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ETFs

Invesco Dynamic Building & Construction ETF

PKB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 26 2005
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$1,900,392
AUM
$206,291,984
Associated Index
Dynamic Building & Construction Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

PHM
PulteGroup Inc
5.11%
DHI
D.R. Horton Inc.
5.06%
LEN
Lennar Corp. - Ordinary Shares - Class A
5.04%
MLM
Martin Marietta Materials, Inc.
4.90%
VMC
Vulcan Materials Co
4.84%
TT
Trane Technologies plc - Ordinary Shares - Class A
4.84%
NVR
NVR Inc.
4.81%
TSCO
Tractor Supply Co.
4.62%
DFH
Dream Finders Homes Inc - Ordinary Shares - Class A
3.09%
TOL
Toll Brothers Inc.
2.95%
Invest with PKB

What is PKB?

The Invesco Dynamic Building & Construction ETF (Fund) is based on the Dynamic Building & Construction 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 thoroughly evaluates 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 building and construction companies. These are companies that are primarily engaged in providing construction and related engineering services for building and remodeling residential properties, commercial or industrial buildings, or working on large-scale infrastructure projects, such as highways, tunnels, bridges, dams, power lines, and airports. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

ETFs related toPKB

ETFs correlated to PKB include XHB, NAIL, ITB

PKB
Invesco Capital Management LLC - Invesco Dynamic Building & Construction ETF
XHB
SSgA Active Trust - SPDR Homebuilders ETF
NAIL
Direxion Shares ETF Trust - Direxion Daily Homebuilders & Supplies Bull 3X Shares
ITB
BlackRock Institutional Trust Company N.A. - iShares U.S. Home Construction ETF
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
FLQM
Franklin Templeton ETF Trust - Franklin U.S. Mid Cap Multifactor Index ETF
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
MDYG
SPDR Series Trust - SPDR S&P 400 Mid Cap Growth ETF
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell 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.

FAQ

PKB is a US Equities ETF. The Invesco Dynamic Building & Construction ETF (Fund) is based on the Dynamic Building & Construction 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 thoroughly evaluates 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 building and construction companies. These are companies that are primarily engaged in providing construction and related engineering services for building and remodeling residential properties, commercial or industrial buildings, or working on large-scale infrastructure projects, such as highways, tunnels, bridges, dams, power lines, and airports. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

PKB tracks the Dynamic Building & Construction Index.

No, PKB 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, PKB 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 PKB is 0.0393%. This is the percent change in the value of PKB over the most recent 1-month period. The 3-month return on PKB is 0.1125%. This is the percent change in the value of PKB over the most recent 3-month period.

The standard deviation of PKB for the past year is 0.275%. 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 PKB include XLV, XLK, and XLU.

ETFs correlated to PKB include XHB, NAIL, and ITB.

ETFs that are inversely correlated to PKB include SBB, SRTY, and TZA.

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.