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ETFs

Invesco Exchange-Traded Fund Trust II Invesco S&P SmallCap Health Care ETF

PSCH
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 07 2010
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$823,092
AUM
$225,737,682
Associated Index
S&P SmallCap 600 Capped Healthcare Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ENSG
Ensign Group Inc
5.40%
MMSI
Merit Medical Systems, Inc.
4.03%
GKOS
Glaukos Corporation
3.76%
AMN
AMN Healthcare Services Inc.
3.22%
CNMD
Conmed Corp.
3.19%
CYTK
Cytokinetics Inc
3.05%
PBH
Prestige Consumer Healthcare Inc
2.95%
CORT
Corcept Therapeutics Inc
2.93%
SEM
Select Medical Holdings Corporation
2.78%
ITGR
Integer Holdings Corp
2.70%
Invest with PSCH

What is PSCH?

The Invesco S&P SmallCap Health Care ETF (Fund) is based on the S&P SmallCap 600 Capped Health Care Index (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 measure the overall performance of common stocks in the health care sector. Included are healthcare companies principally engaged in the business of providing healthcare-related products and services, including biotechnology, pharmaceuticals, medical technology and supplies, and facilities.

ETFs related toPSCH

ETFs correlated to PSCH include IWO, VTWG, XHE

PSCH
Invesco Capital Management LLC - Invesco S&P SmallCap Health Care ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index ETF
XHE
SPDR Series Trust - SPDR S&P Health Care Equipment ETF
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
IJT
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Growth ETF
BBSC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Small Cap 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.

FAQ

PSCH is a US Equities ETF. The Invesco S&P SmallCap Health Care ETF (Fund) is based on the S&P SmallCap 600 Capped Health Care Index (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 measure the overall performance of common stocks in the health care sector. Included are healthcare companies principally engaged in the business of providing healthcare-related products and services, including biotechnology, pharmaceuticals, medical technology and supplies, and facilities.

PSCH tracks the S&P SmallCap 600 Capped Healthcare Index.

No, PSCH 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, PSCH 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 PSCH is -0.0696%. This is the percent change in the value of PSCH over the most recent 1-month period. The 3-month return on PSCH is -0.1239%. This is the percent change in the value of PSCH over the most recent 3-month period.

The standard deviation of PSCH for the past year is 0.2085%. 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 PSCH include XLI, XLY, and XLV.

ETFs correlated to PSCH include IWO, VTWG, and XHE.

ETFs that are inversely correlated to PSCH include TWM, TZA, and SRTY.

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.