments Inc.
1.55%
WFC
Wells Fargo & Co.
1.53%
Invest with PY

What is PY?

The investment seeks long-term growth of capital. Under normal circumstances, the fund primarily invests in equity securities, focusing on value stocks. For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model designed to identify equity securities of mid- to large-capitalization companies in the S&P 500 Index that exhibit higher degrees of shareholder yield (meaning how much money a company distributes to shareholders through dividends and share repurchases).

ETFs related toPY

ETFs correlated to PY include PRF, JAVA, VTV

PY
Principal Exchange-Traded Funds - Principal Value ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
DTD
WisdomTree Trust - WisdomTree U.S. Total Dividend Fund
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx 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 toPY

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with PY using Composer

FAQ

PY is a US Equities ETF. The investment seeks long-term growth of capital. Under normal circumstances, the fund primarily invests in equity securities, focusing on value stocks. For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model designed to identify equity securities of mid- to large-capitalization companies in the S&P 500 Index that exhibit higher degrees of shareholder yield (meaning how much money a company distributes to shareholders through dividends and share repurchases).

Yes, PY 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, PY 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 PY is -0.0296%. This is the percent change in the value of PY over the most recent 1-month period. The 3-month return on PY is -0.0442%. This is the percent change in the value of PY over the most recent 3-month period.

The standard deviation of PY for the past year is 0.1858%. 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 PY include FVD, SDY, and DFAS.

ETFs correlated to PY include PRF, JAVA, and VTV.

ETFs that are inversely correlated to PY include DOG, SDOW, and DXD.

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.