PRMN vs. HDAW ETF Comparison
Comparison of PlanRock Market Neutral Income ETF (PRMN) to Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF (HDAW)
PRMN
PlanRock Market Neutral Income ETF
PRMN Description
The fund strategy follows a proprietary, rules-based methodology that selects global high dividend-paying ETFs or stocks from those listed on an exchange and with significant underlying security liquidity, while using offsetting short positions through equity index futures. The strategy allocates to long and short equity index futures, volatility futures, options and options on futures to neutralize equity risk exposure and control volatility similar to the global bond market, while striving to achieve high dividend income and capital appreciation over the long-term.
Grade (RS Rating)
Last Trade
$29.03
Average Daily Volume
1,925
6
HDAW
Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF
HDAW Description
The investment seeks investment results that correspond generally to the performance of the MSCI ACWI ex US High Dividend Yield US Dollar Hedged Index. The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to reflect the performance of equities (excluding REITs) in its parent index, the MSCI ACWI ex US Index, with higher dividend income and quality characteristics than average dividend yields of equities in the parent index, where such higher dividend income and quality characteristics are both sustainable and persistent. The fund is non-diversified.Grade (RS Rating)
Last Trade
$25.36
Average Daily Volume
2,316
16
Performance
Period | PRMN | HDAW |
---|---|---|
30 Days | -1.29% | 3.93% |
60 Days | 0.10% | 0.14% |
90 Days | -0.31% | 6.00% |
12 Months | 12.16% |
1 Overlapping Holdings
Symbol | Grade | Weight in PRMN | Weight in HDAW | Overlap | |
---|---|---|---|---|---|
HDEF | B | 14.76% | 0.44% | 0.44% |
PRMN: Top Represented Industries & Keywords
HDAW: Top Represented Industries & Keywords