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ETFs

Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Momentum ETF

PDP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 01 2007
Expense Ratio
0.62%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$1,847,031
AUM
$1,073,829,754
Associated Index
Dorsey Wright Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MA
Mastercard Incorporated - Ordinary Shares - Class A
3.05%
ORLY
O`Reilly Automotive, Inc.
3.02%
AAPL
Apple Inc
2.92%
CPRT
Copart, Inc.
2.68%
CDNS
Cadence Design Systems, Inc.
2.59%
ODFL
Old Dominion Freight Line, Inc.
2.54%
ANSS
Ansys Inc. - Registered Shares
2.30%
TDG
Transdigm Group Incorporated
2.19%
APH
Amphenol Corp. - Ordinary Shares - Class A
2.10%
TRGP
Targa Resources Corp
1.94%
Invest with PDP

What is PDP?

The Invesco DWA Momentum ETF (Fund) is based on the Dorsey Wright Technical Leaders Index (DWA Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index includes approximately 100 US companies from the NASDAQ US Benchmark Index. The Index is constructed pursuant to Dorsey, Wright & Associates, LLCs proprietary methodology that is designed to identify companies that demonstrate powerful relative strength characteristics. Relative strength is the measurement of a security s performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

ETFs related toPDP

ETFs correlated to PDP include DFAC, AVUS, FNY

PDP
Invesco Capital Management LLC - Invesco Dorsey Wright Momentum ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
FNY
First Trust Exchange-Traded Fund III - First Trust Mid Cap Growth AlphaDEX Fund
TPLC
Timothy Plan - Timothy Plan US Large/Mid Cap Core ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
VO
Vanguard Group, Inc. - Vanguard Mid-Cap ETF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth 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 toPDP

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with PDP using Composer

FAQ

PDP is a US Equities ETF. The Invesco DWA Momentum ETF (Fund) is based on the Dorsey Wright Technical Leaders Index (DWA Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index includes approximately 100 US companies from the NASDAQ US Benchmark Index. The Index is constructed pursuant to Dorsey, Wright & Associates, LLCs proprietary methodology that is designed to identify companies that demonstrate powerful relative strength characteristics. Relative strength is the measurement of a security s performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

PDP tracks the Dorsey Wright Technical Leaders Index.

No, PDP 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, PDP 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 PDP is -0.0106%. This is the percent change in the value of PDP over the most recent 1-month period. The 3-month return on PDP is -0.0081%. This is the percent change in the value of PDP over the most recent 3-month period.

The standard deviation of PDP for the past year is 0.1952%. 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 PDP include SPHQ, DSI, and QUAL.

ETFs correlated to PDP include DFAC, AVUS, and FNY.

ETFs that are inversely correlated to PDP include SH, SDS, and SPXS.

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.