Invesco Dow Jones Industrial Average Dividend ETF
ALTAR
Score™
7.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
14.7x P/Sales
ratio
1.6x
P/BV
ratio
2.6x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco Dow Jones Industrial Average Dividend ETF follows an index comprising dividend-paying securities of the companies listed on the Dow Jones Industrial Average, weighted by yield.

FUND BASICS
Category US Equities
Fund Sponsor Guggenheim
Website guggenheiminvestments.com
Inception date Dec 16, 2015
Assets (mns) $84
Currency USD
Expense ratio 7 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Dividend
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 31
Wgt avg mkt cap (mns) $259,497
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DOW, INC. 7.7 %
INTL BUSINESS MACHINES CORP 5.8 %
EXXON MOBIL CORP 4.8 %
VERIZON COMMUNICATIONS INC 4.7 %
PFIZER INC 4.6 %
JPMORGAN CHASE & CO 4.3 %
CHEVRON CORP 4.2 %
CATERPILLAR INC 4.2 %
JOHNSON & JOHNSON 4.0 %
WALGREENS BOOTS ALLIANCE INC 3.8 %
Total 48.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.9 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.7% 11.8% -- -- 12.8%

Market Correlations
versus... Beta R-squared
S&P500 0.84 84%
MSCI EAFE 0.82 66%
MSCI Emg. Mkts. 0.57 55%

Technical Indicators
Recent close $37.42
30d moving avg. $39.09
Annualized volatility 11.1%
Short interest (ETF) 0.3%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 23
Turnover 1.0%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $38,173

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco Dow Jones Industrial Average Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with DJD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DJD Expense: 7 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DJD
Ticker Fund
Name
Overlap1
vs DJD
(%)
Expense
ratio
(bp)
Savings
vs DJD
(bp)
ALTAR
Score™
(%)
ALTAR
vs DJD
(%)
EDOW First Trust Dow 30 Equal Weight ETF 81.9 50 -43 6.4 -1.2
DIA SPDR Dow Jones Industrial Average ETF Trust 65.4 16 -9 6.2 -1.4
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 49.2 49 -42 5.2 -2.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 46.0 12 -5 5.4 -2.2
OUSA O'Shares FTSE US Quality Dividend ETF 42.5 48 -41 6.1 -1.5
JKF iShares Morningstar Large Cap Value ETF 38.7 25 -18 7.9 +0.2
DGRO iShares Core Dividend Growth ETF 38.5 8 -1 6.6 -1.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 37.2 29 -22 6.9 -0.7
XLG Invesco S&P 500 Top 50 ETF 36.6 20 -13 5.2 -2.5
MGV Vanguard Mega Cap Value ETF 36.4 7 0 7.2 -0.4
OYLD Invesco Russell 1000 Yield Factor ETF 36.3 19 -12 7.4 -0.2
OVOL Invesco Russell 1000 Low Volatility Factor ETF 35.4 19 -12 6.6 -1.0
IWX iShares Russell Top 200 Value ETF 34.9 20 -13 7.0 -0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 34.7 28 -21 6.7 -1.0
RAFE PIMCO RAFI ESG U.S. ETF 34.6 29 -22 8.2 +0.5
VYM Vanguard High Dividend Yield Index ETF 34.2 6 1 7.4 -0.3
OEF iShares S&P 100 ETF 33.6 20 -13 5.5 -2.1
FMK First Trust Mega Cap AlphaDEX Fund 32.6 70 -63 5.6 -2.0
DVOP Source Dividend Opportunity ETF 32.6 50 -43 9.3 +1.7
SCHD Schwab U.S. Dividend Equity ETF 32.5 6 1 7.5 -0.1

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Invesco Dow Jones Industrial Average Dividend ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.5 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.56
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.