Invesco S&P Intl Developed High Dividend Low Volatility ETF
ALTAR
Score™
8.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.6x P/Sales
ratio
1.0x
P/BV
ratio
1.0x Div.
yield
6.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P International Developed High Dividend Low Volatility ETF tracks a dividend-yield-weighted index of the 100 least volatile stocks chosen from a list of the 300 highest-yielding developed ex-US stocks.

FUND BASICS
Category International Equities
Fund Sponsor Invesco PowerShares
Website www.invesco.com
Inception date Dec 01, 2016
Assets (mns) $13
Currency USD
Expense ratio 30 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Dividend
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $24,518
Large cap (>$10bn) 61.0%
Mid cap ($2-10bn) 33.5%
Small cap (<$2bn) 5.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HKT TRUST AND HKT LTD 1.7 %
AUSNET SERVICES 1.5 %
JAPAN TOBACCO INC 1.5 %
BP PLC 1.4 %
HSBC HOLDINGS PLC 1.4 %
SAMPO OYJ-A SHS 1.4 %
ADMIRAL GROUP PLC 1.4 %
EDP-ENERGIAS DE PORTUGAL SA 1.4 %
ENDESA SA 1.4 %
ZON MULTIMEDIA SERVICOS DE T 1.4 %
Total 14.4 %

TOP COUNTRY EXPOSURE
JAPAN 17.6 %
AUSTRALIA 16.6 %
SINGAPORE 13.4 %
SPAIN 7.8 %
BRITAIN 7.4 %
HONG KONG 6.6 %
ITALY 5.6 %
FRANCE 4.4 %
GERMANY 3.1 %
SWITZERLAND 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-21.5% -16.3% -- -- 0.2%

Market Correlations
versus... Beta R-squared
S&P500 0.71 68%
MSCI EAFE 0.87 88%
MSCI Emg. Mkts. 0.65 77%

Technical Indicators
Recent close $21.48
30d moving avg. $21.52
Annualized volatility 14.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.7%
Bid/Ask (% of price) 1.12%
ADV underlying (mns) $7,570

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco S&P Intl Developed High Dividend Low Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with IDHD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IDHD Expense: 30 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IDHD
Ticker Fund
Name
Overlap1
vs IDHD
(%)
Expense
ratio
(bp)
Savings
vs IDHD
(bp)
ALTAR
Score™
(%)
ALTAR
vs IDHD
(%)
DTH WisdomTree DEFA Equity Income Fund 30.8 58 -28 10.8 +2.6
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 29.2 45 -15 11.2 +3.0
DOO WisdomTree International Dividend ex-Financials Fund 28.6 58 -28 9.7 +1.5
LVHI Legg Mason International Low Volatility High Dividend ETF 27.9 40 -10 11.3 +3.1
EFV iShares MSCI EAFE Value ETF 26.8 39 -9 11.5 +3.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 26.7 20 10 6.3 -1.9
DOL WisdomTree International LargeCap Dividend Fund 25.0 48 -18 9.4 +1.3
IDLV Invesco S&P International Developed Low Volatility ETF 23.6 25 5 7.4 -0.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 23.2 20 10 10.4 +2.2
EUMV iShares Edge MSCI Min Vol Europe ETF 22.8 25 5 6.0 -2.2
VYMI Vanguard International High Dividend Yield ETF 21.7 32 -2 11.4 +3.2
SCIX Global X Scientific Beta Asia ex-Japan ETF 21.0 38 -8 7.4 -0.8
IDY Pacific Global International Equity Income ETF 20.5 39 -9 9.8 +1.7
DWM WisdomTree International Equity Fund 20.0 48 -18 9.2 +1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 20.0 35 -5 9.5 +1.3
IDV iShares International Select Dividend ETF 19.8 49 -19 14.1 +5.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 19.8 58 -28 11.7 +3.5
IDOG ALPS International Sector Dividend Dogs ETF 19.5 50 -20 12.3 +4.1
EPP iShares MSCI Pacific ex-Japan ETF 19.3 48 -18 7.7 -0.5
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 19.3 19 11 7.9 -0.3
FID First Trust S&P International Dividend Aristocrats ETF 19.2 60 -30 10.8 +2.7
WDIV SPDR Global Dividend ETF 19.2 40 -10 10.8 +2.6
DWX SPDR S&P International Dividend ETF 19.0 45 -15 8.7 +0.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 18.8 20 10 12.1 +3.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.1 45 -15 10.2 +2.0
OEUR O'shares FTSE Europe Quality Dividend ETF 17.5 48 -18 7.1 -1.1
DWMF WisdomTree International Multifactor Fund 17.1 38 -8 7.4 -0.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 17.0 32 -2 6.9 -1.3
FNDF Schwab Fundamental International Large Co. Index ETF 16.8 25 5 9.9 +1.8
QEFA SPDR MSCI EAFE Quality Mix ETF 16.6 30 0 7.4 -0.8
MVIN Natixis Seeyond International Minimum Volatility ETF 16.4 55 -25 6.1 -2.1
EFAS Global X MSCI SuperDividend EAFE ETF 15.8 55 -25 11.5 +3.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 15.7 47 -17 14.0 +5.8
JHMD John Hancock Multifactor Developed International ETF 15.2 45 -15 8.3 +0.1
RNDM Developed International Equity Select ETF 15.2 65 -35 7.0 -1.2
EFA iShares MSCI EAFE ETF 15.1 32 -2 8.0 -0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 14.9 14 16 7.7 -0.5
FYLD Cambria Foreign Shareholder Yield ETF 14.8 59 -29 10.8 +2.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 14.7 35 -5 7.8 -0.4
ESGN Columbia Sustainable International Equity Income ETF 14.6 45 -15 12.6 +4.4
ESGD iShares MSCI EAFE ESG Optimized ETF 14.6 20 10 8.0 -0.2
IQDF FlexShares International Quality Dividend Index Fund 14.4 47 -17 14.6 +6.4
INFR Legg Mason Global Infrastructure ETF 14.2 40 -10 6.7 -1.5
HFXI IQ 50 Percent Hedged FTSE International ETF 14.2 20 10 8.4 +0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 14.1 29 1 9.7 +1.5
JPIN JPMorgan Diversified Return International Equity ETF 14.0 38 -8 8.8 +0.6
IEV iShares Europe ETF 13.9 59 -29 7.6 -0.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 13.9 39 -9 12.3 +4.2
IVLU iShares Edge MSCI Intl Value Factor ETF 13.9 30 0 12.8 +4.6
IQIN IQ 500 International ETF 13.9 25 5 10.5 +2.3
EWA iShares MSCI Australia ETF 13.6 50 -20 7.2 -1.0
TPIF Timothy Plan International ETF 13.6 62 -32 7.8 -0.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 13.4 7 23 8.5 +0.3
BBEU JPMorgan BetaBuilders Europe ETF 13.4 9 21 8.1 -0.1
FIVA Fidelity International Value Factor ETF 13.4 39 -9 11.7 +3.5
IQSI IQ Candriam ESG International Equity ETF 13.3 15 15 8.1 -0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 13.3 45 -15 7.4 -0.8
FDEV Fidelity Targeted International Factor ETF 13.3 39 -9 7.1 -1.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 13.3 30 0 7.6 -0.6
FLEE Franklin FTSE Europe ETF 13.2 9 21 7.8 -0.4
GCOW Pacer Global High Dividend ETF 13.2 60 -30 11.7 +3.5
RBIN Nationwide Risk-Based International Equity ETF 13.1 42 -12 6.9 -1.3
IEFA iShares Core MSCI EAFE ETF 13.0 7 23 8.1 -0.1
FLAU Franklin FTSE Australia ETF 13.0 9 21 7.5 -0.7
FLEH Franklin FTSE Europe Hedged ETF 12.9 9 21 7.8 -0.4
IPAC iShares Core MSCI Pacific ETF 12.9 9 21 8.4 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 12.8 25 5 7.4 -0.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 12.7 39 -9 7.4 -0.8
EURZ Xtrackers Eurozone Equity ETF 12.7 9 21 8.1 -0.1
RWX SPDR Dow Jones International Real Estate ETF 12.6 59 -29 7.6 -0.6
JPMV iShares Edge MSCI Min Vol Japan ETF 12.6 30 0 7.6 -0.6
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 12.5 83 -53 7.9 -0.3
RFDI First Trust Riverfront Dynamic Developed International ETF 12.5 83 -53 7.0 -1.2
ISDX Invesco Strategic Developed ex-US ETF 12.5 23 7 8.5 +0.3
EZU iShares MSCI Eurozone ETF 12.4 49 -19 7.7 -0.4
SCHF Schwab International Equity ETF 12.4 6 24 8.2 +0.0
PDEV Principal International Multi-Factor Core Index ETF 12.3 25 5 8.8 +0.7
IEUR iShares Core MSCI Europe ETF 12.3 9 21 8.1 -0.1
VGK Vanguard FTSE Europe ETF 12.1 8 22 8.2 -0.0
GVAL Cambria Global Value ETF 11.9 69 -39 12.8 +4.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 11.9 20 10 8.0 -0.2
CIL VictoryShares International Volatility Weighted Index ETF 11.9 45 -15 7.5 -0.7
DEW WisdomTree Global High Dividend Fund 11.9 58 -28 9.9 +1.7
IDEV iShares Core MSCI International Developed Markets ETF 11.9 5 25 8.1 -0.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 11.8 48 -18 0.0 -8.2
JXI iShares Global Utilities ETF 11.7 46 -16 6.3 -1.9
LVIN Hartford Multifactor Low Volatility International Equity ETF 11.6 29 1 13.5 +5.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 11.6 45 -15 7.6 -0.5
AXJL WisdomTree Asia Pacific ex-Japan Fund 11.6 48 -18 10.3 +2.1
VPL Vanguard FTSE Pacific ETF 11.6 8 22 8.7 +0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 11.3 25 5 7.5 -0.6
FEU SPDR Portfolio Europe ETF 11.3 9 21 8.1 -0.1
DGT SPDR Global Dow ETF 11.3 50 -20 7.5 -0.7
EWS iShares MSCI Singapore ETF 11.2 50 -20 9.8 +1.6
RFEU First Trust Riverfront Dynamic Europe ETF 11.1 83 -53 5.5 -2.7
JPGE JPMorgan Diversified Return Global Equity ETF 11.1 29 1 8.1 -0.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 11.1 30 0 6.8 -1.4
IXG iShares Global Financials ETF 11.1 46 -16 11.2 +3.0
FIDI Fidelity International High Dividend ETF 11.0 39 -9 12.5 +4.4

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 S&P Intl Developed High Dividend Low Volatility 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 8.5 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.68 CATEGORY
AVERAGE
1.58
 
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.