Invesco S&P Emerging Markets Low Volatility ETF
ALTAR
Score™
9.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
12.2x P/Sales
ratio
0.7x
P/BV
ratio
1.0x Div.
yield
4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P Emerging Markets Low Volatility Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P BMI Emerging Markets Low Volatility Index (the "Underlying Index").

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Jan 13, 2012
Assets (mns) $208
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Volatility
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 192
Wgt avg mkt cap (mns) $19,491
Large cap (>$10bn) 37.8%
Mid cap ($2-10bn) 48.7%
Small cap (<$2bn) 13.5%
Developed mkts 7.4%
Emerging mkts 92.6%

TOP TEN HOLDINGS
ISHARES MSCI SAUDI ARABIA CAPPED E 4.1 %
NESTLE (MALAYSIA) BHD. 1.3 %
CHUNGHWA TELECOM CO., LTD 1.2 %
TOP GLOVE CORP BHD 0.9 %
TAIWAN MOBILE CO. LTD. 0.8 %
HARTALEGA HOLDINGS BHD 0.8 %
SYNNEX TECHNOLOGY INTL CORP 0.8 %
FAR EASTONE TELECOMMUNICATIONS CO. 0.8 %
CATHAY FINANCIAL HOLDING CO 0.7 %
CHINA STEEL CORP 0.7 %
Total 12.1 %

TOP COUNTRY EXPOSURE
TAIWAN 37.4 %
CHINA 17.3 %
MALAYSIA 11.0 %
SOUTH KOREA 7.7 %
HONG KONG 5.4 %
MEXICO 4.6 %
QATAR 2.4 %
THAILAND 2.3 %
SOUTH AFRICA 1.3 %
CZECH REPUBLIC 1.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.0% -14.9% -2.6% -- -0.6%

Market Correlations
versus... Beta R-squared
S&P500 0.73 57%
MSCI EAFE 0.91 76%
MSCI Emg. Mkts. 0.79 88%

Technical Indicators
Recent close $19.75
30d moving avg. $18.65
Annualized volatility 16.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 108
Turnover 1.0%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $5,848

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P Emerging Markets Low Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with EELV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EELV Expense: 29 bp ALTAR Score™: 9.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EELV
Ticker Fund
Name
Overlap1
vs EELV
(%)
Expense
ratio
(bp)
Savings
vs EELV
(bp)
ALTAR
Score™
(%)
ALTAR
vs EELV
(%)
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 33.7 50 -21 9.9 0.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 31.4 25 4 8.5 -1.5
EWT iShares MSCI Taiwan ETF 29.1 59 -30 6.5 -3.5
RNEM Emerging Markets Equity Select ETF 27.5 75 -46 10.6 +0.6
FLTW Franklin FTSE Taiwan ETF 26.8 19 10 6.8 -3.2
EMMF WisdomTree Emerging Markets Multifactor Fund 26.3 48 -19 9.9 -0.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 26.2 40 -11 7.9 -2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 24.1 30 -1 9.5 -0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 23.8 39 -10 13.2 +3.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 23.3 45 -16 9.0 -0.9
JHEM John Hancock Multifactor Emerging Markets ETF 22.7 55 -26 8.9 -1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 22.5 30 -1 8.9 -1.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 22.4 14 15 9.6 -0.3
ROAM Hartford Multifactor Emerging Markets ETF 22.4 44 -15 15.1 +5.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 22.1 45 -16 8.8 -1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 22.1 50 -21 13.8 +3.8
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 21.4 45 -16 13.5 +3.6
EEMA iShares MSCI Emerging Markets Asia ETF 21.0 50 -21 8.5 -1.5
DEM WisdomTree Emerging Markets High Dividend Fund 20.7 63 -34 14.2 +4.2
GMF SPDR S&P Emerging Asia Pacific ETF 19.8 49 -20 8.0 -1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 19.7 49 -20 9.1 -0.9
SCHE Schwab Emerging Markets Equity ETF 19.0 13 16 8.7 -1.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 19.0 45 -16 9.8 -0.1
EMXC iShares MSCI Emerging Markets ex China ETF 18.9 49 -20 8.5 -1.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 18.7 65 -36 8.4 -1.5
AXJL WisdomTree Asia Pacific ex-Japan Fund 18.7 48 -19 10.0 +0.1
EEM iShares MSCI Emerging Markets ETF 18.5 68 -39 8.3 -1.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 18.3 49 -20 8.4 -1.5
SPEM SPDR Portfolio Emerging Markets ETF 18.0 11 18 8.7 -1.3
FLAX Franklin FTSE Asia Ex Japan ETF 18.0 19 10 8.6 -1.4
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 17.9 64 -35 5.3 -4.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 17.8 68 -39 8.0 -1.9
VWO Vanguard FTSE Emerging Markets ETF 17.4 10 19 8.9 -1.1
ESGE iShares ESG MSCI EM ETF 17.2 25 4 9.8 -0.2
DVEM WisdomTree Emerging Markets Dividend Fund 17.2 32 -3 9.2 -0.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 17.1 20 9 7.7 -2.2
IEMG iShares Core MSCI Emerging Markets ETF 17.1 14 15 8.8 -1.2
EMCG WisdomTree Emerging Markets Consumer Growth Fund 16.8 32 -3 7.9 -2.0
ISEM Invesco Strategic Emerging Markets ETF 16.5 35 -6 10.4 +0.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 16.2 32 -3 9.6 -0.3
XCEM Columbia EM Core ex-China ETF 15.4 16 13 7.9 -2.0
PIE Invesco DWA Emerging Markets Momentum ETF 15.0 90 -61 5.7 -4.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 14.6 59 -30 11.2 +1.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 14.6 45 -16 10.0 +0.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 14.5 51 -22 13.6 +3.6
EDIV SPDR S&P Emerging Markets Dividend ETF 14.5 49 -20 11.6 +1.7
AVEM Avantis Emerging Markets Equity ETF 14.0 33 -4 9.6 -0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 13.9 32 -3 6.9 -3.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 12.7 95 -66 10.2 +0.3
DVYE iShares Emerging Markets Dividend ETF 12.4 49 -20 13.1 +3.1
NUEM Nuveen ESG Emerging Markets Equity ETF 11.6 45 -16 7.9 -2.1
EEMO Invesco S&P Emerging Markets Momentum ETF 11.5 30 -1 7.3 -2.7
EMFM Global X MSCI Next Emerging & Frontier ETF 11.5 55 -26 8.8 -1.1
GXC SPDR S&P China ETF 11.5 59 -30 9.0 -1.0
MCHI iShares MSCI China ETF 11.3 59 -30 9.1 -0.9
FXI iShares China Large-Cap ETF 11.2 74 -45 13.6 +3.6
EWM iShares MSCI Malaysia ETF 11.0 49 -20 6.0 -4.0
FLCH Franklin FTSE China ETF 11.0 19 10 9.3 -0.7
AIA iShares Asia 50 ETF 10.8 50 -21 9.1 -0.9
FEM First Trust Emerging Markets AlphaDEX Fund 10.4 80 -51 11.7 +1.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 10.3 29 0 12.4 +2.5
KALL KraneShares FTSE Emerging Markets Plus ETF 9.6 49 -20 9.1 -0.8
BKF iShares MSCI BRIC ETF 9.3 69 -40 8.5 -1.4
CN Xtrackers MSCI All China Equity ETF 9.1 50 -21 9.4 -0.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 9.0 70 -41 13.1 +3.1
WCHN WisdomTree ICBCCS S&P China 500 Fund 8.7 55 -26 9.2 -0.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 8.7 63 -34 13.3 +3.3
VYMI Vanguard International High Dividend Yield ETF 8.3 32 -3 10.4 +0.4
ECON Columbia Emerging Markets Consumer ETF 7.8 59 -30 4.9 -5.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 7.4 20 9 11.1 +1.1
CHIX Global X China Financials ETF 7.3 65 -36 18.7 +8.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 7.3 60 -31 8.6 -1.4
BICK First Trust BICK Index Fund 7.1 64 -35 4.5 -5.4
ACWV iShares Edge MSCI Min Vol Global ETF 7.0 20 9 5.9 -4.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.7 40 -11 7.5 -2.4
FRDM Freedom 100 Emerging Markets ETF 6.6 49 -20 7.5 -2.5
ACWX iShares MSCI ACWI ex U.S. ETF 6.5 32 -3 7.6 -2.3
VSGX Vanguard ESG International Stock ETF 6.5 17 12 7.5 -2.5
VEU Vanguard FTSE All-World ex-US Index Fund 6.3 8 21 7.9 -2.1
EWY iShares MSCI South Korea ETF 6.3 59 -30 9.3 -0.7
FLKR Franklin FTSE South Korea ETF 6.1 9 20 9.9 -0.0
IQDE FlexShares International Quality Dividend Defensive Index Fd 6.0 47 -18 12.9 +3.0
VXUS Vanguard Total International Stock Index Fund 6.0 8 21 7.8 -2.1
IQDF FlexShares International Quality Dividend Index Fund 6.0 47 -18 13.2 +3.2
IXUS ishares Core MSCI Total International Stock ETF 6.0 9 20 7.7 -2.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 5.8 16 13 7.2 -2.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.7 47 -18 13.8 +3.8
CHIL Global X MSCI China Large-Cap 50 ETF 5.5 29 0 9.6 -0.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.4 60 -31 10.6 +0.6
DEW WisdomTree Global High Dividend Fund 5.2 58 -29 9.2 -0.7
OBOR KraneShares MSCI One Belt One Road Index ETF 5.0 79 -50 9.6 -0.3
ASEA Global X Southeast Asia ETF 4.9 65 -36 10.3 +0.3
VIDI Vident International Equity Fund 4.8 59 -30 11.6 +1.6
DWCR Arrow DWA Country Rotation ETF 4.8 95 -66 17.8 +7.9
VGFO Virtus WMC Global Factor Opportunities ETF 4.8 49 -20 6.2 -3.8
NXTG First Trust Indxx NextG ETF 4.8 70 -41 6.1 -3.9
CHII Global X China Industrials ETF 4.8 66 -37 12.3 +2.4
CWI SPDR MSCI ACWI ex-US ETF 4.7 30 -1 7.8 -2.2
FLMX Franklin FTSE Mexico ETF 4.6 19 10 10.0 +0.1
FLLA Franklin FTSE Latin America ETF 4.5 19 10 7.2 -2.8

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 S&P Emerging Markets Low Volatility ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.2 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 9.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.45
 
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.