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ETFs

Invesco Dynamic Networking ETF

PXQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 23 2005
Expense Ratio
0.63%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$112,472
AUM
$37,591,197
Associated Index
Dynamic Networking Intellidex Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ANET
Arista Networks Inc
6.03%
PANW
Palo Alto Networks Inc
5.66%
APH
Amphenol Corp. - Ordinary Shares - Class A
5.41%
CSCO
Cisco Systems, Inc.
5.34%
AAPL
Apple Inc
4.86%
CRWD
Crowdstrike Holdings Inc - Ordinary Shares - Class A
4.77%
MSI
Motorola Solutions Inc
4.56%
FTNT
Fortinet Inc
4.03%
EXTR
Extreme Networks Inc.
3.85%
FSLY
Fastly Inc - Ordinary Shares - Class A
3.62%
Invest with PXQ

What is PXQ?

The Invesco Dynamic Networking ETF (Fund) is based on the Dynamic Networking Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US networking companies. These are companies that are principally engaged in the development, manufacture, sale or distribution of products, services or technologies that support the flow of electronic information, including voice, data, images and commercial transactions. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

ETFs related toPXQ

ETFs correlated to PXQ include CIBR, IHAK, HACK

PXQ
Invesco Capital Management LLC - Invesco Dynamic Networking ETF
CIBR
First Trust Exchange-Traded Fund III - First Trust NASDAQ Cybersecurity ETF
IHAK
iShares Trust - iShares Cybersecurity and Tech ETF
HACK
ETF Managers Group LLC - ETFMG Prime Cyber Security ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
RSPT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
QGRO
American Century ETF Trust - American Century U.S. Quality Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth 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

PXQ is a US Equities ETF. The Invesco Dynamic Networking ETF (Fund) is based on the Dynamic Networking Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US networking companies. These are companies that are principally engaged in the development, manufacture, sale or distribution of products, services or technologies that support the flow of electronic information, including voice, data, images and commercial transactions. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

PXQ tracks the Dynamic Networking Intellidex Index.

No, PXQ 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, PXQ 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 PXQ is -0.0277%. This is the percent change in the value of PXQ over the most recent 1-month period. The 3-month return on PXQ is 0.0467%. This is the percent change in the value of PXQ over the most recent 3-month period.

The standard deviation of PXQ for the past year is 0.2334%. 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 PXQ include XLK, XLI, and XLU.

ETFs correlated to PXQ include CIBR, IHAK, and HACK.

ETFs that are inversely correlated to PXQ include HIBS, TECS, 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.