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ETFs

Invesco Dynamic Market ETF

PWC
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Today’s Change
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Snapshot
*

Inception Date
May 01 2003
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$80,111
AUM
$118,336,191
Associated Index
Dynamic Market Intellidex
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with PWC

What is PWC?

The Invesco Dynamic Market ETF (Fund) is based on the Dynamic Market Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Underlying Intellidex selection methodology seeks to identify and select companies from the US marketplace with superior risk-return profiles. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

ETFs related toPWC

ETFs correlated to PWC include FEX, JHMM, AVUS

PWC
Invesco Capital Management LLC - Invesco Dynamic Market ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
FLQM
Franklin Templeton ETF Trust - Franklin U.S. Mid Cap Multifactor Index ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
FNY
First Trust Exchange-Traded Fund III - First Trust Mid Cap Growth AlphaDEX Fund
PDP
Invesco Capital Management LLC - Invesco DWA Momentum ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity 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

PWC is a US Equities ETF. The Invesco Dynamic Market ETF (Fund) is based on the Dynamic Market Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Underlying Intellidex selection methodology seeks to identify and select companies from the US marketplace with superior risk-return profiles. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

PWC tracks the Dynamic Market Intellidex.

No, PWC 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, PWC 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 PWC is -0.0322%. This is the percent change in the value of PWC over the most recent 1-month period. The 3-month return on PWC is 0.0467%. This is the percent change in the value of PWC over the most recent 3-month period.

The standard deviation of PWC for the past year is 0.1725%. 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 PWC include JEPI, VXX, and QYLD.

ETFs correlated to PWC include FEX, JHMM, and AVUS.

ETFs that are inversely correlated to PWC include TWM, RWM, and SRTY.

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.