Invesco International BuyBack Achievers ETF
ALTAR
Score™
8.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
25.8x P/Sales
ratio
0.7x
P/BV
ratio
1.3x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco International BuyBack Achievers Portfolio is an exchange-traded fund incorporated in the USA. The Fund is based on the NASDAQ International BuyBack AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.

FUND BASICS
Category International Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Feb 24, 2014
Assets (mns) $83
Currency USD
Expense ratio 55 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Grantor Trust
Custodian Bank of New York Mellon/The
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 56
Wgt avg mkt cap (mns) $17,002
Large cap (>$10bn) 48.4%
Mid cap ($2-10bn) 38.9%
Small cap (<$2bn) 11.5%
Developed mkts 93.4%
Emerging mkts 5.0%

TOP TEN HOLDINGS
PADDY POWER PLC 8.7 %
YAHOO! JAPAN CORP 5.8 %
TOSHIBA CORP 5.5 %
MAGNA INTERNATIONAL INC-CL A 5.4 %
RIO TINTO PLC 4.7 %
ROYAL AHOLD DELHAIZE N.V. 4.5 %
THOMSON REUTERS CORPORATION 3.8 %
NTT DOCOMO, INC. 3.3 %
PANDORA A/S 3.2 %
ASM INTERNATIONAL N.V. 2.9 %
Total 47.7 %

TOP COUNTRY EXPOSURE
JAPAN 26.1 %
CANADA 25.4 %
NETHERLANDS 9.8 %
IRELAND 8.9 %
BRITAIN 7.7 %
GERMANY 4.3 %
SOUTH KOREA 4.2 %
DENMARK 4.1 %
AUSTRALIA 2.4 %
SWITZERLAND 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.3% -6.8% 3.2% -- 4.3%

Market Correlations
versus... Beta R-squared
S&P500 1.07 81%
MSCI EAFE 1.22 92%
MSCI Emg. Mkts. 0.93 85%

Technical Indicators
Recent close $29.15
30d moving avg. $28.65
Annualized volatility 20.1%
Short interest (ETF) 0.7%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 37
Turnover 1.3%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $2,787

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco International BuyBack Achievers ETF ETF based on the alternatives' overlap in portfolio holdings with IPKW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IPKW Expense: 55 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IPKW
Ticker Fund
Name
Overlap1
vs IPKW
(%)
Expense
ratio
(bp)
Savings
vs IPKW
(bp)
ALTAR
Score™
(%)
ALTAR
vs IPKW
(%)
FYLD Cambria Foreign Shareholder Yield ETF 11.9 59 -4 9.4 +0.7
ESGN Columbia Sustainable International Equity Income ETF 10.6 45 10 10.8 +2.1
FCAN First Trust Canada AlphaDex Fund 8.3 80 -25 4.8 -3.9
INTF iShares Edge MSCI Multifactor Intl ETF 7.0 30 25 8.0 -0.7
EWN iShares MSCI Netherlands ETF 6.4 50 5 5.3 -3.4
IDV iShares International Select Dividend ETF 6.4 49 6 10.1 +1.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.3 65 -10 11.1 +2.4
EFAS Global X MSCI SuperDividend EAFE ETF 6.2 56 -1 9.7 +1.0
BETZ Roundhill Sports Betting & iGaming ETF 6.1 75 -20 10.2 +1.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 5.7 20 35 9.5 +0.8
FKU First Trust United Kingdom AlphaDEX Fund 5.6 80 -25 9.3 +0.6
LVHI Legg Mason International Low Volatility High Dividend ETF 5.0 40 15 9.2 +0.5
IVAL Alpha Architect International Quantitative Value ETF 4.9 59 -4 10.5 +1.8
CRAK VanEck Vectors Oil Refiners ETF 4.7 60 -5 12.6 +3.9
PICK iShares MSCI Global Metals & Mining Producers ETF 4.7 39 16 7.6 -1.1
URA Global X Uranium ETF 4.7 71 -16 4.4 -4.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 4.6 58 -3 6.1 -2.6
IQDF FlexShares International Quality Dividend Index Fund 4.6 47 8 12.4 +3.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 4.4 29 26 8.8 +0.1
RFEU First Trust Riverfront Dynamic Europe ETF 4.3 83 -28 5.4 -3.3
BLOK Amplify Transformational Data Sharing ETF 4.2 70 -15 4.8 -3.9
PID Invesco International Dividend Achievers ETF 4.1 54 1 9.7 +1.0
DOO WisdomTree International Dividend ex-Financials Fund 4.0 58 -3 8.8 +0.1
FEUZ First Trust Eurozone AlphaDEX ETF 4.0 80 -25 7.8 -0.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 3.9 58 -3 6.3 -2.4
IQDG WisdomTree International Quality Dividend Growth Fund 3.9 38 17 6.4 -2.3
FEP First Trust Europe AlphaDEX Fund 3.9 80 -25 7.8 -0.9
FLGB Franklin FTSE United Kingdom ETF 3.8 9 46 7.6 -1.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 3.8 20 35 11.1 +2.4
MVIN Natixis Seeyond International Minimum Volatility ETF 3.7 56 -1 5.4 -3.3
ISDX Invesco Strategic Developed ex-US ETF 3.7 23 32 7.6 -1.1
FDT First Trust Developed Markets ex-US Alphadex Fund 3.7 80 -25 7.7 -1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.7 47 8 12.8 +4.1
IQDE FlexShares International Quality Dividend Defensive Index Fd 3.7 47 8 12.4 +3.7
DTH WisdomTree DEFA Equity Income Fund 3.6 58 -3 9.7 +1.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 3.6 29 26 12.3 +3.6
FJP First Trust Japan AlphaDEX Fund 3.5 80 -25 9.2 +0.5
EWC iShares MSCI Canada ETF 3.4 49 6 6.9 -1.8
FIVA Fidelity International Value Factor ETF 3.4 39 16 10.1 +1.4
IVLU iShares Edge MSCI Intl Value Factor ETF 3.4 30 25 11.4 +2.7
EWU iShares MSCI United Kingdom ETF 3.4 50 5 7.1 -1.6
MXI iShares Global Materials ETF 3.4 46 9 6.1 -2.6
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 3.4 45 10 10.0 +1.4
UIVM VictoryShares USAA MSCI International Value Momentum ETF 3.3 35 20 8.9 +0.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 3.2 30 25 6.1 -2.6
FID First Trust S&P International Dividend Aristocrats ETF 3.2 60 -5 9.8 +1.1
QGBR SPDR MSCI UK StrategicFactors ETF 3.2 14 41 7.6 -1.1
ARKF ARK Fintech Innovation ETF 3.1 75 -20 0.5 -8.2
HEDJ WisdomTree Europe Hedged Equity Fund 3.1 58 -3 6.9 -1.8
QINT American Century Quality Diversified International ETF 3.1 39 16 5.9 -2.8
RFDI First Trust Riverfront Dynamic Developed International ETF 3.1 83 -28 5.7 -3.0
IQIN IQ 500 International ETF 3.1 25 30 9.0 +0.3
IDY Pacific Global International Equity Income ETF 3.0 39 16 8.1 -0.6
BBCA JPMorgan BetaBuilders Canada ETF 3.0 19 36 7.1 -1.6
FLCA Franklin FTSE Canada ETF 3.0 9 46 7.4 -1.3
EUDV ProShares MSCI Europe Dividend Growers ETF 2.9 55 0 5.6 -3.1
GUNR Flexshares Morningstar Global Upstream Natural Resources 2.9 46 9 5.8 -2.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.9 39 16 6.7 -2.0
DOL WisdomTree International LargeCap Dividend Fund 2.9 48 7 8.6 -0.1
QCAN SPDR MSCI Canada Quality Mix ETF 2.9 14 41 7.2 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 2.8 25 30 8.9 +0.2
PDEV Principal International Multi-Factor Core Index ETF 2.8 25 30 8.0 -0.7
FDD First Trust Stoxx European Select Dividend Index Fund 2.8 58 -3 11.5 +2.8
OEUR O'shares FTSE Europe Quality Dividend ETF 2.8 48 7 6.6 -2.1
GRES IQ Global Resources ETF 2.7 77 -22 7.6 -1.1
ACWF iShares FactorSelect MSCI Global ETF 2.6 35 20 8.1 -0.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.6 39 16 11.1 +2.5
FDEV Fidelity Targeted International Factor ETF 2.6 39 16 6.5 -2.2
EDEN iShares MSCI Denmark Capped ETF 2.6 53 2 6.3 -2.4
CARZ First Trust NASDAQ Global Auto Index Fund 2.6 70 -15 15.2 +6.5
WDIV SPDR Global Dividend ETF 2.5 40 15 9.9 +1.2
FAUS First Trust Australia AlphaDEX Fund 2.5 80 -25 7.8 -0.9
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 2.5 83 -28 5.4 -3.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 2.5 24 31 7.3 -1.4
EWJV iShares MSCI Japan Value ETF 2.5 15 40 10.4 +1.7
GCOW Pacer Global High Dividend ETF 2.4 60 -5 10.4 +1.7
DWCR Arrow DWA Country Rotation ETF 2.4 95 -40 17.3 +8.6
DWM WisdomTree International Equity Fund 2.4 48 7 8.3 -0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.4 35 20 8.5 -0.2
JPMV iShares Edge MSCI Min Vol Japan ETF 2.4 30 25 6.5 -2.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 2.3 25 30 7.4 -1.3
IDHQ Invesco S&P International Developed Quality ETF 2.3 29 26 5.1 -3.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 2.3 32 23 6.4 -2.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.3 45 10 9.0 +0.3
DDEZ WisdomTree Europe Multifactor Fund 2.3 43 12 7.1 -1.6
FGM First Trust Germany AlphaDEX Fund 2.3 80 -25 6.8 -1.9
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 2.2 30 25 7.4 -1.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.2 80 -25 5.9 -2.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 2.2 25 30 6.7 -2.0
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 2.2 40 15 8.9 +0.2
QJPN SPDR MSCI Japan StrategicFactors ETF 2.2 14 41 7.8 -0.9
EFV iShares MSCI EAFE Value ETF 2.1 39 16 9.6 +0.9
HAP VanEck Vectors Natural Resources ETF 2.1 50 5 6.4 -2.3
RBIN Nationwide Risk-Based International Equity ETF 2.1 42 13 6.5 -2.2
QEFA SPDR MSCI EAFE Quality Mix ETF 2.1 30 25 6.9 -1.8
IMOM Alpha Architect International Quantitative Momentum ETF 2.1 59 -4 3.4 -5.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.1 59 -4 11.3 +2.6
IDOG ALPS International Sector Dividend Dogs ETF 2.1 50 5 11.0 +2.3
JPGE JPMorgan Diversified Return Global Equity ETF 2.1 29 26 7.5 -1.2
EWJ iShares MSCI Japan ETF 2.0 49 6 7.3 -1.4

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 International BuyBack Achievers ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.0 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.