This ETF is one of a handful of products that offers exposure to mid cap value equities, a corner of the U.S. equity market that may maintain a unique risk/return profile compared to stocks of other sizes and styles. So PXMV could be potentially useful in a wide variety of applications; this ETF can be used as part of a long-term, buy-and-hold portfolio, or might also be a nice tool for establishing a tactical tilt towards this segment of the U.S. equity market. There are several other ETFs that offer exposure to mid cap stocks exhibiting value characteristics, such as low pricing multiples and high dividend yields. PXMV is unique from many of the ETFs in the Mid Cap Value ETFdb Category as a result of the methodology employed by the underlying index. This ETF is part of the suite of RAFI ETFs offered by PowerShares, a group of products that seek to replicate fundamentals weighted indexes that use multiple fundamental factors to determine component stocks and the weighting assigned to each. The holdings of PXMV will overlap with other ETFs designed to deliver access to mid cap value stocks, but the risk/return profile can be quite different. This RAFI approach breaks the link between stock price (which determines market cap) and the weighting given to a stock in the benchmark, a feature that many cite as an inefficiency of market cap-weighted products (these benchmarks have the tendency to overweight overvalued stocks and underweight undervalued ones). In return for exposure to the RAFI indexing methodology, investors will pay a bit more than they can manage with other ETFs; PXMV is more expensive in terms of bottom line ER than other options in the Mid Cap Value ETFdb Category, though it falls well within the range of the other products included in that grouping. For those who believe that the RAFI approach delivers more efficient access to U.S. equity markets, this ETF could be the most effective way to gain access to mid cap value stocks: if the unique weighting strategy creates excess returns over the long run, the additional fees may be justified. 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 offerings. Those who prefer to minimize fees and simply own the market might look elsewhere; IWS and VOE are among the most cost efficient alternatives.
The adjacent table gives investors an individual Realtime Rating for PXMV 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 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.
|Developed Markets (ex-US)||3.53%|
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 23 other ETFs in the Mid 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.
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 PXMV 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.