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ETFs

Invesco S&P MidCap Momentum ETF

XMMO
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Today’s Change
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Snapshot
*

Inception Date
Mar 03 2005
Expense Ratio
0.33%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$2,820,197
AUM
$1,107,607,343
Associated Index
S&P Midcap 400 Momentum Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

JBL
Jabil Inc
4.21%
BLDR
Builders Firstsource Inc
4.12%
RS
Reliance Steel & Aluminum Co.
3.28%
DECK
Deckers Outdoor Corp.
3.23%
SMCI
Super Micro Computer Inc
3.22%
EME
Emcor Group, Inc.
2.96%
HUBB
Hubbell Inc.
2.84%
PEN
Penumbra Inc
2.72%
OC
Owens Corning
2.20%
LII
Lennox International Inc
2.19%
Invest with XMMO

What is XMMO?

The Invesco S&P MidCap Momentum ETF (Fund) is based on the S&P Midcap 400 Momentum Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of securities with 80 securities in the S&P Midcap 400 Index having the highest momentum scores, which are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 400 Index.

ETFs related toXMMO

ETFs correlated to XMMO include XMVM, IVOO, LSAF

XMMO
Invesco Capital Management LLC - Invesco S&P MidCap Momentum ETF
XMVM
Invesco Capital Management LLC - Invesco S&P MidCap Value with Momentum ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
LSAF
Two Roads Shared Trust - LeaderShares AlphaFactor US Core Equity ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
MDYG
SPDR Series Trust - SPDR S&P 400 Mid Cap Growth ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
DON
WisdomTree Trust - WisdomTree U.S. MidCap Dividend Fund
MDY
State Street Global Advisors - S&P MidCap 400 ETF
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth 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 toXMMO

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with XMMO using Composer

FAQ

XMMO is a US Equities ETF. The Invesco S&P MidCap Momentum ETF (Fund) is based on the S&P Midcap 400 Momentum Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of securities with 80 securities in the S&P Midcap 400 Index having the highest momentum scores, which are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 400 Index.

XMMO tracks the S&P Midcap 400 Momentum Index.

No, XMMO 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, XMMO 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 XMMO is -0.0075%. This is the percent change in the value of XMMO over the most recent 1-month period. The 3-month return on XMMO is 0.0376%. This is the percent change in the value of XMMO over the most recent 3-month period.

The standard deviation of XMMO for the past year is 0.1823%. 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 XMMO include SPHQ, DSI, and QUAL.

ETFs correlated to XMMO include XMVM, IVOO, and LSAF.

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

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.