Invesco Russell Top 200 Equal Weight ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.8x P/Sales
ratio
1.7x
P/BV
ratio
2.3x Div.
yield
2.8%


  • 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) $61
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) $183,114
Large cap (>$10bn) 99.1%
Mid cap ($2-10bn) 0.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PAYPAL HOLDINGS INC 1.3 %
LOWE'S COS INC 1.3 %
DOW CHEMICAL 1.3 %
FACEBOOK 1.2 %
CAPITAL ONE FINANCIAL CORP 1.2 %
AMERICAN INTERNATIONAL GROUP 1.2 %
NVIDIA CORP 1.2 %
SCHLUMBERGER LTD 1.1 %
EMERSON ELECTRIC CO 1.1 %
CONOCOPHILLIPS 1.1 %
Total 12.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.0 %
IRELAND 2.0 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.9% 7.9% -- -- 8.9%

Market Correlations
versus... Beta R-squared
S&P500 0.98 97%
MSCI EAFE 1.02 90%
MSCI Emg. Mkts. 0.74 73%

Technical Indicators
Recent close $58.04
30d moving avg. $53.72
Annualized volatility 16.8%
Short interest (ETF) 0.5%
Short interest (Underlying) 2.3%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.3%
Bid/Ask (% of price) 0.48%
ADV underlying (mns) $145,899

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 63.5 20 5 4.9 -1.0
IWL iShares Russell Top 200 ETF 55.6 15 10 5.1 -0.8
MGC Vanguard Mega Cap Index Fund 53.6 7 18 5.3 -0.6
PBP Invesco S&P 500 BuyWrite ETF 51.8 49 -24 5.1 -0.8
HSPX Global X S&P 500 Covered Call ETF 50.9 65 -40 4.9 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 50.1 8 17 6.4 +0.5
DIVB iShares U.S. Dividend & Buyback ETF 49.7 25 0 6.3 +0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 49.2 28 -3 6.3 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 49.0 20 5 5.0 -0.9
SPLG SPDR Portfolio Large Cap ETF 48.9 3 22 5.5 -0.4
IVV iShares Core S&P 500 ETF 48.8 4 21 5.5 -0.4
SPY SPDR S&P 500 ETF Trust 48.8 9 16 5.4 -0.5
VOO VANGUARD S&P 500 ETF 48.6 3 22 5.5 -0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 48.4 25 0 6.4 +0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 48.2 20 5 5.5 -0.4
MGV Vanguard Mega Cap Value ETF 48.1 7 18 7.0 +1.1
SPXE ProShares S&P 500 Ex-Energy ETF 47.9 27 -2 5.4 -0.5
VV Vanguard Large-Cap Index Fund 47.7 4 21 5.3 -0.6
SNPE Xtrackers S&P 500 ESG ETF 47.5 11 14 5.2 -0.7
SPXN ProShares S&P 500 Ex-Financials ETF 47.5 27 -2 5.1 -0.8
PBUS Invesco PureBeta MSCI USA ETF 47.5 4 21 5.3 -0.6
USDY Pacific Global US Equity Income ETF 47.3 29 -4 7.5 +1.6
PRF Invesco FTSE RAFI US 1000 ETF 47.0 39 -14 6.6 +0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 46.8 2 23 5.4 -0.5
SPXT ProShares S&P 500 Ex-Technology ETF 46.7 27 -2 5.6 -0.3
XLG Invesco S&P 500 Top 50 ETF 46.7 20 5 4.7 -1.2
DTD WisdomTree U.S.Total Dividend Fund 46.2 28 -3 6.5 +0.6
SCHX Schwab U.S. Large-Cap ETF 46.2 3 22 5.4 -0.5
IWX iShares Russell Top 200 Value ETF 46.1 20 5 6.9 +1.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 46.0 25 0 6.4 +0.5
SPTM SPDR Portfolio Total Stock Market ETF 45.9 3 22 5.6 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 45.9 15 10 5.1 -0.8
IUS Invesco Strategic US ETF 45.6 19 6 6.2 +0.3
RAFE PIMCO RAFI ESG U.S. ETF 45.6 29 -4 7.5 +1.6
SPYV SPDR Portfolio S&P 500 Value ETF 45.6 4 21 7.2 +1.3
IVE iShares S&P 500 Value ETF 45.6 18 7 7.0 +1.1
VTV Vanguard Value Index Fund 45.5 4 21 7.1 +1.2
IWB iShares Russell 1000 ETF 45.2 15 10 5.2 -0.7
VOOV Vanguard S&P 500 Value ETF 45.2 15 10 7.1 +1.2
DGRO iShares Core Dividend Growth ETF 45.1 8 17 6.4 +0.5
SCHK Schwab 1000 Index ETF 45.0 5 20 5.3 -0.6
VONE Vanguard Russell 1000 ETF 44.8 8 17 5.3 -0.6
SCHV Schwab U.S. Large-Cap Value ETF 44.8 4 21 6.9 +1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 44.7 27 -2 5.1 -0.8
IYY iShares Dow Jones U.S. ETF 44.6 20 5 5.2 -0.7
SFY SoFi Select 500 ETF 44.3 0 25 5.3 -0.6
IUSV iShares Core S&P U.S. Value ETF 43.9 4 21 7.2 +1.3
RWL Invesco S&P 500 Revenue ETF 43.8 39 -14 6.7 +0.8
DGT SPDR Global Dow ETF 43.7 50 -25 6.8 +0.9
VLU SPDR S&P 1500 Value Tilt ETF 43.5 12 13 7.1 +1.3
QUS SPDR MSCI USA StrategicFactors ETF 43.3 15 10 5.8 -0.1
FDRR Fidelity Dividend ETF for Rising Rates 43.3 29 -4 6.9 +1.0
SCHB Schwab U.S. Broad Market ETF 43.2 3 22 5.3 -0.6
VTI Vanguard Total Stock Market Index Fund 43.2 3 22 5.2 -0.7
IWV iShares Russell 3000 ETF 43.2 20 5 5.1 -0.8
JQUA JPMorgan U.S. Quality Factor ETF 43.2 12 13 5.2 -0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 43.1 3 22 5.2 -0.7
FLQL Franklin LibertyQ U.S. Equity ETF 43.0 15 10 6.2 +0.3
VTHR Vanguard Russell 3000 Index Fund 42.8 10 15 5.2 -0.7
ESG FlexShares STOXX US ESG Impact Index Fund 42.8 32 -7 5.2 -0.7
CATH Global X S&P 500 Catholic Values Custom ETF 42.6 29 -4 5.3 -0.6
IQSU IQ Candriam ESG US Equity ETF 42.2 9 16 5.3 -0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 42.1 15 10 6.2 +0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 41.4 12 13 5.1 -0.8
RECS Columbia Research Enhanced Core ETF 41.0 15 10 5.6 -0.3
FQAL Fidelity Quality Factor ETF 40.9 29 -4 5.4 -0.5
JKF iShares Morningstar Large Cap Value ETF 40.4 25 0 7.5 +1.6
NACP Impact Shares NAACP Minority Empowerment ETF 40.2 75 -50 4.5 -1.4
VYM Vanguard High Dividend Yield Index ETF 40.2 6 19 7.1 +1.2
ESGV Vanguard ESG U.S. Stock ETF 40.0 12 13 5.3 -0.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 39.8 12 13 4.9 -1.0
IWY iShares Russell Top 200 Growth ETF 39.4 20 5 4.3 -1.6
FLLV Franklin Liberty U.S. Low Volatility ETF 39.2 29 -4 5.6 -0.3
FVAL Fidelity Value Factor ETF 39.1 29 -4 8.0 +2.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 39.0 9 16 5.6 -0.3
DEF Invesco Defensive Equity ETF 38.9 55 -30 5.1 -0.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 38.6 25 0 6.1 +0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 38.3 60 -35 4.6 -1.3
CLRG IQ Chaikin U.S. Large Cap ETF 38.1 25 0 6.0 +0.1
PFM Invesco Dividend Achievers ETF 38.1 54 -29 5.3 -0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 37.9 19 6 5.6 -0.3
OUSA O'Shares FTSE US Quality Dividend ETF 37.9 48 -23 5.7 -0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 37.8 29 -4 6.1 +0.2
IWD iShares Russell 1000 Value ETF 37.7 19 6 6.9 +1.0
VONV Vanguard Russell 1000 Value Index Fund 37.2 8 17 7.0 +1.1
SPYG SPDR Portfolio S&P 500 Growth ETF 37.2 4 21 4.5 -1.4
QLC FlexShares US Quality Large Cap Index Fund 37.1 32 -7 5.5 -0.4
JHML John Hancock Multifactor Large Cap ETF 37.1 34 -9 5.5 -0.4
IVW iShares S&P 500 Growth ETF 37.1 18 7 4.3 -1.6
VOOG Vanguard S&P 500 Growth ETF 37.1 10 15 4.4 -1.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 37.0 30 -5 6.6 +0.8
WOMN Impact Shares YWCA Women's Empowerment ETF 37.0 75 -50 4.5 -1.4
RFFC RiverFront Dynamic US Flex-Cap ETF 36.7 52 -27 5.4 -0.5
KRMA Global X Conscious Companies ETF 36.5 43 -18 5.2 -0.7
ROUS Hartford Multifactor US Equity ETF 36.3 19 6 7.1 +1.2
EXT WisdomTree U.S. Total Earnings Fund 36.2 28 -3 5.7 -0.2
FMK First Trust Mega Cap AlphaDEX Fund 35.9 70 -45 5.2 -0.7
IUSG iShares Core S&P US Growth ETF 35.9 4 21 4.5 -1.4
ECOZ TrueMark ESG Active Opportunities ETF 35.8 58 -33 4.5 -1.4
TOK iShares MSCI Kokusai ETF 35.6 25 0 5.7 -0.2

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 13.4 %
Divided by: Fwd. P/BV 2.2 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
1.48 CATEGORY
AVERAGE
1.53
 
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.