Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV)
Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $57.26, up 0.09% on the session, giving a market capitalisation of $30.6M. Its beta of 0.51 implies it has historically moved less than the broad market.
The Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV) aims to track the performance of a specialized benchmark, the S&P 500 Low Volatility Rate Response Index. This Fund generally commits at least 90% of its total capital to the common stocks that make up this specific index. The underlying Index comprises 100 stocks selected from the broader S&P 500, specifically chosen for their attributes of both reduced price fluctuations and low susceptibility to changes in interest rates. Its design prioritizes identifying equities with inherent low volatility characteristics, while deliberately excluding those that have historically performed poorly during periods of rising interest rates. To maintain its targeted exposure, both the Fund and its constituent holdings within the Index undergo quarterly rebalancing and reconstitution. This process takes place after the close of trading on the third Friday of February, May, August, and November. Furthermore, the weighting methodology for the Index components is inversely proportional to their volatility; consequently, stocks exhibiting the lowest volatility receive the highest allocations.
Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF is most often compared with the following Financial Services names: