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ETFs

Invesco Exchange-Traded Fund Trust II Invesco Dorsey Wright Emerging Markets Momentum ETF

PIE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 28 2007
Expense Ratio
0.90%
Type
Global Ex. US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$501,681
AUM
$131,089,000
Associated Index
Dorsey Wright Emerging Markets Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

2368
Gold Circuit Electronics
2.89%
0128
Frontken Corporation Bhd
2.77%
9941
Yulon Finance Corp
2.70%
PRIO3
PRIO S.A
2.47%
3023
Sinbon Electronics Co Ltd
2.33%
TISCO-R
TISCO Financial Group Public Company Limited - NVDR
2.29%
2377
Micro-Star International Co.
2.26%
5434
Topco Scientific Co., Ltd
2.17%
3017
Asia Vital Components
2.15%
631
Sany Heavy Equipment International Holdings Co Ltd
2.01%
Invest with PIE

What is PIE?

The Invesco DWA Emerging Markets Momentum ETF (Fund) is based on the Dorsey Wright Emerging Markets Technical Leaders Index (DWA Emerging Markets Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in securities of emerging economies within Dorsey Wright & Associates classification definition, as well as American depositary receipts (ADRs) and global depositary receipts (GDRs) based on securities in the Index. The Index includes approximately 100 companies from the NASDAQ Emerging Markets Index that possess powerful relative strength characteristics and are domiciled in emerging market countries including, but not limited to Brazil, Chile, China, India, Indonesia, Philippines, South Africa, Thailand and Turkey. The Index excludes US companies listed on a US stock exchange. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced and reconstituted quarterly.

ETFs related toPIE

ETFs correlated to PIE include DGS, AVEM, DFAE

PIE
Invesco Capital Management LLC - Invesco Dorsey Wright Emerging Markets Momentum ETF
DGS
WisdomTree Trust - WisdomTree Emerging Markets SmallCap Dividend Fund
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
DFEV
Dimensional ETF Trust - Dimensional Emerging Markets Value ETF
FNDE
Schwab Strategic Trust - Schwab Fundamental Emerging Markets Large Company Index ETF
EMXC
BlackRock Institutional Trust Company N.A. - IShares MSCI Emerging Markets ex China ETF
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
DEM
WisdomTree Trust - WisdomTree Emerging Markets High Dividend Fund
EWX
SSgA Active Trust - SPDR S&P Emerging Markets Small 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.

FAQ

PIE is a Global Ex. US Equities ETF. The Invesco DWA Emerging Markets Momentum ETF (Fund) is based on the Dorsey Wright Emerging Markets Technical Leaders Index (DWA Emerging Markets Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in securities of emerging economies within Dorsey Wright & Associates classification definition, as well as American depositary receipts (ADRs) and global depositary receipts (GDRs) based on securities in the Index. The Index includes approximately 100 companies from the NASDAQ Emerging Markets Index that possess powerful relative strength characteristics and are domiciled in emerging market countries including, but not limited to Brazil, Chile, China, India, Indonesia, Philippines, South Africa, Thailand and Turkey. The Index excludes US companies listed on a US stock exchange. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced and reconstituted quarterly.

PIE tracks the Dorsey Wright Emerging Markets Technical Leaders Index.

No, PIE 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, PIE 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 PIE is -0.0238%. This is the percent change in the value of PIE over the most recent 1-month period. The 3-month return on PIE is 0.0104%. This is the percent change in the value of PIE over the most recent 3-month period.

The standard deviation of PIE for the past year is 0.178%. 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 PIE include PBW, IGF, and ARKK.

ETFs correlated to PIE include DGS, AVEM, and DFAE.

ETFs that are inversely correlated to PIE include EDZ, EFZ, and EPV.

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.