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ETFs

Invesco S&P MidCap 400 Equal Weight ETF

EWMC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 03 2010
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$1,795,290
AUM
$301,323,764
Associated Index
S&P MidCap 400 Equal Weight Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

XPO
XPO Inc
0.35%
VNO
Vornado Realty Trust
0.35%
CPRI
Capri Holdings Ltd
0.35%
SAIA
Saia Inc.
0.34%
X
United States Steel Corp.
0.34%
MTSI
MACOM Technology Solutions Holdings Inc
0.33%
RH
RH - Ordinary Shares - Class A
0.32%
NOV
NOV Inc
0.32%
CELH
Celsius Holdings Inc
0.32%
YETI
YETI Holdings Inc
0.32%
Invest with EWMC

What is EWMC?

The Invesco S&P MidCap 400 Equal Weight ETF (Fund) is based on the S&P MidCap 400 Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index equally weights mid-cap securities in the S&P MidCap 400 Index. The Fund and the Index are rebalanced quarterly.

ETFs related toEWMC

ETFs correlated to EWMC include MIDU, SPMD, IJH

EWMC
Invesco Capital Management LLC - Invesco S&P MidCap 400 Equal Weight ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
JMEE
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Market Expansion Enhanced Equity ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
IVOV
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Value ETF
IJJ
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 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.

Automated Strategies
Related toEWMC

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with EWMC using Composer

FAQ

EWMC is a US Equities ETF. The Invesco S&P MidCap 400 Equal Weight ETF (Fund) is based on the S&P MidCap 400 Equal Weight Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index equally weights mid-cap securities in the S&P MidCap 400 Index. The Fund and the Index are rebalanced quarterly.

EWMC tracks the S&P MidCap 400 Equal Weight Index.

No, EWMC 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, EWMC 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 EWMC is -0.0444%. This is the percent change in the value of EWMC over the most recent 1-month period. The 3-month return on EWMC is 0.0721%. This is the percent change in the value of EWMC over the most recent 3-month period.

The standard deviation of EWMC for the past year is 0.2124%. 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 EWMC include DIA, QQQ, and IJR.

ETFs correlated to EWMC include MIDU, SPMD, and IJH.

ETFs that are inversely correlated to EWMC include TZA, RWM, and TWM.

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.