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ETFs

Invesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF

RSPC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 07 2018
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$216,375
AUM
$122,351,494
Associated Index
S&P 500 Equal Weight Communication Services Plus Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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Invest with RSPC

What is RSPC?

The Invesco S&P 500 Equal Weight Communication Services ETF (Fund) is based on the S&P 500 Equal Weight Communication Services Plus Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is comprised of common stocks of companies in the Global Industry Classification Standard (GICS) communication services sector within the S&P 500 Index. The Fund and Index will rebalance quarterly after the close of business on the third Friday in March, June, September and December.

ETFs related toRSPC

ETFs correlated to RSPC include FCOM, VOX, XLC

RSPC
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco S&P 500 Equal Weight Communication Services ETF
FCOM
Fidelity Covington Trust - Fidelity MSCI Communication Services Index ETF
VOX
Vanguard Group, Inc. - Vanguard Communication Services ETF
XLC
SSgA Active Trust - Communication Services Select Sector SPDR Fund
IXP
BlackRock Institutional Trust Company N.A. - iShares Global Comm Services ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
IYZ
BlackRock Institutional Trust Company N.A. - iShares U.S. Telecommunications ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
MOAT
VanEck ETF Trust - VanEck Morningstar Wide Moat 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 toRSPC

#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 RSPC using Composer

FAQ

EWCO is a US Equities ETF. The Invesco S&P 500 Equal Weight Communication Services ETF (Fund) is based on the S&P 500 Equal Weight Communication Services Plus Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is comprised of common stocks of companies in the Global Industry Classification Standard (GICS) communication services sector within the S&P 500 Index. The Fund and Index will rebalance quarterly after the close of business on the third Friday in March, June, September and December.

EWCO tracks the S&P 500 Equal Weight Communication Services Plus Index.

No, EWCO 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, EWCO 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 EWCO is 0.0414%. This is the percent change in the value of EWCO over the most recent 1-month period. The 3-month return on EWCO is 0.0333%. This is the percent change in the value of EWCO over the most recent 3-month period.

The standard deviation of EWCO for the past year is 0.2534%. 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 EWCO include XLV, XLU, and XLK.

ETFs correlated to EWCO include FCOM, VOX, and XLC.

ETFs that are inversely correlated to EWCO include HIBS, SH, and SDS.

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.