Invesco FTSE International Low Beta Equal Weight ETF
ALTAR
Score™
6.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
19.6x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
2.7%


  • 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) $10
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 684
Wgt avg mkt cap (mns) $17,016
Large cap (>$10bn) 39.4%
Mid cap ($2-10bn) 49.8%
Small cap (<$2bn) 10.2%
Developed mkts 89.7%
Emerging mkts 10.3%

TOP TEN HOLDINGS
CAPITAMALL TRUST 0.3 %
HONAM PETROCHEMICAL CORP 0.2 %
TOHO GAS CO LTD 0.2 %
KOREA KUMHO PETROCHEMICAL CO 0.2 %
HUABAO INTERNATIONAL HOLDING 0.2 %
RSA INSURANCE GROUP PLC 0.2 %
WHITEHAVEN COAL LTD 0.2 %
BANKIA, S.A. 0.2 %
SINGAPORE AIRPORT TERMINAL S 0.2 %
HOSHIZAKI ELECTRIC CO LTD 0.2 %
Total 2.2 %

TOP COUNTRY EXPOSURE
JAPAN 31.9 %
SOUTH KOREA 8.2 %
BRITAIN 6.2 %
AUSTRALIA 5.8 %
GERMANY 4.6 %
FRANCE 4.4 %
HONG KONG 3.9 %
CANADA 3.7 %
SINGAPORE 3.4 %
SWEDEN 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.8% -4.6% -- -- 3.5%

Market Correlations
versus... Beta R-squared
S&P500 0.73 82%
MSCI EAFE 0.85 93%
MSCI Emg. Mkts. 0.60 71%

Technical Indicators
Recent close $28.64
30d moving avg. $27.46
Annualized volatility 14.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.49%
ADV underlying (mns) $26,533

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 6.2%


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
(%)
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 45.6 24 21 6.7 +0.5
CIL VictoryShares International Volatility Weighted Index ETF 41.6 45 0 6.5 +0.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 41.3 45 0 6.5 +0.3
ISZE iShares Edge MSCI Intl Size Factor ETF 38.4 30 15 6.6 +0.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 33.7 25 20 6.3 +0.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 33.6 29 16 7.3 +1.1
SCHF Schwab International Equity ETF 32.7 6 39 6.8 +0.6
TPIF Timothy Plan International ETF 31.8 62 -17 6.1 -0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 31.8 39 6 6.1 -0.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 31.6 7 38 6.9 +0.7
JPIN JPMorgan Diversified Return International Equity ETF 31.2 37 8 7.3 +1.1
HFXI IQ 50 Percent Hedged FTSE International ETF 31.0 20 25 6.9 +0.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 30.4 29 16 7.3 +1.1
VEA Vanguard FTSE Developed Markets ETF 30.3 5 40 6.9 +0.7
PDEV Principal International Multi-Factor Core Index ETF 30.0 25 20 7.3 +1.1
SPDW SPDR Portfolio Developed World ex-US ETF 29.9 4 41 6.5 +0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 29.3 30 15 6.3 +0.1
IDEV iShares Core MSCI International Developed Markets ETF 29.2 5 40 6.7 +0.5
JHMD John Hancock Multifactor Developed International ETF 29.0 39 6 6.8 +0.6
GSID Goldman Sachs MarketBeta International Equity ETF 28.9 20 25 6.8 +0.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 28.8 35 10 6.4 +0.2
EFA iShares MSCI EAFE ETF 28.6 32 13 6.5 +0.3
IEFA iShares Core MSCI EAFE ETF 28.6 7 38 6.7 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 28.6 20 25 6.6 +0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 28.6 35 10 8.3 +2.1
BKIE BNY Mellon International Equity ETF 28.1 4 41 6.8 +0.6
RNDM Developed International Equity Select ETF 27.6 65 -20 5.8 -0.4
VSGX Vanguard ESG International Stock ETF 27.5 17 28 6.7 +0.5
DWM WisdomTree International Equity Fund 27.3 48 -3 8.1 +1.9
ESGD iShares MSCI EAFE ESG Optimized ETF 26.9 20 25 6.4 +0.2
VEU Vanguard FTSE All-World ex-US Index Fund 26.4 8 37 7.0 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 25.8 40 5 6.6 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 25.7 32 13 6.7 +0.5
AVDE Avantis International Equity ETF 25.0 23 22 7.1 +0.9
EFG iShares MSCI EAFE Growth ETF 24.9 40 5 4.3 -1.9
IXUS ishares Core MSCI Total International Stock ETF 24.9 9 36 6.9 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 24.8 45 0 8.0 +1.8
FNDF Schwab Fundamental International Large Co. Index ETF 24.4 25 20 8.0 +1.8
RBIN Nationwide Risk-Based International Equity ETF 24.2 42 3 6.1 -0.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 23.8 20 25 5.1 -1.1
DMXF iShares ESG Advanced MSCI EAFE ETF 23.8 12 33 6.4 +0.2
VPL Vanguard FTSE Pacific ETF 23.6 8 37 6.8 +0.6
QINT American Century Quality Diversified International ETF 23.5 39 6 6.0 -0.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 23.4 30 15 4.3 -1.9
CWI SPDR MSCI ACWI ex-US ETF 22.8 30 15 6.7 +0.5
IQSI IQ Candriam ESG International Equity ETF 22.7 15 30 6.9 +0.7
VXUS Vanguard Total International Stock Index Fund 22.7 8 37 7.0 +0.8
IPAC iShares Core MSCI Pacific ETF 22.6 9 36 6.6 +0.4
RESD WisdomTree International ESG Fund 22.6 30 15 6.4 +0.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 22.3 49 -4 5.7 -0.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 22.3 25 20 6.1 -0.1
IDLV Invesco S&P International Developed Low Volatility ETF 22.2 25 20 6.2 +0.0
DIM WisdomTree International MidCap Dividend Fund 22.1 58 -13 7.0 +0.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 22.1 39 6 7.4 +1.2
DWMF WisdomTree International Multifactor Fund 21.8 38 7 6.2 -0.0
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 21.6 35 10 6.3 +0.1
FLEH Franklin FTSE Europe Hedged ETF 21.2 9 36 6.7 +0.5
FLEE Franklin FTSE Europe ETF 21.1 9 36 6.6 +0.4
FNDC Schwab Fundamental International Small Co. Index ETF 20.8 39 6 6.3 +0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.6 14 31 6.4 +0.2
ISDX Invesco Strategic Developed ex-US ETF 20.5 23 22 6.6 +0.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 20.4 30 15 5.6 -0.6
IQIN IQ 500 International ETF 20.3 25 20 7.8 +1.6
VGK Vanguard FTSE Europe ETF 20.2 8 37 6.9 +0.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 20.0 16 29 6.4 +0.2
IEUR iShares Core MSCI Europe ETF 19.9 9 36 6.8 +0.6
FEU SPDR Portfolio Europe ETF 19.9 9 36 6.9 +0.7
BBEU JPMorgan BetaBuilders Europe ETF 19.6 9 36 6.9 +0.7
DOL WisdomTree International LargeCap Dividend Fund 19.5 48 -3 8.5 +2.3
FLJH Franklin FTSE Japan Hedged ETF 19.4 9 36 6.9 +0.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 19.4 45 0 6.3 +0.1
FLJP Franklin FTSE Japan ETF 19.3 9 36 6.9 +0.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 18.9 35 10 8.2 +2.0
EWJE iShares MSCI Japan Equal Weighted ETF 18.9 15 30 6.6 +0.4
FDEV Fidelity Targeted International Factor ETF 18.4 39 6 6.2 +0.0
VGFO Virtus WMC Global Factor Opportunities ETF 17.7 49 -4 7.6 +1.4
IDY Pacific Global International Equity Income ETF 17.7 39 6 8.7 +2.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 17.5 32 13 5.8 -0.4
BBJP JPMorgan BetaBuilders Japan ETF 17.4 19 26 6.7 +0.5
IEV iShares Europe ETF 17.2 59 -14 6.4 +0.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 17.1 25 20 6.6 +0.4
EWJ iShares MSCI Japan ETF 16.7 49 -4 6.4 +0.2
IDHQ Invesco S&P International Developed Quality ETF 16.7 29 16 4.8 -1.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 16.5 45 0 6.5 +0.3
EFV iShares MSCI EAFE Value ETF 16.5 39 6 8.7 +2.5
QWLD SPDR MSCI World StrategicFactors ETF 16.4 30 15 5.7 -0.5
JPXN iShares JPX-Nikkei 400 ETF 16.4 48 -3 6.5 +0.3
VYMI Vanguard International High Dividend Yield ETF 16.3 27 18 9.4 +3.2
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 16.3 9 36 6.9 +0.7
IDMO Invesco S&P International Developed Momentum ETF 16.2 26 19 3.9 -2.3
QJPN SPDR MSCI Japan StrategicFactors ETF 16.0 14 31 6.9 +0.7
FDT First Trust Developed Markets ex-US Alphadex Fund 15.3 80 -35 8.1 +1.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 14.8 45 0 6.2 +0.0
DTH WisdomTree DEFA Equity Income Fund 14.7 58 -13 9.5 +3.3
URTH iShares MSCI World ETF 14.7 24 21 5.2 -1.0
EURZ Xtrackers Eurozone Equity ETF 14.6 9 36 6.5 +0.3
LVIN Hartford Multifactor Low Volatility International Equity ETF 14.3 29 16 10.9 +4.7

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 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 8.9 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.55
 
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.