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IIGV
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Today’s Change
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Snapshot
*

Inception Date
Jul 25 2018
Expense Ratio
0.13%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$1,074,586
AUM
Associated Index
Invesco Investment Grade Value Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

AGPXX
Short-Term Investment Trust - AIM Short Term Investments Trust Govt & Agency Portfolio Inst Class
100.00%
Invest with IIGV

What is IIGV?

The Invesco Investment Grade Value ETF (Fund) is based on the Invesco Investment Grade Value 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 higher value, U.S. investment grade bonds. Higher value bonds are characterized as those with higher yields that may provide greater returns in certain markets. In addition, the Index seeks to incorporate securities with relatively higher-quality characteristics, including higher credit ratings and shorter maturities. All eligible bonds are assigned a quality adjusted value score, which is calculated based on a combination of value and quality factors or characteristics. 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 toIIGV

ETFs correlated to IIGV include IGIB, VCIT, SCHI

IIGV
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco Investment Grade Value ETF
IGIB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF
VCIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Corporate Bond ETF
SCHI
Schwab Strategic Trust - Schwab 5-10 Year Corporate Bond ETF
BSCU
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2030 Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
IBDU
iShares Trust - iShares iBonds Dec 2029 Term Corporate ETF
SPBO
SPDR Series Trust - SPDR Portfolio 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 toIIGV

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with IIGV using Composer

FAQ

IIGV is a US Bonds ETF. The Invesco Investment Grade Value ETF (Fund) is based on the Invesco Investment Grade Value 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 higher value, U.S. investment grade bonds. Higher value bonds are characterized as those with higher yields that may provide greater returns in certain markets. In addition, the Index seeks to incorporate securities with relatively higher-quality characteristics, including higher credit ratings and shorter maturities. All eligible bonds are assigned a quality adjusted value score, which is calculated based on a combination of value and quality factors or characteristics. 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.

IIGV tracks the Invesco Investment Grade Value Index.

No, IIGV 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, IIGV 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 IIGV is 0.0243%. This is the percent change in the value of IIGV over the most recent 1-month period. The 3-month return on IIGV is 0.029%. This is the percent change in the value of IIGV over the most recent 3-month period.

The standard deviation of IIGV for the past year is 0.0947%. 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 IIGV include USIG, VCLT, and JNK.

ETFs correlated to IIGV include IGIB, VCIT, and SCHI.

ETFs that are inversely correlated to IIGV include TBX, TYO, and PST.

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.