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ETFs

Invesco S&P SmallCap 600 Pure Growth ETF

RZG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 01 2006
Expense Ratio
0.35%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$87,779
AUM
$86,767,333
Associated Index
S&P SmallCap 600 Pure Growth Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with RZG

What is RZG?

The Invesco S&P SmallCap 600 Pure Growth ETF (Fund) is based on the S&P SmallCap 600 Pure Growth Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index measures the performance of securities that exhibit strong growth characteristics in the S&P SmallCap 600 Index. Growth is measured by the following risk factors: sales growth, earnings change to price and momentum. The Fund and the Index are rebalanced annually.

ETFs related toRZG

ETFs correlated to RZG include VIOG, IJT, SLYG

RZG
Invesco Capital Management LLC - Invesco S&P SmallCap 600 Pure Growth ETF
VIOG
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Growth ETF
IJT
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Growth ETF
SLYG
SPDR Series Trust - SPDR S&P 600 Small Cap Growth ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 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.

Automated Strategies
Related toRZG

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with RZG using Composer

FAQ

RZG is a US Equities ETF. The Invesco S&P SmallCap 600 Pure Growth ETF (Fund) is based on the S&P SmallCap 600 Pure Growth Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index measures the performance of securities that exhibit strong growth characteristics in the S&P SmallCap 600 Index. Growth is measured by the following risk factors: sales growth, earnings change to price and momentum. The Fund and the Index are rebalanced annually.

RZG tracks the S&P SmallCap 600 Pure Growth Index.

No, RZG 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, RZG 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 RZG is -0.0329%. This is the percent change in the value of RZG over the most recent 1-month period. The 3-month return on RZG is -0.01%. This is the percent change in the value of RZG over the most recent 3-month period.

The standard deviation of RZG for the past year is 0.2222%. 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 RZG include IWO, VTV, and VUG.

ETFs correlated to RZG include VIOG, IJT, and SLYG.

ETFs that are inversely correlated to RZG include TWM, 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.