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ETFs

Invesco Zacks Mid-Cap ETF

CZA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 02 2007
Expense Ratio
0.69%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$346,366
AUM
$188,803,491
Associated Index
Zacks Mid-Cap Core Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ACGL
Arch Capital Group Ltd
2.49%
CDW
CDW Corp
2.30%
FTV
Fortive Corp
2.12%
AVB
Avalonbay Communities Inc.
2.12%
MLM
Martin Marietta Materials, Inc.
1.99%
STT
State Street Corp.
1.90%
EQR
Equity Residential Properties Trust
1.89%
WTW
Willis Towers Watson Public Limited Co
1.88%
HIG
Hartford Financial Services Group Inc.
1.86%
DTE
DTE Energy Co.
1.85%
Invest with CZA

What is CZA?

The PowerShares Zacks Mid-Cap Portfolio (Fund) is based on the Zacks Mid-Cap Core Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index selects securities from a universe of mid-capitalization securities, including master limited partnerships (MLPs) and American depositary receipts (ADRs)and business development companies (BDCs). The Fund and the Index are rebalanced quarterly.

ETFs related toCZA

ETFs correlated to CZA include VOE, IWS, IMCV

CZA
Invesco Capital Management LLC - Invesco Zacks Mid-Cap ETF
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
TPLC
Timothy Plan - Timothy Plan US Large/Mid Cap Core ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index 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 toCZA

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with CZA using Composer

FAQ

CZA is a US Equities ETF. The PowerShares Zacks Mid-Cap Portfolio (Fund) is based on the Zacks Mid-Cap Core Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index selects securities from a universe of mid-capitalization securities, including master limited partnerships (MLPs) and American depositary receipts (ADRs)and business development companies (BDCs). The Fund and the Index are rebalanced quarterly.

CZA tracks the Zacks Mid-Cap Core Index.

No, CZA 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, CZA 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 CZA is -0.0092%. This is the percent change in the value of CZA over the most recent 1-month period. The 3-month return on CZA is -0.0085%. This is the percent change in the value of CZA over the most recent 3-month period.

The standard deviation of CZA for the past year is 0.175%. 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 CZA include IVV, MDY, and IJR.

ETFs correlated to CZA include VOE, IWS, and IMCV.

ETFs that are inversely correlated to CZA include TZA, TWM, and SRTY.

Disclaimers

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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.