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ETFs

Invesco S&P MidCap Low Volatility ETF

XMLV
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Today’s Change
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Snapshot
*

Inception Date
Feb 15 2013
Expense Ratio
0.25%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$2,517,593
AUM
$860,209,201
Associated Index
S&P MidCap 400 Low Volatility Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CHE
Chemed Corp.
1.69%
INGR
Ingredion Inc
1.62%
CASY
Casey`s General Stores, Inc.
1.61%
POST
Post Holdings Inc
1.55%
NNN
NNN REIT Inc
1.53%
OGE
Oge Energy Corp.
1.51%
ATR
Aptargroup Inc.
1.49%
IDA
Idacorp, Inc.
1.46%
ADC
Agree Realty Corp.
1.46%
NWE
Northwestern Corp.
1.44%
Invest with XMLV

What is XMLV?

The Invesco S&P MidCap Low Volatility ETF (Fund) is based on the S&P MidCap 400 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poors, consisting of 80 out of 400 medium-capitalization securities from the S&P MidCap 400 Index with the lowest realized volatility over the past 12 months. 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 quarterly.

ETFs related toXMLV

ETFs correlated to XMLV include REGL, SMMV, SMDV

XMLV
Invesco Capital Management LLC - Invesco S&P MidCap Low Volatility ETF
REGL
ProShares Trust - ProShares S&P MidCap 400 Div Aristocrats ETF
SMMV
iShares Trust - iShares MSCI USA Small-Cap Min Vol Factor ETF
SMDV
ProShares Trust - ProShares Russell 2000 Div Growers ETF
SDY
SPDR Series Trust - SPDR Dividend ETF
DON
WisdomTree Trust - WisdomTree U.S. MidCap Dividend Fund
SMIG
ETF Series Solutions Trust - AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF
DES
WisdomTree Trust - WisdomTree U.S. SmallCap Dividend Fund
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
CSB
Victory Portfolios II - VictoryShares US Small Cap High Div Volatility Wtd ETF
IFRA
BlackRock Institutional Trust Company N.A. - iShares U.S. Infrastructure 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 toXMLV

#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 XMLV using Composer

FAQ

XMLV is a US Equities ETF. The Invesco S&P MidCap Low Volatility ETF (Fund) is based on the S&P MidCap 400 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poors, consisting of 80 out of 400 medium-capitalization securities from the S&P MidCap 400 Index with the lowest realized volatility over the past 12 months. 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 quarterly.

XMLV tracks the S&P MidCap 400 Low Volatility Index.

No, XMLV 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, XMLV 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 XMLV is -0.0098%. This is the percent change in the value of XMLV over the most recent 1-month period. The 3-month return on XMLV is -0.0066%. This is the percent change in the value of XMLV over the most recent 3-month period.

The standard deviation of XMLV for the past year is 0.1688%. 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 XMLV include SPHQ, DSI, and QUAL.

ETFs correlated to XMLV include REGL, SMMV, and SMDV.

ETFs that are inversely correlated to XMLV 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.