PXSG offers exposure to small cap U.S. stocks exhibiting strong growth characteristics, such as low dividend yields and high pricing multiples. This ETF is one of several that provides access to this corner of the U.S. stock market, an asset class that may offer relatively high volatility and potential for capital appreciation. Given the nature of the exposure offered, PXSG could be potentially appealing to a wide variety of investors. This ETF could be used as a core holding within a long-term portfolio, or as part of a shorter-term tactical tilt towards high beta stocks or generally risky assets. There are several other ETFs that offer exposure to small cap growth stocks; PXSG sets itself apart from the rest of the Small Cap Growth ETFdb Category due to the methodology used by the underlying index. This ETF is part of the suite of RAFI ETFs offered by PowerShares; these products seek to replicate the performance of fundamentals-weighted benchmarks that use multiple fundamental factors (such as cash flow and sales) to determine holdings and the weighting assigned to each component stock. The portfolio of PXSG will likely feature considerable overlap with other ETFs designed to deliver access to small cap growth companies, but the returns and risk can be quite different across various weighting methodologies. The RAFI approach to indexing breaks the link between stock price (i.e., market cap) and the index weighting given to the stock, a feature that is held out as an inefficiency of market cap-weighted products (these benchmarks tend to overweight overvalued stocks and underweight undervalued stocks). The RAFI approach is slightly more expensive to implement; PXSG has a higher bottom line expense ratio than other options in the Small Cap Growth ETFdb Category (though it falls well within the range of these peers). If you're convinced that the RAFI approach offers better, more efficient access to U.S. equity markets, this ETF could be appealing as a way to bet on small cap growth companies. If the RAFI methodology is able to generate excess returns over the long run, this ETF could help to boost bottom line portfolio returns. But outperformance is by no means guaranteed; investors considering a position in this ETF may want to analyze the track record compared to other more widely-followed indexes. Those who prefer to minimize fees and simply own the market are probably better off with an ETF like IWO or VBK; those cap-weighted products are among the most cost efficient alternatives.
The adjacent table gives investors an individual Realtime Rating for PXSG on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Small Cap Growth Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
|Developed Markets (ex-US)||1.2%|
This ETF is not currently available for commission free trading on any platforms.
There are 25 other ETFs in the Small Cap Growth Equities ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of PXSG relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
Source: LSEG Information Services (US), Inc. (“LSEG”) © LSEG 2016. All rights in the XTF data, ratings and / or underlying data contained in this communication (“the XTF information”) vest in LSEG and/or its licensors. Neither LSEG nor its licensors accept any liability arising out of the use of, reliance on or any errors or omissions in the XTF information. No further distribution of the XTF information is permitted without LSEG’s express written consent. LSEG does not promote, sponsor or endorse the content of this communication.