Invesco S&P MidCap 400 QVM Multi-factor ETF
Top 10 Holdings
What is QVMM?
The Invesco S&P MidCap 400 QVM Multi-factor ETF (Fund) is based on the S&P MIdCap 400 Quality, Value & Momentum Top 90% Multi-factor Index (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 track the performance of a subset of securities from the S&P MidCap 400 Index that exhibit factors of quality, value and momentum. The Fund and the Index are rebalanced quarterly in March, June, September and December.
ETFs related toQVMM
ETFs correlated to QVMM include MDY, SPMD, IVOO
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.
Pick the Trending Asset Class
Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum
Emerging Markets with a Bond Hedge
Momentum, Be Risk Aware, Diversification
Create your own algorithmic trading strategy with QVMM using Composer
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.