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ETFs

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

EWCO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 07 2018
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$3,535,852
AUM
$116,959,723
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

META
Meta Platforms Inc - Ordinary Shares - Class A
4.90%
MTCH
Match Group Inc. - Ordinary Shares - New
4.70%
TTWO
Take-Two Interactive Software, Inc.
4.66%
CHTR
Charter Communications Inc. - Ordinary Shares - Class A
4.65%
PARA
Paramount Global - Ordinary Shares - Class B
4.65%
EA
Electronic Arts, Inc.
4.58%
WBD
Warner Bros. Discovery Inc - Ordinary Shares - Class A
4.57%
IPG
Interpublic Group Of Cos., Inc.
4.56%
CMCSA
Comcast Corp - Ordinary Shares - Class A
4.56%
NFLX
Netflix Inc.
4.54%
Invest with EWCO

What is EWCO?

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 toEWCO

ETFs correlated to EWCO include FCOM, VOX, XLC

EWCO
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
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
CACG
Legg Mason ETF Investment Trust - ClearBridge All Cap Growth ESG ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index 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 toEWCO

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with EWCO 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 -0.0458%. This is the percent change in the value of EWCO over the most recent 1-month period. The 3-month return on EWCO is 0.07%. 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 0.271%. 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 XLI, XLV, and XLK.

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

ETFs that are inversely correlated to EWCO include HIBS, WEBS, and TZA.

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.