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ETFs

Principal Exchange-Traded Funds Principal Millennial Global Growth ETF

GENY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 19 2016
Expense Ratio
0.38%
Type
Global Equities
Fund Owner
Principal Financial Services
Volume (1m avg. daily)
$111,288
AUM
$29,910,039
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Invest with GENY

What is GENY?

Under normal circumstances, the Fund primarily invests in equity securities, focusing on growth equity securities. Growth strategies emphasize buying equity securities of companies whose potential for growth of capital and earnings is expected to be above average relative to the overall global equity market. In particular, the Fund seeks to invest in securities of companies that are impacted by the spending and lifestyle activities of the Millennial generation, which refers to people born from 1980 to the mid-2000s.

ETFs related toGENY

ETFs correlated to GENY include EMC, IRBO, VSGX

GENY
Principal Exchange-Traded Funds - Principal Millennial GlobalGrowth ETF
EMC
Global X Funds - Global X Emerging Markets Great Consumer ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
AIQ
Global X Funds - Global X Artificial Intelligence & Technology 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
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
IBUY
Amplify ETF Trust - Amplify Online Retail 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 toGENY

#DGE

Diversify with Global Exposure

Category

Momentum, Tactical Asset Allocation, Go Global, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GENY using Composer

FAQ

GENY is a Global Equities ETF. Under normal circumstances, the Fund primarily invests in equity securities, focusing on growth equity securities. Growth strategies emphasize buying equity securities of companies whose potential for growth of capital and earnings is expected to be above average relative to the overall global equity market. In particular, the Fund seeks to invest in securities of companies that are impacted by the spending and lifestyle activities of the Millennial generation, which refers to people born from 1980 to the mid-2000s.

Yes, GENY 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, GENY 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 GENY is -0.0233%. This is the percent change in the value of GENY over the most recent 1-month period. The 3-month return on GENY is -0.0303%. This is the percent change in the value of GENY over the most recent 3-month period.

The standard deviation of GENY for the past year is 0.2666%. 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 GENY include PBW, IGF, and ARKK.

ETFs correlated to GENY include EMC, IRBO, and VSGX.

ETFs that are inversely correlated to GENY include HIBS, EDZ, and EFZ.

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.