Invesco Russell Top 200 Equal Weight ETF
ALTAR
Score™
5.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
21.6x P/Sales
ratio
2.1x
P/BV
ratio
2.8x Div.
yield
2.3%


  • 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) $73
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 101
Wgt avg mkt cap (mns) $235,681
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
TESLA MOTORS INC 1.3 %
GENERAL MOTORS CO 1.3 %
ELI LILLY & CO 1.2 %
FORD MOTOR CO 1.2 %
DOW CHEMICAL 1.2 %
GOLDMAN SACHS GROUP INC 1.2 %
PAYPAL HOLDINGS INC 1.1 %
MORGAN STANLEY 1.1 %
CAPITAL ONE FINANCIAL CORP 1.1 %
WALGREENS BOOTS ALLIANCE INC 1.1 %
Total 11.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
IRELAND 2.0 %









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.
13.8% 13.8% 14.3% -- 12.4%

Market Correlations
versus... Beta R-squared
S&P500 1.00 96%
MSCI EAFE 0.98 91%
MSCI Emg. Mkts. 0.76 69%

Technical Indicators
Recent close $70.66
30d moving avg. $69.13
Annualized volatility 19.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.3%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $163,589

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 5.6%


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 4.2 -1.4
MGV Vanguard Mega Cap Value ETF 54.1 7 18 6.5 +0.9
IWL iShares Russell Top 200 ETF 54.1 15 10 4.4 -1.2
MGC Vanguard Mega Cap Index Fund 53.8 7 18 4.6 -1.0
SIXA 6 Meridian Mega Cap Equity ETF 53.0 82 -57 5.8 +0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 52.8 0 25 4.4 -1.2
VOOV Vanguard S&P 500 Value ETF 52.5 10 15 6.6 +1.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 52.4 15 10 4.6 -1.0
IWX iShares Russell Top 200 Value ETF 52.1 20 5 6.1 +0.5
ESGV Vanguard ESG U.S. Stock ETF 50.2 12 13 4.5 -1.1
DIVB iShares U.S. Dividend & Buyback ETF 50.1 25 0 5.9 +0.3
PBP Invesco S&P 500 BuyWrite ETF 48.8 49 -24 4.3 -1.3
XYLG Global X S&P 500 Covered Call & Growth ETF 48.2 60 -35 4.4 -1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 48.0 25 0 5.7 +0.2
VTV Vanguard Value Index Fund 47.9 4 21 6.6 +1.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 47.8 20 5 4.6 -1.0
SPY SPDR S&P 500 ETF Trust 47.7 9 16 4.7 -0.9
IVV iShares Core S&P 500 ETF 47.7 3 22 4.7 -0.9
SPLG SPDR Portfolio Large Cap ETF 47.6 3 22 4.7 -0.9
SPYV SPDR Portfolio S&P 500 Value ETF 47.2 4 21 6.4 +0.8
IVE iShares S&P 500 Value ETF 47.2 18 7 6.3 +0.7
VOO VANGUARD S&P 500 ETF 47.1 3 22 4.8 -0.8
SPXE ProShares S&P 500 Ex-Energy ETF 47.0 27 -2 4.6 -1.0
QUS SPDR MSCI USA StrategicFactors ETF 46.8 15 10 5.3 -0.3
PRF Invesco FTSE RAFI US 1000 ETF 46.8 39 -14 5.8 +0.2
SPXT ProShares S&P 500 Ex-Technology ETF 46.7 27 -2 4.9 -0.7
SCHV Schwab U.S. Large-Cap Value ETF 46.6 4 21 6.1 +0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 46.6 7 18 4.5 -1.1
EPS WisdomTree U.S. Earnings 500 Fund 46.6 8 17 5.9 +0.3
XLG Invesco S&P 500 Top 50 ETF 46.3 20 5 4.0 -1.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 46.3 20 5 4.8 -0.8
FLQL Franklin LibertyQ U.S. Equity ETF 46.0 15 10 5.9 +0.3
SPXN ProShares S&P 500 Ex-Financials ETF 46.0 27 -2 4.3 -1.3
VV Vanguard Large-Cap Index Fund 45.9 4 21 4.6 -1.0
JKF iShares Morningstar Large Cap Value ETF 45.9 25 0 6.7 +1.1
ESG FlexShares STOXX US ESG Impact Index Fund 45.8 32 -7 4.4 -1.2
EFIV SPDR S&P 500 ESG ETF 45.7 10 15 4.6 -1.0
SNPE Xtrackers S&P 500 ESG ETF 45.6 10 15 4.6 -1.0
DLN WisdomTree U.S. LargeCap Dividend Fund 45.5 28 -3 6.1 +0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 45.5 2 23 4.6 -1.0
PBUS Invesco PureBeta MSCI USA ETF 45.5 4 21 4.6 -1.0
IUSV iShares Core S&P U.S. Value ETF 45.1 4 21 6.4 +0.8
RWL Invesco S&P 500 Revenue ETF 45.0 39 -14 6.3 +0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 44.9 25 0 5.7 +0.1
RAFE PIMCO RAFI ESG U.S. ETF 44.8 30 -5 6.7 +1.1
ESGU iShares MSCI USA ESG Optimized ETF 44.7 15 10 4.4 -1.2
SPTM SPDR Portfolio Total Stock Market ETF 44.5 3 22 4.8 -0.8
SCHX Schwab U.S. Large-Cap ETF 44.4 3 22 4.5 -1.1
SFY SoFi Select 500 ETF 44.1 0 25 4.6 -1.0
DGRO iShares Core Dividend Growth ETF 44.1 8 17 6.0 +0.4
VYM Vanguard High Dividend Yield Index ETF 43.9 6 19 6.7 +1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 43.7 27 -2 4.3 -1.3
SCHK Schwab 1000 Index ETF 43.5 5 20 4.6 -1.0
IWB iShares Russell 1000 ETF 43.5 15 10 4.4 -1.2
IYY iShares Dow Jones U.S. ETF 43.1 20 5 4.4 -1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 43.1 30 -5 5.0 -0.6
XVV iShares ESG Screened S&P 500 ETF 42.9 8 17 4.9 -0.7
IUS Invesco Strategic US ETF 42.9 19 6 5.5 -0.1
FDRR Fidelity Dividend ETF for Rising Rates 42.8 29 -4 5.9 +0.4
VLU SPDR S&P 1500 Value Tilt ETF 42.6 12 13 6.2 +0.6
DTD WisdomTree U.S.Total Dividend Fund 42.5 28 -3 6.2 +0.6
VTHR Vanguard Russell 3000 Index Fund 42.4 10 15 4.4 -1.2
VONV Vanguard Russell 1000 Value Index Fund 42.4 8 17 6.2 +0.6
FVAL Fidelity Value Factor ETF 42.4 29 -4 6.8 +1.2
SPQQ Siren Large Cap Blend Index ETF 42.1 20 5 4.2 -1.4
IQSU IQ Candriam ESG US Equity ETF 41.9 9 16 4.5 -1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 41.8 15 10 5.8 +0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 41.3 60 -35 3.6 -2.0
IWV iShares Russell 3000 ETF 41.1 20 5 4.3 -1.3
NACP Impact Shares NAACP Minority Empowerment ETF 41.1 49 -24 4.7 -0.9
SCHB Schwab U.S. Broad Market ETF 41.0 3 22 4.4 -1.2
IWD iShares Russell 1000 Value ETF 41.0 19 6 6.0 +0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 40.8 3 22 4.4 -1.2
DGT SPDR Global Dow ETF 40.8 50 -25 6.3 +0.7
VONE Vanguard Russell 1000 ETF 40.5 8 17 4.5 -1.1
CATH Global X S&P 500 Catholic Values Custom ETF 40.2 29 -4 4.6 -1.0
VTI Vanguard Total Stock Market Index Fund 40.1 3 22 4.4 -1.2
JQUA JPMorgan U.S. Quality Factor ETF 40.0 12 13 5.0 -0.6
FLLV Franklin Liberty U.S. Low Volatility ETF 39.4 29 -4 4.9 -0.7
DFAU Dimensional US Core Equity Market ETF 39.3 12 13 4.7 -0.9
OUSA O'Shares FTSE US Quality Dividend ETF 39.2 48 -23 5.5 -0.1
PFM Invesco Dividend Achievers ETF 39.0 53 -28 5.0 -0.6
QLC FlexShares US Quality Large Cap Index Fund 38.9 32 -7 4.4 -1.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 38.2 12 13 4.9 -0.7
HIPR Direxion High Growth ETF 37.9 40 -15 3.8 -1.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 37.8 30 -5 5.2 -0.4
ROUS Hartford Multifactor US Equity ETF 37.8 19 6 5.8 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 37.6 9 16 4.8 -0.8
WOMN Impact Shares YWCA Women's Empowerment ETF 37.3 75 -50 3.5 -2.1
FQAL Fidelity Quality Factor ETF 36.8 29 -4 5.0 -0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 36.6 19 6 5.3 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 36.4 12 13 4.0 -1.6
KRMA Global X Conscious Companies ETF 36.3 43 -18 4.9 -0.7
RECS Columbia Research Enhanced Core ETF 36.2 15 10 5.1 -0.5
JHML John Hancock Multifactor Large Cap ETF 36.1 29 -4 4.8 -0.8
DEF Invesco Defensive Equity ETF 35.7 55 -30 5.2 -0.4
ACIO Aptus Collared Income Opportunity ETF 35.6 79 -54 3.8 -1.8

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:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.8 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.