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ETFs

Invesco Exchange-Traded Fund Trust Invesco International Dividend Achievers ETF

PID
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 15 2005
Expense Ratio
0.56%
Type
Global Ex. US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$2,511,372
AUM
$1,042,021,892
Associated Index
NASDAQ International Dividend Achievers Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with PID

What is PID?

The Invesco International Dividend Achievers ETF (Fund) is based on the NASDAQ International Dividend Achievers Index (Index). The Fund will normally invest at least 90% of its total assets in dividend-paying common stocks and other securities that comprise the Index. The Index is designed to identify an international group of American Depository Receipts, Global Depositary Receipts and non-U.S. common or ordinary stocks that have qualified as International Dividend Achievers. These companies have increased their aggregate annual regular cash dividend payments consistently for at least each of the last five consecutive years. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually in March and rebalanced quarterly in March, June, September and December.

ETFs related toPID

ETFs correlated to PID include EWC, BBCA, NFRA

PID
Invesco Capital Management LLC - Invesco International Dividend Achievers ETF
EWC
BlackRock Institutional Trust Company N.A. - iShares MSCI Canada ETF
BBCA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders Canada ETF
NFRA
FlexShares Trust - FlexShares STOXX Global Broad Infrastructure Index Fund
RODM
Lattice Strategies Trust - Hartford Multifactor Developed Markets (ex-US) ETF
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
IGRO
BlackRock Institutional Trust Company N.A. - iShares International Dividend Growth ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity 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 toPID

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with PID using Composer

FAQ

PID is a Global Ex. US Equities ETF. The Invesco International Dividend Achievers ETF (Fund) is based on the NASDAQ International Dividend Achievers Index (Index). The Fund will normally invest at least 90% of its total assets in dividend-paying common stocks and other securities that comprise the Index. The Index is designed to identify an international group of American Depository Receipts, Global Depositary Receipts and non-U.S. common or ordinary stocks that have qualified as International Dividend Achievers. These companies have increased their aggregate annual regular cash dividend payments consistently for at least each of the last five consecutive years. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually in March and rebalanced quarterly in March, June, September and December.

PID tracks the NASDAQ International Dividend Achievers Index.

PID dividend information: Dividend - Regular Payors. Dividend payouts may vary in terms of frequency of payouts.

No, PID 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, PID 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 PID is 0.0097%. This is the percent change in the value of PID over the most recent 1-month period. The 3-month return on PID is -0.0142%. This is the percent change in the value of PID over the most recent 3-month period.

The standard deviation of PID for the past year is 0.1595%. 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 PID include DGS, DFIV, and DWM.

ETFs correlated to PID include EWC, BBCA, and NFRA.

ETFs that are inversely correlated to PID include EFZ, EPV, and SDOW.

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.