Invesco FTSE International Low Beta Equal Weight ETF
ALTAR
Score™
7.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
16.1x P/Sales
ratio
0.7x
P/BV
ratio
1.1x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco FTSE International Low Beta Equal Weight ETF tracks an index of large- and midcap stocks from developed countries outside the US. The index selects stocks with low beta relative to their respective country markets and excludes firms with negative earnings. Stocks receive equal weight.

FUND BASICS
Category International Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Nov 05, 2015
Assets (mns) $11
Currency USD
Expense ratio 45 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Equal
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 782
Wgt avg mkt cap (mns) $13,402
Large cap (>$10bn) 34.1%
Mid cap ($2-10bn) 52.1%
Small cap (<$2bn) 13.5%
Developed mkts 88.6%
Emerging mkts 11.4%

TOP TEN HOLDINGS
HAPAG-LLOYD AG 0.3 %
DIASORIN SPA 0.3 %
SG HOLDINGS CO., LTD. 0.2 %
BIOMERIEUX SA 0.2 %
NIPPON PAINT CO LTD 0.2 %
GMO INTERNET INC 0.2 %
SARTORIUS AG PREF 0.2 %
TOHO GAS CO LTD 0.2 %
SILVER WHEATON CORP 0.2 %
TAKARA BIO INC 0.2 %
Total 2.3 %

TOP COUNTRY EXPOSURE
JAPAN 32.9 %
SOUTH KOREA 9.2 %
AUSTRALIA 5.7 %
BRITAIN 5.6 %
HONG KONG 4.5 %
FRANCE 4.4 %
GERMANY 4.0 %
CANADA 3.8 %
SINGAPORE 3.2 %
SWEDEN 2.9 %

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.
-12.7% -4.8% -- -- 2.5%

Market Correlations
versus... Beta R-squared
S&P500 0.75 83%
MSCI EAFE 0.86 93%
MSCI Emg. Mkts. 0.64 78%

Technical Indicators
Recent close $24.78
30d moving avg. $23.49
Annualized volatility 13.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 14
Turnover 3.1%
Bid/Ask (% of price) 0.57%
ADV underlying (mns) $32,187

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco FTSE International Low Beta Equal Weight ETF ETF based on the alternatives' overlap in portfolio holdings with IDLB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IDLB Expense: 45 bp ALTAR Score™: 7.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IDLB
Ticker Fund
Name
Overlap1
vs IDLB
(%)
Expense
ratio
(bp)
Savings
vs IDLB
(bp)
ALTAR
Score™
(%)
ALTAR
vs IDLB
(%)
ISZE iShares Edge MSCI Intl Size Factor ETF 44.4 30 15 7.4 -0.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 42.1 24 21 7.6 +0.2
SCHF Schwab International Equity ETF 34.0 6 39 7.9 +0.4
CIL VictoryShares International Volatility Weighted Index ETF 33.7 45 0 7.1 -0.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 33.0 7 38 8.1 +0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 32.4 25 20 7.2 -0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 31.6 20 25 8.0 +0.5
SPDW SPDR Portfolio Developed World ex-US ETF 31.2 4 41 7.7 +0.3
VEA Vanguard FTSE Developed Markets ETF 31.1 5 40 8.0 +0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 30.9 39 6 7.1 -0.4
IDEV iShares Core MSCI International Developed Markets ETF 30.1 5 40 7.7 +0.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 30.1 29 16 8.5 +1.0
IEFA iShares Core MSCI EAFE ETF 29.6 7 38 7.8 +0.3
EFA iShares MSCI EAFE ETF 29.0 32 13 7.6 +0.2
JHMD John Hancock Multifactor Developed International ETF 28.9 45 0 7.9 +0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 28.8 35 10 7.5 +0.0
JPGE JPMorgan Diversified Return Global Equity ETF 28.5 29 16 7.7 +0.3
PDEV Principal International Multi-Factor Core Index ETF 28.3 25 20 8.4 +0.9
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 28.3 45 0 7.3 -0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 28.2 20 25 7.6 +0.2
JPIN JPMorgan Diversified Return International Equity ETF 28.1 38 7 8.4 +1.0
QEFA SPDR MSCI EAFE Quality Mix ETF 28.1 30 15 7.1 -0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 28.0 45 0 9.6 +2.2
FNDF Schwab Fundamental International Large Co. Index ETF 27.7 25 20 9.4 +2.0
VEU Vanguard FTSE All-World ex-US Index Fund 27.7 8 37 8.2 +0.8
DIM WisdomTree International MidCap Dividend Fund 27.1 58 -13 8.2 +0.7
ACWX iShares MSCI ACWI ex U.S. ETF 26.5 32 13 8.0 +0.5
RNDM Developed International Equity Select ETF 26.4 65 -20 6.7 -0.7
VPL Vanguard FTSE Pacific ETF 26.3 8 37 8.3 +0.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 26.3 29 16 9.2 +1.8
VSGX Vanguard ESG International Stock ETF 26.1 17 28 7.8 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 25.9 40 5 7.9 +0.4
IXUS ishares Core MSCI Total International Stock ETF 25.8 9 36 8.1 +0.6
AVDE Avantis International Equity ETF 25.7 23 22 8.5 +1.0
VXUS Vanguard Total International Stock Index Fund 25.7 8 37 8.2 +0.8
DWM WisdomTree International Equity Fund 25.2 48 -3 8.8 +1.3
FNDC Schwab Fundamental International Small Co. Index ETF 25.1 39 6 7.7 +0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 24.7 20 25 7.7 +0.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 24.4 20 25 6.0 -1.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 24.4 35 10 9.1 +1.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 24.2 49 -4 7.5 +0.1
EFG iShares MSCI EAFE Growth ETF 23.7 40 5 4.9 -2.5
IQIN IQ 500 International ETF 23.5 25 20 9.9 +2.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 23.5 39 6 9.7 +2.3
TPIF Timothy Plan International ETF 23.4 62 -17 7.4 -0.1
IPAC iShares Core MSCI Pacific ETF 23.2 9 36 8.0 +0.6
SCID Global X Scientific Beta Europe ETF 23.0 38 7 7.3 -0.2
IQSI IQ Candriam ESG International Equity ETF 23.0 15 30 7.7 +0.3
CWI SPDR MSCI ACWI ex-US ETF 22.5 30 15 8.0 +0.6
ISDX Invesco Strategic Developed ex-US ETF 22.1 23 22 8.1 +0.6
JPEU JPMorgan Diversified Return Europe Equity ETF 21.8 37 8 7.2 -0.3
FLEE Franklin FTSE Europe ETF 21.7 9 36 7.4 -0.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 21.6 30 15 7.3 -0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 21.5 14 31 7.3 -0.1
FLEH Franklin FTSE Europe Hedged ETF 21.4 9 36 7.5 +0.1
RBIN Nationwide Risk-Based International Equity ETF 21.4 42 3 6.6 -0.8
FLJP Franklin FTSE Japan ETF 21.3 9 36 8.3 +0.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 21.3 16 29 7.5 0.0
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 21.2 30 15 8.1 +0.6
FLJH Franklin FTSE Japan Hedged ETF 21.0 9 36 8.3 +0.8
IDLV Invesco S&P International Developed Low Volatility ETF 21.0 25 20 7.1 -0.3
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 20.8 48 -3 0.0 -7.5
EWJE iShares MSCI Japan Equal Weighted ETF 20.6 15 30 7.5 +0.1
VGK Vanguard FTSE Europe ETF 20.4 8 37 7.8 +0.3
IEUR iShares Core MSCI Europe ETF 20.2 9 36 7.7 +0.2
FEU SPDR Portfolio Europe ETF 20.1 9 36 7.7 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 19.9 25 20 7.0 -0.4
QINT American Century Quality Diversified International ETF 19.8 39 6 6.2 -1.2
BBEU JPMorgan BetaBuilders Europe ETF 19.6 9 36 7.7 +0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 18.7 45 0 7.1 -0.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 18.7 25 20 8.1 +0.6
BBJP JPMorgan BetaBuilders Japan ETF 18.5 19 26 8.1 +0.7
JPXN iShares JPX-Nikkei 400 ETF 18.3 48 -3 7.9 +0.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 18.2 32 13 6.7 -0.8
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 18.2 9 36 8.3 +0.9
IDY Pacific Global International Equity Income ETF 18.0 39 6 9.3 +1.9
DWMF WisdomTree International Multifactor Fund 17.9 38 7 7.2 -0.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 17.8 30 15 5.0 -2.4
EFV iShares MSCI EAFE Value ETF 17.8 39 6 10.8 +3.3
EWJ iShares MSCI Japan ETF 17.7 49 -4 7.9 +0.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 17.6 45 0 7.9 +0.5
IEV iShares Europe ETF 17.4 59 -14 7.2 -0.3
FDT First Trust Developed Markets ex-US Alphadex Fund 17.2 80 -35 8.2 +0.8
QJPN SPDR MSCI Japan StrategicFactors ETF 17.2 14 31 8.4 +1.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 17.1 35 10 9.1 +1.6
VYMI Vanguard International High Dividend Yield ETF 17.1 32 13 10.8 +3.4
QWLD SPDR MSCI World StrategicFactors ETF 17.1 30 15 6.2 -1.3
SCIJ Global X Scientific Beta Japan ETF 15.9 39 6 7.6 +0.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 15.8 30 15 6.5 -1.0
FDEV Fidelity Targeted International Factor ETF 15.7 39 6 6.8 -0.6
SCZ iShares MSCI Eafe Small-Cap ETF 15.4 40 5 7.0 -0.4
JPMV iShares Edge MSCI Min Vol Japan ETF 15.3 30 15 7.3 -0.2
EUMV iShares Edge MSCI Min Vol Europe ETF 14.7 25 20 5.7 -1.8
URTH iShares MSCI World ETF 14.6 24 21 6.0 -1.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 14.5 20 25 6.5 -0.9
ISDS Invesco Strategic Developed ex-US Small Company ETF 14.5 35 10 6.1 -1.3
DOL WisdomTree International LargeCap Dividend Fund 14.5 48 -3 9.0 +1.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 14.1 20 25 6.6 -0.9
DTH WisdomTree DEFA Equity Income Fund 14.0 58 -13 10.3 +2.8

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 FTSE International Low Beta Equal Weight 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 8.4 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 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.