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ETFs

Invesco FTSE RAFI Developed Markets ex-U.S. ETF

PXF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 25 2007
Expense Ratio
0.45%
Type
Global Ex. US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$2,192,735
AUM
$1,563,418,923
Associated Index
FTSE RAFI Developed ex US 1000 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with PXF

What is PXF?

The Invesco FTSE RAFI Developed Markets ex-U.S. ETF (Fund) is based on the FTSE RAFI Developed ex U.S. 1000 Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of the largest developed market equities (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

ETFs related toPXF

ETFs correlated to PXF include FNDF, EFV, MFDX

PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
FNDF
Schwab Strategic Trust - Schwab Fundamental International Large Company Index ETF
EFV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Value ETF
MFDX
Pimco Equity Series - PIMCO RAFI Dynamic Multi-Factor International Equity ETF
DFIV
Dimensional ETF Trust - Dimensional International Value ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
AVDE
American Century ETF Trust - Avantis International Equity ETF
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
DWM
WisdomTree Trust - WisdomTree International Equity Fund
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield 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.

FAQ

PXF is a Global Ex. US Equities ETF. The Invesco FTSE RAFI Developed Markets ex-U.S. ETF (Fund) is based on the FTSE RAFI Developed ex U.S. 1000 Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of the largest developed market equities (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

PXF tracks the FTSE RAFI Developed ex US 1000 Index.

No, PXF 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, PXF 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 PXF is 0.0145%. This is the percent change in the value of PXF over the most recent 1-month period. The 3-month return on PXF is 0.0107%. This is the percent change in the value of PXF over the most recent 3-month period.

The standard deviation of PXF for the past year is 0.1746%. 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 PXF include PBW, IGF, and ARKK.

ETFs correlated to PXF include FNDF, EFV, and MFDX.

ETFs that are inversely correlated to PXF include EFZ, EPV, and SH.

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.