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ETFs

Invesco Global Clean Energy ETF

PBD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 13 2007
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$512,408
AUM
$160,011,134
Associated Index
WilderHill New Energy Global Innovation Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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AE/MEGA Wt09
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Subsea 7 S.A.
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FSR
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VER
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Invest with PBD

What is PBD?

The Invesco Global Clean Energy ETF (Fund) is based on the WilderHill New Energy Global Innovation Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index seeks to deliver capital appreciation and is composed of companies that focus on greener and generally renewable sources of energy and technologies facilitating cleaner energy. The Fund and the Index are rebalanced and reconstituted quarterly.

ETFs related toPBD

ETFs correlated to PBD include ERTH, PBW, QCLN

PBD
Invesco Capital Management LLC - Invesco Global Clean Energy ETF
ERTH
Invesco Capital Management LLC - Invesco MSCI Sustainable Future ETF
PBW
Invesco Capital Management LLC - Invesco WilderHill Clean Energy ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund
ACES
ALPS Fund Services - ALPS Clean Energy ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
CNRG
SPDR Series Trust - SPDR S&P Kensho Clean Power ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
ICLN
BlackRock Institutional Trust Company N.A. - iShares Global Clean Energy 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

PBD is a Global Equities ETF. The Invesco Global Clean Energy ETF (Fund) is based on the WilderHill New Energy Global Innovation Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index seeks to deliver capital appreciation and is composed of companies that focus on greener and generally renewable sources of energy and technologies facilitating cleaner energy. The Fund and the Index are rebalanced and reconstituted quarterly.

PBD tracks the WilderHill New Energy Global Innovation Index.

No, PBD 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, PBD 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 PBD is -0.073%. This is the percent change in the value of PBD over the most recent 1-month period. The 3-month return on PBD is -0.143%. This is the percent change in the value of PBD over the most recent 3-month period.

The standard deviation of PBD for the past year is 0.2721%. 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 PBD include IGF, EFAV, and ARKK.

ETFs correlated to PBD include ERTH, PBW, and QCLN.

ETFs that are inversely correlated to PBD include HIBS, EFZ, and EPV.

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.