Invesco Russell 1000 Equal Weight ETF
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
30.7x P/Sales
ratio
1.4x
P/BV
ratio
2.1x Div.
yield
2.1%


  • 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) $426
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 989
Wgt avg mkt cap (mns) $32,799
Large cap (>$10bn) 53.5%
Mid cap ($2-10bn) 45.0%
Small cap (<$2bn) 1.3%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
ENPHASE ENERGY INC 0.4 %
FIRST SOLAR INC 0.3 %
BOSTON BEER COMPANY INC-CL A 0.3 %
SOLAREDGE TECHNOLOGIES, INC. 0.3 %
EQT CORP 0.3 %
APACHE CORP 0.3 %
HALLIBURTON CO 0.3 %
UIL HOLDINGS CORP 0.3 %
GCI LIBERTY, INC. CLASS A 0.3 %
VALVOLINE INC. 0.3 %
Total 3.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
BRITAIN 1.3 %
IRELAND 1.2 %
BERMUDA 0.4 %
LUXEMBOURG 0.3 %
CAYMAN ISLANDS 0.2 %
SWITZERLAND 0.1 %
NETHERLANDS 0.1 %
BRAZIL 0.1 %
PANAMA 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.8% 0.2% 6.6% -- 6.1%

Market Correlations
versus... Beta R-squared
S&P500 1.22 94%
MSCI EAFE 1.25 84%
MSCI Emg. Mkts. 0.90 71%

Technical Indicators
Recent close $32.89
30d moving avg. $31.54
Annualized volatility 21.6%
Short interest (ETF) 0.3%
Short interest (Underlying) 5.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.2%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $272,593

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 5.4%


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
(%)
ONEO SPDR Russell 1000 Momentum Focus ETF 58.9 20 0 6.2 +0.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 56.9 29 -9 6.7 +1.3
IWR iShares Russell Midcap ETF 56.4 19 1 5.5 +0.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 54.3 17 3 6.2 +0.7
EUSA iShares MSCI USA Equal Weighted ETF 54.2 15 5 6.0 +0.6
SIZE iShares Edge MSCI USA Size Factor ETF 54.1 15 5 6.1 +0.6
RSP Invesco S&P 500 Equal Weight ETF 49.7 20 0 6.5 +1.0
IWS iShares Russell Mid-Cap Value ETF 49.2 24 -4 7.0 +1.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 48.7 9 11 5.8 +0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 48.6 35 -15 5.6 +0.2
JHMM John Hancock Multifactor Mid Cap ETF 48.6 42 -22 5.5 +0.1
JHML John Hancock Multifactor Large Cap ETF 47.5 29 -9 5.4 -0.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 43.7 18 2 6.0 +0.6
VONV Vanguard Russell 1000 Value Index Fund 43.4 8 12 6.9 +1.5
IWD iShares Russell 1000 Value ETF 43.3 19 1 6.8 +1.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 43.2 24 -4 6.0 +0.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 42.4 4 16 5.4 -0.1
AVUS Avantis U.S. Equity ETF 42.1 15 5 5.5 +0.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 41.9 25 -5 6.3 +0.8
VONE Vanguard Russell 1000 ETF 41.4 8 12 5.0 -0.5
IWB iShares Russell 1000 ETF 41.3 15 5 4.9 -0.5
PRF Invesco FTSE RAFI US 1000 ETF 41.2 39 -19 6.6 +1.2
TUSA First Trust Total US Market AlphaDEX ETF 41.2 70 -50 5.7 +0.3
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 40.5 35 -15 5.7 +0.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 40.4 20 0 6.8 +1.3
IYY iShares Dow Jones U.S. ETF 40.1 20 0 5.0 -0.5
IWV iShares Russell 3000 ETF 40.1 20 0 4.8 -0.6
SCHK Schwab 1000 Index ETF 40.1 5 15 5.1 -0.4
VTHR Vanguard Russell 3000 Index Fund 40.0 10 10 4.9 -0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 40.0 25 -5 6.2 +0.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 39.9 30 -10 6.3 +0.8
VLU SPDR S&P 1500 Value Tilt ETF 39.9 12 8 7.2 +1.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 39.9 29 -9 7.8 +2.4
SCHB Schwab U.S. Broad Market ETF 39.6 3 17 5.0 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 39.5 3 17 5.0 -0.5
VTI Vanguard Total Stock Market Index Fund 39.3 3 17 4.9 -0.5
SCIU Global X Scientific Beta US ETF 38.8 19 1 5.6 +0.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 38.8 35 -15 5.2 -0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 38.7 25 -5 6.2 +0.8
SCHX Schwab U.S. Large-Cap ETF 38.3 3 17 5.1 -0.3
SCHM Schwab U.S. Mid-Cap ETF 37.5 4 16 6.0 +0.6
IUS Invesco Strategic US ETF 37.1 19 1 6.3 +0.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 36.9 29 -9 5.8 +0.4
PBUS Invesco PureBeta MSCI USA ETF 36.8 4 16 5.1 -0.4
IUSV iShares Core S&P U.S. Value ETF 36.6 4 16 7.3 +1.9
SPTM SPDR Portfolio Total Stock Market ETF 36.0 3 17 5.3 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 35.6 9 11 5.3 -0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 35.2 2 18 5.1 -0.3
FEX First Trust Large Cap Core AlphaDEX Fund 35.1 60 -40 5.8 +0.4
SMMD iShares Russell 2500 ETF 34.8 15 5 5.6 +0.2
VV Vanguard Large-Cap Index Fund 34.8 4 16 5.0 -0.4
RWL Invesco S&P 500 Revenue ETF 34.2 39 -19 7.0 +1.6
RNLC Large Cap US Equity Select ETF 34.1 60 -40 6.1 +0.6
ESGV Vanguard ESG U.S. Stock ETF 33.7 12 8 4.9 -0.5
PBP Invesco S&P 500 BuyWrite ETF 33.5 49 -29 4.8 -0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 33.4 7 13 5.0 -0.4
VB Vanguard Small-Cap ETF 33.4 5 15 5.2 -0.2
SPYV SPDR Portfolio S&P 500 Value ETF 33.2 4 16 7.3 +1.8
IVE iShares S&P 500 Value ETF 33.2 18 2 7.1 +1.7
VOOV Vanguard S&P 500 Value ETF 33.2 15 5 7.1 +1.7
HSPX Global X S&P 500 Covered Call ETF 33.2 65 -45 4.7 -0.8
JMIN JPMorgan U.S. Minimum Volatility ETF 33.1 12 8 5.4 -0.1
SPLG SPDR Portfolio Large Cap ETF 33.0 3 17 5.2 -0.2
SPY SPDR S&P 500 ETF Trust 33.0 9 11 5.2 -0.3
IVV iShares Core S&P 500 ETF 33.0 4 16 5.2 -0.2
SPXT ProShares S&P 500 Ex-Technology ETF 33.0 27 -7 5.4 0.0
VOO VANGUARD S&P 500 ETF 32.9 3 17 5.2 -0.2
QUS SPDR MSCI USA StrategicFactors ETF 32.8 15 5 5.7 +0.2
SFY SoFi Select 500 ETF 32.8 0 20 5.0 -0.4
DTD WisdomTree U.S.Total Dividend Fund 32.7 28 -8 6.5 +1.0
EPS WisdomTree U.S. Earnings 500 Fund 32.4 8 12 6.3 +0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 32.0 20 0 5.1 -0.3
SCHV Schwab U.S. Large-Cap Value ETF 32.0 4 16 7.1 +1.6
FAB First Trust Multi Cap Value AlphaDEX Fund 31.9 71 -51 9.7 +4.3
CATH Global X S&P 500 Catholic Values Custom ETF 31.8 29 -9 5.0 -0.4
SFYX Sofi Next 500 ETF 31.7 0 20 5.7 +0.3
SPXE ProShares S&P 500 Ex-Energy ETF 31.6 27 -7 5.1 -0.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 31.5 17 3 6.3 +0.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 31.3 29 -9 9.4 +3.9
MXDU Nationwide Maximum Diversification US Core Equity ETF 31.1 34 -14 4.7 -0.8
SPXN ProShares S&P 500 Ex-Financials ETF 31.0 27 -7 4.8 -0.7
KOKU Xtrackers MSCI Kokusai Equity ETF 31.0 9 11 5.5 +0.1
TOK iShares MSCI Kokusai ETF 30.7 25 -5 5.4 -0.0
VXF Vanguard Extended Market Index Fund 30.6 7 13 3.5 -1.9
VO Vanguard Mid-Cap Index Fund 30.4 4 16 5.1 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 30.3 15 5 4.9 -0.5
RBUS Nationwide Risk-Based U.S. Equity ETF 30.0 30 -10 4.6 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 29.7 27 -7 4.8 -0.7
URTH iShares MSCI World ETF 29.6 24 -4 5.5 +0.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 29.6 7 13 5.3 -0.1
ROUS Hartford Multifactor US Equity ETF 29.3 19 1 7.0 +1.6
JDIV JPMorgan U.S. Dividend ETF 29.3 12 8 7.7 +2.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 29.2 15 5 6.7 +1.2
VTV Vanguard Value Index Fund 28.9 4 16 7.3 +1.8
JVAL JPMorgan U.S. Value Factor ETF 28.4 12 8 8.5 +3.0
EXT WisdomTree U.S. Total Earnings Fund 28.4 28 -8 5.0 -0.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 28.3 66 -46 2.2 -3.2
VFVA Vanguard U.S. Value Factor ETF 28.1 14 6 11.0 +5.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 28.0 12 8 4.4 -1.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 28.0 20 0 4.7 -0.7

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 2.0 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.52
 
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.