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ETFs

Invesco Zacks Multi-Asset Income ETF

CVY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 21 2006
Expense Ratio
1.00%
Type
Global Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$140,509
AUM
$94,835,826
Associated Index
Zacks Multi-Asset Income Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ARLP
ALLIANCE RESOURCE PARTNERS
1.25%
KKR/PR/C
KKR & Co. Inc - 6% PRF CONVERT 15/09/2023 USD 50 - Ser C
1.12%
DSL
DOUBLELINE INCOME SOLUTIONS
1.12%
KEY/PR/L
Keycorp - FXDFR PRF PERPETUAL USD 25 - Ser H
1.11%
BAC/PR/L
Bank Of America Corp. - 7.25% PRF PERPETUAL USD 1000 - Ser L
1.09%
SYF
Synchrony Financial
1.09%
DFS
Discover Financial Services
1.08%
WFC/PR/L
Wells Fargo & Co. - 7.50% PRF PERPETUAL USD 1000 - Cls A Ser L
1.08%
COF
Capital One Financial Corp.
1.08%
NLY
Annaly Capital Management Inc
1.08%
Invest with CVY

What is CVY?

The Invesco Zacks Multi-Asset Income ETF (Fund) is based on the Zacks Multi-Asset Income Index (Index). The Fund will invest at least 90% of its total assets in securities and depositary receipts that comprise the Index. The Index is comprised of domestic and international companies, including US listed common stocks, American depositary receipts (ADRs) paying dividends, real estate investment trusts (REITs), master limited partnerships (MLPs), closed-end funds and traditional preferred stocks. The Index is computed using the gross total return, which reflects dividends paid. The Fund and the Index are rebalanced quarterly.

ETFs related toCVY

ETFs correlated to CVY include VFVA, WTV, AVUV

CVY
Invesco Capital Management LLC - Invesco Zacks Multi-Asset Income ETF
VFVA
Vanguard Group, Inc. - Vanguard U.S. Value Factor ETF
WTV
WisdomTree Trust - WisdomTree U.S. Value Fund
AVUV
American Century ETF Trust - Avantis U.S. Small Cap Value ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
SYLD
Cambria Investment Management LP - Cambria Shareholder Yield ETF
EZM
WisdomTree Trust - WisdomTree U.S. MidCap Fund
AVLV
American Century ETF Trust - Avantis U.S. Large Cap Value ETF
DON
WisdomTree Trust - WisdomTree U.S. MidCap Dividend Fund
DFAT
Dimensional ETF Trust - Dimensional U.S. Targeted Value ETF
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value 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 toCVY

#SAM

Spread Across the Market

Category

Getting Defensive, Investing for the Long-Term

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 CVY using Composer

FAQ

CVY is a Global Equities ETF. The Invesco Zacks Multi-Asset Income ETF (Fund) is based on the Zacks Multi-Asset Income Index (Index). The Fund will invest at least 90% of its total assets in securities and depositary receipts that comprise the Index. The Index is comprised of domestic and international companies, including US listed common stocks, American depositary receipts (ADRs) paying dividends, real estate investment trusts (REITs), master limited partnerships (MLPs), closed-end funds and traditional preferred stocks. The Index is computed using the gross total return, which reflects dividends paid. The Fund and the Index are rebalanced quarterly.

CVY tracks the Zacks Multi-Asset Income Index.

CVY dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, CVY 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, CVY 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 CVY is 0.0415%. This is the percent change in the value of CVY over the most recent 1-month period. The 3-month return on CVY is -0.0037%. This is the percent change in the value of CVY over the most recent 3-month period.

The standard deviation of CVY for the past year is 0.2121%. 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 CVY include DXJ, PID, and DLS.

ETFs correlated to CVY include VFVA, WTV, and AVUV.

ETFs that are inversely correlated to CVY include RWM, TZA, and SBB.

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.