Invesco S&P International Developed Momentum ETF
ALTAR
Score™
4.5% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
26.2x P/Sales
ratio
2.5x
P/BV
ratio
3.3x Div.
yield
2.1%


  • 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) $6
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) $86,453
Large cap (>$10bn) 90.9%
Mid cap ($2-10bn) 8.2%
Small cap (<$2bn) 0.2%
Developed mkts 99.0%
Emerging mkts 0.9%

TOP TEN HOLDINGS
NESTLE SA-REG 5.8 %
ROCHE HOLDING AG-GENUSSCHEIN 4.6 %
ASML HOLDING NV 4.4 %
CSL LIMITED 3.5 %
SHOPIFY, INC. CLASS A 3.4 %
LVMH MOET HENNESSY LOUIS VUI 2.4 %
IBERDROLA SA 2.4 %
ENEL SPA 2.2 %
NOVO NORDISK A/S-B 2.2 %
AIR LIQUIDE SA 1.8 %
Total 32.6 %

TOP COUNTRY EXPOSURE
SWITZERLAND 16.0 %
CANADA 14.5 %
JAPAN 12.8 %
AUSTRALIA 10.4 %
FRANCE 7.9 %
BRITAIN 6.1 %
NETHERLANDS 4.8 %
DENMARK 4.4 %
SWEDEN 4.0 %
GERMANY 3.6 %

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.
10.5% 19.1% 6.0% -- 4.8%

Market Correlations
versus... Beta R-squared
S&P500 0.77 75%
MSCI EAFE 0.91 87%
MSCI Emg. Mkts. 0.65 70%

Technical Indicators
Recent close $30.23
30d moving avg. $30.10
Annualized volatility 15.6%
Short interest (ETF) 1.4%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $5,667

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 4.5%


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 50.8 30 -4 4.3 -0.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 41.3 30 -4 5.9 +1.4
EFG iShares MSCI EAFE Growth ETF 38.1 40 -14 4.4 -0.1
IDHQ Invesco S&P International Developed Quality ETF 38.0 29 -3 4.9 +0.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 33.2 32 -6 5.9 +1.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 30.2 14 12 6.8 +2.3
QEFA SPDR MSCI EAFE Quality Mix ETF 29.7 30 -4 6.7 +2.3
IEV iShares Europe ETF 29.4 59 -33 6.7 +2.2
BBEU JPMorgan BetaBuilders Europe ETF 29.4 9 17 7.2 +2.7
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 29.2 30 -4 0.0 -4.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 28.8 45 -19 6.5 +2.0
FLEE Franklin FTSE Europe ETF 28.6 9 17 6.8 +2.4
IQSI IQ Candriam ESG International Equity ETF 28.4 15 11 7.2 +2.7
BKIE BNY Mellon International Equity ETF 28.2 4 22 7.3 +2.8
FLEH Franklin FTSE Europe Hedged ETF 28.0 9 17 7.0 +2.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 27.7 25 1 6.3 +1.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 27.3 25 1 6.6 +2.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 27.1 39 -13 6.4 +2.0
ESGD iShares MSCI EAFE ESG Optimized ETF 27.1 20 6 6.8 +2.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 26.4 20 6 6.9 +2.4
IEUR iShares Core MSCI Europe ETF 26.4 9 17 7.1 +2.6
GSID Goldman Sachs MarketBeta International Equity ETF 26.3 20 6 7.1 +2.7
VIGI Vanguard International Dividend Appreciation ETF 26.2 20 6 5.5 +1.0
VGK Vanguard FTSE Europe ETF 26.0 8 18 7.2 +2.8
EFA iShares MSCI EAFE ETF 25.6 32 -6 6.9 +2.4
FEU SPDR Portfolio Europe ETF 25.3 9 17 7.1 +2.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 25.2 35 -9 6.7 +2.3
OEUR O'shares FTSE Europe Quality Dividend ETF 24.8 48 -22 6.5 +2.1
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 24.5 35 -9 6.8 +2.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 24.2 45 -19 6.5 +2.1
FDEV Fidelity Targeted International Factor ETF 24.1 39 -13 6.3 +1.8
CIL VictoryShares International Volatility Weighted Index ETF 24.1 45 -19 6.6 +2.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 23.8 30 -4 0.0 -4.5
HFXI IQ 50 Percent Hedged FTSE International ETF 23.7 20 6 7.3 +2.8
SCHF Schwab International Equity ETF 23.6 6 20 7.2 +2.7
TPIF Timothy Plan International ETF 23.5 62 -36 6.1 +1.7
JHMD John Hancock Multifactor Developed International ETF 23.3 39 -13 7.2 +2.8
DOL WisdomTree International LargeCap Dividend Fund 23.2 48 -22 8.6 +4.1
RFDI First Trust Riverfront Dynamic Developed International ETF 23.1 83 -57 5.6 +1.1
IDEV iShares Core MSCI International Developed Markets ETF 23.0 5 21 7.1 +2.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 22.9 7 19 7.4 +2.9
IEFA iShares Core MSCI EAFE ETF 22.5 7 19 7.1 +2.7
RFEU First Trust Riverfront Dynamic Europe ETF 22.4 83 -57 5.7 +1.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 22.3 20 6 5.4 +0.9
EZU iShares MSCI Eurozone ETF 22.0 49 -23 6.4 +1.9
SPDW SPDR Portfolio Developed World ex-US ETF 21.9 4 22 7.0 +2.5
PIZ Invesco DWA Developed Markets Momentum ETF 21.7 81 -55 4.5 +0.1
EURZ Xtrackers Eurozone Equity ETF 21.4 9 17 6.9 +2.4
QINT American Century Quality Diversified International ETF 21.2 39 -13 6.0 +1.6
DWM WisdomTree International Equity Fund 21.1 48 -22 8.2 +3.7
VEA Vanguard FTSE Developed Markets ETF 21.0 5 21 7.3 +2.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 20.9 35 -9 8.5 +4.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 20.8 58 -32 5.8 +1.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 20.8 45 -19 6.5 +2.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 20.8 16 10 6.8 +2.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 20.7 24 2 7.0 +2.5
NUDM Nuveen ESG International Developed Markets Equity ETF 20.4 40 -14 6.6 +2.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 20.4 58 -32 7.7 +3.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 19.9 35 -9 8.5 +4.0
CWI SPDR MSCI ACWI ex-US ETF 19.9 30 -4 7.1 +2.6
RBIN Nationwide Risk-Based International Equity ETF 19.8 42 -16 6.0 +1.6
DWCR Arrow DWA Country Rotation ETF 19.5 95 -69 13.9 +9.4
RNDM Developed International Equity Select ETF 18.9 65 -39 6.2 +1.7
PDEV Principal International Multi-Factor Core Index ETF 18.8 25 1 7.7 +3.2
IQDG WisdomTree International Quality Dividend Growth Fund 18.7 42 -16 6.1 +1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 18.5 40 -14 7.0 +2.5
ACWX iShares MSCI ACWI ex U.S. ETF 18.5 32 -6 7.2 +2.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 18.5 58 -32 6.0 +1.5
SCID Global X Scientific Beta Europe ETF 18.4 39 -13 6.3 +1.8
MVIN Natixis Seeyond International Minimum Volatility ETF 18.3 56 -30 5.5 +1.1
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 18.2 61 -35 4.8 +0.4
IDY Pacific Global International Equity Income ETF 18.2 39 -13 7.9 +3.4
VSGX Vanguard ESG International Stock ETF 18.0 17 9 7.0 +2.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 17.3 47 -21 9.0 +4.6
VEU Vanguard FTSE All-World ex-US Index Fund 17.2 8 18 7.5 +3.0
FEZ SPDR EURO STOXX 50 ETF 16.9 29 -3 7.0 +2.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 16.4 29 -3 7.6 +3.1
IXUS ishares Core MSCI Total International Stock ETF 16.4 9 17 7.3 +2.8
IPAC iShares Core MSCI Pacific ETF 16.2 9 17 7.1 +2.7
IGRO iShares International Dividend Growth ETF 16.1 22 4 7.9 +3.4
JPIN JPMorgan Diversified Return International Equity ETF 16.1 37 -11 7.7 +3.3
ISZE iShares Edge MSCI Intl Size Factor ETF 16.0 30 -4 7.1 +2.6
FLSW Franklin FTSE Switzerland ETF 15.5 9 17 5.3 +0.9
IQDF FlexShares International Quality Dividend Index Fund 15.4 47 -21 8.9 +4.4
VGFO Virtus WMC Global Factor Opportunities ETF 15.4 49 -23 7.9 +3.4
EWL iShares MSCI Switzerland ETF 15.3 50 -24 4.9 +0.4
VXUS Vanguard Total International Stock Index Fund 15.3 8 18 7.4 +3.0
INTF iShares Edge MSCI Multifactor Intl ETF 15.3 30 -4 7.7 +3.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.8 45 -19 8.7 +4.2
FNDF Schwab Fundamental International Large Co. Index ETF 14.6 25 1 8.6 +4.2
SDGA Impact Shares Sustainable Development Goals Global ETF 14.6 75 -49 5.3 +0.9
IXJ iShares Global Healthcare ETF 14.0 46 -20 6.3 +1.8
ISDX Invesco Strategic Developed ex-US ETF 13.9 23 3 7.2 +2.7
LVIN Hartford Multifactor Low Volatility International Equity ETF 13.7 29 -3 11.4 +6.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 13.7 45 -19 7.0 +2.5
AVDE Avantis International Equity ETF 13.6 23 3 7.5 +3.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 13.4 39 -13 8.1 +3.7
IQIN IQ 500 International ETF 13.4 25 1 8.5 +4.0
VPL Vanguard FTSE Pacific ETF 13.4 8 18 7.4 +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 14.6 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 26 bp
Equals: ALTAR Score 4.5 %
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.