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ETFs

Invesco Zacks Mid-Cap ETF

CZA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 02 2007
Expense Ratio
0.69%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$315,327
AUM
$197,424,786
Associated Index
Zacks Mid-Cap Core Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

DFS
Discover Financial Services
2.38%
CCEP
Coca-Cola Europacific Partners Plc
2.27%
AVB
Avalonbay Communities Inc.
2.17%
VMC
Vulcan Materials Co
2.14%
STT
State Street Corp.
2.06%
EQR
Equity Residential Properties Trust
2.06%
WTW
Willis Towers Watson Public Limited Co
1.92%
FTV
Fortive Corp
1.89%
DTE
DTE Energy Co.
1.87%
CHD
Church & Dwight Co., 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 VOE, IWS, JPME

CZA
Invesco Capital Management LLC - Invesco Zacks Mid-Cap ETF
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
CFA
Victory Portfolios II - VictoryShares US 500 Volatility Wtd ETF
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
NUMV
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Value ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund

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 toCZA

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with CZA using Composer

FAQ

CZA is a US Equities ETF. 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.

CZA tracks the Zacks Mid-Cap Core Index.

No, CZA 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, CZA 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 CZA is 0.0243%. This is the percent change in the value of CZA over the most recent 1-month period. The 3-month return on CZA is -0.0172%. This is the percent change in the value of CZA over the most recent 3-month period.

The standard deviation of CZA for the past year is 0.2056%. 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 CZA include QQQ, IJR, and DIA.

ETFs correlated to CZA include VOE, IWS, and JPME.

ETFs that are inversely correlated to CZA include SEF, TWM, and SRTY.

Disclaimers

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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.