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ETFs

Invesco MSCI USA ETF

PBUS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 22 2017
Expense Ratio
0.04%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$27,492,529
AUM
$2,939,004,248
Associated Index
MSCI USA Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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BRK/B
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1.22%
Invest with PBUS

What is PBUS?

The Invesco PureBeta, MSCI USA ETF (the "fund") is based on the MSCI USA Index (the "index"). The fund will invest at least 90% of its total assets in securities that comprise the index. The index measures the performance in the large- and mid-capitalization segments of the US equity market and weights securities by their free float-adjusted market capitalization. The fund and the index are rebalanced and reconstituted quarterly on the last business day of February, May, August and November.

ETFs related toPBUS

ETFs correlated to PBUS include IYY, GSUS, SPUU

PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 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 toPBUS

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#BUFF

Copy Warren Buffett

Category

Classic, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PBUS using Composer

FAQ

PBUS is a US Equities ETF. The Invesco PureBeta, MSCI USA ETF (the "fund") is based on the MSCI USA Index (the "index"). The fund will invest at least 90% of its total assets in securities that comprise the index. The index measures the performance in the large- and mid-capitalization segments of the US equity market and weights securities by their free float-adjusted market capitalization. The fund and the index are rebalanced and reconstituted quarterly on the last business day of February, May, August and November.

PBUS tracks the MSCI USA Index.

No, PBUS 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, PBUS 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 PBUS is -0.0062%. This is the percent change in the value of PBUS over the most recent 1-month period. The 3-month return on PBUS is 0.0095%. This is the percent change in the value of PBUS over the most recent 3-month period.

The standard deviation of PBUS 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 PBUS include IVV, MDY, and IJR.

ETFs correlated to PBUS include IYY, GSUS, and SPUU.

ETFs that are inversely correlated to PBUS include SH, SDS, and SPDN.

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.