This ETF focuses on small cap value stocks, making it one of several options available for investors looking to achieve targeted access to a corner of the domestic equity market that is generally represented in almost every long-term portfolio. Small cap value stocks may maintain a unique risk profile and return potential compared to larger companies or growth stocks, making PXSV useful for those looking to establish a tactical tilt towards this corner of the domestic market. This ETF may also be useful for those building a long-term, buy-and-hold portfolio, since small cap U.S. stocks are often a core holding in such strategies. There are several other ETF options for investors seeking exposure to small cap value stocks, a group that generally exhibits low pricing multiples and high dividend yields. PXSV distinguishes itself from others in the ETFs in the Small Cap Value ETFdb Category by the methodology used by the underlying index. This ETF is part of the suite of RAFI ETFs from PowerShares, a lineup of products that seek to replicate fundamental-weighted benchmarks that use various fundamental metrics (such as dividends and cash flow) to determine component stocks and the weightings assigned. The holdings of PXSV will generally overlap with other ETFs designed to deliver access to small cap value stocks, but the risk profile and return potential can be very different across weighting methodologies. The RAFI approach to indexing breaks the link between stock price (and therefore market cap) and the weighting assigned to a stock in the benchmark, a feature that many cite as a troubling inefficiency of market cap-weighted products (these benchmarks tend to overweight overvalued stocks and underweight undervalued stocks). The RAFI methodology may cost a bit more than other options for small cap exposure; PXSV is more expensive in terms of bottom line ER than other options in the Small Cap Value ETFdb Category (though it's well within the range of the ETFdb Category). For those who believe that the RAFI approach is a superior way to access U.S. equity market, this fund might be appealing to those looking to overweight small cap value stocks. If the unique weighting strategy creates excess returns over the long run, the additional fees may be justified and PXSV may contribute to relatively impressive returns. Of course, outperformance is by no means guaranteed; investors considering this ETF will want to take a look at the historical returns and volatility relative to similar ETFs. Those who prefer to keep a lid on fees and simply own the market might prefer cost efficient choices such as VBR and IWN.
The adjacent table gives investors an individual Realtime Rating for PXSV 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 Value 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.
|ETF Cash Component||0.05%|
|ETF Cash Component||0.05%|
|ETF Cash Component||0.05%|
|Developed Markets (ex-US)||5.79%|
This ETF is currently available for commission free trading on the following platforms: (Charles Schwab)
There are 10 other ETFs in the Small Cap Value 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.
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 PXSV 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.
2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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.