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ETFs

Invesco Dynamic Media ETF

PBS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 23 2005
Expense Ratio
0.63%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$73,363
AUM
$30,068,119
Associated Index
Dynamic Media Intellidex Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with PBS

What is PBS?

The Invesco Dynamic Media ETF (Fund) is based on the Dynamic Media Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US media companies. These are companies that are principally engaged in the development, production, sale and distribution of goods or services used in the media industry. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

ETFs related toPBS

ETFs correlated to PBS include FCOM, VOX, VXF

PBS
Invesco Capital Management LLC - Invesco Dynamic Media ETF
FCOM
Fidelity Covington Trust - Fidelity MSCI Communication Services Index ETF
VOX
Vanguard Group, Inc. - Vanguard Communication Services ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
IYC
BlackRock Institutional Trust Company N.A. - iShares U.S. Consumer Discretionary 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 toPBS

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Category

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Risk Rating

Aggressive

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Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

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Create your own algorithmic trading strategy with PBS using Composer

FAQ

PBS is a US Equities ETF. The Invesco Dynamic Media ETF (Fund) is based on the Dynamic Media Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US media companies. These are companies that are principally engaged in the development, production, sale and distribution of goods or services used in the media industry. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

PBS tracks the Dynamic Media Intellidex Index.

No, PBS 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, PBS 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 PBS is -0.051%. This is the percent change in the value of PBS over the most recent 1-month period. The 3-month return on PBS is 0.0189%. This is the percent change in the value of PBS over the most recent 3-month period.

The standard deviation of PBS for the past year is 0.261%. 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 PBS include XLK, XLI, and XLU.

ETFs correlated to PBS include FCOM, VOX, and VXF.

ETFs that are inversely correlated to PBS include HIBS, SRTY, and TZA.

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.