Invesco Russell Top 200 Equal Weight ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.4x P/Sales
ratio
1.8x
P/BV
ratio
2.4x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Dynamic Large Cap Portfolio is an open-end fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the Dynamic Large Cap Intellidex, which weights companies by analyzing numerous unique financial characteristics from four broad financial perspectives: fundamental, valuation, timeliness and risk.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Dec 01, 2006
Assets (mns) $64
Currency USD
Expense ratio 25 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 102
Wgt avg mkt cap (mns) $214,325
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITED PARCEL SERVICE-CL B 1.5 %
FEDEX CORP 1.3 %
APPLE INC 1.2 %
PAYPAL HOLDINGS INC 1.2 %
QUALCOMM INC 1.2 %
NVIDIA CORP 1.2 %
AMAZON.COM INC 1.2 %
THERMO FISHER SCIENTIFIC INC 1.1 %
DANAHER CORP 1.1 %
LOWE'S COS INC 1.1 %
Total 12.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
IRELAND 2.1 %









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.
-4.5% 3.9% -- -- 9.6%

Market Correlations
versus... Beta R-squared
S&P500 0.97 97%
MSCI EAFE 1.01 89%
MSCI Emg. Mkts. 0.70 71%

Technical Indicators
Recent close $60.53
30d moving avg. $58.03
Annualized volatility 16.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.3%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $129,466

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco Russell Top 200 Equal Weight ETF ETF based on the alternatives' overlap in portfolio holdings with EQWL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EQWL Expense: 25 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EQWL
Ticker Fund
Name
Overlap1
vs EQWL
(%)
Expense
ratio
(bp)
Savings
vs EQWL
(bp)
ALTAR
Score™
(%)
ALTAR
vs EQWL
(%)
OEF iShares S&P 100 ETF 62.9 20 5 4.6 -1.3
BKLC BNY Mellon US Large Cap Core Equity ETF 53.9 0 25 5.0 -0.9
IWL iShares Russell Top 200 ETF 53.9 15 10 4.8 -1.1
MGC Vanguard Mega Cap Index Fund 52.2 7 18 5.0 -0.9
MGV Vanguard Mega Cap Value ETF 50.9 7 18 7.0 +1.1
IWX iShares Russell Top 200 Value ETF 50.8 20 5 6.6 +0.7
USDY Pacific Global US Equity Income ETF 50.8 29 -4 7.0 +1.1
DIVB iShares U.S. Dividend & Buyback ETF 50.3 25 0 6.3 +0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 50.0 28 -3 6.2 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 49.8 8 17 6.2 +0.3
PBP Invesco S&P 500 BuyWrite ETF 49.6 49 -24 4.7 -1.2
FLQL Franklin LibertyQ U.S. Equity ETF 48.6 15 10 5.9 +0.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 48.6 25 0 6.1 +0.2
HSPX Global X S&P 500 Covered Call ETF 48.4 65 -40 4.6 -1.3
SPY SPDR S&P 500 ETF Trust 48.1 9 16 5.1 -0.8
IVV iShares Core S&P 500 ETF 48.0 4 21 5.2 -0.7
SPLG SPDR Portfolio Large Cap ETF 48.0 3 22 5.2 -0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 47.9 20 5 4.7 -1.2
XLG Invesco S&P 500 Top 50 ETF 47.9 20 5 4.3 -1.6
VOO VANGUARD S&P 500 ETF 47.9 3 22 5.2 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 47.5 39 -14 6.5 +0.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 47.3 20 5 5.1 -0.8
SPXE ProShares S&P 500 Ex-Energy ETF 47.3 27 -2 5.1 -0.8
DTD WisdomTree U.S.Total Dividend Fund 47.0 28 -3 6.4 +0.5
VTV Vanguard Value Index Fund 46.7 4 21 7.1 +1.2
SPXT ProShares S&P 500 Ex-Technology ETF 46.7 27 -2 5.4 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 46.7 27 -2 4.8 -1.1
SNPE Xtrackers S&P 500 ESG ETF 46.7 11 14 4.9 -1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 46.6 7 18 5.0 -0.9
RAFE PIMCO RAFI ESG U.S. ETF 46.6 29 -4 7.4 +1.5
SPYV SPDR Portfolio S&P 500 Value ETF 46.1 4 21 7.1 +1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 46.1 2 23 5.1 -0.8
IVE iShares S&P 500 Value ETF 46.0 18 7 7.0 +1.1
VOOV Vanguard S&P 500 Value ETF 45.9 15 10 7.0 +1.1
VV Vanguard Large-Cap Index Fund 45.9 4 21 5.0 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 45.8 25 0 6.1 +0.2
PBUS Invesco PureBeta MSCI USA ETF 45.7 4 21 5.1 -0.8
SCHV Schwab U.S. Large-Cap Value ETF 45.6 4 21 6.9 +1.0
ESG FlexShares STOXX US ESG Impact Index Fund 45.4 32 -7 4.9 -1.0
QUS SPDR MSCI USA StrategicFactors ETF 45.2 15 10 5.6 -0.3
SCHX Schwab U.S. Large-Cap ETF 45.2 3 22 5.1 -0.8
DGRO iShares Core Dividend Growth ETF 45.1 8 17 6.4 +0.5
SPTM SPDR Portfolio Total Stock Market ETF 45.1 3 22 5.3 -0.6
ESGU iShares MSCI USA ESG Optimized ETF 45.0 15 10 4.9 -1.0
RWL Invesco S&P 500 Revenue ETF 44.8 39 -14 6.8 +0.9
IUSV iShares Core S&P U.S. Value ETF 44.1 4 21 7.2 +1.3
SFY SoFi Select 500 ETF 44.1 0 25 5.0 -0.9
IUS Invesco Strategic US ETF 44.0 19 6 6.3 +0.4
SCHK Schwab 1000 Index ETF 44.0 5 20 5.1 -0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 44.0 27 -2 4.8 -1.1
VONE Vanguard Russell 1000 ETF 43.8 8 17 5.0 -0.9
FDRR Fidelity Dividend ETF for Rising Rates 43.7 29 -4 6.7 +0.8
IWB iShares Russell 1000 ETF 43.7 15 10 4.9 -1.0
VLU SPDR S&P 1500 Value Tilt ETF 43.6 12 13 7.0 +1.1
IYY iShares Dow Jones U.S. ETF 43.6 20 5 4.9 -1.0
DGT SPDR Global Dow ETF 43.4 50 -25 6.5 +0.6
VYM Vanguard High Dividend Yield Index ETF 43.0 6 19 7.2 +1.3
JQUA JPMorgan U.S. Quality Factor ETF 42.9 12 13 5.2 -0.7
SCHB Schwab U.S. Broad Market ETF 42.1 3 22 5.0 -0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 42.0 3 22 5.0 -0.9
CATH Global X S&P 500 Catholic Values Custom ETF 41.8 29 -4 5.0 -0.9
IWV iShares Russell 3000 ETF 41.7 20 5 4.8 -1.1
VTHR Vanguard Russell 3000 Index Fund 41.7 10 15 4.9 -1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 41.5 29 -4 5.8 -0.1
FLLV Franklin Liberty U.S. Low Volatility ETF 41.5 29 -4 5.6 -0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 41.5 15 10 6.0 +0.1
IQSU IQ Candriam ESG US Equity ETF 41.5 9 16 4.9 -1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 41.4 60 -35 4.0 -1.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 41.4 12 13 4.6 -1.3
DEF Invesco Defensive Equity ETF 41.0 55 -30 4.9 -1.0
VTI Vanguard Total Stock Market Index Fund 41.0 3 22 4.9 -1.0
IWD iShares Russell 1000 Value ETF 40.8 19 6 6.7 +0.8
VONV Vanguard Russell 1000 Value Index Fund 40.8 8 17 6.8 +0.9
FQAL Fidelity Quality Factor ETF 40.4 29 -4 5.3 -0.6
NACP Impact Shares NAACP Minority Empowerment ETF 40.3 75 -50 4.6 -1.3
QLC FlexShares US Quality Large Cap Index Fund 40.1 32 -7 5.2 -0.7
JKF iShares Morningstar Large Cap Value ETF 40.0 25 0 7.4 +1.5
PFM Invesco Dividend Achievers ETF 39.8 54 -29 5.2 -0.7
FVAL Fidelity Value Factor ETF 39.0 29 -4 7.6 +1.7
ESGV Vanguard ESG U.S. Stock ETF 38.5 12 13 4.9 -1.0
OUSA O'Shares FTSE US Quality Dividend ETF 38.4 48 -23 5.5 -0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 37.8 12 13 4.5 -1.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 37.8 9 16 5.3 -0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 37.2 19 6 5.8 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 37.0 30 -5 6.2 +0.3
CLRG IQ Chaikin U.S. Large Cap ETF 36.7 25 0 5.8 -0.1
RECS Columbia Research Enhanced Core ETF 36.7 15 10 5.4 -0.5
ROUS Hartford Multifactor US Equity ETF 36.7 19 6 6.9 +1.0
FMK First Trust Mega Cap AlphaDEX Fund 36.6 70 -45 4.7 -1.2
JHML John Hancock Multifactor Large Cap ETF 36.6 29 -4 5.3 -0.6
ACIO Aptus Collared Income Opportunity ETF 36.5 79 -54 4.1 -1.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 36.2 25 0 6.2 +0.3
ECOZ TrueMark ESG Active Opportunities ETF 36.2 58 -33 3.9 -2.0
VOOG Vanguard S&P 500 Growth ETF 36.2 10 15 4.1 -1.8
SPYG SPDR Portfolio S&P 500 Growth ETF 36.1 4 21 4.2 -1.7
IVW iShares S&P 500 Growth ETF 36.1 18 7 4.1 -1.8
KRMA Global X Conscious Companies ETF 36.1 43 -18 5.0 -0.9
FDVV Fidelity Core Dividend ETF 35.6 29 -4 6.9 +1.0
EXT WisdomTree U.S. Total Earnings Fund 35.4 28 -3 5.0 -0.9
DSI iShares MSCI KLD 400 Social ETF 35.3 25 0 5.0 -0.9

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 Top 200 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 14.1 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.