PXMG is one of several ETFs that provides access to mid cap growth equities, a corner of the U.S. stock market that may maintain a unique risk/return profile compared to stocks of other sizes and styles. A relatively broad-based fund, PXMG could be potentially appealing to a wide variety of investors. This ETF can be useful as a holding in a long-term portfolio, and can also be used as part of a shorter term strategy that involves a tactical tilt towards mid cap growth stocks. There are several other ETFs that offer exposure to mid cap stocks with growth characteristics--generally higher pricing multiples (along with higher growth potential) and lower dividend yields. PXMG is unique from other ETFs in the Mid Cap Growth ETFdb Category due to the methodology used by the underlying index. This ETF is part of the lineup of RAFI ETFs from PowerShares; these funds seek to replicate fundamental-weighted indexes that use multiple fundamental factors (such as cash flow and sales) to determine component stocks and the weighting assigned to each. The holdings of PXMG will overlap with other ETFs designed to deliver access to mid cap growth companies, but the return generated and the risk experienced can be quite different. The RAFI approach breaks the link between stock price (i.e., market cap) and the weighting given to a stock in the benchmark, a feature that is held out as an inefficiency of market cap-weighted products (these benchmarks tend to overweight overvalued stocks and underweight undervalued ones). In return for exposure to this RAFI-weighting strategy, investors will pay a bit more than some other ETFs offering access to similar portfolios; PXMG is more expensive in terms of bottom line ER than other options in the Mid Cap Growth ETFdb Category, though it falls well within the range of the other products in that ETFdb Category. For those who believe that the RAFI approach offers better, more efficient access to U.S. equity markets, this ETF could be appealing as a way to establish exposure to mid cap growth stocks. If the RAFI methodology generates 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 this fund should take a look at 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 IWP or VOT; those options are among the most cost efficient alternatives.
The adjacent table gives investors an individual Realtime Rating for PXMG 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 Mid 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.
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 6 other ETFs in the Mid 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 PXMG 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.