Skip to Content
ETFs

ActivePassive International Equity ETF

APIE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 03 2023
Expense Ratio
0.45%
Type
Global Ex. US Equities
Fund Owner
Envestnet
Volume (1m avg. daily)
$141,156
AUM
$75,739,125
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NVS
Novartis AG - ADR
2.67%
TSM
Taiwan Semiconductor Manufacturing - ADR
2.51%
RELX
RELX Plc - ADR
2.41%
n/a
Cash & Other
2.38%
NSRGY
Nestle SA - ADR
2.14%
NVO
Novo Nordisk - ADR
2.06%
TCEHY
Tencent Holdings Ltd. - ADR
2.04%
HMC
Honda Motor - ADR
2.01%
TAK
Takeda Pharmaceutical Co - ADR
1.89%
LVMUY
Lvmh Moet Hennessy Vuitton SE - ADR - Level I
1.82%
Invest with APIE

What is APIE?

APIE is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the S&P Classic ADR Composite Index, the Fund's benchmark index. The Fund also employs a strategic beta strategy for a portion of the Fund's investment portfolio. The ratio of the Fund's investment portfolio that is actively versus passively managed is determined by a variety of factors, including Envestnet's proprietary methodologies and academic research on factor investing.

ETFs related toAPIE

ETFs correlated to APIE include CWI, IXUS, IQDF

APIE
Trust For Professional Managers - ActivePassive International Equity ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
IQDF
FlexShares Trust - FlexShares International Quality Dividend Index Fund
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
DNL
WisdomTree Trust - WisdomTree Global ex-U.S. Quality Dividend Growth Fund
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
INTF
BlackRock Institutional Trust Company N.A. - iShares International Equity Factor 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 toAPIE

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

#DGE

Diversify with Global Exposure

Category

Momentum, Tactical Asset Allocation, Go Global, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with APIE using Composer

FAQ

APIE is a Global Ex. US Equities ETF. APIE is an actively-managed fund that blends active and passive investment strategies to optimize costs, tracking and potential return over the S&P Classic ADR Composite Index, the Fund's benchmark index. The Fund also employs a strategic beta strategy for a portion of the Fund's investment portfolio. The ratio of the Fund's investment portfolio that is actively versus passively managed is determined by a variety of factors, including Envestnet's proprietary methodologies and academic research on factor investing.

Yes, APIE 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, APIE 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 APIE is -0.0086%. This is the percent change in the value of APIE over the most recent 1-month period. The 3-month return on APIE is -0.0196%. This is the percent change in the value of APIE over the most recent 3-month period.

ETFs similar to APIE include EZU, VEA, and EFA.

ETFs correlated to APIE include CWI, IXUS, and IQDF.

ETFs that are inversely correlated to APIE include EFZ, EPV, and EDZ.

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.