Invesco S&P 500 Minimum Variance ETF (SPMV)
Invesco S&P 500 Minimum Variance ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $50.75, up 0.50% on the session, giving a market capitalisation of $3.6M. Its beta of 0.73 implies it has historically moved less than the broad market.
The Invesco S&P 500 Minimum Variance ETF, referred to as the Fund, aligns its investment strategy with the S&P 500 Minimum Volatility Index, its benchmark. A significant majority, specifically a minimum of 90% of its complete asset base, is allocated to the very same securities that form this Index. The methodology behind the Index focuses on curtailing volatility, aiming to deliver a reduced overall risk compared to the standard S&P 500 Index, without sacrificing its core attributes. Volatility, in financial terms, quantifies the extent of an asset's price swings, both positive and negative, throughout a given period. Adjustments and updates to both the Fund and its guiding Index are carried out biannually.
Invesco S&P 500 Minimum Variance ETF is most often compared with the following Financial Services names: