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ETFs

Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

PEZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 12 2006
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$27,529
AUM
$18,674,387
Associated Index
DWA Consumer Cyclicals Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CVNA
Carvana Co. - Ordinary Shares - Class A
7.60%
CMG
Chipotle Mexican Grill
5.91%
TOL
Toll Brothers Inc.
4.06%
DECK
Deckers Outdoor Corp.
3.98%
LOW
Lowe`s Cos., Inc.
3.73%
RCL
Royal Caribbean Group
3.66%
DKNG
DraftKings Inc. - Ordinary Shares - Class A
3.30%
DUOL
Duolingo Inc - Ordinary Shares - Class A
3.30%
DRI
Darden Restaurants, Inc.
3.27%
NVR
NVR Inc.
3.14%
Invest with PEZ

What is PEZ?

The Invesco DWA Consumer Cyclicals Momentum ETF (Fund) is based on the Dorsey Wright Consumer Cyclicals Technical Leaders Index (DWA Consumer Cyclicals Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 common stocks from the NASDAQ US Benchmark Index. Relative strength is the measurement of a securitys performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

ETFs related toPEZ

ETFs correlated to PEZ include FXD, XMHQ, CVRD

PEZ
Invesco Capital Management LLC - Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
FXD
First Trust Exchange-Traded Fund III - First Trust Consumer Discretionary AlphaDEX Fund
XMHQ
Invesco Capital Management LLC - Invesco S&P MidCap Quality ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
EZM
WisdomTree Trust - WisdomTree U.S. MidCap Fund
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap 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 toPEZ

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PEZ using Composer

FAQ

PEZ is a US Equities ETF. The Invesco DWA Consumer Cyclicals Momentum ETF (Fund) is based on the Dorsey Wright Consumer Cyclicals Technical Leaders Index (DWA Consumer Cyclicals Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 common stocks from the NASDAQ US Benchmark Index. Relative strength is the measurement of a securitys performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

PEZ tracks the DWA Consumer Cyclicals Technical Leaders Index.

No, PEZ 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, PEZ 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 PEZ is -0.0376%. This is the percent change in the value of PEZ over the most recent 1-month period. The 3-month return on PEZ is -0.0497%. This is the percent change in the value of PEZ over the most recent 3-month period.

The standard deviation of PEZ for the past year is 0.1991%. 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 PEZ include XLI, XLY, and XLV.

ETFs correlated to PEZ include FXD, XMHQ, and CVRD.

ETFs that are inversely correlated to PEZ include SRTY, RWM, and TZA.

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.