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ETFs

IUSS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 12 2018
Expense Ratio
0.23%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$2,522,302
AUM
—
Associated Index
Invesco Strategic US Small Company Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AGPXX
Short-Term Investment Trust - AIM Short Term Investments Trust Govt & Agency Portfolio Inst Class
99.92%
n/a
Cash/Receivables/Payables
0.08%
TR
Tootsie Roll Industries, Inc.
0.00%
Invest with IUSS

What is IUSS?

The Invesco RAFI Strategic US Small Company ETF (Fund) is based on the Invesco Strategic US Small Company Index (Index). The Fund will normally invest at least 80% of its total assets in securities that comprise the Index. The Index is designed to measure the performance of high quality, small-sized US companies. The eligible equity securities are assigned a business-size score based on the equally-weighted average of sales, operating cash flow, total return of capital and book value over the prior five years or life of the security. For real estate securities, operating cash flow is replaced by funds from operations and book value is replaced by total assets. The securities are then assigned a quality score and ranked based on the equally-weighted average of efficiency (ratio of sales-to-assets in the prior year) and growth (percentage change in ratio of sales-to-assets over the prior five years or life of the security). The Fund and the Index are reconstituted annually.

ETFs related toIUSS

ETFs correlated to IUSS include VB, ESML, SMMD

IUSS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US Small Company ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares

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 toIUSS

#IWM

Russell 2000

Category

Benchmarks

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with IUSS using Composer

FAQ

IUSS is a US Equities ETF. The Invesco RAFI Strategic US Small Company ETF (Fund) is based on the Invesco Strategic US Small Company Index (Index). The Fund will normally invest at least 80% of its total assets in securities that comprise the Index. The Index is designed to measure the performance of high quality, small-sized US companies. The eligible equity securities are assigned a business-size score based on the equally-weighted average of sales, operating cash flow, total return of capital and book value over the prior five years or life of the security. For real estate securities, operating cash flow is replaced by funds from operations and book value is replaced by total assets. The securities are then assigned a quality score and ranked based on the equally-weighted average of efficiency (ratio of sales-to-assets in the prior year) and growth (percentage change in ratio of sales-to-assets over the prior five years or life of the security). The Fund and the Index are reconstituted annually.

IUSS tracks the Invesco Strategic US Small Company Index.

No, IUSS 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, IUSS 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 IUSS is -0.0729%. This is the percent change in the value of IUSS over the most recent 1-month period. The 3-month return on IUSS is 0.0359%. This is the percent change in the value of IUSS over the most recent 3-month period.

The standard deviation of IUSS for the past year is 0.2554%. 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 IUSS include QQQ, IVV, and MDY.

ETFs correlated to IUSS include VB, ESML, and SMMD.

ETFs that are inversely correlated to IUSS include TZA, RWM, and SRTY.

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.