Invesco S&P MidCap Quality ETF
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.0x P/Sales
ratio
1.9x
P/BV
ratio
2.7x Div.
yield
1.4%


  • 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) $71
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 76
Wgt avg mkt cap (mns) $6,707
Large cap (>$10bn) 23.8%
Mid cap ($2-10bn) 72.7%
Small cap (<$2bn) 3.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FACTSET RESEARCH SYSTEMS INC 4.6 %
GENERAC HOLDINGS INC 3.5 %
COGNEX CORP 3.0 %
GRACO INC 3.0 %
NORDSON CORP 2.9 %
TRIMBLE NAVIGATION LTD 2.9 %
ROYAL GOLD INC 2.4 %
TREX COMPANY INC 2.3 %
DECKERS OUTDOOR CORP 2.3 %
GENTEX CORP 2.3 %
Total 29.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.2 %
BRITAIN 0.7 %









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.
2.7% 11.0% 10.7% -- 8.0%

Market Correlations
versus... Beta R-squared
S&P500 1.05 92%
MSCI EAFE 1.08 80%
MSCI Emg. Mkts. 0.76 63%

Technical Indicators
Recent close $59.23
30d moving avg. $56.37
Annualized volatility 19.4%
Short interest (ETF) 2.7%
Short interest (Underlying) 5.8%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.6%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $2,762

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 6.1%


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
(%)
IJK iShares S&P Mid-Cap 400 Growth ETF 75.8 24 1 4.7 -1.4
IJJ iShares S&P Mid-Cap 400 Value ETF 29.7 25 0 7.9 +1.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 24.7 15 10 4.8 -1.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 23.7 15 10 4.7 -1.3
XMMO Invesco S&P MidCap Momentum ETF 23.1 34 -9 3.8 -2.3
AFMC First Trust Active Factor Mid Cap ETF 21.6 65 -40 6.1 -0.0
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 21.3 41 -16 5.9 -0.1
MDY SPDR S&P Midcap 400 ETF Trust 20.5 23 2 6.1 +0.0
SPMD SPDR Portfolio Mid Cap ETF 20.4 5 20 6.3 +0.2
IJH iShares Core S&P Mid-Cap ETF 20.4 5 20 6.3 +0.2
XMLV Invesco S&P MidCap Low Volatility ETF 19.8 25 0 5.4 -0.7
IVOO Vanguard S&P Mid-Cap 400 ETF 19.7 10 15 6.1 -0.0
SMDY Syntax Stratified MidCap ETF 19.4 30 -5 6.5 +0.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 19.2 40 -15 7.0 +0.9
PXMV Invesco S&P MidCap Value with Momentum ETF 18.5 39 -14 9.2 +3.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 17.8 35 -10 3.8 -2.3
RWK Invesco S&P MidCap 400 Revenue ETF 16.2 39 -14 7.7 +1.6
MDYV SPDR S&P 400 Mid Cap Value ETF 15.1 15 10 8.1 +2.0
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 14.8 60 -35 7.5 +1.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 14.7 63 -38 5.8 -0.3
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 14.5 48 -23 6.1 +0.0
EZM WisdomTree U.S. MidCap Earnings Fund 13.9 38 -13 8.4 +2.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 13.4 15 10 8.0 +1.9
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 13.3 80 -55 5.5 -0.6
PAVE Global X U.S. Infrastructure Development ETF 12.7 47 -22 5.1 -1.0
RNMC Mid Cap US Equity Select ETF 12.6 60 -35 7.2 +1.2
FNK First Trust Mid Cap Value AlphaDEX Fund 12.0 70 -45 10.3 +4.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 12.0 30 -5 7.3 +1.2
BUL Pacer US Cash Cows Growth ETF 11.6 60 -35 6.6 +0.5
JKJ iShares Morningstar Small-Cap ETF 11.3 25 0 6.1 +0.0
JHSC John Hancock Multifactor Small Cap ETF 11.2 42 -17 5.3 -0.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 10.7 7 18 5.0 -1.1
FSMD Fidelity Small-Mid Factor ETF 10.7 29 -4 6.0 -0.1
PEXL Pacer US Export Leaders ETF 10.4 60 -35 5.8 -0.3
NUSC Nuveen ESG Small-Cap ETF 9.9 40 -15 4.6 -1.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 9.9 20 5 8.8 +2.8
SFYX Sofi Next 500 ETF 9.7 0 25 5.6 -0.5
FNX First Trust Mid Cap Core AlphaDEX Fund 9.6 61 -36 6.2 +0.1
DON WisdomTree U.S. MidCap Dividend Fund 9.4 38 -13 7.3 +1.2
CZA Invesco Zacks Mid-Cap ETF 9.2 69 -44 5.8 -0.3
JKL iShares Morningstar Small Cap Value ETF 9.2 30 -5 9.5 +3.4
VBR Vanguard Small Cap Value Index Fund 9.1 7 18 7.7 +1.6
BKSE BNY Mellon US Small Cap Core Equity ETF 9.0 4 21 5.5 -0.6
KLCD KFA Large Cap Quality Dividend Index ETF 8.9 42 -17 5.3 -0.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 8.9 17 8 4.6 -1.5
RFV Invesco S&P Midcap 400 Pure Value ETF 8.6 35 -10 8.9 +2.8
FXZ First Trust Materials AlphaDEX Fund 8.5 65 -40 6.8 +0.7
SCHM Schwab U.S. Mid-Cap ETF 8.5 4 21 5.7 -0.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 8.4 6 19 4.9 -1.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.7 25 0 7.0 +0.9
IUSS Invesco Strategic US Small Company ETF 7.6 23 2 5.0 -1.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 7.6 35 -10 5.7 -0.3
SDY SPDR S&P Dividend ETF 7.4 35 -10 6.8 +0.8
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 7.4 38 -13 8.2 +2.1
VUSE Vident Core US Equity Fund 7.4 48 -23 8.6 +2.5
VB Vanguard Small-Cap ETF 7.3 5 20 5.1 -1.0
AVUV Avantis U.S. Small Cap Value ETF 7.3 25 0 7.6 +1.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 7.3 30 -5 5.4 -0.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 7.1 65 -40 3.2 -2.9
PRN Invesco DWA Industrials Momentum ETF 7.1 60 -35 2.8 -3.3
PSC Principal U.S. Small Cap Index ETF 7.0 38 -13 6.5 +0.4
KCE SPDR S&P Capital Markets ETF 6.9 35 -10 8.8 +2.7
JKK iShares Morningstar Small-Cap Growth ETF 6.9 30 -5 1.0 -5.1
CWS AdvisorShares Focused Equity ETF 6.9 85 -60 5.2 -0.8
JHMI John Hancock Multifactor Industrials ETF 6.8 40 -15 5.4 -0.7
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 6.7 29 -4 8.9 +2.8
AIRR First Trust RBA American Industrial Renaissance ETF 6.7 70 -45 6.5 +0.4
STMB iShares Factors US Mid Blend Style ETF 6.6 30 -5 5.5 -0.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 6.6 20 5 6.7 +0.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 6.6 20 5 4.5 -1.6
FXO First Trust Financials AlphaDEX Fund 6.6 63 -38 11.4 +5.3
XME SPDR S&P Metals & Mining ETF 6.5 35 -10 6.4 +0.3
ONEO SPDR Russell 1000 Momentum Focus ETF 6.5 20 5 6.2 +0.1
VFMF Vanguard U.S. Multifactor ETF 6.5 19 6 7.1 +1.0
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 6.4 30 -5 5.4 -0.7
OSCV Opus Small Cap Value Plus ETF 6.4 79 -54 5.2 -0.9
PYZ Invesco DWA Basic Materials Momentum ETF 6.4 60 -35 5.0 -1.0
AFSM First Trust Active Factor Small Cap ETF 6.4 75 -50 5.3 -0.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 6.4 24 1 5.9 -0.2
LSAF LeaderShares AlphaFactor US Core Equity ETF 6.3 75 -50 5.8 -0.3
QSY WisdomTree U.S. LargeCap Value Fund 6.3 38 -13 6.4 +0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 6.2 17 8 6.1 +0.1
VFQY Vanguard U.S. Quality Factor ETF 6.2 13 12 6.2 +0.1
LOUP Innovator Loup Frontier Tech ETF 6.2 70 -45 2.9 -3.2
ROBO Robo Global Robotics & Automation Index ETF 6.2 95 -70 3.2 -2.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 6.1 29 -4 6.6 +0.5
SYLD Cambria Shareholder Yield ETF 6.1 59 -34 8.3 +2.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 5.9 70 -45 2.0 -4.1
FOVL iShares Focused Value Factor ETF 5.9 25 0 9.6 +3.5
SMMD iShares Russell 2500 ETF 5.9 15 10 5.5 -0.6
TMDV ProShares Russell US Dividend Growers ETF 5.9 36 -11 5.5 -0.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 5.8 24 1 6.3 +0.2
SCHA Schwab U.S. Small-Cap ETF 5.8 4 21 4.6 -1.5
PZD Invesco Cleantech ETF 5.7 65 -40 3.9 -2.2
VBK Vanguard Small-Cap Growth Index Fund 5.7 7 18 2.2 -3.9
VSDA VictoryShares Dividend Accelerator ETF 5.7 35 -10 4.6 -1.5
VXF Vanguard Extended Market Index Fund 5.6 6 19 3.4 -2.7
BUY USCF SummerHaven SHPEI Index Fund 5.6 80 -55 8.6 +2.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 5.6 29 -4 4.8 -1.3

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:

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 15.9 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 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.