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ETFs

Invesco S&P 500 Minimum Variance ETF

SPMV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 13 2017
Expense Ratio
0.10%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$102,045
AUM
$22,072,224
Associated Index
S&P 500 Minimum Volatility Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

DUK
Duke Energy Corp.
2.39%
PGR
Progressive Corp.
2.38%
CB
Chubb Limited
2.36%
TMUS
T-Mobile US Inc
2.33%
T
AT&T, Inc.
2.32%
NEE
NextEra Energy Inc
2.31%
AJG
Arthur J. Gallagher & Co.
2.29%
MDLZ
Mondelez International Inc. - Ordinary Shares - Class A
2.26%
VRTX
Vertex Pharmaceuticals, Inc.
2.26%
AMGN
AMGEN Inc.
2.26%
Invest with SPMV

What is SPMV?

The Invesco S&P 500 Minimum Variance ETF (the "Fund") is based on the S&P 500 Minimum Volatility Index (the "Index"). The fund will invest at least 90% of its total assets in securities that comprise the index. The index employs a managed-volatility methodology that seeks to achieve lower total risk than the S&P 500 Index, while maintaining similar characteristics. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The fund and the index are rebalanced and reconstituted semi-annually.

ETFs related toSPMV

ETFs correlated to SPMV include USMV, FDLO, GLOV

SPMV
Invesco Capital Management LLC - Invesco S&P 500 Minimum Variance ETF
USMV
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Min Vol Factor ETF
FDLO
Fidelity Covington Trust - Fidelity Low Volatility Factor ETF
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
OUSA
OSI ETF Trust - ALPS O'Shares U.S. Quality Dividend ETF
VIG
Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF
LGLV
SPDR Series Trust - SPDR SSGA US Large Cap Low Volatility Index ETF
TDVG
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Dividend Growth ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
DGRO
BlackRock Institutional Trust Company N.A. - iShares Core Dividend Growth ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US 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.

Automated Strategies
Related toSPMV

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with SPMV using Composer

FAQ

SPMV is a US Equities ETF. The Invesco S&P 500 Minimum Variance ETF (the "Fund") is based on the S&P 500 Minimum Volatility Index (the "Index"). The fund will invest at least 90% of its total assets in securities that comprise the index. The index employs a managed-volatility methodology that seeks to achieve lower total risk than the S&P 500 Index, while maintaining similar characteristics. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The fund and the index are rebalanced and reconstituted semi-annually.

SPMV tracks the S&P 500 Minimum Volatility Index.

No, SPMV 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, SPMV 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 SPMV is -0.0101%. This is the percent change in the value of SPMV over the most recent 1-month period. The 3-month return on SPMV is -0.0241%. This is the percent change in the value of SPMV over the most recent 3-month period.

The standard deviation of SPMV for the past year is 0.1393%. 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 SPMV include SPHQ, SPHB, and DSI.

ETFs correlated to SPMV include USMV, FDLO, and GLOV.

ETFs that are inversely correlated to SPMV include DOG, SDOW, and SDS.

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.