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ETFs

Invesco Bloomberg MVP Multi-factor ETF

BMVP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 01 2003
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$92,031
AUM
$87,616,248
Associated Index
Bloomberg MVP Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with BMVP

What is BMVP?

The Invesco Bloomberg MVP Multi-factor ETF (Fund) is based on the Bloomberg MVP Index (Index). The Fund will normally invest at least 90 percent of its total assets in common stocks that comprise the Index. The Index is comprised of U.S. large-cap companies that exhibit strong fundamental characteristics for momentum (M), value (V), volatility (V) and profitability (P). The Index aims to select approximately 50 companies with the strongest momentum, most muted volatility, inexpensive valuations, and highest profitability through an aggregated sector-neutral MVP score.

ETFs related toBMVP

ETFs correlated to BMVP include FEX, PDP, JHMM

BMVP
Invesco Capital Management LLC - Invesco Bloomberg MVP Multi-factor ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
PDP
Invesco Capital Management LLC - Invesco Dorsey Wright Momentum ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
FLQM
Franklin Templeton ETF Trust - Franklin U.S. Mid Cap Multifactor Index ETF
VFQY
Vanguard Group, Inc. - Vanguard U.S. Quality Factor ETF
FNY
First Trust Exchange-Traded Fund III - First Trust Mid Cap Growth AlphaDEX Fund
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF
TPLC
Timothy Plan - Timothy Plan US Large/Mid Cap Core ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBMVP

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with BMVP using Composer

FAQ

BMVP is a US Equities ETF. The Invesco Bloomberg MVP Multi-factor ETF (Fund) is based on the Bloomberg MVP Index (Index). The Fund will normally invest at least 90 percent of its total assets in common stocks that comprise the Index. The Index is comprised of U.S. large-cap companies that exhibit strong fundamental characteristics for momentum (M), value (V), volatility (V) and profitability (P). The Index aims to select approximately 50 companies with the strongest momentum, most muted volatility, inexpensive valuations, and highest profitability through an aggregated sector-neutral MVP score.

BMVP tracks the Bloomberg MVP Index.

No, BMVP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BMVP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BMVP is -0.0087%. This is the percent change in the value of BMVP over the most recent 1-month period. The 3-month return on BMVP is 0.0074%. This is the percent change in the value of BMVP over the most recent 3-month period.

The standard deviation of BMVP for the past year is 0.1633%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BMVP include VIG, VYM, and DFAS.

ETFs correlated to BMVP include FEX, PDP, and JHMM.

ETFs that are inversely correlated to BMVP include TWM, RWM, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.