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ETFs

Invesco S&P International Developed Momentum ETF

IDMO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 24 2012
Expense Ratio
0.25%
Type
Global Ex. US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$436,870
AUM
$62,423,569
Associated Index
S&P Momentum Developed ex-U.S. & South Korea LargeMidCap Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with IDMO

What is IDMO?

The Invesco S&P International Developed Momentum ETF (Fund) is based on the S&P Momentum Developed ex-U.S. & South Korea LargeMidCap Index (Index). The Fund will invest at least 90% of its total assets in the securities of companies that comprise the Index. The Index tracks the performance of stocks in the S&P Developed ex-U.S. & South Korea LargeMidCap Index that have the highest momentum score. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of March and September.

ETFs related toIDMO

ETFs correlated to IDMO include IMTM, MFDX, FNDF

IDMO
Invesco Capital Management LLC - Invesco S&P International Developed Momentum ETF
IMTM
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Momentum Factor ET
MFDX
Pimco Equity Series - PIMCO RAFI Dynamic Multi-Factor International Equity ETF
FNDF
Schwab Strategic Trust - Schwab Fundamental International Large Company Index ETF
DFIV
Dimensional ETF Trust - Dimensional International Value ETF
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
EFV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Value ETF
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield ETF
IVLU
BlackRock Institutional Trust Company N.A. - iShares MSCI Intl Value Factor ETF
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
AVDE
American Century ETF Trust - Avantis International 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

IDMO is a Global Ex. US Equities ETF. The Invesco S&P International Developed Momentum ETF (Fund) is based on the S&P Momentum Developed ex-U.S. & South Korea LargeMidCap Index (Index). The Fund will invest at least 90% of its total assets in the securities of companies that comprise the Index. The Index tracks the performance of stocks in the S&P Developed ex-U.S. & South Korea LargeMidCap Index that have the highest momentum score. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of March and September.

IDMO tracks the S&P Momentum Developed ex-U.S. & South Korea LargeMidCap Index.

No, IDMO 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, IDMO 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 IDMO is 0.0249%. This is the percent change in the value of IDMO over the most recent 1-month period. The 3-month return on IDMO is 0.044%. This is the percent change in the value of IDMO over the most recent 3-month period.

The standard deviation of IDMO for the past year is 0.1571%. 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 IDMO include PBW, IGF, and ARKK.

ETFs correlated to IDMO include IMTM, MFDX, and FNDF.

ETFs that are inversely correlated to IDMO include EFZ, EPV, and DOG.

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.