Invesco Russell 1000 Equal Weight ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
28.6x P/Sales
ratio
1.7x
P/BV
ratio
2.3x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium 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.

FUND BASICS
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

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon/The
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
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%

TOP TEN HOLDINGS
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 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.6 %
BRITAIN 1.1 %
IRELAND 0.7 %
BERMUDA 0.5 %
CAYMAN ISLANDS 0.2 %
SWITZERLAND 0.1 %
NETHERLANDS 0.1 %
LUXEMBOURG 0.1 %
PUERTO RICO 0.1 %
CHINA 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
16.5% 16.5% 12.3% -- 9.3%

Market Correlations
versus... Beta R-squared
S&P500 1.20 92%
MSCI EAFE 1.16 84%
MSCI Emg. Mkts. 0.96 74%

Technical Indicators
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

Liquidity measures
Avg. volume (thou.) 46
Turnover 0.3%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $317,138

Distributions


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%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EQAL
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
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 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™


Calculation of ALTAR Score™
Avg. Return on Equity 11.1 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.49
 
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.