Invesco S&P MidCap Quality ETF
ALTAR
Score™
7.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
15.8x P/Sales
ratio
1.4x
P/BV
ratio
2.1x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Dynamic Mid Cap Portfolio seeks investment results that correspond to the price and yield of the Dynamic Mid Cap Intellidex, which evaluates companies by analyzing numerous financial

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Dec 01, 2006
Assets (mns) $19
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 80
Wgt avg mkt cap (mns) $5,789
Large cap (>$10bn) 9.4%
Mid cap ($2-10bn) 84.2%
Small cap (<$2bn) 6.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FACTSET RESEARCH SYSTEMS INC 4.0 %
TERADYNE INC 3.8 %
MOLINA HEALTHCARE INC 3.7 %
WEST PHARMACEUTICAL SERVICES 3.4 %
TELEDYNE TECHNOLOGIES INC 3.1 %
MASIMO CORPORATION 2.8 %
GRACO INC 2.7 %
CIENA CORP 2.4 %
FAIR ISAAC CORP 2.4 %
POOL CORP 2.2 %
Total 30.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.6 %
BRITAIN 1.4 %
BERMUDA 0.9 %
NETHERLANDS 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.9% -15.7% -- -- 2.5%

Market Correlations
versus... Beta R-squared
S&P500 1.03 92%
MSCI EAFE 0.95 76%
MSCI Emg. Mkts. 0.69 59%

Technical Indicators
Recent close $38.95
30d moving avg. $43.77
Annualized volatility 16.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.8%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.4%
Bid/Ask (% of price) 1.48%
ADV underlying (mns) $4,001

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P MidCap Quality ETF ETF based on the alternatives' overlap in portfolio holdings with EQWM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EQWM Expense: 25 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EQWM
Ticker Fund
Name
Overlap1
vs EQWM
(%)
Expense
ratio
(bp)
Savings
vs EQWM
(bp)
ALTAR
Score™
(%)
ALTAR
vs EQWM
(%)
XMMO Invesco S&P MidCap Momentum ETF 37.4 39 -14 5.4 -1.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 33.2 15 10 6.9 -0.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 33.1 15 10 6.9 -0.1
IJK iShares S&P Mid-Cap 400 Growth ETF 33.1 24 1 6.8 -0.2
RFG Invesco S&P Midcap 400 Pure Growth ETF 28.0 35 -10 6.2 -0.8
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 27.0 40 -15 8.2 +1.1
MDY SPDR S&P Midcap 400 ETF Trust 25.5 23 2 9.1 +2.1
SPMD SPDR Portfolio Mid Cap ETF 25.3 5 20 9.3 +2.3
IJH iShares Core S&P Mid-Cap ETF 25.3 6 19 9.3 +2.3
IVOO Vanguard S&P Mid-Cap 400 ETF 25.2 10 15 9.3 +2.3
SMDY Syntax Stratified MidCap ETF 23.0 30 -5 9.4 +2.4
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 22.5 48 -23 9.1 +2.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 22.1 60 -35 13.1 +6.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 21.7 40 -15 10.0 +3.0
AFMC First Trust Active Factor Mid Cap ETF 18.5 65 -40 10.0 +3.0
RWK Invesco S&P MidCap 400 Revenue ETF 17.7 39 -14 12.0 +5.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 17.2 35 -10 7.9 +0.9
FNY First Trust Mid Cap Growth AlphaDEX Fund 16.3 70 -45 4.7 -2.4
MDYV SPDR S&P 400 Mid Cap Value ETF 15.4 15 10 12.4 +5.4
IJJ iShares S&P Mid-Cap 400 Value ETF 15.4 25 0 12.3 +5.3
OSCV Opus Small Cap Value Plus ETF 14.9 79 -54 8.4 +1.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 14.6 15 10 12.5 +5.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 14.4 20 5 10.5 +3.5
FNX First Trust Mid Cap Core AlphaDEX Fund 14.4 61 -36 10.5 +3.5
VSDA VictoryShares Dividend Accelerator ETF 14.3 35 -10 5.9 -1.2
RNMC Mid Cap US Equity Select ETF 13.9 60 -35 10.3 +3.3
XMLV Invesco S&P MidCap Low Volatility ETF 13.9 25 0 8.4 +1.4
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 13.6 35 -10 9.4 +2.4
SFYX Sofi Next 500 ETF 13.3 0 25 8.3 +1.3
PEXL Pacer US Export Leaders ETF 13.0 60 -35 9.2 +2.2
EZM WisdomTree U.S. MidCap Earnings Fund 12.9 38 -13 14.2 +7.2
PRN Invesco DWA Industrials Momentum ETF 12.5 60 -35 6.4 -0.6
VBK Vanguard Small-Cap Growth Index Fund 12.4 7 18 3.9 -3.1
FSMD Fidelity Small-Mid Factor ETF 11.9 29 -4 10.1 +3.1
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 11.8 63 -38 9.8 +2.8
JHSC John Hancock Multifactor Small Cap ETF 11.6 50 -25 8.9 +1.9
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 11.6 30 -5 10.9 +3.9
SCHM Schwab U.S. Mid-Cap ETF 11.3 4 21 9.2 +2.2
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 11.2 39 -14 8.9 +1.9
FNK First Trust Mid Cap Value AlphaDEX Fund 11.2 70 -45 16.4 +9.4
VB Vanguard Small-Cap ETF 11.1 5 20 8.2 +1.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 11.0 17 8 7.4 +0.3
QMOM Alpha Architect U.S. Quantitative Momentum ETF 10.9 49 -24 5.1 -1.9
PXMV Invesco S&P MidCap Value with Momentum ETF 10.7 39 -14 14.2 +7.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 10.4 6 19 8.1 +1.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 10.1 20 5 7.9 +0.9
VBR Vanguard Small Cap Value Index Fund 10.1 7 18 12.3 +5.3
IUSS Invesco Strategic US Small Company ETF 10.0 23 2 9.1 +2.1
PDP Invesco DWA Momentum ETF 9.6 62 -37 3.8 -3.2
NUSC Nuveen ESG Small-Cap ETF 9.5 40 -15 7.6 +0.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 9.3 25 0 9.9 +2.9
JKK iShares Morningstar Small-Cap Growth ETF 9.2 30 -5 2.2 -4.8
JKJ iShares Morningstar Small-Cap ETF 9.1 25 0 9.3 +2.3
TPLC Timothy Plan US Large Cap Core ETF 9.0 52 -27 7.5 +0.5
DON WisdomTree U.S. MidCap Dividend Fund 8.9 38 -13 11.2 +4.2
XHS SPDR S&P Health Care Services ETF 8.9 35 -10 7.7 +0.7
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 8.7 30 -5 8.7 +1.7
KLCD KFA Large Cap Quality Dividend Index ETF 8.7 41 -16 6.8 -0.2
VXF Vanguard Extended Market Index Fund 8.7 7 18 6.0 -1.0
ONEO SPDR Russell 1000 Momentum Focus ETF 8.5 20 5 9.6 +2.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 8.4 24 1 8.5 +1.5
JKL iShares Morningstar Small Cap Value ETF 8.4 30 -5 15.4 +8.4
PTH Invesco DWA Healthcare Momentum ETF 8.2 60 -35 -3.0 -10.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 8.2 20 5 9.7 +2.7
IHF iShares U.S. Healthcare Providers ETF 8.1 43 -18 9.7 +2.7
BFOR Barron's 400 ETF 8.0 66 -41 9.2 +2.2
VFQY Vanguard U.S. Quality Factor ETF 8.0 13 12 8.7 +1.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 7.8 17 8 9.2 +2.2
SDY SPDR S&P Dividend ETF 7.8 35 -10 8.2 +1.2
JKH iShares Morningstar Mid-Cap Growth ETF 7.7 30 -5 3.6 -3.4
FXO First Trust Financials AlphaDEX Fund 7.7 63 -38 14.4 +7.4
KCE SPDR S&P Capital Markets ETF 7.6 35 -10 10.7 +3.7
FTXL First Trust Nasdaq Semiconductor ETF 7.6 60 -35 7.2 +0.2
JHMM John Hancock Multifactor Mid Cap ETF 7.5 44 -19 8.4 +1.4
JHMI John Hancock Multifactor Industrials ETF 7.4 40 -15 8.7 +1.7
QGRO American Century STOXX U.S. Quality Growth ETF 7.2 29 -4 4.6 -2.4
SMMD iShares Russell 2500 ETF 7.1 15 10 8.2 +1.2
RFV Invesco S&P Midcap 400 Pure Value ETF 7.1 35 -10 16.9 +9.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 7.0 66 -41 4.3 -2.7
VFMF Vanguard U.S. Multifactor ETF 7.0 18 7 11.2 +4.2
ETHO Etho Climate Leadership U.S. ETF 7.0 47 -22 6.8 -0.2
QVM Arrow QVM Equity Factor ETF 6.8 65 -40 15.0 +8.0
KNOW Direxion All Cap Insider Sentiment Shares 6.8 59 -34 7.3 +0.3
FXH First Trust Health Care AlphaDEX Fund 6.8 62 -37 6.6 -0.4
SCHA Schwab U.S. Small-Cap ETF 6.8 4 21 7.5 +0.5
USMF WisdomTree U.S. Multifactor Fund 6.7 28 -3 8.3 +1.3
PVAL Principal Contrarian Value Index ETF 6.6 29 -4 10.8 +3.8
AVUV Avantis U.S. Small Cap Value ETF 6.5 25 0 13.9 +6.9
PY Principal Shareholder Yield Index ETF 6.4 29 -4 12.9 +5.9
FXL First Trust Technology AlphaDEX Fund 6.4 61 -36 5.6 -1.4
VTWG Vanguard Russell 2000 Growth Index Fund 6.3 15 10 1.8 -5.2
IWO iShares Russell 2000 Growth ETF 6.3 24 1 1.6 -5.5
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 6.2 25 0 10.3 +3.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 6.2 24 1 11.3 +4.3
NUMG Nuveen ESG Mid-Cap Growth ETF 6.1 40 -15 4.6 -2.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 6.1 29 -4 9.4 +2.4
VAMO Cambria Value & Momentum ETF 6.0 64 -39 9.7 +2.7
LEAD Reality Shares DIVCON Leaders Dividend ETF 6.0 43 -18 5.7 -1.3
TMDV ProShares Russell US Dividend Growers ETF 6.0 35 -10 6.7 -0.3
GARD Reality Shares DIVCON Dividend Guard ETF 6.0 129 -104 4.8 -2.2

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 S&P MidCap Quality ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.0 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 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.