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ETFs

USLB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 05 2015
Expense Ratio
0.35%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$316,650
AUM
—
Associated Index
Russell 1000 Low Beta Equal Weight Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AGPXX
Short-Term Investment Trust - AIM Short Term Investments Trust Govt & Agency Portfolio Inst Class
100.00%
n/a
Cash/Receivables/Payables
0.00%
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 JPME, IWS, RSP

USLB
Invesco Capital Management LLC - Invesco Russell 1000 Low Beta Equal Weight ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
VLU
SPDR Series Trust - SPDR S&P 1500 Value Tilt ETF
ONEO
SPDR Series Trust - SPDR Russell 1000 Momentum Focus ETF
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
CFA
Victory Portfolios II - VictoryShares US 500 Volatility Wtd ETF
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor 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

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Risk Rating

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SPY minimum drawdown

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Risk Rating

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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 -0.0752%. This is the percent change in the value of USLB over the most recent 1-month period. The 3-month return on USLB is -0.0383%. 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 0.2027%. 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 QQQ, IVV, and MDY.

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

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

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.