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Invesco S&P 100 Equal Weight ETF

EQWL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 01 2006
Expense Ratio
0.25%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$2,088,285
AUM
$231,709,035
Associated Index
S&P 100 Equal Weight Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

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ADBE
Adobe Inc
1.23%
Invest with EQWL

What is EQWL?

The Invesco S&P 100 Equal Weight ETF (Fund) is based on the S&P 100 Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is an equal-weight version of the S&P 100 Index.

ETFs related toEQWL

ETFs correlated to EQWL include JHML, DIVB, VLU

EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
DIVB
BlackRock Institutional Trust Company N.A. - iShares Core Dividend ETF
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
QDF
FlexShares Trust - FlexShares Quality Dividend Index Fund
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
EPS
WisdomTree Trust - WisdomTree U.S. LargeCap Fund
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index 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 toEQWL

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with EQWL using Composer

FAQ

EQWL is a US Equities ETF. The Invesco S&P 100 Equal Weight ETF (Fund) is based on the S&P 100 Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is an equal-weight version of the S&P 100 Index.

EQWL tracks the S&P 100 Equal Weight Index.

No, EQWL 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, EQWL 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 EQWL is 0.0276%. This is the percent change in the value of EQWL over the most recent 1-month period. The 3-month return on EQWL is 0.0118%. This is the percent change in the value of EQWL over the most recent 3-month period.

The standard deviation of EQWL for the past year is 0.1941%. 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 EQWL include IWM, MDY, and QQQ.

ETFs correlated to EQWL include JHML, DIVB, and VLU.

ETFs that are inversely correlated to EQWL include SDS, SPDN, and SH.

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.