Invesco Dynamic Correlations

PEJ Etf

USD 53.30 0.79 1.50%

The current 90-days correlation between Invesco Dynamic Leisure and Invesco Dynamic Food is 0.7 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Invesco Dynamic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Invesco Dynamic Leisure moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Invesco Dynamic Correlation With Market

Very poor diversification

The correlation between Invesco Dynamic Leisure and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Dynamic Leisure and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Invesco Dynamic Leisure. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Invesco Etf

0.95	XLY	Consumer Discretionary	Pair Corr
0.95	VCR	Vanguard Consumer	Pair Corr
0.95	FDIS	Fidelity MSCI Consumer	Pair Corr
0.97	IYC	iShares Consumer Dis	Pair Corr
0.93	FXD	First Trust Consumer	Pair Corr
0.88	RCD	Invesco SP 500	Pair Corr
0.74	XRT	SPDR SP Retail	Pair Corr
0.62	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.96	VTI	Vanguard Total Stock	Pair Corr
0.98	VBK	Vanguard Small Cap	Pair Corr
0.95	SPY	SPDR SP 500	Pair Corr
0.89	PPA	Invesco Aerospace Defense	Pair Corr
0.95	CSCO	Cisco Systems	Pair Corr
0.79	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.83	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.92	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.89	WMT	Walmart Aggressive Push	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.73	T	ATT Inc Aggressive Push	Pair Corr
0.61	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against Invesco Etf

0.65	AIVI	WisdomTree International	Pair Corr
0.53	WTRE	WisdomTree New Economy	Pair Corr
0.47	VPL	Vanguard FTSE Pacific	Pair Corr
0.89	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.85	KO	Coca Cola Aggressive Push	Pair Corr
0.8	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.74	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.72	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	AWAY	PBJ	PBS	PSJ	PKB
AWAY		0.31	0.71	0.92	0.93	AWAY
PBJ	0.31		-0.04	0.12	0.47	PBJ
PBS	0.71	-0.04		0.87	0.74	PBS
PSJ	0.92	0.12	0.87		0.9	PSJ
PKB	0.93	0.47	0.74	0.9		PKB
	AWAY	PBJ	PBS	PSJ	PKB

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PKB	+ 0.93	AWAY
PSJ	+ 0.92	AWAY
PKB	+ 0.9	PSJ
PSJ	+ 0.87	PBS
PKB	+ 0.74	PBS
PBS	+ 0.71	AWAY

High negative correlations

PBS

- 0.04

PBJ

Invesco Dynamic Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco Dynamic ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Invesco Dynamic's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AWAY	1.01	0.13	0.09	0.22	1.06	(1.07)	2.55	(1.92)	5.64
PBJ	0.58	(0.02)	(0.08)	0.06	0.58	(0.66)	1.14	(1.03)	3.51
PBS	1.08	(0.01)	(0.04)	0.06	1.41	(1.05)	2.00	(1.79)	6.30
PSJ	0.84	0.08	0.04	0.25	0.87	(0.92)	1.97	(1.46)	4.69
PKB	1.04	0.13	0.12	0.19	1.15	(1.15)	2.90	(1.65)	7.65

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