Invesco Russell 1000 Equal Weight ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
Invesco Russell 1000 Equal Weight Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Russell 1000? Equal Weight Index. |
Category | US Equities |
Fund Sponsor | Invesco PowerShares |
Website | www.powershares.com |
Inception date | Dec 23, 2014 |
Assets (mns) | $578 |
Currency | USD |
Expense ratio | 20 bp |
Distributions | Quarterly |
Regulation | Open-End Investment Company |
Custodian | Bank of New York Mellon/The |
Weighting | Tiered |
Index replication | Full |
Uses derivatives | No |
Options available | No |
No. of constituents | 999 |
Wgt avg mkt cap (mns) | $36,432 |
Large cap (>$10bn) | 58.1% |
Mid cap ($2-10bn) | 39.7% |
Small cap (<$2bn) | 0.9% |
Developed mkts | 100.0% |
Emerging mkts | 0.1% |
LIBERTY BROADBAND CORP. CLASS C | 0.7 % |
DEVON ENERGY CORPORATION | 0.5 % |
PIONEER NATURAL RESOURCES CO | 0.5 % |
LUMENTUM HOLDINGS, INC. | 0.4 % |
CIENA CORP | 0.4 % |
CENTURYTEL INC | 0.4 % |
VIASAT INC | 0.4 % |
COMMSCOPE HOLDING CO INC | 0.4 % |
JUNIPER NETWORKS INC | 0.4 % |
ECHOSTAR CORP-A | 0.4 % | Total | 4.6 % |
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UNITED STATES | 88.6 % |
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BRITAIN | 1.1 % |
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IRELAND | 0.7 % |
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BERMUDA | 0.5 % |
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CAYMAN ISLANDS | 0.2 % |
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SWITZERLAND | 0.1 % |
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NETHERLANDS | 0.1 % |
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LUXEMBOURG | 0.1 % |
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PUERTO RICO | 0.1 % |
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CHINA | 0.1 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
16.5% | 16.5% | 12.3% | -- | 9.3% |
versus... | Beta | R-squared |
S&P500 | 1.20 | 92% |
MSCI EAFE | 1.16 | 84% |
MSCI Emg. Mkts. | 0.96 | 74% |
Recent close | $40.45 |
30d moving avg. | $39.09 |
Annualized volatility | 23.6% |
Short interest (ETF) | 0.2% |
Short interest (Underlying) | 5.0% |
Relative strength (RSI) | 67 |
Avg. volume (thou.) | 46 |
Turnover | 0.3% |
Bid/Ask (% of price) | 0.09% |
ADV underlying (mns) | $317,138 |
FINDING ALTERNATIVE FUNDS
Below is a list of 96 potential alternatives to the Invesco Russell 1000 Equal Weight ETF ETF based on the alternatives' overlap in portfolio holdings with EQAL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | EQAL | Expense: | 20 bp | ALTAR Score™: | 5.0% |
Ticker | Fund Name |
Overlap1 vs EQAL (%) |
Expense ratio (bp) |
Savings vs EQAL (bp) |
ALTAR Score™ (%) |
ALTAR vs EQAL (%) |
USEQ | Invesco Russell 1000 Enhanced Equal Weight ETF | 50.4 | 29 | -9 | 6.0 | +1.0 |
ONEO | SPDR Russell 1000 Momentum Focus ETF | 50.2 | 20 | 0 | 5.6 | +0.6 |
IWR | iShares Russell Midcap ETF | 49.3 | 19 | 1 | 4.7 | -0.3 |
SIZE | iShares MSCI USA Size Factor ETF | 48.7 | 15 | 5 | 5.2 | +0.1 |
EUSA | iShares MSCI USA Equal Weighted ETF | 48.7 | 15 | 5 | 5.1 | +0.1 |
DEUS | Xtrackers Russell 1000 Comprehensive Factor ETF | 47.9 | 17 | 3 | 5.7 | +0.6 |
IWS | iShares Russell Mid-Cap Value ETF | 46.4 | 24 | -4 | 6.0 | +0.9 |
OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 46.2 | 29 | -9 | 7.3 | +2.3 |
RSP | Invesco S&P 500 Equal Weight ETF | 45.9 | 20 | 0 | 5.6 | +0.6 |
JHML | John Hancock Multifactor Large Cap ETF | 43.9 | 29 | -9 | 4.9 | -0.1 |
GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 43.9 | 9 | 11 | 5.0 | -0.0 |
CFO | VictoryShares US 500 Enhanced Volatility Weighted Index ETF | 42.9 | 35 | -15 | 5.1 | +0.0 |
CFA | VictoryShares US 500 Volatility Weighted Index ETF | 42.8 | 35 | -15 | 5.1 | +0.0 |
VONV | Vanguard Russell 1000 Value Index Fund | 42.7 | 8 | 12 | 6.1 | +1.1 |
JHMM | John Hancock Multifactor Mid Cap ETF | 42.2 | 42 | -22 | 4.7 | -0.3 |
IWD | iShares Russell 1000 Value ETF | 41.9 | 19 | 1 | 6.0 | +1.0 |
JPUS | JPMorgan Diversified Return U.S. Equity ETF | 40.7 | 18 | 2 | 5.6 | +0.6 |
DYNF | BlackRock U.S. Equity Factor Rotation ETF | 40.6 | 30 | -10 | 5.3 | +0.3 |
TILT | Flexshares Morningstar US Market Factors Tilt Index Fund | 39.9 | 25 | -5 | 5.0 | -0.1 |
AVUS | Avantis U.S. Equity ETF | 39.5 | 15 | 5 | 4.9 | -0.2 |
PRF | Invesco FTSE RAFI US 1000 ETF | 39.5 | 39 | -19 | 5.8 | +0.8 |
JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 39.3 | 24 | -4 | 5.5 | +0.4 |
DFAU | Dimensional US Core Equity Market ETF | 39.2 | 12 | 8 | 4.7 | -0.3 |
RVRS | Reverse Cap Weighted U.S. Large Cap ETF | 38.9 | 29 | -9 | 6.1 | +1.1 |
TUSA | First Trust Total US Market AlphaDEX ETF | 38.9 | 70 | -50 | 4.8 | -0.2 |
IWB | iShares Russell 1000 ETF | 38.6 | 15 | 5 | 4.6 | -0.5 |
FNDB | Schwab Fundamental U.S. Broad Market Index ETF | 38.3 | 25 | -5 | 5.7 | +0.7 |
USLB | Invesco Russell 1000 Low Beta Equal Weight ETF | 38.3 | 35 | -15 | 5.1 | +0.1 |
BKMC | BNY Mellon US Mid Cap Core Equity ETF | 38.3 | 4 | 16 | 4.9 | -0.1 |
VLU | SPDR S&P 1500 Value Tilt ETF | 38.0 | 12 | 8 | 6.2 | +1.1 |
IYY | iShares Dow Jones U.S. ETF | 37.8 | 20 | 0 | 4.5 | -0.5 |
SCHK | Schwab 1000 Index ETF | 37.8 | 5 | 15 | 4.7 | -0.4 |
ESGV | Vanguard ESG U.S. Stock ETF | 37.8 | 12 | 8 | 4.6 | -0.5 |
VTHR | Vanguard Russell 3000 Index Fund | 37.5 | 10 | 10 | 4.5 | -0.6 |
IUSV | iShares Core S&P U.S. Value ETF | 37.3 | 4 | 16 | 6.4 | +1.4 |
FNDX | Schwab Fundamental U.S. Large Co. Index ETF | 37.1 | 25 | -5 | 5.8 | +0.8 |
IWV | iShares Russell 3000 ETF | 37.1 | 20 | 0 | 4.4 | -0.7 |
SCHB | Schwab U.S. Broad Market ETF | 36.9 | 3 | 17 | 4.5 | -0.5 |
ITOT | iShares Core S&P Total U.S. Stock Market ETF | 36.8 | 3 | 17 | 4.5 | -0.6 |
VONE | Vanguard Russell 1000 ETF | 36.7 | 8 | 12 | 4.6 | -0.4 |
SCHX | Schwab U.S. Large-Cap ETF | 36.3 | 3 | 17 | 4.6 | -0.4 |
VTI | Vanguard Total Stock Market Index Fund | 36.2 | 3 | 17 | 4.5 | -0.6 |
ONEV | SPDR Russell 1000 Low Volatility Focus ETF | 35.9 | 20 | 0 | 6.2 | +1.2 |
SCHV | Schwab U.S. Large-Cap Value ETF | 35.1 | 4 | 16 | 6.1 | +1.0 |
FAB | First Trust Multi Cap Value AlphaDEX Fund | 34.9 | 71 | -51 | 7.5 | +2.5 |
MFUS | PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 34.9 | 30 | -10 | 5.1 | +0.1 |
SPTM | SPDR Portfolio Total Stock Market ETF | 34.6 | 3 | 17 | 4.9 | -0.2 |
IUS | Invesco Strategic US ETF | 34.3 | 19 | 1 | 5.5 | +0.5 |
PBUS | Invesco PureBeta MSCI USA ETF | 34.3 | 4 | 16 | 4.7 | -0.4 |
SPYV | SPDR Portfolio S&P 500 Value ETF | 33.9 | 4 | 16 | 6.4 | +1.4 |
IVE | iShares S&P 500 Value ETF | 33.9 | 18 | 2 | 6.3 | +1.2 |
SCHM | Schwab U.S. Mid-Cap ETF | 33.0 | 4 | 16 | 5.0 | 0.0 |
VOOV | Vanguard S&P 500 Value ETF | 33.0 | 10 | 10 | 6.6 | +1.5 |
BBUS | JP Morgan Betabuilders U.S. Equity ETF | 32.9 | 2 | 18 | 4.7 | -0.3 |
FEX | First Trust Large Cap Core AlphaDEX Fund | 32.8 | 60 | -40 | 4.7 | -0.3 |
PBP | Invesco S&P 500 BuyWrite ETF | 31.9 | 49 | -29 | 4.4 | -0.7 |
VFVA | Vanguard U.S. Value Factor ETF | 31.9 | 14 | 6 | 8.5 | +3.5 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 31.9 | 60 | -40 | 4.4 | -0.6 |
SPLG | SPDR Portfolio Large Cap ETF | 31.7 | 3 | 17 | 4.8 | -0.2 |
VV | Vanguard Large-Cap Index Fund | 31.7 | 4 | 16 | 4.7 | -0.4 |
SPY | SPDR S&P 500 ETF Trust | 31.6 | 9 | 11 | 4.8 | -0.3 |
IVV | iShares Core S&P 500 ETF | 31.6 | 3 | 17 | 4.8 | -0.2 |
RWL | Invesco S&P 500 Revenue ETF | 31.5 | 39 | -19 | 6.3 | +1.3 |
GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 31.4 | 9 | 11 | 4.9 | -0.1 |
VOO | VANGUARD S&P 500 ETF | 31.4 | 3 | 17 | 4.9 | -0.1 |
GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 31.4 | 7 | 13 | 4.6 | -0.4 |
QUS | SPDR MSCI USA StrategicFactors ETF | 31.4 | 15 | 5 | 5.3 | +0.3 |
AMCA | iShares Russell 1000 Pure U.S. Revenue ETF | 31.1 | 15 | 5 | 6.0 | +0.9 |
SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 30.9 | 20 | 0 | 4.9 | -0.2 |
TPLC | Timothy Plan US Large Cap Core ETF | 30.9 | 52 | -32 | 4.5 | -0.6 |
SPXT | ProShares S&P 500 Ex-Technology ETF | 30.9 | 27 | -7 | 4.9 | -0.1 |
SFY | SoFi Select 500 ETF | 30.8 | 0 | 20 | 4.6 | -0.4 |
EPS | WisdomTree U.S. Earnings 500 Fund | 30.6 | 8 | 12 | 6.0 | +1.0 |
DTD | WisdomTree U.S.Total Dividend Fund | 30.6 | 28 | -8 | 6.3 | +1.2 |
CATH | Global X S&P 500 Catholic Values Custom ETF | 30.5 | 29 | -9 | 4.7 | -0.4 |
SMMD | iShares Russell 2500 ETF | 30.3 | 15 | 5 | 4.7 | -0.3 |
RNLC | Large Cap US Equity Select ETF | 30.1 | 60 | -40 | 5.3 | +0.2 |
VB | Vanguard Small-Cap ETF | 29.7 | 5 | 15 | 4.5 | -0.6 |
SPXE | ProShares S&P 500 Ex-Energy ETF | 29.6 | 27 | -7 | 4.7 | -0.3 |
JMIN | JPMorgan U.S. Minimum Volatility ETF | 29.4 | 12 | 8 | 5.3 | +0.3 |
TOK | iShares MSCI Kokusai ETF | 29.0 | 25 | -5 | 5.0 | -0.1 |
KOKU | Xtrackers MSCI Kokusai Equity ETF | 28.9 | 9 | 11 | 5.1 | +0.1 |
ROUS | Hartford Multifactor US Equity ETF | 28.9 | 19 | 1 | 5.9 | +0.9 |
JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 28.8 | 20 | 0 | 4.7 | -0.4 |
VO | Vanguard Mid-Cap Index Fund | 28.6 | 4 | 16 | 4.6 | -0.5 |
SPXV | ProShares S&P 500 Ex-Health Care ETF | 28.6 | 27 | -7 | 4.4 | -0.7 |
PQLC | PGIM QMA Strategic Alpha Large-Cap Core ETF | 28.6 | 17 | 3 | 6.1 | +1.1 |
MXDU | Nationwide Maximum Diversification US Core Equity ETF | 28.3 | 34 | -14 | 4.4 | -0.7 |
URTH | iShares MSCI World ETF | 27.9 | 24 | -4 | 5.0 | -0.0 |
JVAL | JPMorgan U.S. Value Factor ETF | 27.9 | 12 | 8 | 7.2 | +2.2 |
SFYX | Sofi Next 500 ETF | 27.8 | 0 | 20 | 4.9 | -0.2 |
ONEY | SPDR Russell 1000 Yield Focus ETF | 27.8 | 20 | 0 | 7.2 | +2.2 |
SPXN | ProShares S&P 500 Ex-Financials ETF | 27.5 | 27 | -7 | 4.5 | -0.6 |
VTV | Vanguard Value Index Fund | 27.3 | 4 | 16 | 6.5 | +1.5 |
BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 27.2 | 7 | 13 | 3.9 | -1.1 |
JDIV | JPMorgan U.S. Dividend ETF | 27.2 | 12 | 8 | 6.7 | +1.7 |
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 | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
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 |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Invesco Russell 1000 Equal Weight 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™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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