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ETFs

Invesco Exchange-Traded Fund Trust Invesco Nasdaq Internet ETF

PNQI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 12 2008
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$2,693,391
AUM
$510,396,654
Associated Index
NASDAQ Internet Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

GOOG
Alphabet Inc - Ordinary Shares - Class C
8.95%
META
Meta Platforms Inc - Ordinary Shares - Class A
8.88%
MSFT
Microsoft Corporation
8.47%
AMZN
Amazon.com Inc.
7.97%
DIS
Walt Disney Co (The)
7.00%
CRM
Salesforce Inc
4.36%
ADBE
Adobe Inc
4.33%
BKNG
Booking Holdings Inc
3.83%
NFLX
Netflix Inc.
3.78%
PYPL
PayPal Holdings Inc
3.75%
Invest with PNQI

What is PNQI?

The Invesco NASDAQ Internet ETF (Fund) is based on the NASDAQ Internet Index (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 track the performance of the largest and most liquid US-listed companies engaged in internet-related businesses and that are listed on one of the major US stock exchanges. The Underlying Index employs a modified market capitalization-weighted methodology based on the market capitalization ranking of the Underlying Index securities. The Fund and the Index are rebalanced and reconstituted quarterly.

ETFs related toPNQI

ETFs correlated to PNQI include FDN, WEBL, XNTK

PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
FGRO
Fidelity Covington Trust - Fidelity Growth Opportunities ETF
FCOM
Fidelity Covington Trust - Fidelity MSCI Communication Services Index ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
BULZ
Bank of Montreal - MicroSectorsTM Solactive FANG Innovation 3X Leveraged ETNs
VOX
Vanguard Group, Inc. - Vanguard Communication Services ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector 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 toPNQI

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with PNQI using Composer

FAQ

PNQI is a US Equities ETF. The Invesco NASDAQ Internet ETF (Fund) is based on the NASDAQ Internet Index (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 track the performance of the largest and most liquid US-listed companies engaged in internet-related businesses and that are listed on one of the major US stock exchanges. The Underlying Index employs a modified market capitalization-weighted methodology based on the market capitalization ranking of the Underlying Index securities. The Fund and the Index are rebalanced and reconstituted quarterly.

PNQI tracks the NASDAQ Internet Index.

No, PNQI 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, PNQI 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 PNQI is 0.0364%. This is the percent change in the value of PNQI over the most recent 1-month period. The 3-month return on PNQI is 0.192%. This is the percent change in the value of PNQI over the most recent 3-month period.

The standard deviation of PNQI for the past year is 0.3841%. 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 PNQI include XLI, XLE, and XLP.

ETFs correlated to PNQI include FDN, WEBL, and XNTK.

ETFs that are inversely correlated to PNQI include WEBS, BERZ, and FNGD.

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.