Top 10 Holdings
What is IVDG?
The Invesco Focused Discovery Growth ETF (Fund) is an actively-managed exchanged-traded fund that seeks capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in exchange-traded common stocks of U.S. companies that are newer or more established companies that are in the early growth phase of their business cycle, which is typically marked by above average growth rates. The Fund will primarily hold securities of mid-capitalization issuers defined by the Russell Midcap Growth Index. This range is subject to change at any time due to market activity or changes in the composition of that index.
ETFs related toIVDG
ETFs correlated to IVDG include QGRO, IWP, IMCG
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.
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Create your own algorithmic trading strategy with IVDG using Composer
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.