Invesco PureBeta MSCI USA Small Cap ETF
Top 10 Holdings
What is PBSM?
The Invesco PureBeta, MSCI USA Small Cap ETF (the "fund") is based on the MSCI USA Small Cap Index (the "index"). The fund will invest at least 90% of its total assets in securities that comprise the index. The index measures the performance of the small-capitalization segment of the US equity market and weights securities by their free float-adjusted market capitalization. The fund and the index are rebalanced and reconstituted quarterly on the last business day of February, May, August and November.
ETFs related toPBSM
ETFs correlated to PBSM include ESML, SCHA, VB
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 PBSM 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.