Invesco Russell Top 200 Equal Weight ETF
ALTAR
Score™
6.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.8x P/Sales
ratio
1.6x
P/BV
ratio
2.2x 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) $63
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) $207,034
Large cap (>$10bn) 99.0%
Mid cap ($2-10bn) 1.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GENERAL ELECTRIC CO 1.2 %
FEDEX CORP 1.2 %
DANAHER CORP 1.2 %
SOUTHERN CO 1.2 %
EXELON CORP 1.1 %
GENERAL MOTORS CO 1.1 %
BLACKROCK INC 1.1 %
THERMO FISHER SCIENTIFIC INC 1.1 %
FORD MOTOR CO 1.1 %
DUKE ENERGY CORP 1.1 %
Total 11.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
IRELAND 1.9 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.0% 7.5% 12.6% -- 10.1%

Market Correlations
versus... Beta R-squared
S&P500 0.96 97%
MSCI EAFE 1.02 90%
MSCI Emg. Mkts. 0.72 70%

Technical Indicators
Recent close $60.02
30d moving avg. $60.70
Annualized volatility 17.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.3%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.3%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $138,008

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™: 6.3%


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 61.0 20 5 4.7 -1.6
IWL iShares Russell Top 200 ETF 52.2 15 10 4.8 -1.5
BKLC BNY Mellon US Large Cap Core Equity ETF 51.6 0 25 5.0 -1.3
MGC Vanguard Mega Cap Index Fund 51.5 7 18 5.0 -1.2
MGV Vanguard Mega Cap Value ETF 50.5 7 18 7.3 +1.0
IWX iShares Russell Top 200 Value ETF 50.3 20 5 6.8 +0.6
DIVB iShares U.S. Dividend & Buyback ETF 50.0 25 0 6.9 +0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 49.6 28 -3 6.5 +0.2
EPS WisdomTree U.S. Earnings 500 Fund 49.0 8 17 6.4 +0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 48.5 25 0 6.7 +0.4
HSPX Global X S&P 500 Covered Call ETF 48.0 60 -35 4.8 -1.5
VOOV Vanguard S&P 500 Value ETF 47.4 10 15 7.3 +1.1
USDY Pacific Global US Equity Income ETF 47.4 29 -4 7.0 +0.7
PBP Invesco S&P 500 BuyWrite ETF 47.2 49 -24 4.9 -1.4
XYLG Global X S&P 500 Covered Call & Growth ETF 47.0 60 -35 4.9 -1.4
PRF Invesco FTSE RAFI US 1000 ETF 46.8 39 -14 6.8 +0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 46.8 20 5 4.8 -1.5
SPY SPDR S&P 500 ETF Trust 46.7 9 16 5.2 -1.1
SPLG SPDR Portfolio Large Cap ETF 46.6 3 22 5.3 -1.0
DTD WisdomTree U.S.Total Dividend Fund 46.6 28 -3 6.7 +0.5
IVV iShares Core S&P 500 ETF 46.6 3 22 5.3 -1.0
RAFE PIMCO RAFI ESG U.S. ETF 46.4 29 -4 7.7 +1.5
VOO VANGUARD S&P 500 ETF 46.1 3 22 5.3 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 46.0 27 -2 5.1 -1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 45.9 20 5 5.2 -1.1
XLG Invesco S&P 500 Top 50 ETF 45.7 20 5 4.4 -1.9
FLQL Franklin LibertyQ U.S. Equity ETF 45.7 15 10 6.1 -0.1
IVE iShares S&P 500 Value ETF 45.7 18 7 7.2 +1.0
SPYV SPDR Portfolio S&P 500 Value ETF 45.7 4 21 7.4 +1.1
VTV Vanguard Value Index Fund 45.7 4 21 7.4 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 45.6 25 0 6.7 +0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 45.5 7 18 5.1 -1.2
SCHV Schwab U.S. Large-Cap Value ETF 45.4 4 21 6.8 +0.6
SPXT ProShares S&P 500 Ex-Technology ETF 45.3 27 -2 5.5 -0.8
SPXN ProShares S&P 500 Ex-Financials ETF 45.3 27 -2 4.8 -1.5
RWL Invesco S&P 500 Revenue ETF 44.8 39 -14 7.2 +1.0
EFIV SPDR S&P 500 ESG ETF 44.8 10 15 5.0 -1.3
SNPE Xtrackers S&P 500 ESG ETF 44.7 10 15 4.9 -1.3
VV Vanguard Large-Cap Index Fund 44.4 4 21 5.1 -1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 44.4 2 23 5.1 -1.2
QUS SPDR MSCI USA StrategicFactors ETF 44.3 15 10 5.8 -0.5
PBUS Invesco PureBeta MSCI USA ETF 44.3 4 21 5.1 -1.2
IUS Invesco Strategic US ETF 44.1 19 6 6.5 +0.2
SPTM SPDR Portfolio Total Stock Market ETF 43.9 3 22 5.4 -0.9
DGRO iShares Core Dividend Growth ETF 43.7 8 17 6.7 +0.4
IUSV iShares Core S&P U.S. Value ETF 43.7 4 21 7.5 +1.2
ESG FlexShares STOXX US ESG Impact Index Fund 43.6 32 -7 5.0 -1.3
ESGU iShares MSCI USA ESG Optimized ETF 43.3 15 10 4.9 -1.3
SCHX Schwab U.S. Large-Cap ETF 43.2 3 22 5.0 -1.2
VLU SPDR S&P 1500 Value Tilt ETF 43.1 12 13 7.3 +1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 42.9 29 -4 5.9 -0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 42.5 27 -2 4.9 -1.4
SCHK Schwab 1000 Index ETF 42.4 5 20 5.1 -1.2
SFY SoFi Select 500 ETF 42.4 0 25 5.0 -1.3
IWB iShares Russell 1000 ETF 42.4 15 10 5.0 -1.3
FDRR Fidelity Dividend ETF for Rising Rates 42.1 29 -4 6.8 +0.5
IYY iShares Dow Jones U.S. ETF 42.0 20 5 4.9 -1.3
FVAL Fidelity Value Factor ETF 41.7 29 -4 7.7 +1.4
VONE Vanguard Russell 1000 ETF 41.6 8 17 5.0 -1.2
VYM Vanguard High Dividend Yield Index ETF 41.6 6 19 7.5 +1.2
ESGV Vanguard ESG U.S. Stock ETF 41.5 12 13 5.0 -1.3
DGT SPDR Global Dow ETF 41.2 50 -25 7.4 +1.1
SPQQ Siren Large Cap Blend Index ETF 41.1 20 5 4.8 -1.5
JQUA JPMorgan U.S. Quality Factor ETF 40.8 12 13 5.4 -0.9
VTHR Vanguard Russell 3000 Index Fund 40.8 10 15 4.9 -1.4
FLLV Franklin Liberty U.S. Low Volatility ETF 40.7 29 -4 5.5 -0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 40.5 60 -35 4.0 -2.3
IWV iShares Russell 3000 ETF 40.4 20 5 4.8 -1.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 40.4 15 10 6.2 -0.1
SCHB Schwab U.S. Broad Market ETF 40.4 3 22 5.0 -1.3
VONV Vanguard Russell 1000 Value Index Fund 40.4 8 17 7.0 +0.7
IWD iShares Russell 1000 Value ETF 40.3 19 6 6.9 +0.6
IQSU IQ Candriam ESG US Equity ETF 40.2 9 16 4.9 -1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 40.2 3 22 4.9 -1.3
JKF iShares Morningstar Large Cap Value ETF 40.0 25 0 7.8 +1.5
NACP Impact Shares NAACP Minority Empowerment ETF 39.6 75 -50 4.8 -1.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 39.3 12 13 4.7 -1.6
CATH Global X S&P 500 Catholic Values Custom ETF 39.3 29 -4 5.0 -1.2
VTI Vanguard Total Stock Market Index Fund 39.2 3 22 4.9 -1.3
PFM Invesco Dividend Achievers ETF 38.8 53 -28 5.3 -0.9
FMK First Trust Mega Cap AlphaDEX Fund 38.6 70 -45 4.6 -1.7
QLC FlexShares US Quality Large Cap Index Fund 38.2 32 -7 5.1 -1.2
ROUS Hartford Multifactor US Equity ETF 37.5 19 6 6.4 +0.2
OUSA O'Shares FTSE US Quality Dividend ETF 37.2 48 -23 5.8 -0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 36.9 9 16 5.4 -0.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 36.8 19 6 6.0 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 36.8 12 13 4.6 -1.7
WOMN Impact Shares YWCA Women's Empowerment ETF 36.7 75 -50 4.2 -2.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 36.5 30 -5 6.6 +0.3
DEF Invesco Defensive Equity ETF 36.2 55 -30 5.2 -1.1
FQAL Fidelity Quality Factor ETF 36.0 29 -4 5.4 -0.9
JHML John Hancock Multifactor Large Cap ETF 35.6 29 -4 5.4 -0.9
VOOG Vanguard S&P 500 Growth ETF 35.3 10 15 4.2 -2.1
KRMA Global X Conscious Companies ETF 35.3 43 -18 5.1 -1.2
RECS Columbia Research Enhanced Core ETF 35.2 15 10 5.6 -0.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 35.0 25 0 6.2 -0.1
CLRG IQ Chaikin U.S. Large Cap ETF 34.7 25 0 5.8 -0.5
IVW iShares S&P 500 Growth ETF 34.7 18 7 16.9 +10.6
SPYG SPDR Portfolio S&P 500 Growth ETF 34.7 4 21 4.2 -2.0
ACIO Aptus Collared Income Opportunity ETF 34.7 79 -54 4.3 -2.0

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 2.1 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.51
 
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.