Invesco S&P International Developed Momentum ETF
ALTAR
Score™
3.9% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
30.9x P/Sales
ratio
3.1x
P/BV
ratio
4.1x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P International Developed Momentum Portfolio is based on the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, which tracks the performance of stocks in the S&P Developed ex U.S. & South Korea LargeMidCap Index that have the highest momentum score.

FUND BASICS
Category International Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Feb 23, 2012
Assets (mns) $8
Currency USD
Expense ratio 26 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Momentum
Index replication n/a
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 217
Wgt avg mkt cap (mns) $61,922
Large cap (>$10bn) 88.9%
Mid cap ($2-10bn) 8.5%
Small cap (<$2bn) 0.4%
Developed mkts 98.0%
Emerging mkts 2.0%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 4.3 %
SHOPIFY, INC. CLASS A 4.1 %
ASML HOLDING NV 4.1 %
ASTRAZENECA PLC 2.7 %
NOVO NORDISK A/S-B 2.5 %
SONY CORP 2.4 %
KEYENCE CORP 2.3 %
ADYEN NV 2.2 %
SANOFI-AVENTIS 2.1 %
SEA LTD. (SINGAPORE) SPONSORED ADR 2.1 %
Total 28.8 %

TOP COUNTRY EXPOSURE
JAPAN 29.0 %
CANADA 9.2 %
SWITZERLAND 8.2 %
NETHERLANDS 7.7 %
BRITAIN 7.2 %
DENMARK 6.0 %
FRANCE 5.4 %
GERMANY 4.4 %
SWEDEN 3.4 %
SINGAPORE 2.5 %

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.
5.3% 10.1% 4.9% -- 4.1%

Market Correlations
versus... Beta R-squared
S&P500 0.76 76%
MSCI EAFE 0.90 87%
MSCI Emg. Mkts. 0.64 69%

Technical Indicators
Recent close $31.06
30d moving avg. $30.45
Annualized volatility 15.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 477
Turnover 190.8%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $14,349

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Invesco S&P International Developed Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with IDMO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IDMO Expense: 26 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IDMO
Ticker Fund
Name
Overlap1
vs IDMO
(%)
Expense
ratio
(bp)
Savings
vs IDMO
(bp)
ALTAR
Score™
(%)
ALTAR
vs IDMO
(%)
IMTM iShares Edge MSCI Intl Momentum Factor ETF 61.8 30 -4 4.3 +0.4
EFG iShares MSCI EAFE Growth ETF 36.8 40 -14 4.3 +0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 31.7 14 12 6.4 +2.5
IDHQ Invesco S&P International Developed Quality ETF 31.1 29 -3 4.8 +0.9
DMXF iShares ESG Advanced MSCI EAFE ETF 29.3 12 14 6.4 +2.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 28.9 30 -4 5.6 +1.7
JIG JPMorgan International Growth ETF 28.2 55 -29 2.9 -1.0
RBIN Nationwide Risk-Based International Equity ETF 26.8 42 -16 6.1 +2.2
IQSI IQ Candriam ESG International Equity ETF 26.7 15 11 6.9 +3.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 26.7 35 -9 8.2 +4.3
EWJ iShares MSCI Japan ETF 25.5 49 -23 6.4 +2.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 25.5 45 -19 6.5 +2.6
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 25.3 9 17 6.9 +3.0
JPXN iShares JPX-Nikkei 400 ETF 25.3 48 -22 6.5 +2.6
BBJP JPMorgan BetaBuilders Japan ETF 25.1 19 7 6.7 +2.8
BKIE BNY Mellon International Equity ETF 25.1 4 22 6.8 +2.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 25.0 32 -6 5.8 +1.9
QJPN SPDR MSCI Japan StrategicFactors ETF 24.7 14 12 6.9 +3.0
FLJH Franklin FTSE Japan Hedged ETF 24.4 9 17 6.9 +3.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 24.3 58 -32 6.0 +2.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 24.3 25 1 6.6 +2.7
FLJP Franklin FTSE Japan ETF 24.3 9 17 6.9 +2.9
IQDG WisdomTree International Quality Dividend Growth Fund 24.2 42 -16 6.1 +2.2
GSID Goldman Sachs MarketBeta International Equity ETF 24.1 20 6 6.8 +2.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 24.1 20 6 6.6 +2.7
ESGD iShares MSCI EAFE ESG Optimized ETF 24.0 20 6 6.4 +2.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 23.9 45 -19 6.3 +2.4
BBEU JPMorgan BetaBuilders Europe ETF 23.8 9 17 6.9 +3.0
FLEH Franklin FTSE Europe Hedged ETF 23.8 9 17 6.7 +2.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 23.7 35 -9 6.4 +2.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 23.7 39 -13 6.1 +2.2
IEV iShares Europe ETF 23.7 59 -33 6.4 +2.5
FLEE Franklin FTSE Europe ETF 23.6 9 17 6.6 +2.7
EFA iShares MSCI EAFE ETF 23.3 32 -6 6.5 +2.6
RESD WisdomTree International ESG Fund 23.1 30 -4 6.4 +2.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 22.8 25 1 6.3 +2.4
HFXI IQ 50 Percent Hedged FTSE International ETF 22.4 20 6 6.9 +3.0
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 22.4 35 -9 6.3 +2.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 22.1 25 1 6.1 +2.2
QINT American Century Quality Diversified International ETF 22.1 39 -13 6.0 +2.0
CIL VictoryShares International Volatility Weighted Index ETF 22.1 45 -19 6.5 +2.6
EZU iShares MSCI Eurozone ETF 21.7 49 -23 6.1 +2.2
QEFA SPDR MSCI EAFE Quality Mix ETF 21.6 30 -4 6.3 +2.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 21.6 7 19 6.9 +3.0
DOL WisdomTree International LargeCap Dividend Fund 21.5 48 -22 8.5 +4.5
VGK Vanguard FTSE Europe ETF 21.3 8 18 6.9 +3.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 21.3 16 10 6.4 +2.5
IEUR iShares Core MSCI Europe ETF 21.3 9 17 6.8 +2.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 21.2 45 -19 6.2 +2.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 21.1 58 -32 5.8 +1.9
EURZ Xtrackers Eurozone Equity ETF 21.1 9 17 6.5 +2.6
JHMD John Hancock Multifactor Developed International ETF 20.9 39 -13 6.8 +2.9
SCHF Schwab International Equity ETF 20.9 6 20 6.8 +2.9
IEFA iShares Core MSCI EAFE ETF 20.8 7 19 6.7 +2.8
FEU SPDR Portfolio Europe ETF 20.7 9 17 6.9 +3.0
TPIF Timothy Plan International ETF 20.3 62 -36 6.1 +2.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 20.2 45 -19 6.5 +2.6
IPAC iShares Core MSCI Pacific ETF 20.2 9 17 6.6 +2.7
IDEV iShares Core MSCI International Developed Markets ETF 19.8 5 21 6.7 +2.8
SPDW SPDR Portfolio Developed World ex-US ETF 19.4 4 22 6.5 +2.6
RFDI First Trust Riverfront Dynamic Developed International ETF 19.3 83 -57 5.2 +1.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 18.9 58 -32 5.5 +1.6
FDEV Fidelity Targeted International Factor ETF 18.7 39 -13 6.2 +2.3
VEA Vanguard FTSE Developed Markets ETF 18.6 5 21 6.9 +3.0
NUDM Nuveen ESG International Developed Markets Equity ETF 18.5 40 -14 6.2 +2.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 18.4 35 -9 8.3 +4.4
VSGX Vanguard ESG International Stock ETF 18.4 17 9 6.7 +2.8
DWM WisdomTree International Equity Fund 18.3 48 -22 8.1 +4.1
DWMF WisdomTree International Multifactor Fund 18.1 38 -12 6.2 +2.3
VIGI Vanguard International Dividend Appreciation ETF 18.0 20 6 5.2 +1.3
PIZ Invesco DWA Developed Markets Momentum ETF 17.9 81 -55 4.4 +0.5
RFEU First Trust Riverfront Dynamic Europe ETF 17.8 83 -57 5.6 +1.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 17.6 20 6 5.1 +1.2
FEZ SPDR EURO STOXX 50 ETF 17.2 29 -3 6.3 +2.4
PDEV Principal International Multi-Factor Core Index ETF 16.9 25 1 7.3 +3.4
IMOM Alpha Architect International Quantitative Momentum ETF 16.8 59 -33 3.1 -0.8
VPL Vanguard FTSE Pacific ETF 16.7 8 18 6.8 +2.9
IDY Pacific Global International Equity Income ETF 16.5 39 -13 8.7 +4.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 16.4 40 -14 6.6 +2.7
IXJ iShares Global Healthcare ETF 16.4 46 -20 6.4 +2.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 16.2 45 -19 6.2 +2.3
CWI SPDR MSCI ACWI ex-US ETF 16.1 30 -4 6.7 +2.8
OEUR O'shares FTSE Europe Quality Dividend ETF 15.9 48 -22 6.6 +2.7
ACWX iShares MSCI ACWI ex U.S. ETF 15.8 32 -6 6.7 +2.8
IDLV Invesco S&P International Developed Low Volatility ETF 15.7 25 1 6.2 +2.3
MVIN Natixis Seeyond International Minimum Volatility ETF 15.6 56 -30 5.5 +1.6
VGFO Virtus WMC Global Factor Opportunities ETF 15.5 49 -23 7.6 +3.6
DWCR Arrow DWA Country Rotation ETF 15.1 95 -69 5.5 +1.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 15.1 24 2 6.7 +2.8
ISZE iShares Edge MSCI Intl Size Factor ETF 15.1 30 -4 6.6 +2.7
VEU Vanguard FTSE All-World ex-US Index Fund 15.0 8 18 7.0 +3.1
FDNI First Trust Dow Jones International Internet ETF 14.9 65 -39 2.4 -1.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 14.9 29 -3 7.3 +3.4
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 14.9 83 -57 5.2 +1.3
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 14.6 61 -35 4.9 +1.0
RNDM Developed International Equity Select ETF 14.2 65 -39 5.8 +1.9
JPIN JPMorgan Diversified Return International Equity ETF 14.2 37 -11 7.3 +3.4
IXUS ishares Core MSCI Total International Stock ETF 14.2 9 17 6.9 +3.0

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 Momentum 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 15.7 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 26 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.