ABEQ vs. PXE ETF Comparison
Comparison of Absolute Core Strategy ETF (ABEQ) to PowerShares Dynamic Energy E&P (PXE)
ABEQ
Absolute Core Strategy ETF
ABEQ Description
The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$32.53
Average Daily Volume
5,402
15
PXE
PowerShares Dynamic Energy E&P
PXE Description
The PowerShares Energy Exploration & Production Portfolio (Fund) is based on the Dynamic Energy Exploration & Production IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is composed of stocks of 30 U.S. companies involved in the exploration and production of natural resources used to produce energy. These companies are engaged principally in exploration, extraction and production of crude oil and natural gas from land-based or offshore wells. These companies include petroleum refineries that process the crude oil into finished products, such as gasoline and automotive lubricants, and companies involved in gathering and processing natural gas, and manufacturing natural gas liquid. The Fund is rebalanced and reconstituted quarterly in February, May, August and November.Grade (RS Rating)
Last Trade
$31.85
Average Daily Volume
43,182
29
Performance
| Period | ABEQ | PXE |
|---|---|---|
| 30 Days | 0.14% | 5.27% |
| 60 Days | 6.37% | 6.32% |
| 90 Days | 7.99% | -2.05% |
| 12 Months | 22.21% | 7.90% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ABEQ | Weight in PXE | Overlap | |
|---|---|---|---|---|---|
| EOG | B | 3.21% | 5.05% | 3.21% |
ABEQ Underweight 28 Positions Relative to PXE
| Symbol | Grade | Weight | |
|---|---|---|---|
| CTRA | D | -5.2% | |
| PSX | D | -5.18% | |
| VLO | F | -5.12% | |
| MPC | D | -5.11% | |
| OVV | D | -4.71% | |
| FANG | D | -4.65% | |
| DVN | F | -4.63% | |
| CNX | A | -3.32% | |
| CHK | C | -3.28% | |
| GPOR | B | -3.1% | |
| RRC | D | -2.99% | |
| NFG | A | -2.98% | |
| CRC | B | -2.85% | |
| CRGY | B | -2.81% | |
| PBF | F | -2.78% | |
| DINO | F | -2.77% | |
| MGY | B | -2.76% | |
| DK | F | -2.75% | |
| CVI | D | -2.75% | |
| HPK | D | -2.73% | |
| GRNT | D | -2.67% | |
| MUR | F | -2.58% | |
| CHRD | F | -2.57% | |
| NOG | D | -2.55% | |
| SM | D | -2.5% | |
| MTDR | D | -2.5% | |
| CIVI | F | -2.47% | |
| PARR | F | -2.39% |
ABEQ: Top Represented Industries & Keywords
PXE: Top Represented Industries & Keywords
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