PFI vs. SPAX ETF Comparison
Comparison of PowerShares Dynamic Financial (PFI) to Robinson Alternative Yield Pre-merger SPAC ETF (SPAX)
PFI
PowerShares Dynamic Financial
PFI Description
The PowerShares Dynamic Financial Sector Portfolio (Fund) is based on the Dynamic Financial Sector 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 comprised of common stocks of 60 US financial services companies. These are companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Grade (RS Rating)
Last Trade
$55.48
Average Daily Volume
3,090
39
SPAX
Robinson Alternative Yield Pre-merger SPAC ETF
SPAX Description
The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk. SPAX invests primarily in equity securities, specifically units and shares of common stock and warrants of U.S.-listed SPACs. SPAX expects to invest the majority of its assets in SPACs which are small capitalization companies. The Fund intends to exit any SPAC units, common shares and warrants prior to the completion of a business combination, seeking to minimize downside risk.Grade (RS Rating)
Last Trade
$20.43
Average Daily Volume
5,680
26
Performance
| Period | PFI | SPAX |
|---|---|---|
| 30 Days | 3.39% | 0.32% |
| 60 Days | 6.11% | 0.91% |
| 90 Days | 12.24% | 0.84% |
| 12 Months | 31.50% | 2.35% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PFI | Weight in SPAX | Overlap |
|---|
PFI Overweight 39 Positions Relative to SPAX
| Symbol | Grade | Weight | |
|---|---|---|---|
| MA | B | 5.36% | |
| ARES | B | 4.3% | |
| KKR | B | 3.86% | |
| JPM | D | 3.71% | |
| V | B | 3.65% | |
| APO | C | 3.47% | |
| BRO | C | 3.05% | |
| FCNCA | D | 3.04% | |
| COOP | B | 2.97% | |
| AXP | B | 2.89% | |
| MMC | C | 2.85% | |
| PGR | A | 2.6% | |
| ACGL | B | 2.55% | |
| VCTR | B | 2.24% | |
| HOOD | C | 2.23% | |
| SPG | B | 2.23% | |
| PIPR | B | 2.22% | |
| PRI | B | 2.17% | |
| RGA | B | 2.16% | |
| CB | B | 2.09% | |
| HLI | B | 2.09% | |
| IBKR | B | 2.04% | |
| JXN | B | 2.04% | |
| SYF | C | 2.01% | |
| EVR | B | 1.97% | |
| JEF | B | 1.94% | |
| AIG | D | 1.91% | |
| SLG | B | 1.85% | |
| BGC | B | 1.84% | |
| MTG | B | 1.78% | |
| ENVA | C | 1.69% | |
| RYAN | C | 1.63% | |
| BPOP | C | 1.61% | |
| SKT | B | 1.59% | |
| OFG | C | 1.56% | |
| HASI | B | 1.53% | |
| OMF | C | 1.47% | |
| UWMC | C | 1.41% | |
| CIFR | F | 0.86% |
PFI Underweight 26 Positions Relative to SPAX
| Symbol | Grade | Weight | |
|---|---|---|---|
| BACA | F | -3.18% | |
| HAIA | B | -3.01% | |
| CMCA | B | -2.63% | |
| HCVI | C | -2.5% | |
| FLD | F | -2.39% | |
| AOGO | F | -2.36% | |
| CNDA | B | -2.3% | |
| TGAA | D | -2.06% | |
| BNIX | C | -1.9% | |
| CFFS | B | -1.74% | |
| ONYX | C | -1.65% | |
| PRLH | B | -1.44% | |
| IVCP | C | -1.43% | |
| GHIX | D | -1.26% | |
| BLEU | B | -1.07% | |
| GAQ | D | -0.64% | |
| IMAQ | F | -0.44% | |
| PWUP | C | -0.4% | |
| MCAG | B | -0.26% | |
| PPYA | D | -0.26% | |
| ROCL | C | -0.22% | |
| MSSA | B | -0.17% | |
| TRON | D | -0.14% | |
| MITA | C | -0.12% | |
| BRKH | A | -0.1% | |
| VMCA | C | -0.03% |
PFI: Top Represented Industries & Keywords
SPAX: Top Represented Industries & Keywords
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