Invesco DWA NASDAQ Momentum Portfolio
ALTAR
Score™
0.6% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
55.4x P/Sales
ratio
3.7x
P/BV
ratio
8.0x Div.
yield
0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Dynamic OTC Portfolio is an exchange-traded fund incorporated in the USA. The Fund's objective is to correspond to the price and yield of an equity index called the Dynamic OTC Intellidex (SM) Index, which evaluates companies based on a variety of investment criteria merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date May 01, 2003
Assets (mns) $44
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Momentum
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $50,368
Large cap (>$10bn) 34.4%
Mid cap ($2-10bn) 40.2%
Small cap (<$2bn) 25.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FIVE9 INC 2.8 %
AXSOME THERAPEUTICS, INC. 2.7 %
CREDIT ACCEPTANCE CORP 2.6 %
AMAZON.COM INC 2.5 %
INTUIT INC 2.5 %
EXACT SCIENCES CORP 2.5 %
CASELLA WASTE SYSTEMS INC-A 2.3 %
FRESHPET INC 2.2 %
O'REILLY AUTOMOTIVE INC 2.2 %
IDEXX LABORATORIES INC 2.2 %
Total 24.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.2 %
BRITAIN 1.0 %
ISRAEL 0.6 %
BERMUDA 0.6 %







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.
23.9% 10.4% 9.2% -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.25 63%
MSCI EAFE 1.00 34%
MSCI Emg. Mkts. 0.71 28%

Technical Indicators
Recent close $110.83
30d moving avg. $108.67
Annualized volatility 19.0%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.7%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.5%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $19,781

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco DWA NASDAQ Momentum Portfolio ETF based on the alternatives' overlap in portfolio holdings with DWAQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DWAQ Expense: 60 bp ALTAR Score™: 0.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DWAQ
Ticker Fund
Name
Overlap1
vs DWAQ
(%)
Expense
ratio
(bp)
Savings
vs DWAQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs DWAQ
(%)
PTF Invesco DWA Technology Momentum 25.6 60 0 1.5 +0.9
PDP Invesco DWA Technical Leaders 23.2 62 -2 3.9 +3.4
DWAS Invesco DWA Smallcap Technology 23.0 60 0 0.4 -0.2
PTH Invesco DWA Healthcare Momentum 19.9 60 0 -1.4 -1.9
DWMC AdvisorShares Dorsey Wright Micro-Cap 16.0 125 -65 0.2 -0.3
QQEW First Trust NASDAQ 100 Equal Weight 15.6 60 0 6.0 +5.5
QQQE Direxion NASDAQ-100 Equal Weight 15.5 35 25 6.3 +5.8
QGRO American Century STOXX U.S. Quality Growth 15.3 29 31 4.8 +4.3
FNY First Trust Mid Cap Growth AlphaDEX 14.7 70 -10 3.8 +3.2
JKH iShares Morningstar Mid Cap Growth 14.4 30 30 2.8 +2.2
VFMO Vanguard U.S. Momentum Factor 14.1 13 47 2.9 +2.3
IWP iShares Russell Midcap Growth 13.7 24 36 4.6 +4.1
QYLD Global X NASDAQ 100 Covered Call ETF 13.5 60 0 4.9 +4.4
ONEQ Fidelity NASDAQ Composite 13.4 21 39 4.2 +3.7
QQQ Invesco QQQ 13.3 20 40 5.2 +4.7
FAD First Trust Multi Cap Growth 12.7 69 -9 3.4 +2.9
FDMO Fidelity Momentum Factor 12.4 29 31 4.2 +3.6
JMOM JPMorgan U.S. Momentum Factor 12.3 12 48 4.3 +3.8
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum 12.1 75 -15 3.7 +3.1
JKE iShares Morningstar Large Cap Growth 12.0 25 35 4.1 +3.5

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

Content on this tab for subscribers only

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 DWA NASDAQ Momentum Portfolio
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.1 %
Divided by: Fwd. P/BV 7.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 0.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 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.