Invesco Exchange-Traded Fund Trust II Invesco S&P SmallCap Utilities & Communication Services ETF
Snapshot*
Top 10 Holdings
What is PSCU?
The Invesco S&P SmallCap Utilities & Communication Services ETF (Fund) is based on the S&P SmallCap 600 Capped Utilities & Communication Services Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to measure the overall performance of the securities of US utility companies and companies in the communication services sector. Companies in the utility sector are principally engaged in providing either energy, water, electric or natural gas utilities, and companies the communications sector facilitate communication or offer related content and information through various types of media, such as diversified and wireless telecommunication services, media, entertainment and interactive media and services. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.
ETFs related toPSCU
ETFs correlated to PSCU include SMDV, SMMV, PEY
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
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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.