Invesco S&P Intl Developed High Dividend Low Volatility ETF
ALTAR
Score™
8.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.5x P/Sales
ratio
1.0x
P/BV
ratio
0.9x Div.
yield
5.0%


  • 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) $17
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 99
Wgt avg mkt cap (mns) $21,137
Large cap (>$10bn) 60.9%
Mid cap ($2-10bn) 38.1%
Small cap (<$2bn) 1.0%
Developed mkts 99.3%
Emerging mkts 0.7%

TOP TEN HOLDINGS
IMPERIAL TOBACCO GROUP PLC 2.5 %
GAS NATURAL SDG SA 1.7 %
UNIPOLSAI ASSICURAZIONI S.P.A. 1.6 %
JAPAN TOBACCO INC 1.5 %
CONTACT ENERGY LTD 1.5 %
COMFORTDELGRO CORP LTD 1.4 %
SWIRE PACIFIC LTD 'A' 1.4 %
SUMITOMO CORP 1.3 %
JAPAN POST BANK CO., LTD. 1.3 %
MITSUBISHI CORP 1.3 %
Total 15.4 %

TOP COUNTRY EXPOSURE
JAPAN 20.2 %
SINGAPORE 16.5 %
HONG KONG 16.3 %
BRITAIN 7.9 %
AUSTRALIA 6.1 %
ITALY 4.8 %
SPAIN 4.1 %
NORWAY 3.5 %
GERMANY 3.5 %
FINLAND 3.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.8% -8.1% -- -- 2.8%

Market Correlations
versus... Beta R-squared
S&P500 0.69 71%
MSCI EAFE 0.85 88%
MSCI Emg. Mkts. 0.61 73%

Technical Indicators
Recent close $23.91
30d moving avg. $23.69
Annualized volatility 14.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.6%
Bid/Ask (% of price) 0.77%
ADV underlying (mns) $2,583

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 8.4%


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
(%)
VGFO Virtus WMC Global Factor Opportunities ETF 30.7 49 -19 7.9 -0.6
LVHI Legg Mason International Low Volatility High Dividend ETF 28.8 40 -10 9.2 +0.8
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 28.3 45 -15 9.8 +1.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 28.1 80 -50 6.4 -2.0
SCIX Global X Scientific Beta Asia ex-Japan ETF 27.0 38 -8 6.6 -1.8
IDLV Invesco S&P International Developed Low Volatility ETF 26.5 25 5 6.6 -1.9
DVYA iShares Asia/Pacific Dividend ETF 25.1 49 -19 13.3 +4.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 24.6 20 10 9.6 +1.1
IDV iShares International Select Dividend ETF 23.8 49 -19 10.2 +1.8
DOO WisdomTree International Dividend ex-Financials Fund 22.6 58 -28 8.7 +0.3
DTH WisdomTree DEFA Equity Income Fund 21.2 58 -28 9.7 +1.3
GCOW Pacer Global High Dividend ETF 20.4 60 -30 10.3 +1.9
DWX SPDR S&P International Dividend ETF 19.8 45 -15 7.6 -0.9
DMDV AAM S&P Developed Markets High Dividend Value ETF 18.9 39 -9 10.9 +2.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 18.6 20 10 5.4 -3.0
IDY Pacific Global International Equity Income ETF 18.3 39 -9 7.9 -0.6
DWMF WisdomTree International Multifactor Fund 17.6 38 -8 6.2 -2.3
FID First Trust S&P International Dividend Aristocrats ETF 17.3 60 -30 9.7 +1.3
WDIV SPDR Global Dividend ETF 17.1 40 -10 9.7 +1.3
RBIN Nationwide Risk-Based International Equity ETF 16.8 42 -12 6.0 -2.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 16.7 20 10 11.2 +2.7
RNDM Developed International Equity Select ETF 16.6 65 -35 6.2 -2.3
EPP iShares MSCI Pacific ex-Japan ETF 16.4 48 -18 6.6 -1.9
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 16.4 19 11 6.9 -1.6
DOL WisdomTree International LargeCap Dividend Fund 16.1 48 -18 8.6 +0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 15.9 32 -2 5.9 -2.5
JPIN JPMorgan Diversified Return International Equity ETF 15.7 37 -7 7.7 -0.7
JPMV iShares Edge MSCI Min Vol Japan ETF 15.6 30 0 6.2 -2.2
ESGN Columbia Sustainable International Equity Income ETF 15.5 45 -15 10.7 +2.2
EFV iShares MSCI EAFE Value ETF 15.5 39 -9 9.5 +1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 15.3 35 -5 8.5 +0.0
DWM WisdomTree International Equity Fund 15.2 48 -18 8.2 -0.3
TPIF Timothy Plan International ETF 15.0 62 -32 6.1 -2.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 14.9 59 -29 12.0 +3.6
EWH iShares MSCI Hong Kong ETF 14.9 49 -19 6.8 -1.7
IVLU iShares Edge MSCI Intl Value Factor ETF 14.4 30 0 11.3 +2.9
VYMI Vanguard International High Dividend Yield ETF 14.4 27 3 10.1 +1.7
IDOG ALPS International Sector Dividend Dogs ETF 14.2 50 -20 10.9 +2.4
ZHOK SPDR Solactive Hong Kong ETF 14.1 14 16 6.7 -1.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 13.9 29 1 7.6 -0.9
IQDE FlexShares International Quality Dividend Defensive Index Fd 13.5 47 -17 9.0 +0.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 13.5 29 1 7.4 -1.0
EWJV iShares MSCI Japan Value ETF 13.3 15 15 10.0 +1.5
EFAS Global X MSCI SuperDividend EAFE ETF 13.2 56 -26 9.4 +0.9
EWS iShares MSCI Singapore ETF 13.1 50 -20 8.7 +0.3
MVIN Natixis Seeyond International Minimum Volatility ETF 12.8 56 -26 5.5 -2.9
QEFA SPDR MSCI EAFE Quality Mix ETF 12.5 30 0 6.7 -1.7
FLHK Franklin FTSE Hong Kong ETF 12.3 9 21 7.9 -0.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 12.2 45 -15 6.5 -1.9
CIL VictoryShares International Volatility Weighted Index ETF 12.1 45 -15 6.6 -1.9
DIM WisdomTree International MidCap Dividend Fund 11.9 58 -28 7.4 -1.0
IQDF FlexShares International Quality Dividend Index Fund 11.9 47 -17 8.9 +0.5
FIVA Fidelity International Value Factor ETF 11.9 39 -9 9.6 +1.2
IQIN IQ 500 International ETF 11.4 25 5 8.5 +0.0
FIDI Fidelity International High Dividend ETF 11.4 39 -9 11.1 +2.7
JHMD John Hancock Multifactor Developed International ETF 11.2 39 -9 7.2 -1.2
OEUR O'shares FTSE Europe Quality Dividend ETF 10.8 48 -18 6.5 -1.9
IPAC iShares Core MSCI Pacific ETF 10.8 9 21 7.1 -1.3
FDEV Fidelity Targeted International Factor ETF 10.7 39 -9 6.3 -2.1
INFR Legg Mason Global Infrastructure ETF 10.7 40 -10 6.1 -2.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 10.5 45 -15 8.7 +0.2
EWJ iShares MSCI Japan ETF 10.1 49 -19 6.9 -1.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 10.1 39 -9 6.4 -2.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 10.1 45 -15 7.0 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 10.1 25 5 8.6 +0.2
DRW WisdomTree Global ex-US Real Estate Fund 9.9 58 -28 10.6 +2.2
GSID Goldman Sachs MarketBeta International Equity ETF 9.8 20 10 7.1 -1.3
QJPN SPDR MSCI Japan StrategicFactors ETF 9.7 14 16 7.4 -1.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 9.7 24 6 7.0 -1.5
BBJP JPMorgan BetaBuilders Japan ETF 9.6 19 11 7.2 -1.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 9.6 25 5 7.1 -1.4
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 9.5 30 0 0.0 -8.4
EFA iShares MSCI EAFE ETF 9.5 32 -2 6.9 -1.6
FLJH Franklin FTSE Japan Hedged ETF 9.5 9 21 7.4 -1.1
FLJP Franklin FTSE Japan ETF 9.5 9 21 7.4 -1.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 9.5 50 -20 6.1 -2.3
JPXN iShares JPX-Nikkei 400 ETF 9.5 48 -18 7.0 -1.4
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 9.5 9 21 7.5 -1.0
MOTI VanEck Vectors Morningstar International Moat ETF 9.4 57 -27 8.3 -0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 9.3 35 -5 6.7 -1.7
HFXI IQ 50 Percent Hedged FTSE International ETF 9.2 20 10 7.3 -1.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 9.2 65 -35 10.7 +2.2
IDLB Invesco FTSE International Low Beta Equal Weight ETF 9.1 45 -15 7.0 -1.5
JXI iShares Global Utilities ETF 9.0 46 -16 6.0 -2.5
VPL Vanguard FTSE Pacific ETF 9.0 8 22 7.4 -1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.0 47 -17 9.0 +0.6
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 8.9 35 -5 6.8 -1.6
ESGD iShares MSCI EAFE ESG Optimized ETF 8.9 20 10 6.8 -1.7
PDEV Principal International Multi-Factor Core Index ETF 8.9 25 5 7.7 -0.8
BKIE BNY Mellon International Equity ETF 8.9 4 26 7.3 -1.2
DEW WisdomTree Global High Dividend Fund 8.7 58 -28 9.4 +1.0
DXJ WisdomTree Japan Hedged Equity Fund 8.7 48 -18 7.9 -0.5
ISDX Invesco Strategic Developed ex-US ETF 8.6 23 7 7.2 -1.3
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 8.6 30 0 0.0 -8.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 8.6 7 23 7.4 -1.1
UIVM VictoryShares USAA MSCI International Value Momentum ETF 8.5 35 -5 8.5 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 8.5 20 10 6.9 -1.6
GVAL Cambria Global Value ETF 8.4 65 -35 11.1 +2.7

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:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.5 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.59
 
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.