Invesco S&P Emerging Markets Momentum ETF
ALTAR
Score™
4.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
27.8x P/Sales
ratio
2.6x
P/BV
ratio
4.3x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P Emerging Markets Momentum Portfolio is based on the S&P Momentum Emerging Plus LargeMidCap Index. The Fund will invest at least 90% of its total assets in the securities of companies that comprise the Underlying Index, as well as ADRs/GDRs representing ownership in the securities in the Underlying Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Feb 24, 2012
Assets (mns) $6
Currency USD
Expense ratio 29 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 204
Wgt avg mkt cap (mns) $229,800
Large cap (>$10bn) 85.1%
Mid cap ($2-10bn) 12.0%
Small cap (<$2bn) 1.1%
Developed mkts 17.3%
Emerging mkts 82.6%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 9.5 %
ALIBABA GROUP HOLDING LTD. SPONSOR 9.5 %
TENCENT HOLDINGS LTD 9.3 %
MEITUAN DIANPING 9.0 %
SAMSUNG ELECTRONICS CO LTD 7.6 %
RELIANCE INDUSTRIES LTD 3.5 %
JD.COM INC-ADR 3.4 %
PINDUODUO, INC. SPONSORED ADR CLAS 2.3 %
MEDIATEK INC 2.1 %
NHN CORP 1.9 %
Total 58.0 %

TOP COUNTRY EXPOSURE
CHINA 48.5 %
SOUTH KOREA 17.0 %
TAIWAN 16.2 %
INDIA 6.5 %
BRAZIL 2.7 %
MALAYSIA 1.8 %
SOUTH AFRICA 1.8 %
RUSSIA 1.5 %
HONG KONG 1.2 %
TURKEY 0.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.8% 2.3% 7.6% -- -1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.95 57%
MSCI EAFE 1.18 72%
MSCI Emg. Mkts. 1.01 83%

Technical Indicators
Recent close $16.67
30d moving avg. $16.27
Annualized volatility 22.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.9%
Bid/Ask (% of price) 0.73%
ADV underlying (mns) $20,253

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Invesco S&P Emerging Markets Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with EEMO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EEMO Expense: 29 bp ALTAR Score™: 4.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EEMO
Ticker Fund
Name
Overlap1
vs EEMO
(%)
Expense
ratio
(bp)
Savings
vs EEMO
(bp)
ALTAR
Score™
(%)
ALTAR
vs EEMO
(%)
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 48.1 32 -3 5.6 +1.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 46.1 20 9 6.6 +2.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 44.6 68 -39 7.0 +3.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 44.2 30 -1 7.6 +3.6
EEMA iShares MSCI Emerging Markets Asia ETF 43.5 50 -21 7.6 +3.6
FLAX Franklin FTSE Asia Ex Japan ETF 43.4 19 10 7.6 +3.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 43.3 32 -3 11.2 +7.3
EEM iShares MSCI Emerging Markets ETF 42.7 68 -39 7.3 +3.4
ESGE iShares ESG MSCI EM ETF 42.4 25 4 8.5 +4.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 42.3 36 -7 7.3 +3.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 41.9 45 -16 7.5 +3.5
DVEM WisdomTree Emerging Markets Dividend Fund 41.8 32 -3 7.2 +3.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 41.5 65 -36 7.4 +3.4
AIA iShares Asia 50 ETF 41.5 50 -21 7.7 +3.7
BKF iShares MSCI BRIC ETF 40.8 69 -40 7.3 +3.4
SCHE Schwab Emerging Markets Equity ETF 39.1 11 18 7.9 +3.9
IEMG iShares Core MSCI Emerging Markets ETF 39.0 13 16 7.8 +3.9
FDNI First Trust Dow Jones International Internet ETF 39.0 65 -36 2.0 -2.0
MCHI iShares MSCI China ETF 38.3 59 -30 7.5 +3.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 38.2 86 -57 2.1 -1.9
FLCH Franklin FTSE China ETF 38.2 19 10 8.0 +4.1
KWEB KraneShares CSI China Internet ETF 37.5 76 -47 2.0 -2.0
CHIL Global X MSCI China Large-Cap 50 ETF 37.4 29 0 7.5 +3.5
GXC SPDR S&P China ETF 37.2 59 -30 7.6 +3.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 36.7 15 14 8.4 +4.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 35.7 95 -66 8.0 +4.1
NUEM Nuveen ESG Emerging Markets Equity ETF 35.4 45 -16 6.7 +2.7
JHEM John Hancock Multifactor Emerging Markets ETF 34.2 49 -20 8.7 +4.8
BKEM BNY Mellon Emerging Markets Equity ETF 33.1 11 18 8.2 +4.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 33.0 49 -20 7.7 +3.8
VWO Vanguard FTSE Emerging Markets ETF 32.8 10 19 8.0 +4.0
GMF SPDR S&P Emerging Asia Pacific ETF 32.5 49 -20 7.0 +3.0
CN Xtrackers MSCI All China Equity ETF 32.3 50 -21 7.9 +3.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 32.2 40 -11 7.2 +3.3
KALL KraneShares FTSE Emerging Markets Plus ETF 32.0 49 -20 7.9 +3.9
SPEM SPDR Portfolio Emerging Markets ETF 31.3 11 18 7.7 +3.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 30.8 49 -20 7.9 +4.0
EMXC iShares MSCI Emerging Markets ex China ETF 29.9 25 4 8.2 +4.2
CHIQ Global X China Consumer ETF 26.8 65 -36 6.7 +2.7
TTTN UP Fintech China-U.S. Internet Titans ETF 25.8 59 -30 4.2 +0.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 25.7 45 -16 8.5 +4.5
EMMF WisdomTree Emerging Markets Multifactor Fund 25.4 48 -19 9.6 +5.6
ECON Columbia Emerging Markets Consumer ETF 25.0 59 -30 4.9 +0.9
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 23.1 45 -16 9.1 +5.1
XCEM Columbia EM Core ex-China ETF 23.1 16 13 7.1 +3.1
AVEM Avantis Emerging Markets Equity ETF 22.7 33 -4 8.8 +4.8
FXI iShares China Large-Cap ETF 22.1 74 -45 13.1 +9.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 21.6 32 -3 9.0 +5.0
ISEM Invesco Strategic Emerging Markets ETF 21.2 35 -6 10.8 +6.8
BICK First Trust BICK Index Fund 21.1 64 -35 4.7 +0.7
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 20.4 18 11 4.8 +0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 20.3 50 -21 13.4 +9.4
FNI First Trust Chindia ETF 20.0 60 -31 2.4 -1.5
CQQQ Invesco China Technology ETF 19.7 70 -41 6.0 +2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 19.6 30 -1 8.8 +4.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 19.5 59 -30 11.1 +7.1
PGJ Invesco Golden Dragon China ETF 19.1 70 -41 3.3 -0.6
WUGI Esoterica NextG Economy ETF 19.0 75 -46 1.5 -2.5
DINT Davis Select International ETF 18.6 68 -39 5.7 +1.8
OGIG O'Shares Global Internet Giants ETF 17.7 48 -19 0.5 -3.5
GBUY Goldman Sachs Motif New Age Consumer ETF 17.2 50 -21 1.7 -2.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 17.2 16 13 7.0 +3.0
PEK VanEck Vectors ChinaAMC CSI 300 ETF 17.0 60 -31 3.9 -0.1
PIE Invesco DWA Emerging Markets Momentum ETF 16.6 90 -61 5.0 +1.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 16.5 45 -16 14.6 +10.6
FLKR Franklin FTSE South Korea ETF 16.4 9 20 8.8 +4.8
FLTW Franklin FTSE Taiwan ETF 15.6 19 10 6.2 +2.2
VSGX Vanguard ESG International Stock ETF 15.6 17 12 7.1 +3.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 15.6 60 -31 4.4 +0.5
EWT iShares MSCI Taiwan ETF 15.2 59 -30 6.0 +2.1
EWY iShares MSCI South Korea ETF 15.2 59 -30 8.4 +4.4
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 14.6 25 4 8.0 +4.0
FRDM Freedom 100 Emerging Markets ETF 14.4 49 -20 6.6 +2.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 14.0 39 -10 13.5 +9.5
DWLD Davis Select Worldwide ETF 14.0 63 -34 6.4 +2.4
PNQI Invesco NASDAQ Internet ETF 13.3 60 -31 0.9 -3.1
SOCL Global X Social Media ETF 13.3 65 -36 1.6 -2.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.9 40 -11 7.2 +3.2
GIGE SoFi Gig Economy ETF 12.8 59 -30 -0.8 -4.8
BUYZ Franklin Disruptive Commerce ETF 12.7 50 -21 -0.2 -4.2
FEM First Trust Emerging Markets AlphaDEX Fund 12.7 80 -51 13.9 +10.0
AIQ Global X Future Analytics Tech ETF 12.6 68 -39 4.0 +0.0
ACWX iShares MSCI ACWI ex U.S. ETF 12.5 32 -3 7.3 +3.4
ROAM Hartford Multifactor Emerging Markets ETF 12.4 44 -15 13.2 +9.2
EBIZ Global X E-Commerce ETF 12.2 50 -21 2.4 -1.6
BLOK Amplify Transformational Data Sharing ETF 12.0 70 -41 4.3 +0.3
IXUS ishares Core MSCI Total International Stock ETF 11.6 9 20 7.4 +3.5
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 11.6 50 -21 10.4 +6.4
ESPO VanEck Vectors Video Gaming & eSports ETF 11.6 55 -26 2.7 -1.3
FPXI First Trust International Equity Opportunities ETF 11.5 70 -41 2.6 -1.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 11.4 44 -15 9.2 +5.2
CHIC Global X Nasdaq China Technology ETF 11.3 66 -37 4.2 +0.2
VEU Vanguard FTSE All-World ex-US Index Fund 10.4 8 21 7.6 +3.6
VXUS Vanguard Total International Stock Index Fund 10.4 8 21 7.6 +3.6
IXP iShares Global Comm Services ETF 10.2 46 -17 5.6 +1.7
IPOS Renaissance International IPO ETF 9.9 80 -51 3.6 -0.4
VIGI Vanguard International Dividend Appreciation ETF 9.4 20 9 5.6 +1.7
FCA First Trust China AlphaDEX Fund 9.0 80 -51 14.5 +10.5

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

  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 Momentum ETF
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 16.5 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.27 CATEGORY
AVERAGE
1.43
 
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.