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ETFs

Invesco Exchange-Traded Fund Trust Invesco DWA Consumer Staples Momentum ETF

PSL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 12 2006
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$238,118
AUM
$115,870,754
Associated Index
DWA Consumer Staples Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

COST
Costco Wholesale Corp
3.58%
ELF
e.l.f. Beauty Inc
3.57%
SCI
Service Corp. International
3.42%
LW
Lamb Weston Holdings Inc
3.39%
KR
Kroger Co.
3.30%
KDP
Keurig Dr Pepper Inc
3.27%
HSY
Hershey Company
3.24%
PG
Procter & Gamble Co.
3.17%
PEP
PepsiCo Inc
3.09%
SYY
Sysco Corp.
3.06%
Invest with PSL

What is PSL?

The Invesco DWA Consumer Staples Momentum ETF (Fund) is based on the Dorsey Wright Consumer Staples Technical Leaders Index (DWA Consumer Staples 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 toPSL

ETFs correlated to PSL include PBJ, FXG, FSTA

PSL
Invesco Capital Management LLC - Invesco DWA Consumer Staples Momentum ETF
PBJ
Invesco Capital Management LLC - Invesco Dynamic Food & Beverage ETF
FXG
First Trust Exchange-Traded Fund III - First Trust Consumer Staples AlphaDEX Fund
FSTA
Fidelity Covington Trust - Fidelity MSCI Consumer Staples Index ETF
VDC
Vanguard Group, Inc. - Vanguard Consumer Staples ETF
SMMV
iShares Trust - iShares MSCI USA Small-Cap Min Vol Factor ETF
PSCC
Invesco Capital Management LLC - Invesco S&P SmallCap Consumer Staples ETF
USMF
WisdomTree Trust - WisdomTree U.S. Multifactor Fund
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF
CFA
Victory Portfolios II - VictoryShares US 500 Volatility Wtd ETF
USMV
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Min Vol Factor 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 toPSL

#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 PSL using Composer

FAQ

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

PSL tracks the DWA Consumer Staples Technical Leaders Index.

No, PSL 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, PSL 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 PSL is -0.0104%. This is the percent change in the value of PSL over the most recent 1-month period. The 3-month return on PSL is -0.0004%. This is the percent change in the value of PSL over the most recent 3-month period.

The standard deviation of PSL for the past year is 0.1899%. 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 PSL include XLI, XLE, and XLP.

ETFs correlated to PSL include PBJ, FXG, and FSTA.

ETFs that are inversely correlated to PSL include DOG, SDOW, and DXD.

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.