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ETFs

Invesco Russell 1000 Enhanced Equal Weight ETF

USEQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 13 2017
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$659
AUM
$2,489,170
Associated Index
Russell 1000 Enhanced Value Equal Weight Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AGPXX
Invesco Government & Agency Portfolio
0.23%
ALGM
Allegro Microsystems Inc.
0.23%
NVR
NVR Inc.
0.22%
COTY
Coty Inc - Ordinary Shares - Class A
0.22%
CRUS
Cirrus Logic, Inc.
0.21%
VNT
Vontier Corporation
0.20%
OLED
Universal Display Corp.
0.20%
BKNG
Booking Holdings Inc
0.20%
CMG
Chipotle Mexican Grill
0.20%
BLDR
Builders Firstsource Inc
0.20%
Invest with USEQ

What is USEQ?

The Invesco Russell 1000 Enhanced Equal Weight ETF (the "fund") is based on the Russell 1000 Enhanced Value Equal Weight Index (the "index"). The fund will invest at least 90% of its total assets in securities that comprise the index. The index is composed of securities in the Russell 1000 Index exhibiting upward price momentum and fair valuations. The methodology employs a three-step screening process from the initial 1000 securities: First, exclude securities with zero or negative earnings over past 12 months; second, screen for value stocks using an average of cash flow yield, earnings yield, and sales-to-price ratio and exclude the bottom decile; third, screen for securities with greater positive price momentum and exclude the bottom decile. The remaining stocks are then equally weighted. The fund and the index are rebalanced and reconstituted semi-annually.

ETFs related toUSEQ

ETFs correlated to USEQ include IWS, JPME, JHMM

USEQ
Invesco Capital Management LLC - Invesco Russell 1000 Enhanced Equal Weight ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
BKMC
BNY Mellon ETF Trust - BNY Mellon US Mid Cap Core Equity ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid 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 toUSEQ

#TSMO

Treasury and Stock Momentum

Category

Momentum, Be Risk Aware

Risk Rating

Aggressive

#ROROMO

Risk On or Risk Off Momentum

Category

Momentum, Tactical Asset Allocation, Be Risk Aware

Risk Rating

Moderate

Create your own algorithmic trading strategy with USEQ using Composer

FAQ

USEQ is a US Equities ETF. The Invesco Russell 1000 Enhanced Equal Weight ETF (the "fund") is based on the Russell 1000 Enhanced Value Equal Weight Index (the "index"). The fund will invest at least 90% of its total assets in securities that comprise the index. The index is composed of securities in the Russell 1000 Index exhibiting upward price momentum and fair valuations. The methodology employs a three-step screening process from the initial 1000 securities: First, exclude securities with zero or negative earnings over past 12 months; second, screen for value stocks using an average of cash flow yield, earnings yield, and sales-to-price ratio and exclude the bottom decile; third, screen for securities with greater positive price momentum and exclude the bottom decile. The remaining stocks are then equally weighted. The fund and the index are rebalanced and reconstituted semi-annually.

USEQ tracks the Russell 1000 Enhanced Value Equal Weight Index.

No, USEQ 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, USEQ 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 USEQ is -0.1023%. This is the percent change in the value of USEQ over the most recent 1-month period. The 3-month return on USEQ is -0.0556%. This is the percent change in the value of USEQ over the most recent 3-month period.

The standard deviation of USEQ for the past year is 0.2172%. 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 USEQ include SPLV, PRF, and SPHQ.

ETFs correlated to USEQ include IWS, JPME, and JHMM.

ETFs that are inversely correlated to USEQ include RWM, TWM, 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.