Invesco S&P International Developed High Quality ETF
ALTAR
Score™
5.5% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
22.2x P/Sales
ratio
2.2x
P/BV
ratio
3.0x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P International Developed High Quality Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the S&P International Developed High Quality Ranking Index, which is constructed using a QSG proprietary methodology based on numerous measures of expected outperformance.

FUND BASICS
Category International Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Jun 13, 2007
Assets (mns) $49
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Fundamental
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 245
Wgt avg mkt cap (mns) $79,589
Large cap (>$10bn) 86.5%
Mid cap ($2-10bn) 12.8%
Small cap (<$2bn) 0.7%
Developed mkts 97.6%
Emerging mkts 2.4%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 5.9 %
NOVARTIS AG-REG 4.9 %
NOVO NORDISK A/S-B 3.5 %
ASML HOLDING NV 3.3 %
ASTRAZENECA PLC 2.9 %
LVMH MOET HENNESSY LOUIS VUI 2.4 %
DIAGEO PLC 2.3 %
UNILEVER NV 2.2 %
CSL LIMITED 2.1 %
AIA GROUP LTD 2.1 %
Total 31.5 %

TOP COUNTRY EXPOSURE
JAPAN 16.2 %
SWITZERLAND 13.5 %
BRITAIN 12.2 %
AUSTRALIA 8.4 %
NETHERLANDS 7.7 %
FRANCE 6.4 %
CANADA 5.9 %
DENMARK 5.8 %
GERMANY 5.6 %
HONG KONG 3.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.3% 9.4% 5.1% 7.6% 1.6%

Market Correlations
versus... Beta R-squared
S&P500 0.78 82%
MSCI EAFE 0.86 87%
MSCI Emg. Mkts. 0.63 70%

Technical Indicators
Recent close $24.56
30d moving avg. $22.83
Annualized volatility 14.5%
Short interest (ETF) 1.3%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.8%
Bid/Ask (% of price) 0.72%
ADV underlying (mns) $18,929

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IDHQ Expense: 29 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IDHQ
Ticker Fund
Name
Overlap1
vs IDHQ
(%)
Expense
ratio
(bp)
Savings
vs IDHQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs IDHQ
(%)
IQLT iShares Edge MSCI Intl Quality Factor ETF 54.4 30 -1 6.3 +0.8
EFG iShares MSCI EAFE Growth ETF 39.8 40 -11 4.8 -0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 37.6 30 -1 5.0 -0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 36.0 30 -1 6.9 +1.4
IDMO Invesco S&P International Developed Momentum ETF 35.9 25 4 4.7 -0.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 32.1 58 -29 6.2 +0.7
IQDG WisdomTree International Quality Dividend Growth Fund 31.5 38 -9 6.5 +1.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 31.1 58 -29 6.4 +0.9
IEV iShares Europe ETF 30.0 59 -30 7.0 +1.5
RFEU First Trust Riverfront Dynamic Europe ETF 29.9 83 -54 5.1 -0.4
QINT American Century Quality Diversified International ETF 29.6 39 -10 6.0 +0.5
VIGI Vanguard International Dividend Appreciation ETF 29.4 25 4 6.0 +0.5
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 29.4 48 -19 0.0 -5.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 29.1 14 15 7.1 +1.6
IQSI IQ Candriam ESG International Equity ETF 29.0 15 14 7.5 +2.0
BBEU JPMorgan BetaBuilders Europe ETF 28.9 9 20 7.5 +2.0
OEUR O'shares FTSE Europe Quality Dividend ETF 28.8 48 -19 6.7 +1.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 28.7 25 4 6.9 +1.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 28.7 25 4 6.9 +1.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 28.6 45 -16 6.9 +1.4
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 28.4 30 -1 7.0 +1.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 28.2 20 9 7.4 +1.9
FLEE Franklin FTSE Europe ETF 28.1 9 20 7.2 +1.7
FLEH Franklin FTSE Europe Hedged ETF 27.8 9 20 7.3 +1.8
EFA iShares MSCI EAFE ETF 27.1 32 -3 7.3 +1.8
RFDI First Trust Riverfront Dynamic Developed International ETF 26.9 83 -54 6.4 +0.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 26.8 35 -6 7.1 +1.6
ESGD iShares MSCI EAFE ESG Optimized ETF 26.4 20 9 7.3 +1.8
HFXI IQ 50 Percent Hedged FTSE International ETF 26.2 20 9 7.7 +2.2
IEUR iShares Core MSCI Europe ETF 25.9 9 20 7.5 +2.0
DOL WisdomTree International LargeCap Dividend Fund 25.7 48 -19 8.7 +3.2
FEU SPDR Portfolio Europe ETF 25.2 9 20 7.5 +2.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 25.1 7 22 7.7 +2.2
VGK Vanguard FTSE Europe ETF 24.9 8 21 7.5 +2.0
SCHF Schwab International Equity ETF 24.6 6 23 7.5 +2.0
JHMD John Hancock Multifactor Developed International ETF 24.3 45 -16 7.6 +2.1
PDEV Principal International Multi-Factor Core Index ETF 24.1 25 4 8.0 +2.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 24.1 39 -10 6.8 +1.3
SPDW SPDR Portfolio Developed World ex-US ETF 23.8 4 25 7.4 +1.9
IEFA iShares Core MSCI EAFE ETF 23.7 7 22 7.4 +1.9
DWM WisdomTree International Equity Fund 23.5 48 -19 8.4 +2.9
FDEV Fidelity Targeted International Factor ETF 23.4 39 -10 6.7 +1.2
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 23.3 61 -32 5.0 -0.5
IDEV iShares Core MSCI International Developed Markets ETF 23.3 5 24 7.4 +1.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 23.1 35 -6 8.7 +3.2
CIL VictoryShares International Volatility Weighted Index ETF 22.8 45 -16 6.8 +1.3
EUMV iShares Edge MSCI Min Vol Europe ETF 22.6 25 4 5.6 +0.1
EZU iShares MSCI Eurozone ETF 22.1 49 -20 7.0 +1.5
JPEU JPMorgan Diversified Return Europe Equity ETF 22.1 37 -8 7.0 +1.5
DNL WisdomTree Global ex-US Dividend Growth Fund 21.9 58 -29 8.0 +2.5
VEA Vanguard FTSE Developed Markets ETF 21.5 5 24 7.6 +2.1
EURZ Xtrackers Eurozone Equity ETF 21.4 9 20 7.3 +1.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 21.4 20 9 5.9 +0.4
TPIF Timothy Plan International ETF 21.2 62 -33 7.1 +1.6
CWI SPDR MSCI ACWI ex-US ETF 21.1 30 -1 7.8 +2.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 21.0 45 -16 6.9 +1.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 20.9 32 -3 6.6 +1.1
PIZ Invesco DWA Developed Markets Momentum ETF 20.9 80 -51 4.3 -1.2
IPAC iShares Core MSCI Pacific ETF 20.6 9 20 7.5 +2.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 20.3 16 13 7.2 +1.7
ISDX Invesco Strategic Developed ex-US ETF 20.2 23 6 7.6 +2.1
IDY Pacific Global International Equity Income ETF 20.1 39 -10 8.2 +2.7
ACWX iShares MSCI ACWI ex U.S. ETF 19.6 32 -3 7.6 +2.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 19.5 47 -18 13.8 +8.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 19.3 40 -11 7.5 +2.0
VPL Vanguard FTSE Pacific ETF 19.2 8 21 7.9 +2.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.1 29 0 8.8 +3.3
IGRO iShares International Dividend Growth ETF 19.0 22 7 8.2 +2.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 18.9 24 5 7.3 +1.8
ISZE iShares Edge MSCI Intl Size Factor ETF 18.7 30 -1 7.1 +1.6
RBIN Nationwide Risk-Based International Equity ETF 18.7 42 -13 6.5 +1.0
NUDM Nuveen ESG International Developed Markets Equity ETF 18.5 40 -11 7.0 +1.5
VEU Vanguard FTSE All-World ex-US Index Fund 18.1 8 21 7.9 +2.4
IXJ iShares Global Healthcare ETF 17.7 46 -17 6.2 +0.7
RNDM Developed International Equity Select ETF 17.5 65 -36 6.5 +1.0
IXUS ishares Core MSCI Total International Stock ETF 17.4 9 20 7.7 +2.2
DWMF WisdomTree International Multifactor Fund 17.4 38 -9 6.9 +1.4
JPIN JPMorgan Diversified Return International Equity ETF 17.0 38 -9 8.0 +2.5
IQDF FlexShares International Quality Dividend Index Fund 16.9 47 -18 13.2 +7.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 16.9 29 0 8.2 +2.7
VSGX Vanguard ESG International Stock ETF 16.8 17 12 7.5 +2.0
VXUS Vanguard Total International Stock Index Fund 16.5 8 21 7.8 +2.3
INTF iShares Edge MSCI Multifactor Intl ETF 16.2 30 -1 8.5 +3.0
FNDF Schwab Fundamental International Large Co. Index ETF 16.2 25 4 8.9 +3.4
JPGE JPMorgan Diversified Return Global Equity ETF 16.1 29 0 7.4 +1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 15.9 45 -16 9.1 +3.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 15.8 47 -18 12.9 +7.4
SCID Global X Scientific Beta Europe ETF 15.8 38 -9 7.1 +1.6
FIVA Fidelity International Value Factor ETF 15.7 39 -10 10.4 +4.9
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 15.6 83 -54 7.1 +1.6
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 15.6 30 -1 7.6 +2.1
FLJP Franklin FTSE Japan ETF 15.6 9 20 7.8 +2.3
DWCR Arrow DWA Country Rotation ETF 15.6 95 -66 17.8 +12.3
FLJH Franklin FTSE Japan Hedged ETF 15.4 9 20 7.7 +2.2
BBJP JPMorgan BetaBuilders Japan ETF 15.4 19 10 7.7 +2.2
DTH WisdomTree DEFA Equity Income Fund 15.2 58 -29 9.8 +4.3
FEZ SPDR EURO STOXX 50 ETF 15.2 29 0 7.4 +1.9
EWJ iShares MSCI Japan ETF 15.1 49 -20 7.4 +1.9
HEDJ WisdomTree Europe Hedged Equity Fund 15.1 58 -29 7.2 +1.7

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 International Developed High Quality ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.7 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.