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ETFs

Principal U.S. Small-Cap Adaptive Multi-Factor ETF

PLTL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 19 2021
Expense Ratio
0.19%
Type
US Equities
Fund Owner
Principal Financial Services
Volume (1m avg. daily)
$106
AUM
$5,605,022
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

FIX
Comfort Systems USA, Inc.
0.91%
NSIT
Insight Enterprises Inc.
0.70%
MTH
Meritage Homes Corp.
0.70%
ABG
Asbury Automotive Group Inc
0.69%
RDN
Radian Group, Inc.
0.66%
MLI
Mueller Industries, Inc.
0.65%
AIT
Applied Industrial Technologies Inc.
0.61%
CEIX
Consol Energy Inc
0.60%
FN
Fabrinet
0.60%
GPI
Group 1 Automotive, Inc.
0.59%
Invest with PLTL

What is PLTL?

Principal U.S. Small-Cap Adaptive Multi-Factor ETF is a active ETF. Under normal circumstnaces it invests 80% in large cap US equities using propritary model.

ETFs related toPLTL

ETFs correlated to PLTL include IJR, VIOO, SPSM

PLTL
Principal Exchange-Traded Funds - Principal U.S. Small-Cap Adaptive Multi-Factor ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF
IJS
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Value ETF
SLYV
SPDR Series Trust - SPDR S&P 600 Small Cap Value ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
VIOV
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Value ETF
DFAT
Dimensional ETF Trust - Dimensional U.S. Targeted Value ETF
AVSC
American Century ETF Trust - Avantis U.S Small Cap 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 toPLTL

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with PLTL using Composer

FAQ

PLTL is a US Equities ETF. Principal U.S. Small-Cap Adaptive Multi-Factor ETF is a active ETF. Under normal circumstnaces it invests 80% in large cap US equities using propritary model.

Yes, PLTL 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, PLTL 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 PLTL is -0.032%. This is the percent change in the value of PLTL over the most recent 1-month period. The 3-month return on PLTL is -0.0039%. This is the percent change in the value of PLTL over the most recent 3-month period.

The standard deviation of PLTL for the past year is 0.2069%. 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 PLTL include SPHQ, DSI, and QUAL.

ETFs correlated to PLTL include IJR, VIOO, and SPSM.

ETFs that are inversely correlated to PLTL include RWM, TZA, and TWM.

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.