Thursday, March 03, 2011 12:52:08 PM
Re: PYH vs FVL................
Last year PowerShares changed their PYH ETF from using Value Line's "Timely stocks in Timely industries" to another base index. I'm not certain of the reasoning, but since I'd selected PYH as a proxy for Value Line's Timeliness rankings, the change meant I had also to change my holding.
First Trust's FVL had been around slightly longer than PYH and also uses Value Line's top 100 most timely stocks. This is slightly different from the PYH basis, but was far closer than the modified PowerShares version. So, FVL became my choice.
After the change became effective (end of June, 2010) I decided to periodically track progress between the two funds. Here's the latest snapshot from July 1st to date.
While the PYH ETF has continued to rise, it is now looking more like an "all cap value" fund. FVL, for this short history, has been able to outdistance the PYH etf by a considerable amount.
It pays us to review our ETFs periodically to assure ourselves that they have not changed their basis of structure and that they still fit in our overall portfolios where we initially had them slated.
Best regards,
Tom
Last year PowerShares changed their PYH ETF from using Value Line's "Timely stocks in Timely industries" to another base index. I'm not certain of the reasoning, but since I'd selected PYH as a proxy for Value Line's Timeliness rankings, the change meant I had also to change my holding.
First Trust's FVL had been around slightly longer than PYH and also uses Value Line's top 100 most timely stocks. This is slightly different from the PYH basis, but was far closer than the modified PowerShares version. So, FVL became my choice.
After the change became effective (end of June, 2010) I decided to periodically track progress between the two funds. Here's the latest snapshot from July 1st to date.
While the PYH ETF has continued to rise, it is now looking more like an "all cap value" fund. FVL, for this short history, has been able to outdistance the PYH etf by a considerable amount.
It pays us to review our ETFs periodically to assure ourselves that they have not changed their basis of structure and that they still fit in our overall portfolios where we initially had them slated.
Best regards,
Tom
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