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Invesco Balanced Multi-Asset Allocation ETF

PSMB
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Feb 23 2017
Expense Ratio
0.32%
Type
Global Diversified
Fund Owner
Invesco
Volume (1m avg. daily)
$354,724
AUM
$33,178,215
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

RPG
Invesco Capital Management LLC - Invesco S&P 500 Pure Growth ETF
12.76%
IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US ETF
12.56%
PLW
Invesco Capital Management LLC - Invesco 1-30 Laddered Treasury ETF
11.99%
AGPXX
Invesco Government & Agency Portfolio
10.41%
OMFL
Invesco Capital Management LLC - Invesco Russell 1000 Dynamic Multifactor ETF
8.36%
VRIG
Invesco Capital Management LLC - Invesco Variable Rate Investment Grade ETF
6.55%
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
5.60%
BAB
Invesco Capital Management LLC - Invesco Taxable Municipal Bond ETF
4.82%
SPLV
Invesco Capital Management LLC - Invesco S&P 500 Low Volatility ETF
4.42%
IDLV
Invesco Capital Management LLC - Invesco S&P International Developed Low Volatility ETF
4.33%
Invest with PSMB

What is PSMB?

The Invesco Balanced Multi-Asset Allocation ETF (the "Fund") is an actively managed exchange-traded fund (ETF) that seeks to provide current income and capital appreciation by allocating through a balanced investment style that seeks to maximize diversification potential. The Fund is a "fund of funds," meaning that it invests its assets in the shares of other exchange-traded funds, rather than in securities of individual companies. The Funds target allocation of total assets: 50% to 70% in equity ETFs, 30% to 50% in fixed income ETFs and 10% to 25% in underlying ETFs that invest in foreign stocks and bonds as well as American depositary receipts (ADRs) and global depositary receipts (GDRs). Invesco Advisers Inc., the sub-adviser to the Fund (Sub-Adviser), selects investments based on quantitative and qualitative criteria to strategically allocate across broad asset classes and factors within those classes.

ETFs related toPSMB

ETFs correlated to PSMB include AOA, URTH, VT

PSMB
Invesco Capital Management LLC - Invesco Balanced Multi-Asset Allocation ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
AOR
BlackRock Institutional Trust Company N.A. - iShares Core Growth Allocation ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
GSEW
Goldman Sachs ETF Trust - Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
EUSA
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Equal Weighted ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large 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

PSMB is a Global Diversified ETF. The Invesco Balanced Multi-Asset Allocation ETF (the "Fund") is an actively managed exchange-traded fund (ETF) that seeks to provide current income and capital appreciation by allocating through a balanced investment style that seeks to maximize diversification potential. The Fund is a "fund of funds," meaning that it invests its assets in the shares of other exchange-traded funds, rather than in securities of individual companies. The Funds target allocation of total assets: 50% to 70% in equity ETFs, 30% to 50% in fixed income ETFs and 10% to 25% in underlying ETFs that invest in foreign stocks and bonds as well as American depositary receipts (ADRs) and global depositary receipts (GDRs). Invesco Advisers Inc., the sub-adviser to the Fund (Sub-Adviser), selects investments based on quantitative and qualitative criteria to strategically allocate across broad asset classes and factors within those classes.

Yes, PSMB is actively 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.

No, PSMB is not passively managed. It is actively 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 PSMB is -0.0099%. This is the percent change in the value of PSMB over the most recent 1-month period. The 3-month return on PSMB is 0.0098%. This is the percent change in the value of PSMB over the most recent 3-month period.

The standard deviation of PSMB for the past year is 0.1415%. 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 PSMB include PGX, AMJ, and FPE.

ETFs correlated to PSMB include AOA, URTH, and VT.

ETFs that are inversely correlated to PSMB include SPXU, SPDN, and SPXS.

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.