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ETFs

Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Basic Materials Momentum ETF

PYZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 12 2006
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$332,644
AUM
$139,005,041
Associated Index
DWA Basic Materials Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

OLN
Olin Corp.
4.17%
RS
Reliance Steel & Aluminum Co.
4.17%
APD
Air Products & Chemicals Inc.
4.16%
AVY
Avery Dennison Corp.
4.15%
STLD
Steel Dynamics Inc.
4.00%
NUE
Nucor Corp.
3.57%
CRS
Carpenter Technology Corp.
3.55%
VVV
Valvoline Inc
3.09%
ATI
ATI Inc
2.91%
X
United States Steel Corp.
2.77%
Invest with PYZ

What is PYZ?

The Invesco DWA Basic Materials Momentum ETF (Fund) is based on the Dorsey Wright Basic Materials Technical Leaders Index (DWA Basic Materials 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 toPYZ

ETFs correlated to PYZ include FXZ, FMAT, VAW

PYZ
Invesco Capital Management LLC - Invesco Dorsey Wright Basic Materials Momentum ETF
FXZ
First Trust Exchange-Traded Fund III - First Trust Materials AlphaDEX Fund
FMAT
Fidelity Covington Trust - Fidelity MSCI Materials Index ETF
VAW
Vanguard Group, Inc. - Vanguard Materials ETF
IYM
BlackRock Institutional Trust Company N.A. - iShares U.S. Basic Materials ETF
XLB
SSgA Active Trust - Materials Select Sector SPDR
XME
SPDR Series Trust - SPDR Metals & Mining ETF
PAVE
Global X Funds - Global X U.S. Infrastructure Development ETF
SYLD
Cambria Investment Management LP - Cambria Shareholder Yield ETF
RWK
Invesco Exchange-Traded Fund Trust II - Invesco S&P MidCap 400 Revenue ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 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 toPYZ

#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 PYZ using Composer

FAQ

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

PYZ tracks the DWA Basic Materials Technical Leaders Index.

No, PYZ 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, PYZ 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 PYZ is -0.0407%. This is the percent change in the value of PYZ over the most recent 1-month period. The 3-month return on PYZ is -0.0376%. This is the percent change in the value of PYZ over the most recent 3-month period.

The standard deviation of PYZ for the past year is 0.2564%. 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 PYZ include XLI, XLY, and XLV.

ETFs correlated to PYZ include FXZ, FMAT, and VAW.

ETFs that are inversely correlated to PYZ include TZA, RWM, and TWM.

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.