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ETFs

Invesco PureBeta US Aggregate Bond ETF

PBND
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 29 2017
Expense Ratio
0.05%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$1,166,393
AUM
$48,627,062
Associated Index
ICE BofA Merrill Lynch US Broad Market Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
United States Treasury Note/Bond
0.70%
n/a
United States Treasury Note/Bond
0.60%
n/a
United States Treasury Note/Bond
0.58%
n/a
United States Treasury Note/Bond
0.55%
n/a
United States Treasury Note/Bond
0.54%
n/a
United States Treasury Note/Bond
0.52%
n/a
United States Treasury Note/Bond
0.45%
n/a
United States Treasury Note/Bond
0.44%
n/a
United States Treasury Note/Bond
0.43%
n/a
United States Treasury Note/Bond
0.43%
Invest with PBND

What is PBND?

The Invesco PureBeta, US Aggregate Bond ETF (the "fund") is based on the ICE BofAML US Broad Market Index, (the index). The fund will invest at least 80% of its total assets in securities that comprise the index. The index measures the performance of US dollar-denominated, investment grade debt securities, including US Treasury notes and bonds, quasi-government securities, corporate securities, residential and commercial mortgage-backed securities and asset-backed securities. Securities are cap-weighted based on their amount outstanding times the market price plus accrued interest. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The fund and the index are rebalanced monthly on the last calendar day.

ETFs related toPBND

ETFs correlated to PBND include BND, SCHZ, AGG

PBND
Invesco Capital Management LLC - Invesco PureBeta SM US Aggregate Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
BNDC
FlexShares Trust - FlexShares Core Select Bond Fund
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
EAGG
iShares Trust - iShares ESG Aware U.S. Aggregate Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
BBAG
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Aggregate 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 toPBND

#IDX

Equity Index Rotation

Category

Getting Started

Risk Rating

Moderate

#BND

Total Bond Market

Category

Benchmarks

Risk Rating

Conservative

Create your own algorithmic trading strategy with PBND using Composer

FAQ

PBND is a US Bonds ETF. The Invesco PureBeta, US Aggregate Bond ETF (the "fund") is based on the ICE BofAML US Broad Market Index, (the index). The fund will invest at least 80% of its total assets in securities that comprise the index. The index measures the performance of US dollar-denominated, investment grade debt securities, including US Treasury notes and bonds, quasi-government securities, corporate securities, residential and commercial mortgage-backed securities and asset-backed securities. Securities are cap-weighted based on their amount outstanding times the market price plus accrued interest. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The fund and the index are rebalanced monthly on the last calendar day.

PBND tracks the ICE BofA Merrill Lynch US Broad Market Index.

No, PBND 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, PBND 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 PBND is 0.0306%. This is the percent change in the value of PBND over the most recent 1-month period. The 3-month return on PBND is 0.0142%. This is the percent change in the value of PBND over the most recent 3-month period.

The standard deviation of PBND for the past year is 0.083%. 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 PBND include FLOT, MINT, and BSV.

ETFs correlated to PBND include BND, SCHZ, and AGG.

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

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.