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ETFs

Invesco Investment Grade Defensive ETF

IIGD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 25, 2018
Expense Ratio
0.13%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$340,353
AUM
$68,164,610
Associated Index
Invesco Investment Grade Defensive Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MMUT5567655
MassMutual Global Funding II
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Metropolitan Life 3.45 % Medium Term Notes 2016-18.12.26 -144A-
0.77%
ALDA
Honeywell Intl 2.5 % Notes 2016-01.11.26 Global
0.76%
PPL/26
PPL Capital Funding, Inc. - 3.10% NT REDEEM 15/05/2026 USD 2000
0.76%
CAT/26E
Caterpillar Financial Services Corp. - 4.35% MTN REDEEM 15/05/2026 USD 1000
0.76%
NWMA5598769
Northwestern Mutual Global Funding
0.76%
ABT26
Abbott Laboratories - 3.75% NT REDEEM 30/11/2026 USD 2000
0.76%
XOM26
Exxon Mobil Corp. - 3.043% NT REDEEM 01/03/2026 USD 2000
0.76%
TFC/26
Branch Banking and Trust Co - 3.80% NT REDEEM 30/10/2026 USD 250000
0.75%
BAC26C
Bank Of America Corp. - 3.50% NT REDEEM 19/04/2026 USD 2000
0.75%
Invest with IIGD

What is IIGD?

The Invesco Investment Grade Defensive ETF (Fund) is based on the Invesco Investment Grade Defensive Index (Index). The Fund generally will invest at least 80% of its total assets in securities that comprise the Index, which is designed to provide exposure to U.S. investment grade bonds with relatively higher-quality characteristics, including higher credit ratings and shorter maturities. All eligible bonds are assigned a quality score, which is calculated based on the bond s maturity and credit rating. The Fund does not purchase all the securities in the Index; instead, it utilizes a sampling methodology to seek to achieve its investment objective. The Fund and the index are rebalanced monthly.

ETFs related toIIGD

ETFs correlated to IIGD include BSCS, IGSB, VCSH

IIGD
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco Investment Grade Defensive ETF
BSCS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2028 Corporate Bond ETF
IGSB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
SUSB
iShares Trust - iShares Trust iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SLQD
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year Investment Grade Corporate Bond ETF
SCHJ
Schwab Strategic Trust - Schwab 1-5 Year Corporate Bond ETF
AVSF
American Century ETF Trust - Avantis Short-Term Fixed Income ETF
BSCR
Invesco Capital Management LLC - Invesco BulletShares 2027 Corporate Bond ETF
ISTB
BlackRock Institutional Trust Company N.A. - iShares Core 1-5 Year USD Bond ETF
BSCT
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2029 Corporate Bond 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 toIIGD

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with IIGD using Composer

News Related to IIGD

Invesco's Big Fixed Income Factor ETF Splash

Jul 26, 2018 • by ETF Professor
Read

FAQ

IIGD is a US Bonds ETF. The Invesco Investment Grade Defensive ETF (Fund) is based on the Invesco Investment Grade Defensive Index (Index). The Fund generally will invest at least 80% of its total assets in securities that comprise the Index, which is designed to provide exposure to U.S. investment grade bonds with relatively higher-quality characteristics, including higher credit ratings and shorter maturities. All eligible bonds are assigned a quality score, which is calculated based on the bond s maturity and credit rating. The Fund does not purchase all the securities in the Index; instead, it utilizes a sampling methodology to seek to achieve its investment objective. The Fund and the index are rebalanced monthly.

IIGD tracks the Invesco Investment Grade Defensive Index.

No, IIGD 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, IIGD 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 IIGD is -0.002%. This is the percent change in the value of IIGD over the most recent 1-month period. The 3-month return on IIGD is -0.0053%. This is the percent change in the value of IIGD over the most recent 3-month period.

The standard deviation of IIGD for the past year is 0.0482%. 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 IIGD include SPIB, VCIT, and LQD.

ETFs correlated to IIGD include BSCS, IGSB, and VCSH.

ETFs that are inversely correlated to IIGD include TBX, PST, and TTT.

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.