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Invesco S&P 500 Equal Weight Financials ETF

RYF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 01 2006
Expense Ratio
0.40%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$3,775,323
AUM
$316,452,300
Associated Index
S&P 500 Equal Weight Financials Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

MKTX
MarketAxess Holdings Inc.
1.62%
CBOE
Cboe Global Markets Inc.
1.58%
MSCI
MSCI Inc
1.54%
TROW
T. Rowe Price Group Inc.
1.52%
CME
CME Group Inc - Ordinary Shares - Class A
1.52%
AON
Aon plc. - Ordinary Shares - Class A
1.52%
V
Visa Inc - Ordinary Shares - Class A
1.52%
BLK
Blackrock Inc.
1.51%
MA
Mastercard Incorporated - Ordinary Shares - Class A
1.50%
FLT
Fleetcor Technologies Inc
1.50%
Invest with RYF

What is RYF?

The Invesco S&P 500 Equal Weight Financials ETF (Fund) is based on the S&P 500 Equal Weight Financials Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index equally weights stocks in the financials sector of the S&P 500 Index. The Fund and the Index are rebalanced quarterly.

ETFs related toRYF

ETFs correlated to RYF include FNCL, VFH, IYF

RYF
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF
FAS
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3x Shares
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
XLF
SSgA Active Trust - Financial Select Sector SPDR
UYG
ProShares Trust - ProShares Ultra Financials 2x Shares
IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
KBWB
Invesco Capital Management LLC - Invesco KBW Bank ETF
IXG
BlackRock Institutional Trust Company N.A. - iShares Global Financials 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.

Automated Strategies
Related toRYF

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Category

Community

Risk Rating

Aggressive

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Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with RYF using Composer

FAQ

RYF is a US Equities ETF. The Invesco S&P 500 Equal Weight Financials ETF (Fund) is based on the S&P 500 Equal Weight Financials Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index equally weights stocks in the financials sector of the S&P 500 Index. The Fund and the Index are rebalanced quarterly.

RYF tracks the S&P 500 Equal Weight Financials Index.

No, RYF 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, RYF 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 RYF is -0.1793%. This is the percent change in the value of RYF over the most recent 1-month period. The 3-month return on RYF is -0.1321%. This is the percent change in the value of RYF over the most recent 3-month period.

The standard deviation of RYF for the past year is 0.2564%. 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 RYF include XLI, XLY, and XLE.

ETFs correlated to RYF include FNCL, VFH, and IYF.

ETFs that are inversely correlated to RYF include FAZ, SKF, and SEF.

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.