Invesco Dow Jones Industrial Average Dividend ETF
ALTAR
Score™
7.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.3x P/Sales
ratio
1.3x
P/BV
ratio
2.3x Div.
yield
4.2%


  • 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) $95
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 29
Wgt avg mkt cap (mns) $203,180
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. 8.1 %
EXXON MOBIL CORP 7.8 %
CHEVRON CORP 5.9 %
INTL BUSINESS MACHINES CORP 5.8 %
VERIZON COMMUNICATIONS INC 4.8 %
WALGREENS BOOTS ALLIANCE INC 4.7 %
PFIZER INC 4.6 %
3M CO 4.3 %
CATERPILLAR INC 4.1 %
COCA-COLA CO/THE 3.9 %
Total 53.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.6% -6.6% -- -- 8.7%

Market Correlations
versus... Beta R-squared
S&P500 0.88 90%
MSCI EAFE 0.89 81%
MSCI Emg. Mkts. 0.64 65%

Technical Indicators
Recent close $32.82
30d moving avg. $34.38
Annualized volatility 15.7%
Short interest (ETF) 0.4%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 55
Turnover 1.9%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $54,594

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 7.1%


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 76.7 50 -43 6.1 -1.0
DIA SPDR Dow Jones Industrial Average ETF Trust 56.8 16 -9 5.7 -1.4
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 45.6 49 -42 4.9 -2.2
HDV iShares Core High Dividend ETF 40.0 8 -1 6.9 -0.2
JKF iShares Morningstar Large Cap Value ETF 38.4 25 -18 7.8 +0.7
OUSA O'Shares FTSE US Quality Dividend ETF 38.3 48 -41 5.7 -1.4
DGRO iShares Core Dividend Growth ETF 36.0 8 -1 6.8 -0.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 35.8 12 -5 4.8 -2.3
MGV Vanguard Mega Cap Value ETF 34.4 7 0 7.5 +0.4
VYM Vanguard High Dividend Yield Index ETF 34.2 6 1 7.6 +0.5
RAFE PIMCO RAFI ESG U.S. ETF 33.6 29 -22 8.0 +0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 32.7 28 -21 6.5 -0.6
GBDV Global Beta Smart Income ETF 32.6 29 -22 9.3 +2.2
DURA VanEck Vectors Morningstar Durable Dividend ETF 32.4 29 -22 7.4 +0.3
IWX iShares Russell Top 200 Value ETF 31.6 20 -13 7.3 +0.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 31.4 75 -68 6.2 -0.9
QDEF FlexShares Quality Dividend Defensive Index Fund 30.3 37 -30 5.9 -1.2
VTV Vanguard Value Index Fund 30.2 4 3 7.6 +0.5
PFM Invesco Dividend Achievers ETF 29.5 54 -47 5.5 -1.6
DTD WisdomTree U.S.Total Dividend Fund 29.4 28 -21 6.8 -0.3
SCHV Schwab U.S. Large-Cap Value ETF 28.8 4 3 7.4 +0.3
FDRR Fidelity Dividend ETF for Rising Rates 28.3 29 -22 7.1 +0.0
XLG Invesco S&P 500 Top 50 ETF 27.9 20 -13 4.4 -2.7
QDF FlexShares Quality Dividend Index Fund 27.2 37 -30 6.2 -0.9
FDVV Fidelity Core Dividend ETF 26.5 29 -22 7.3 +0.2
FMK First Trust Mega Cap AlphaDEX Fund 26.5 70 -63 5.2 -1.9
OEF iShares S&P 100 ETF 26.4 20 -13 4.8 -2.3
DHS WisdomTree U.S. High Dividend Fund 26.4 38 -31 8.9 +1.8
EQWL Invesco Russell Top 200 Equal Weight ETF 26.4 25 -18 6.2 -0.9
CCOR Core Alternative ETF 26.3 123 -116 4.4 -2.7
DIVB iShares U.S. Dividend & Buyback ETF 26.3 25 -18 6.7 -0.4
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 25.9 35 -28 6.9 -0.2
SPYV SPDR Portfolio S&P 500 Value ETF 25.9 4 3 7.6 +0.5
IVE iShares S&P 500 Value ETF 25.9 18 -11 7.5 +0.4
VOOV Vanguard S&P 500 Value ETF 25.8 15 -8 7.6 +0.5
NULV Nuveen ESG Large-Cap Value ETF 25.8 35 -28 7.6 +0.5
BVAL Brand Value ETF 25.0 65 -58 6.2 -0.9
EPS WisdomTree U.S. Earnings 500 Fund 24.9 8 -1 6.6 -0.5
QDYN FlexShares Quality Dividend Dynamic Index Fund 24.6 37 -30 6.3 -0.8
IUSV iShares Core S&P U.S. Value ETF 24.4 4 3 7.7 +0.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 24.4 28 -21 6.5 -0.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 24.3 25 -18 6.7 -0.4
IOO iShares Global 100 ETF 24.0 40 -33 4.7 -2.4
QUS SPDR MSCI USA StrategicFactors ETF 23.4 15 -8 5.9 -1.2
SPHQ Invesco S&P 500 Quality ETF 23.4 15 -8 4.6 -2.5
FLLV Franklin Liberty U.S. Low Volatility ETF 23.4 29 -22 5.9 -1.2
SCHD Schwab U.S. Dividend Equity ETF 23.3 6 1 8.5 +1.4
VONV Vanguard Russell 1000 Value Index Fund 23.1 8 -1 7.5 +0.4
PRF Invesco FTSE RAFI US 1000 ETF 22.9 39 -32 7.0 -0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 22.6 25 -18 6.7 -0.4
YLDE ClearBridge Dividend Strategy ESG ETF 22.5 60 -53 5.1 -2.0
USDY Pacific Global US Equity Income ETF 22.4 29 -22 7.5 +0.4
FDLO Fidelity Low Volatility Factor ETF 22.3 29 -22 5.2 -1.9
QUAL iShares MSCI Usa Quality Factor ETF 22.1 15 -8 5.4 -1.7
HLAL Wahed FTSE USA Shariah ETF 21.9 50 -43 4.6 -2.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 21.9 19 -12 5.7 -1.4
JQUA JPMorgan U.S. Quality Factor ETF 21.9 12 -5 5.3 -1.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 21.8 49 -42 4.1 -3.0
IWL iShares Russell Top 200 ETF 21.8 15 -8 5.0 -2.1
ACIO Aptus Collared Income Opportunity ETF 21.7 79 -72 4.4 -2.7
NACP Impact Shares NAACP Minority Empowerment ETF 21.6 75 -68 4.5 -2.6
IWD iShares Russell 1000 Value ETF 21.6 19 -12 7.4 +0.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 21.5 29 -22 6.3 -0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 21.5 0 7 5.2 -1.9
ESG FlexShares STOXX US ESG Impact Index Fund 21.4 32 -25 5.1 -2.0
FVAL Fidelity Value Factor ETF 21.4 29 -22 8.1 +1.0
IUS Invesco Strategic US ETF 21.2 19 -12 6.8 -0.3
MGC Vanguard Mega Cap Index Fund 21.1 7 0 5.2 -1.9
VIG Vanguard Dividend Appreciation Index Fund 20.9 6 1 5.4 -1.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 20.8 10 -3 5.3 -1.8
SUSL iShares ESG MSCI USA Leaders ETF 20.7 10 -3 5.3 -1.8
REVS Columbia Research Enhanced Value ETF 20.6 19 -12 7.9 +0.8
RWL Invesco S&P 500 Revenue ETF 20.5 39 -32 7.4 +0.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 20.4 52 -45 5.0 -2.1
FLV American Century Focused Large Cap Value ETF 20.4 42 -35 6.8 -0.3
FQAL Fidelity Quality Factor ETF 20.3 29 -22 5.5 -1.6
QLV FlexShares US Quality Low Volatility Index Fund 20.2 22 -15 4.9 -2.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 20.1 20 -13 4.9 -2.2
PWV Invesco Dynamic Large Cap Value ETF 20.0 55 -48 9.1 +2.0
RECS Columbia Research Enhanced Core ETF 19.9 15 -8 5.7 -1.4
VLU SPDR S&P 1500 Value Tilt ETF 19.8 12 -5 7.7 +0.6
STLV iShares Factors US Value Style ETF 19.5 25 -18 8.1 +1.0
SPMV Invesco S&P 500 Minimum Variance ETF 19.5 10 -3 5.9 -1.2
PBP Invesco S&P 500 BuyWrite ETF 19.4 49 -42 5.0 -2.1
SNPE Xtrackers S&P 500 ESG ETF 19.3 11 -4 5.1 -2.0
SPXN ProShares S&P 500 Ex-Financials ETF 19.3 27 -20 5.0 -2.1
QLC FlexShares US Quality Large Cap Index Fund 19.1 32 -25 5.4 -1.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 19.1 15 -8 6.2 -0.9
SPY SPDR S&P 500 ETF Trust 19.0 9 -2 5.4 -1.7
SPLG SPDR Portfolio Large Cap ETF 19.0 3 4 5.4 -1.7
JVAL JPMorgan U.S. Value Factor ETF 19.0 12 -5 9.0 +1.9
IVV iShares Core S&P 500 ETF 19.0 4 3 5.4 -1.7
HSPX Global X S&P 500 Covered Call ETF 19.0 65 -58 4.9 -2.2
VOO VANGUARD S&P 500 ETF 19.0 3 4 5.4 -1.7
LVUS Hartford Multifactor Low Volatility US Equity ETF 18.8 19 -12 6.2 -0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 18.6 7 0 5.2 -1.9
SPXT ProShares S&P 500 Ex-Technology ETF 18.5 27 -20 5.7 -1.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 18.4 30 -23 6.6 -0.5
VV Vanguard Large-Cap Index Fund 18.4 4 3 5.3 -1.8
ESGU iShares MSCI USA ESG Optimized ETF 18.4 15 -8 5.1 -2.0

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

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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 15.9 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.52
 
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.