Skip to Content
ETFs

Invesco Exchange-Traded Fund Trust Invesco DWA 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)
$2,187,934
AUM
$1,005,068,599
Associated Index
Dorsey Wright Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
3.51%
CDNS
Cadence Design Systems, Inc.
2.90%
MA
Mastercard Incorporated - Ordinary Shares - Class A
2.77%
CPRT
Copart, Inc.
2.74%
ORLY
O`Reilly Automotive, Inc.
2.72%
ROL
Rollins, Inc.
2.51%
LSCC
Lattice Semiconductor Corp.
2.22%
ODFL
Old Dominion Freight Line, Inc.
2.18%
MTD
Mettler-Toledo International, Inc.
2.07%
WRB
W.R. Berkley Corp.
2.03%
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 AVUS, AVGE, FTC

PDP
Invesco Capital Management LLC - Invesco DWA Momentum ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
FTC
First Trust Exchange-Traded Fund III - First Trust Large Capital Growth AlphaDEX Fund
FCPI
Fidelity Covington Trust - Fidelity Stocks for Inflation ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
VFMO
Vanguard Group, Inc. - Vanguard U.S. Momentum Factor ETF
AVLV
American Century ETF Trust - Avantis U.S. Large Cap Value ETF
SECT
Northern Lights Fund Trust IV - Main Sector Rotation ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
SMLF
BlackRock Institutional Trust Company N.A. - iShares U.S. Small-Cap Equity Factor 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

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

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 -0.0234%. This is the percent change in the value of PDP over the most recent 1-month period. The 3-month return on PDP is 0.0135%. 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 0.2593%. 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, QUAL, and SUSA.

ETFs correlated to PDP include AVUS, AVGE, and FTC.

ETFs that are inversely correlated to PDP include RWM, SRTY, and TWM.

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.