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ETFs

Invesco Exchange-Traded Fund Trust II Invesco Russell 1000 Low Beta Equal Weight ETF

USLB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 05 2015
Expense Ratio
0.35%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$22,150
AUM
$8,236,737
Associated Index
Russell 1000 Low Beta Equal Weight Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

META
Meta Platforms Inc - Ordinary Shares - Class A
0.37%
FOUR
Shift4 Payments Inc - Ordinary Shares - Class A
0.32%
CTLT
Catalent Inc.
0.30%
CRUS
Cirrus Logic, Inc.
0.30%
COTY
Coty Inc - Ordinary Shares - Class A
0.30%
IPGP
IPG Photonics Corp
0.28%
NVR
NVR Inc.
0.27%
PHM
PulteGroup Inc
0.26%
FIVE
Five Below Inc
0.26%
DKS
Dicks Sporting Goods, Inc.
0.26%
Invest with USLB

What is USLB?

Invesco Russell 1000 Low Beta Equal Weight ETF (Fund) is based on the Russell 1000 Low Beta Equal Weight Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index tracks the performance of stocks in the Russell 1000 Index exhibiting low beta characteristics. The Fund and Index are reconstituted and rebalanced semiannually in March and September.

ETFs related toUSLB

ETFs correlated to USLB include IWS, AVGE, JPME

USLB
Invesco Capital Management LLC - Invesco Russell 1000 Low Beta Equal Weight ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
RDVI
First Trust Exchange-Traded Fund IV - FT Cboe Vest Rising Dividend Achievers Target Income ETF
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity 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 toUSLB

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with USLB using Composer

FAQ

USLB is a US Equities ETF. Invesco Russell 1000 Low Beta Equal Weight ETF (Fund) is based on the Russell 1000 Low Beta Equal Weight Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index tracks the performance of stocks in the Russell 1000 Index exhibiting low beta characteristics. The Fund and Index are reconstituted and rebalanced semiannually in March and September.

USLB tracks the Russell 1000 Low Beta Equal Weight Index.

No, USLB 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, USLB 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 USLB is -0.1092%. This is the percent change in the value of USLB over the most recent 1-month period. The 3-month return on USLB is -0.0703%. This is the percent change in the value of USLB over the most recent 3-month period.

The standard deviation of USLB for the past year is 0.2068%. 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 USLB include SPY, IWM, and MDY.

ETFs correlated to USLB include IWS, AVGE, and JPME.

ETFs that are inversely correlated to USLB include SKF, SEF, and RWM.

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.