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ETFs

Invesco S&P Spin-Off ETF

CSD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 15 2006
Expense Ratio
0.65%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$58,354
AUM
$49,783,140
Associated Index
S&P U.S. Spin-Off Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CEG
Constellation Energy Corporation
7.94%
OTIS
Otis Worldwide Corp
7.34%
GEHC
GE HealthCare Technologies Inc
7.29%
CARR
Carrier Global Corp
7.20%
GXO
GXO Logistics Inc
6.22%
DTM
DT Midstream Inc
4.85%
UHAL.B
U-Haul Holding Company - Ordinary Shares - Series N
4.72%
OGN
Organon & Co.
4.61%
CR
Crane Co
4.59%
VNT
Vontier Corporation
4.53%
Invest with CSD

What is CSD?

The Invesco S&P Spin-Off ETF (Fund) is based on the S&P U.S. Spin-Off Index (Index). The Fund will invest at least 80% of its total assets in securities and depositary receipts that comprise the Index. The Index is composed of companies that have been spun off from larger corporations within the past four years. The Index is computed using the gross total return, which reflects dividends paid. The Fund and the Index are rebalanced monthly.

ETFs related toCSD

ETFs correlated to CSD include SCHM, BBMC, JHMM

CSD
Invesco Capital Management LLC - Invesco S&P Spin-Off ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
MDY
State Street Global Advisors - S&P MidCap 400 ETF
MDYG
SPDR Series Trust - SPDR S&P 400 Mid Cap Growth 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 toCSD

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with CSD using Composer

FAQ

CSD is a US Equities ETF. The Invesco S&P Spin-Off ETF (Fund) is based on the S&P U.S. Spin-Off Index (Index). The Fund will invest at least 80% of its total assets in securities and depositary receipts that comprise the Index. The Index is composed of companies that have been spun off from larger corporations within the past four years. The Index is computed using the gross total return, which reflects dividends paid. The Fund and the Index are rebalanced monthly.

CSD tracks the S&P U.S. Spin-Off Index.

No, CSD 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, CSD 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 CSD is -0.0147%. This is the percent change in the value of CSD over the most recent 1-month period. The 3-month return on CSD is 0.0056%. This is the percent change in the value of CSD over the most recent 3-month period.

The standard deviation of CSD for the past year is 0.2088%. 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 CSD include SPHQ, DSI, and QUAL.

ETFs correlated to CSD include SCHM, BBMC, and JHMM.

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

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.