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ETFs

Invesco S&P Spin-Off ETF

CSD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 15 2006
Expense Ratio
0.65%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$59,244
AUM
$50,585,552
Associated Index
S&P U.S. Spin-Off Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GEHC
GE HealthCare Technologies Inc
8.40%
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Otis Worldwide Corp
8.00%
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Constellation Energy Corporation
7.99%
CARR
Carrier Global Corp
7.95%
DOW
Dow Inc
7.81%
CTVA
Corteva Inc
7.77%
OGN
Organon & Co.
4.61%
GXO
GXO Logistics Inc
4.52%
CNXC
Concentrix Corporation
4.24%
AIRC
Apartment Income REIT Corp - Ordinary Shares - Class A
4.23%
Invest with CSD

What is CSD?

The Invesco S&P Spin-Off ETF (Fund) is based on the S&P U.S. Spin-Off Index (Index). The Fund will invest at least 80% of its total assets in securities and depositary receipts that comprise the Index. The Index is composed of companies that have been spun off from larger corporations within the past four years. The Index is computed using the gross total return, which reflects dividends paid. The Fund and the Index are rebalanced monthly.

ETFs related toCSD

ETFs correlated to CSD include SCHM, JHMM, EQAL

CSD
Invesco Capital Management LLC - Invesco S&P Spin-Off ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares

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 toCSD

#TSMO

Treasury and Stock Momentum

Category

Momentum, Be Risk Aware

Risk Rating

Aggressive

#ROROMO

Risk On or Risk Off Momentum

Category

Momentum, Tactical Asset Allocation, Be Risk Aware

Risk Rating

Moderate

Create your own algorithmic trading strategy with CSD using Composer

FAQ

CSD is a US Equities ETF. The Invesco S&P Spin-Off ETF (Fund) is based on the S&P U.S. Spin-Off Index (Index). The Fund will invest at least 80% of its total assets in securities and depositary receipts that comprise the Index. The Index is composed of companies that have been spun off from larger corporations within the past four years. The Index is computed using the gross total return, which reflects dividends paid. The Fund and the Index are rebalanced monthly.

CSD tracks the S&P U.S. Spin-Off Index.

No, CSD 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, CSD 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 CSD is -0.0804%. This is the percent change in the value of CSD over the most recent 1-month period. The 3-month return on CSD is 0.0131%. This is the percent change in the value of CSD over the most recent 3-month period.

The standard deviation of CSD for the past year is 0.2562%. 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 CSD include SPHQ, QUAL, and SUSA.

ETFs correlated to CSD include SCHM, JHMM, and EQAL.

ETFs that are inversely correlated to CSD 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.