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ETFs

PIMCO RAFI ESG U.S. ETF

RAFE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 18, 2019
Expense Ratio
0.29%
Type
US Equities
Fund Owner
PIMCO
Volume (1m avg. daily)
$362,705
AUM
$38,091,981
Associated Index
RAFI ESG US Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

MSFT
Microsoft Corporation
5.60%
AAPL
Apple Inc
5.37%
META
Meta Platforms Inc - Ordinary Shares - Class A
3.87%
INTC
Intel Corp.
3.73%
JNJ
Johnson & Johnson
2.98%
JPM
JPMorgan Chase & Co.
2.74%
CSCO
Cisco Systems, Inc.
2.68%
PG
Procter & Gamble Co.
2.27%
C
Citigroup Inc
2.07%
WFC
Wells Fargo & Co.
2.00%
Invest with RAFE

What is RAFE?

The Fund seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The RAFI ESG US Index is a long-only, smart beta index that seeks to achieve the dual objectives of social responsibility and long-horizon outperformance of the broad market. The Index is constructed by RAFI Indices, LLC (the "Index Provider") using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG (Environmental, Social, and Governance) themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels. The strategy supplements traditional ESG metrics with metrics linked to long-term value creation, specifically financial discipline and diversity, for improved return potential.

ETFs related toRAFE

ETFs correlated to RAFE include EQWL, QUS, FNDX

RAFE
Pimco Equity Series - Pimco Rafi ESG U.S. ETF
EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
QDF
FlexShares Trust - FlexShares Quality Dividend Index Fund
FVAL
Fidelity Covington Trust - Fidelity Value Factor ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
IVE
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Value 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 toRAFE

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with RAFE using Composer

FAQ

RAFE is a US Equities ETF. The Fund seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The RAFI ESG US Index is a long-only, smart beta index that seeks to achieve the dual objectives of social responsibility and long-horizon outperformance of the broad market. The Index is constructed by RAFI Indices, LLC (the "Index Provider") using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG (Environmental, Social, and Governance) themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels. The strategy supplements traditional ESG metrics with metrics linked to long-term value creation, specifically financial discipline and diversity, for improved return potential.

RAFE tracks the RAFI ESG US Index.

No, RAFE 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, RAFE 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 RAFE is -0.0056%. This is the percent change in the value of RAFE over the most recent 1-month period. The 3-month return on RAFE is -0.0059%. This is the percent change in the value of RAFE over the most recent 3-month period.

The standard deviation of RAFE for the past year is 0.1551%. 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 RAFE include SPHQ, DSI, and QUAL.

ETFs correlated to RAFE include EQWL, QUS, and FNDX.

ETFs that are inversely correlated to RAFE 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.