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ETFs

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

PTH
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 12, 2006
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$299,562
AUM
$132,237,310
Associated Index
DWA Healthcare Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

LLY
Lilly(Eli) & Co
6.35%
IDXX
Idexx Laboratories, Inc.
4.77%
IMGN
Immunogen, Inc.
4.43%
AXSM
Axsome Therapeutics Inc
3.94%
VKTX
Viking Therapeutics Inc
3.55%
HCA
HCA Healthcare Inc
3.09%
EXAS
Exact Sciences Corp.
2.84%
REGN
Regeneron Pharmaceuticals, Inc.
2.83%
ENSG
Ensign Group Inc
2.76%
PEN
Penumbra Inc
2.66%
Invest with PTH

What is PTH?

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

ETFs correlated to PTH include XBI, LABU, IBB

PTH
Invesco Capital Management LLC - Invesco Dorsey Wright Healthcare Momentum ETF
XBI
SPDR Series Trust - SPDR Biotech ETF
LABU
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
XPH
SPDR Series Trust - SPDR Pharmaceuticals ETF
GNOM
Global X Funds - Global X Genomics & Biotechnology ETF
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX 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.

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FAQ

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

PTH tracks the DWA Healthcare Technical Leaders Index.

No, PTH 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, PTH 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 PTH is -0.0768%. This is the percent change in the value of PTH over the most recent 1-month period. The 3-month return on PTH is -0.1654%. This is the percent change in the value of PTH over the most recent 3-month period.

The standard deviation of PTH for the past year is 0.2362%. 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 PTH include XLI, XLY, and XLV.

ETFs correlated to PTH include XBI, LABU, and IBB.

ETFs that are inversely correlated to PTH include LABD, SRTY, 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.