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ETFs

Invesco Exchange-Traded Fund Trust II Invesco Global Water ETF

PIO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 13 2007
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$256,510
AUM
$250,718,642
Associated Index
Nasdaq OMX US Global Water Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ROP
Roper Technologies Inc
8.38%
DHR
Danaher Corp.
7.91%
PNR
Pentair plc
7.81%
GEBN
Geberit AG
5.87%
VIE
Veolia Environnement S.A.
5.48%
SBSP3
Companhia de Saneamento Basico do Estado de Sao Paulo.
4.50%
ECL
Ecolab, Inc.
3.95%
WAT
Waters Corp.
3.92%
FERG
Ferguson Plc.
3.89%
SPX
Spirax-Sarco Engineering plc
3.84%
Invest with PIO

What is PIO?

The Invesco Global Water ETF (Fund) is based on the NASDAQ OMX Global Water Index. The Fund generally will invest at least 90% of its total assets in companies listed on a global exchange that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.

ETFs related toPIO

ETFs correlated to PIO include CGW, CVRD, PHO

PIO
Invesco Capital Management LLC - Invesco Global Water ETF
CGW
Invesco Capital Management LLC - Invesco S&P Global Water Index ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
PHO
Invesco Capital Management LLC - Invesco Water Resources ETF
FIW
First Trust Exchange-Traded Fund III - First Trust Water ETF
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
TPLC
Timothy Plan - Timothy Plan US Large/Mid Cap Core ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
EXI
BlackRock Institutional Trust Company N.A. - iShares Global Industrials 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

PIO is a Global Equities ETF. The Invesco Global Water ETF (Fund) is based on the NASDAQ OMX Global Water Index. The Fund generally will invest at least 90% of its total assets in companies listed on a global exchange that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.

PIO tracks the Nasdaq OMX US Global Water Index.

No, PIO 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, PIO 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 PIO is -0.0248%. This is the percent change in the value of PIO over the most recent 1-month period. The 3-month return on PIO is -0.0242%. This is the percent change in the value of PIO over the most recent 3-month period.

The standard deviation of PIO for the past year is 0.1953%. 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 PIO include PBW, IGF, and ARKK.

ETFs correlated to PIO include CGW, CVRD, and PHO.

ETFs that are inversely correlated to PIO include EPV, EFZ, and SDS.

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.