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ETFs

Invesco Raymond James SB-1 Equity ETF

RYJ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 19 2006
Expense Ratio
0.81%
Type
Global Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$106,541
AUM
$114,049,260
Associated Index
Raymond James SB-1 Equity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SKWD
Skyward Specialty Insurance Group Inc
0.75%
MBLY
Mobileye Global Inc - Ordinary Shares - Class A
0.70%
PAA
Plains All American Pipeline LP - Unit
0.67%
EG
Everest Group Ltd
0.67%
VLO
Valero Energy Corp.
0.67%
MIRM
Mirum Pharmaceuticals Inc
0.67%
PAGP
Plains GP Holdings LP - Ordinary Shares - Class A
0.67%
RGA
Reinsurance Group Of America, Inc.
0.66%
ALL
Allstate Corp (The)
0.66%
VVX
V2X Inc
0.66%
Invest with RYJ

What is RYJ?

The Invesco Raymond James SB-1 Equity ETF (Fund) is based on the Raymond James SB-1 Equity Index (Index). The Fund will invest at least 80% of its total assets in securities and depositary receipts that comprise the Index. The Index is composed of all equity securities rated Strong Buy 1 by Raymond James & Associates, Inc. The Fund and the Index are rebalanced semi-monthly.

ETFs related toRYJ

ETFs correlated to RYJ include SMMD, VB, BBMC

RYJ
Invesco Capital Management LLC - Invesco Raymond James SB-1 Equity ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares

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

RYJ is a Global Equities ETF. The Invesco Raymond James SB-1 Equity ETF (Fund) is based on the Raymond James SB-1 Equity Index (Index). The Fund will invest at least 80% of its total assets in securities and depositary receipts that comprise the Index. The Index is composed of all equity securities rated Strong Buy 1 by Raymond James & Associates, Inc. The Fund and the Index are rebalanced semi-monthly.

RYJ tracks the Raymond James SB-1 Equity Index.

No, RYJ 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, RYJ 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 RYJ is -0.0219%. This is the percent change in the value of RYJ over the most recent 1-month period. The 3-month return on RYJ is -0.0035%. This is the percent change in the value of RYJ over the most recent 3-month period.

The standard deviation of RYJ for the past year is 0.2075%. 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 RYJ include QQH, RODM, and MOTI.

ETFs correlated to RYJ include SMMD, VB, and BBMC.

ETFs that are inversely correlated to RYJ include RWM, TZA, 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.