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ETFs

Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Utilities Momentum ETF

PUI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 26 2005
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$48,951
AUM
$37,084,119
Associated Index
DWA Utilities Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CEG
Constellation Energy Corporation
4.93%
OKE
Oneok Inc.
4.43%
SO
Southern Company
3.99%
LNT
Alliant Energy Corp.
3.85%
NEE
NextEra Energy Inc
3.73%
PCG
PG&E Corp.
3.70%
ATO
Atmos Energy Corp.
3.66%
SRE
Sempra Energy
3.60%
DUK
Duke Energy Corp.
3.55%
NI
NiSource Inc
3.50%
Invest with PUI

What is PUI?

The Invesco DWA Utilities Momentum ETF (Fund) is based on the Dorsey Wright Utilities Technical Leaders Index (DWA Utilities Technical Leaders 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 identify companies that are showing relative strength (momentum), and is composed of at least 30 common stocks from the NASDAQ US Benchmark Index. Relative strength is the measurement of a securitys performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

ETFs related toPUI

ETFs correlated to PUI include RSPU, VPU, FUTY

PUI
Invesco Capital Management LLC - Invesco Dorsey Wright Utilities Momentum ETF
RSPU
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Utilities ETF
VPU
Vanguard Group, Inc. - Vanguard Utilities ETF
FUTY
Fidelity Covington Trust - Fidelity MSCI Utilities Index ETF
IDU
BlackRock Institutional Trust Company N.A. - iShares U.S. Utilities ETF
UTSL
Direxion Shares ETF Trust - Direxion Daily Utilities Bull 3X Shares
XLU
SSgA Active Trust - Utilities Select Sector SPDR ETF
FXU
First Trust Exchange-Traded Fund III - First Trust Utilities AlphaDEX Fund
SPLV
Invesco Capital Management LLC - Invesco S&P 500 Low Volatility ETF
LVHD
Legg Mason ETF Investment Trust - Franklin U.S. Low Volatility High Dividend Index ETF
FVD
First Trust Exchange-Traded Fund III - First Trust Value Line Dividend Index Fund

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 toPUI

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with PUI using Composer

FAQ

PUI is a US Equities ETF. The Invesco DWA Utilities Momentum ETF (Fund) is based on the Dorsey Wright Utilities Technical Leaders Index (DWA Utilities Technical Leaders 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 identify companies that are showing relative strength (momentum), and is composed of at least 30 common stocks from the NASDAQ US Benchmark Index. Relative strength is the measurement of a securitys performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

PUI tracks the DWA Utilities Technical Leaders Index.

No, PUI 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, PUI 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 PUI is 0.0014%. This is the percent change in the value of PUI over the most recent 1-month period. The 3-month return on PUI is -0.0196%. This is the percent change in the value of PUI over the most recent 3-month period.

The standard deviation of PUI for the past year is 0.1853%. 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 PUI include XLI, XLY, and XLV.

ETFs correlated to PUI include RSPU, VPU, and FUTY.

ETFs that are inversely correlated to PUI include DRV, SRS, and SDOW.

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.