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ETFs

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

PXI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 12 2006
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$2,478,186
AUM
$118,674,732
Associated Index
DWA Energy Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

LNG
Cheniere Energy Inc.
5.65%
PBF
PBF Energy Inc - Ordinary Shares - Class A
5.41%
MPC
Marathon Petroleum Corp
4.37%
CHRD
Chord Energy Corp - Ordinary Shares - New
4.22%
HES
Hess Corporation
3.73%
TRGP
Targa Resources Corp
3.55%
WFRD
Weatherford International plc - Ordinary Shares - New
3.45%
PR
Permian Resources Corp - Ordinary Shares - Class A
3.21%
TPL
Texas Pacific Land Corporation
3.03%
AMR
Alpha Metallurgical Resources Inc
3.02%
Invest with PXI

What is PXI?

The Invesco DWA Energy Momentum ETF (Fund) is based on the Dorsey Wright Energy Technical Leaders Index (DWA Energy 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 toPXI

ETFs correlated to PXI include GUSH, XOP, PXE

PXI
Invesco Capital Management LLC - Invesco Dorsey Wright Energy Momentum ETF
GUSH
Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares
XOP
SPDR Series Trust - SPDR Oil & Gas Exploration and Production ETF
PXE
Invesco Capital Management LLC - Invesco Energy Exploration & Production ETF
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
FTXN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Oil & Gas ETF
FCG
First Trust Exchange-Traded Fund III - First Trust Natural Gas ETF
IEO
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil & Gas Exploration & Production ETF
FXN
First Trust Exchange-Traded Fund III - First Trust Energy AlphaDEX Fund
VDE
Vanguard Group, Inc. - Vanguard Energy ETF
FENY
Fidelity Covington Trust - Fidelity MSCI Energy Index 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 toPXI

#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 PXI using Composer

FAQ

PXI is a US Equities ETF. The Invesco DWA Energy Momentum ETF (Fund) is based on the Dorsey Wright Energy Technical Leaders Index (DWA Energy 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.

PXI tracks the DWA Energy Technical Leaders Index.

No, PXI 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, PXI 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 PXI is 0.047%. This is the percent change in the value of PXI over the most recent 1-month period. The 3-month return on PXI is 0.2157%. This is the percent change in the value of PXI over the most recent 3-month period.

The standard deviation of PXI for the past year is 0.3438%. 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 PXI include XLI, XLY, and XLV.

ETFs correlated to PXI include GUSH, XOP, and PXE.

ETFs that are inversely correlated to PXI include DRIP, OILD, and DUG.

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.