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ETFs

Invesco Dynamic Leisure and Entertainment ETF

PEJ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 23 2005
Expense Ratio
0.55%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$2,730,683
AUM
$453,186,804
Associated Index
Dynamic Leisure & Entertainment Intellidex Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

BKNG
Booking Holdings Inc
5.42%
YUMC
Yum China Holdings Inc
5.29%
WMG
Warner Music Group Corp - Ordinary Shares - Class A
5.25%
SYY
Sysco Corp.
5.13%
YUM
Yum Brands Inc.
5.08%
LVS
Las Vegas Sands Corp
5.00%
FOXA
Fox Corporation - Ordinary Shares - Class A
4.68%
LYV
Live Nation Entertainment Inc
4.67%
CNK
Cinemark Holdings Inc
3.17%
FWONK
Liberty Media Corp. - Ordinary Shares (Tracking Stock -Liberty Formula 1) Series C
3.02%
Invest with PEJ

What is PEJ?

The Invesco Dynamic Leisure and Entertainment ETF (Fund) is based on the Dynamic Leisure & Entertainment 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 leisure and entertainment companies. These are companies that are principally engaged in the design, production or distribution of goods or services in the leisure and entertainment industries. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

ETFs related toPEJ

ETFs correlated to PEJ include FXD, VXF, BBMC

PEJ
Invesco Capital Management LLC - Invesco Dynamic Leisure and Entertainment ETF
FXD
First Trust Exchange-Traded Fund III - First Trust Consumer Discretionary AlphaDEX Fund
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
RCD
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Discretionary ETF
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
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap 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 toPEJ

#SIN

Safety in Sin Stocks

Category

Grow Your Portfolio

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PEJ using Composer

FAQ

PEJ is a US Equities ETF. The Invesco Dynamic Leisure and Entertainment ETF (Fund) is based on the Dynamic Leisure & Entertainment 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 leisure and entertainment companies. These are companies that are principally engaged in the design, production or distribution of goods or services in the leisure and entertainment industries. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

PEJ tracks the Dynamic Leisure & Entertainment Intellidex Index.

No, PEJ 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, PEJ 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 PEJ is -0.0092%. This is the percent change in the value of PEJ over the most recent 1-month period. The 3-month return on PEJ is 0.1186%. This is the percent change in the value of PEJ over the most recent 3-month period.

The standard deviation of PEJ for the past year is 0.2734%. 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 PEJ include XLF, XLK, and XLU.

ETFs correlated to PEJ include FXD, VXF, and BBMC.

ETFs that are inversely correlated to PEJ include HIBS, 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.