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Invesco Zacks Mid-Cap ETF

CZA
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 02 2007
Expense Ratio
0.69%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$477,527
AUM
$218,424,773
Associated Index
Zacks Mid-Cap Core Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

CDW
CDW Corp
2.05%
EFX
Equifax, Inc.
2.02%
MTB
M & T Bank Corp
2.01%
CCEP
Coca-Cola Europacific Partners Plc
1.95%
FRC
First Republic Bank
1.95%
DB
Deutsche Bank AG - Registered Shares
1.93%
AVB
Avalonbay Communities Inc.
1.91%
RPRX
Royalty Pharma plc - Ordinary Shares - Class A
1.87%
LUV
Southwest Airlines Co
1.87%
HIG
Hartford Financial Services Group Inc.
1.85%
Invest with CZA

What is CZA?

The PowerShares Zacks Mid-Cap Portfolio (Fund) is based on the Zacks Mid-Cap Core Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index selects securities from a universe of mid-capitalization securities, including master limited partnerships (MLPs) and American depositary receipts (ADRs)and business development companies (BDCs). The Fund and the Index are rebalanced quarterly.

ETFs related toCZA

ETFs correlated to CZA include GDEF, GJAN, ENAV

CZAInvesco Capital Management LLC - Invesco Zacks Mid-Cap ETF
GDEFGoldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
Expense Ratio0.55%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
GJANFirst Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
ENAVCollaborative Investment Series Trust - Mohr Sector Navigator ETF
JPMEJ.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
USEQInvesco Capital Management LLC - Invesco Russell 1000 Enhanced Equal Weight ETF
TPLCTimothy Plan - Timothy Plan US Large/Mid Cap Core ETF
CFAVictory Portfolios II - VictoryShares US 500 Volatility Wtd ETF
IWSBlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
JPUSJ.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
VOEVanguard Group, Inc. - Vanguard Mid-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.

Disclaimers

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We show information directly obtained from our data provider, XigniteData 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 providerInformation 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.