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ETFs

Invesco S&P MidCap Value with Momentum ETF

XMVM
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Today’s Change
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Snapshot
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Inception Date
Mar 03 2005
Expense Ratio
0.39%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$954,606
AUM
$186,991,965
Associated Index
S&P 400 High Momentum Value Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

PBF
PBF Energy Inc - Ordinary Shares - Class A
3.74%
X
United States Steel Corp.
2.98%
ARW
Arrow Electronics Inc.
2.98%
AVT
Avnet Inc.
2.74%
BLDR
Builders Firstsource Inc
2.72%
AN
Autonation Inc.
2.28%
DINO
HF Sinclair Corporation
2.12%
BHF
Brighthouse Financial Inc
2.11%
NAVI
Navient Corp
2.04%
R
Ryder System, Inc.
1.94%
Invest with XMVM

What is XMVM?

The Invesco S&P MidCap Value with Momentum ETF (Fund) is based on the S&P 400 High Momentum Value Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index having the highest "value scores" and "momentum scores," calculated pursuant to the index methodology. Index constituents are weighted by their value scores; securities with higher value scores receive relatively greater weights.

ETFs related toXMVM

ETFs correlated to XMVM include DFAT, EZM, RWK

XMVM
Invesco Capital Management LLC - Invesco S&P MidCap Value with Momentum ETF
DFAT
Dimensional ETF Trust - Dimensional U.S. Targeted Value ETF
EZM
WisdomTree Trust - WisdomTree U.S. MidCap Fund
RWK
Invesco Exchange-Traded Fund Trust II - Invesco S&P MidCap 400 Revenue ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
DFSV
Dimensional ETF Trust - Dimensional US Small Cap Value ETF
VFVA
Vanguard Group, Inc. - Vanguard U.S. Value Factor ETF
SDVY
First Trust Exchange-Traded Fund VI - First Trust SMID Cap Rising Dividend Achievers ETF
IVOV
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Value ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 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 toXMVM

#BUTTERFLY

Golden Butterfly

Category

Getting Defensive

Risk Rating

Moderate

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with XMVM using Composer

FAQ

XMVM is a US Equities ETF. The Invesco S&P MidCap Value with Momentum ETF (Fund) is based on the S&P 400 High Momentum Value Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index having the highest "value scores" and "momentum scores," calculated pursuant to the index methodology. Index constituents are weighted by their value scores; securities with higher value scores receive relatively greater weights.

XMVM tracks the S&P 400 High Momentum Value Index.

No, XMVM 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, XMVM 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 XMVM is -0.1158%. This is the percent change in the value of XMVM over the most recent 1-month period. The 3-month return on XMVM is -0.0527%. This is the percent change in the value of XMVM over the most recent 3-month period.

The standard deviation of XMVM for the past year is 0.2691%. 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 XMVM include IWN, VUG, and SPYV.

ETFs correlated to XMVM include DFAT, EZM, and RWK.

ETFs that are inversely correlated to XMVM include TWM, SRTY, and TZA.

Disclaimers

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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.