Invesco Dow Jones Industrial Average Dividend
ALTAR
Score™
7.3% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.9x P/Sales
ratio
1.7x
P/BV
ratio
2.9x Div.
yield
3.1%


  • 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) $85
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 30
Wgt avg mkt cap (mns) $231,883
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. 8.7 %
EXXON MOBIL CORP 5.6 %
INTL BUSINESS MACHINES CORP 5.2 %
VERIZON COMMUNICATIONS INC 4.8 %
PFIZER INC 4.8 %
CHEVRON CORP 4.7 %
WALGREENS BOOTS ALLIANCE INC 4.6 %
CATERPILLAR INC 4.4 %
3M CO 4.2 %
JPMORGAN CHASE & CO 4.1 %
Total 51.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.6% 10.7% -- -- 13.2%

Market Correlations
versus... Beta R-squared
S&P500 0.83 85%
MSCI EAFE 0.77 63%
MSCI Emg. Mkts. 0.55 50%

Technical Indicators
Recent close $38.75
30d moving avg. $37.58
Annualized volatility 10.9%
Short interest (ETF) 0.3%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.6%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $28,821

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco Dow Jones Industrial Average Dividend 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™: 7.3%


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 81.3 50 -43 6.2 -1.1
DIA SPDR Dow Jones Industrial Average 65.0 17 -10 6.0 -1.2
DIVO Amplify YieldShares CWP Dividend & Option Income 51.2 49 -42 5.5 -1.8
USMC Principal U.S. Mega-Cap Multi-Factor Index 46.3 12 -5 5.7 -1.6
OUSA O'Shares FTSE U.S. Quality Dividend 42.3 48 -41 5.9 -1.4
ACIO Aptus Collared Income Opportunity 38.8 79 -72 6.7 -0.6
DURA VanEck Vectors Morningstar Durable Dividend 38.1 29 -22 6.7 -0.6
XLG Invesco S&P Top 50 37.6 20 -13 5.1 -2.1
MGV Vanguard Mega Cap 300 Value 36.8 7 0 7.0 -0.2
DGRO iShares Core Dividend Growth 36.5 8 -1 6.4 -0.9
IWX iShares Russell Top 200 Value 35.3 20 -13 6.9 -0.3
HDV iShares High Dividend 34.9 8 -1 6.6 -0.7
OYLD Invesco Russell 1000 Yield Factor ETF 34.9 19 -12 7.0 -0.3
OEF iShares S&P 100 34.5 20 -13 5.5 -1.8
VYM Vanguard High Dividend Yield ETF 34.5 6 1 7.2 -0.1
DLN WisdomTree Large Cap Dividend 32.7 28 -21 6.5 -0.8
SCHD Schwab US Dividend Equity 32.3 6 1 7.3 -0.0
FMK First Trust Mega Cap AlphaDEX 32.2 70 -63 5.6 -1.7
DGRW WisdomTree US Dividend Growth 31.2 28 -21 6.7 -0.6
QDF FlexShares Quality Dividend 31.2 37 -30 6.9 -0.4

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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
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 19.3 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.55
 
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.