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ETFs

Invesco Conservative Multi-Asset Allocation ETF

PSMC
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Feb 23 2017
Expense Ratio
0.37%
Type
Global Diversified
Fund Owner
Invesco
Volume (1m avg. daily)
$37,595
AUM
$9,849,720
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

BAB
Invesco Capital Management LLC - Invesco Taxable Municipal Bond ETF
15.41%
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
14.97%
PLW
Invesco Capital Management LLC - Invesco 1-30 Laddered Treasury ETF
14.49%
VRIG
Invesco Capital Management LLC - Invesco Variable Rate Investment Grade ETF
13.80%
PBTP
Invesco Capital Management LLC - Invesco PureBeta SM 0-5 Yr US TIPS ETF
7.14%
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
5.63%
IIGD
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco Investment Grade Defensive ETF
4.90%
AGPXX
Invesco Government & Agency Portfolio
4.60%
RPG
Invesco Capital Management LLC - Invesco S&P 500 Pure Growth ETF
4.55%
PCY
Invesco Capital Management LLC - Invesco Emerging Markets Sovereign Debt ETF
4.04%
Invest with PSMC

What is PSMC?

The Invesco Conservative Multi-Asset Allocation ETF (the "Fund") is an actively managed exchange-traded fund (ETF) that seeks total returns consistent with lower risk relative to the broad market by allocating through a conservative 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 80% in fixed income ETFs, 20% to 50% in equity ETFs and 5% to 10% 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 toPSMC

ETFs correlated to PSMC include AOK, AOM, SWAN

PSMC
Invesco Capital Management LLC - Invesco Conservative Multi-Asset Allocation ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
SWAN
Amplify ETF Trust - Amplify BlackSwan Growth & Treasury Core ETF
HNDL
Strategy Shares - Nasdaq 7HANDL Index ETF 1.23x Shares
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
RPAR
Tidal ETF Trust - RPAR Risk Parity ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
WFHY
WisdomTree Trust - WisdomTree U.S. High Yield Corporate Bond Fund

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 toPSMC

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

Create your own algorithmic trading strategy with PSMC using Composer

FAQ

PSMC is a Global Diversified ETF. The Invesco Conservative Multi-Asset Allocation ETF (the "Fund") is an actively managed exchange-traded fund (ETF) that seeks total returns consistent with lower risk relative to the broad market by allocating through a conservative 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 80% in fixed income ETFs, 20% to 50% in equity ETFs and 5% to 10% 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, PSMC 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, PSMC 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 PSMC is -0.0041%. This is the percent change in the value of PSMC over the most recent 1-month period. The 3-month return on PSMC is 0.0062%. This is the percent change in the value of PSMC over the most recent 3-month period.

The standard deviation of PSMC for the past year is 0.0927%. 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 PSMC include AMLP, PGX, and FPE.

ETFs correlated to PSMC include AOK, AOM, and SWAN.

ETFs that are inversely correlated to PSMC include SJB, SPDN, and SH.

Disclaimers

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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.