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ETFs

Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Industrials Momentum ETF

PRN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 12 2006
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$565,074
AUM
$144,460,713
Associated Index
DWA Industrials Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ODFL
Old Dominion Freight Line, Inc.
4.94%
SAIA
Saia Inc.
4.38%
AME
Ametek Inc
4.02%
TT
Trane Technologies plc - Ordinary Shares - Class A
3.93%
BLDR
Builders Firstsource Inc
3.65%
PH
Parker-Hannifin Corp.
3.61%
PWR
Quanta Services, Inc.
3.35%
CTAS
Cintas Corporation
3.33%
GPK
Graphic Packaging Holding Co
3.32%
WCC
Wesco International, Inc.
3.24%
Invest with PRN

What is PRN?

The Invesco DWA Industrials Momentum ETF (Fund) is based on the Dorsey Wright Industrials Technical Leaders Index (DWA Industrials 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 toPRN

ETFs correlated to PRN include PAVE, FXR, FIDU

PRN
Invesco Capital Management LLC - Invesco Dorsey Wright Industrials Momentum ETF
PAVE
Global X Funds - Global X U.S. Infrastructure Development ETF
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
FIDU
Fidelity Covington Trust - Fidelity MSCI Industrials Index ETF
VIS
Vanguard Group, Inc. - Vanguard Industrials ETF
RSPN
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Industrials ETF
IYJ
BlackRock Institutional Trust Company N.A. - iShares U.S. Industrials ETF
AIRR
First Trust Exchange-Traded Fund III - First Trust RBA American Industrial Renaissance ETF
XLI
SSgA Active Trust - Industrial Select Sector SPDR
XMHQ
Invesco Capital Management LLC - Invesco S&P MidCap Quality ETF
MDYG
SPDR Series Trust - SPDR S&P 400 Mid Cap Growth 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 toPRN

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with PRN using Composer

FAQ

PRN is a US Equities ETF. The Invesco DWA Industrials Momentum ETF (Fund) is based on the Dorsey Wright Industrials Technical Leaders Index (DWA Industrials 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.

PRN tracks the DWA Industrials Technical Leaders Index.

No, PRN 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, PRN 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 PRN is -0.0213%. This is the percent change in the value of PRN over the most recent 1-month period. The 3-month return on PRN is -0.0028%. This is the percent change in the value of PRN over the most recent 3-month period.

The standard deviation of PRN for the past year is 0.2107%. 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 PRN include XLY, XLV, and XLE.

ETFs correlated to PRN include PAVE, FXR, and FIDU.

ETFs that are inversely correlated to PRN include RWM, TZA, 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.