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ETFs

Invesco MSCI Green Building ETF

GBLD
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 22 2021
Expense Ratio
0.39%
Type
Global Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$7,472
AUM
$6,298,251
Associated Index
MSCI Global Green Building Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ARE
Alexandria Real Estate Equities Inc.
7.02%
1925
Daiwa House Industry Co. Ltd
6.80%
BXP
Boston Properties, Inc.
3.79%
CLAR
CapitaLand Ascendas REIT
3.19%
CICT
CapitaLand Integrated Commercial Trust
3.07%
8951
Nippon Building Fund Inc - Units
2.67%
URW
Unibail-Rodamco-Westfield - Stapled (2 Ordinary Shares)
2.48%
LI
Klepierre
2.35%
BKG
Berkeley Group Holdings
2.26%
LAND
Land Securities Group
2.22%
Invest with GBLD

What is GBLD?

The Invesco MSCI Green Building ETF (Fund) is based on the MSCI Global Green Building Index (Index). The Fund will generally invest 90% of its total net assets in securities that comprise the Index. The Index is comprised of companies that provide exposure to the environment impact theme of green building . Green building companies include the design, construction, redevelopment, retrofitting, or acquisition of green-certified properties to promote mechanisms for raising capacity for effective climate change mitigation and adaptation. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and Index are rebalanced quarterly.

ETFs related toGBLD

ETFs correlated to GBLD include RWX, HAUZ, RWO

GBLD
Invesco Exchange-Traded Fund Trust II - Invesco MSCI Green Building ETF
RWX
SSgA Active Trust - SPDR Dow Jones International Real Estate ETF
HAUZ
DBX ETF Trust - Xtrackers International Real Estate ETF
RWO
SSgA Active Trust - SPDR Dow Jones Global Real Estate ETF
VNQI
Vanguard Group, Inc. - Vanguard Global ex-U.S. Real Estate ETF
REET
BlackRock Institutional Trust Company N.A. - iShares Global REIT ETF
AVRE
American Century ETF Trust - Avantis Real E state ETF
DFGR
Dimensional ETF Trust - Dimensional Global Real Estate ETF
SCZ
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Small-Cap ETF
DWX
SSgA Active Trust - SPDR S&P International Dividend ETF
SCHC
Schwab Strategic Trust - Schwab International Small-Cap Equity 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.

FAQ

GBLD is a Global Equities ETF. The Invesco MSCI Green Building ETF (Fund) is based on the MSCI Global Green Building Index (Index). The Fund will generally invest 90% of its total net assets in securities that comprise the Index. The Index is comprised of companies that provide exposure to the environment impact theme of green building . Green building companies include the design, construction, redevelopment, retrofitting, or acquisition of green-certified properties to promote mechanisms for raising capacity for effective climate change mitigation and adaptation. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and Index are rebalanced quarterly.

GBLD tracks the MSCI Global Green Building Index.

No, GBLD 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, GBLD 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 GBLD is -0.0319%. This is the percent change in the value of GBLD over the most recent 1-month period. The 3-month return on GBLD is -0.0093%. This is the percent change in the value of GBLD over the most recent 3-month period.

The standard deviation of GBLD for the past year is 0.1811%. 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 GBLD include PBW, IGF, and ARKK.

ETFs correlated to GBLD include RWX, HAUZ, and RWO.

ETFs that are inversely correlated to GBLD include SRS, DRV, and EFZ.

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.