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ETFs

Invesco Bloomberg Pricing Power ETF

POWA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 15 2006
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$901,526
AUM
$201,031,539
Associated Index
Bloomberg Pricing Power Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

VEEV
Veeva Systems Inc - Ordinary Shares - Class A
2.26%
COR
Cencora Inc.
2.18%
CAH
Cardinal Health, Inc.
2.17%
MCK
Mckesson Corporation
2.17%
COST
Costco Wholesale Corp
2.15%
CTAS
Cintas Corporation
2.14%
LULU
Lululemon Athletica inc.
2.14%
WMT
Walmart Inc
2.14%
BR
Broadridge Financial Solutions, Inc.
2.10%
ACN
Accenture plc - Ordinary Shares - Class A
2.09%
Invest with POWA

What is POWA?

he Invesco Bloomberg Pricing Power ETF (Fund) is based on the Bloomberg Pricing Power Index (Index). The Fund will invest at least 80% of its total assets in securities that comprise the Index. The Index is composed of U.S. large- and mid-capitalization companies that the Index Provider believes, are well-positioned to maintain stable profit margins in all market conditions while focusing on companies that have the smallest deviations among their annual gross profit margins over the last five years.

ETFs related toPOWA

ETFs correlated to POWA include LGLV, VIG, NOBL

POWA
Invesco Capital Management LLC - Invesco Bloomberg Pricing Power ETF
LGLV
SPDR Series Trust - SPDR SSGA US Large Cap Low Volatility Index ETF
VIG
Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF
NOBL
ProShares Trust - ProShares S&P 500 Dividend Aristocrats ETF
DGRO
BlackRock Institutional Trust Company N.A. - iShares Core Dividend Growth ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF
NULV
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Value ETF
FTCS
First Trust Exchange-Traded Fund III - First Trust Capital Strength ETF
TDVG
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Dividend Growth ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. 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.

Automated Strategies
Related toPOWA

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with POWA using Composer

FAQ

POWA is a US Equities ETF. he Invesco Bloomberg Pricing Power ETF (Fund) is based on the Bloomberg Pricing Power Index (Index). The Fund will invest at least 80% of its total assets in securities that comprise the Index. The Index is composed of U.S. large- and mid-capitalization companies that the Index Provider believes, are well-positioned to maintain stable profit margins in all market conditions while focusing on companies that have the smallest deviations among their annual gross profit margins over the last five years.

POWA tracks the Bloomberg Pricing Power Index.

No, POWA 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, POWA 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 POWA is -0.0203%. This is the percent change in the value of POWA over the most recent 1-month period. The 3-month return on POWA is -0.0229%. This is the percent change in the value of POWA over the most recent 3-month period.

The standard deviation of POWA for the past year is 0.1453%. 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 POWA include VYM, DFAS, and DFAT.

ETFs correlated to POWA include LGLV, VIG, and NOBL.

ETFs that are inversely correlated to POWA include SDOW, DOG, and DXD.

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.