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ETFs

Invesco Exchange-Traded Fund Trust Invesco DWA Financial Momentum ETF

PFI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 12 2006
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$103,187
AUM
$27,680,555
Associated Index
DWA Financials Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AJG
Arthur J. Gallagher & Co.
4.14%
CUBE
CubeSmart
3.79%
PGR
Progressive Corp.
3.75%
AMP
Ameriprise Financial Inc
3.73%
MA
Mastercard Incorporated - Ordinary Shares - Class A
3.73%
MMC
Marsh & McLennan Cos., Inc.
3.34%
V
Visa Inc - Ordinary Shares - Class A
3.32%
GL
Globe Life Inc
3.26%
AON
Aon plc. - Ordinary Shares - Class A
3.16%
COOP
Mr. Cooper Group Inc
2.80%
Invest with PFI

What is PFI?

The Invesco DWA Financial Momentum ETF (Fund) is based on the Dorsey Wright Financials Technical Leaders Index (DWA Financials Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 common stocks from the NASDAQ US Benchmark Index. Relative strength is the measurement of a securitys 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 toPFI

ETFs correlated to PFI include RYF, VFH, FNCL

PFI
Invesco Capital Management LLC - Invesco DWA Financial Momentum ETF
RYF
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Financials ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
UYG
ProShares Trust - ProShares Ultra Financials 2x Shares
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF
FAS
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3x Shares
XLF
SSgA Active Trust - Financial Select Sector SPDR
DON
WisdomTree Trust - WisdomTree U.S. MidCap Dividend Fund
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value 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 toPFI

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Category

Community

Risk Rating

Aggressive

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Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with PFI using Composer

FAQ

PFI is a US Equities ETF. The Invesco DWA Financial Momentum ETF (Fund) is based on the Dorsey Wright Financials Technical Leaders Index (DWA Financials Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 common stocks from the NASDAQ US Benchmark Index. Relative strength is the measurement of a securitys 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.

PFI tracks the DWA Financials Technical Leaders Index.

No, PFI 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, PFI 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 PFI is 0.0258%. This is the percent change in the value of PFI over the most recent 1-month period. The 3-month return on PFI is -0.0625%. This is the percent change in the value of PFI over the most recent 3-month period.

The standard deviation of PFI for the past year is 0.2152%. 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 PFI include XLY, XLK, and XLV.

ETFs correlated to PFI include RYF, VFH, and FNCL.

ETFs that are inversely correlated to PFI include SEF, SKF, and FAZ.

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.