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ETFs

Invesco Dynamic Software ETF

PSJ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 23 2005
Expense Ratio
0.56%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$449,970
AUM
$187,211,283
Associated Index
Dynamic Software Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

RBLX
Roblox Corporation - Ordinary Shares - Class A
5.59%
ATVI
Activision Blizzard Inc
5.36%
FTNT
Fortinet Inc
5.30%
CDNS
Cadence Design Systems, Inc.
5.22%
SNPS
Synopsys, Inc.
5.19%
EA
Electronic Arts, Inc.
5.19%
TTD
Trade Desk Inc - Ordinary Shares - Class A
5.15%
PAYC
Paycom Software Inc
4.70%
NABL
N-able Inc
3.58%
IAS
Integral Ad Science Holding Corp
3.28%
Invest with PSJ

What is PSJ?

The Invesco Dynamic Software ETF (Fund) is based on the Dynamic Software 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 is designed to provide capital appreciation by thoroughly evaluating 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 software companies. These are companies that are principally engaged in the research, design, production or distribution of products or processes that relate to software applications and systems and information-based services. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

ETFs related toPSJ

ETFs correlated to PSJ include XSW, IGV, SKYY

PSJ
Invesco Capital Management LLC - Invesco Dynamic Software ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 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 toPSJ

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with PSJ using Composer

FAQ

PSJ is a US Equities ETF. The Invesco Dynamic Software ETF (Fund) is based on the Dynamic Software 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 is designed to provide capital appreciation by thoroughly evaluating 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 software companies. These are companies that are principally engaged in the research, design, production or distribution of products or processes that relate to software applications and systems and information-based services. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

PSJ tracks the Dynamic Software Index.

No, PSJ 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, PSJ 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 PSJ is 0.0587%. This is the percent change in the value of PSJ over the most recent 1-month period. The 3-month return on PSJ is 0.1125%. This is the percent change in the value of PSJ over the most recent 3-month period.

The standard deviation of PSJ for the past year is 0.2964%. 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 PSJ include XLF, XLK, and XLU.

ETFs correlated to PSJ include XSW, IGV, and SKYY.

ETFs that are inversely correlated to PSJ include WEBS, HIBS, and QID.

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.