Invesco Strategic US ETF
ALTAR
Score™
6.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
31.3x P/Sales
ratio
1.0x
P/BV
ratio
2.3x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IUS tracks an index of stocks from large US firms. The index determines firm size by fundamental metrics and also screens by quality metrics. Stocks are weighted by firm size.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Sep 12, 2018
Assets (mns) $143
Currency USD
Expense ratio 19 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Fundamental
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 552
Wgt avg mkt cap (mns) $300,445
Large cap (>$10bn) 87.8%
Mid cap ($2-10bn) 10.6%
Small cap (<$2bn) 1.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.4 %
BERKSHIRE HATHAWAY INC-CL B 2.8 %
MICROSOFT CORP 2.3 %
ALPHABET INC. CLASS A 2.2 %
AT&T INC 2.1 %
EXXON MOBIL CORP 1.9 %
FACEBOOK 1.4 %
AMAZON.COM INC 1.3 %
CHEVRON CORP 1.3 %
VERIZON COMMUNICATIONS INC 1.2 %
Total 21.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.2 %
IRELAND 1.9 %
BRITAIN 1.5 %
SWITZERLAND 0.7 %
CANADA 0.3 %
BERMUDA 0.2 %
LUXEMBOURG 0.1 %
SINGAPORE 0.0 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.9% 3.4% -- -- 7.3%

Market Correlations
versus... Beta R-squared
S&P500 1.03 98%
MSCI EAFE 1.10 90%
MSCI Emg. Mkts. 0.78 73%

Technical Indicators
Recent close $27.50
30d moving avg. $26.30
Annualized volatility 21.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.2%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $204,431

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IUS Expense: 19 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IUS
Ticker Fund
Name
Overlap1
vs IUS
(%)
Expense
ratio
(bp)
Savings
vs IUS
(bp)
ALTAR
Score™
(%)
ALTAR
vs IUS
(%)
FNDX Schwab Fundamental U.S. Large Co. Index ETF 76.2 25 -6 6.1 -0.1
PRF Invesco FTSE RAFI US 1000 ETF 74.4 39 -20 6.5 +0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 73.2 25 -6 6.1 -0.1
VLU SPDR S&P 1500 Value Tilt ETF 66.6 12 7 7.0 +0.8
EPS WisdomTree U.S. Earnings 500 Fund 66.5 8 11 6.2 -0.0
RWL Invesco S&P 500 Revenue ETF 65.8 39 -20 6.8 +0.6
PBP Invesco S&P 500 BuyWrite ETF 63.6 49 -30 4.7 -1.5
JHML John Hancock Multifactor Large Cap ETF 63.1 29 -10 5.3 -0.9
HSPX Global X S&P 500 Covered Call ETF 63.1 65 -46 4.6 -1.7
SPY SPDR S&P 500 ETF Trust 62.3 9 10 5.1 -1.1
SPXN ProShares S&P 500 Ex-Financials ETF 62.3 27 -8 4.7 -1.5
SPLG SPDR Portfolio Large Cap ETF 62.3 3 16 5.2 -1.0
IVV iShares Core S&P 500 ETF 62.3 4 15 5.2 -1.1
VOO VANGUARD S&P 500 ETF 62.1 3 16 5.2 -1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 61.7 2 17 5.1 -1.2
SCHX Schwab U.S. Large-Cap ETF 61.7 3 16 5.1 -1.2
PBUS Invesco PureBeta MSCI USA ETF 61.3 4 15 5.0 -1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 61.2 20 -1 5.1 -1.1
SCHK Schwab 1000 Index ETF 61.1 5 14 5.0 -1.2
DIVB iShares U.S. Dividend & Buyback ETF 61.1 25 -6 6.3 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 61.0 3 16 5.3 -1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 61.0 7 12 5.0 -1.2
IYY iShares Dow Jones U.S. ETF 60.9 20 -1 4.9 -1.3
VV Vanguard Large-Cap Index Fund 60.8 4 15 5.0 -1.2
SPXE ProShares S&P 500 Ex-Energy ETF 60.7 27 -8 5.1 -1.2
VONE Vanguard Russell 1000 ETF 60.7 8 11 5.0 -1.3
IWB iShares Russell 1000 ETF 60.6 15 4 4.9 -1.3
SCHB Schwab U.S. Broad Market ETF 59.5 3 16 5.0 -1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 59.4 3 16 4.9 -1.3
IWV iShares Russell 3000 ETF 59.2 20 -1 4.8 -1.5
VTHR Vanguard Russell 3000 Index Fund 59.1 10 9 4.8 -1.4
VTI Vanguard Total Stock Market Index Fund 58.1 3 16 4.9 -1.4
SFY SoFi Select 500 ETF 57.7 0 19 5.0 -1.2
AVUS Avantis U.S. Equity ETF 57.7 15 4 5.4 -0.8
MGC Vanguard Mega Cap Index Fund 57.0 7 12 5.0 -1.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 56.4 25 -6 6.2 -0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 56.3 27 -8 4.7 -1.5
ESGU iShares MSCI USA ESG Optimized ETF 55.9 15 4 4.9 -1.4
BKLC BNY Mellon US Large Cap Core Equity ETF 55.6 0 19 4.9 -1.3
IUSV iShares Core S&P U.S. Value ETF 55.5 4 15 7.2 +0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 55.3 9 10 5.3 -0.9
IWL iShares Russell Top 200 ETF 55.3 15 4 4.7 -1.5
SPYV SPDR Portfolio S&P 500 Value ETF 55.2 4 15 7.1 +0.9
IVE iShares S&P 500 Value ETF 55.2 18 1 7.0 +0.8
VOOV Vanguard S&P 500 Value ETF 55.1 15 4 7.0 +0.8
IWD iShares Russell 1000 Value ETF 54.8 19 0 6.7 +0.5
VONV Vanguard Russell 1000 Value Index Fund 54.7 8 11 6.8 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 54.6 29 -10 5.0 -1.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 54.6 29 -10 5.8 -0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 54.4 20 -1 4.7 -1.5
DTD WisdomTree U.S.Total Dividend Fund 54.2 28 -9 6.4 +0.2
SPXT ProShares S&P 500 Ex-Technology ETF 54.2 27 -8 5.4 -0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 53.3 28 -9 6.2 -0.1
QUS SPDR MSCI USA StrategicFactors ETF 53.1 15 4 5.6 -0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 53.0 30 -11 6.2 -0.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 52.7 19 0 5.8 -0.5
SNPE Xtrackers S&P 500 ESG ETF 52.4 11 8 4.9 -1.4
ESGV Vanguard ESG U.S. Stock ETF 51.9 12 7 4.9 -1.3
IQSU IQ Candriam ESG US Equity ETF 51.3 9 10 4.9 -1.4
VTV Vanguard Value Index Fund 50.3 4 15 7.1 +0.9
TOK iShares MSCI Kokusai ETF 49.8 25 -6 5.3 -0.9
KOKU Xtrackers MSCI Kokusai Equity ETF 49.8 9 10 5.5 -0.7
OEF iShares S&P 100 ETF 49.2 20 -1 4.6 -1.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 48.2 12 7 4.5 -1.8
DGRO iShares Core Dividend Growth ETF 47.9 8 11 6.4 +0.1
ESG FlexShares STOXX US ESG Impact Index Fund 47.8 32 -13 4.8 -1.4
URTH iShares MSCI World ETF 47.0 24 -5 5.5 -0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 47.0 60 -41 3.9 -2.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 46.6 15 4 6.0 -0.2
SCHV Schwab U.S. Large-Cap Value ETF 46.2 4 15 6.9 +0.7
EXT WisdomTree U.S. Total Earnings Fund 45.9 28 -9 5.0 -1.2
RAFE PIMCO RAFI ESG U.S. ETF 44.9 29 -10 7.4 +1.2
AFLG First Trust Active Factor Large Cap ETF 44.9 55 -36 5.3 -1.0
IUSG iShares Core S&P US Growth ETF 44.6 4 15 4.2 -2.1
SPYG SPDR Portfolio S&P 500 Growth ETF 44.5 4 15 4.2 -2.1
VOOG Vanguard S&P 500 Growth ETF 44.4 10 9 4.1 -2.1
IVW iShares S&P 500 Growth ETF 44.4 18 1 4.0 -2.2
RSP Invesco S&P 500 Equal Weight ETF 44.4 20 -1 6.4 +0.1
RECS Columbia Research Enhanced Core ETF 44.3 15 4 5.4 -0.8
RNLC Large Cap US Equity Select ETF 44.1 60 -41 5.9 -0.3
EQWL Invesco Russell Top 200 Equal Weight ETF 44.0 25 -6 5.9 -0.3
ROUS Hartford Multifactor US Equity ETF 43.9 19 0 6.9 +0.7
IWX iShares Russell Top 200 Value ETF 43.8 20 -1 6.6 +0.4
JVAL JPMorgan U.S. Value Factor ETF 43.8 12 7 8.3 +2.1
MGV Vanguard Mega Cap Value ETF 43.6 7 12 7.0 +0.8
FVAL Fidelity Value Factor ETF 42.7 29 -10 7.6 +1.4
ACWI iShares MSCI ACWI ETF 42.3 32 -13 5.7 -0.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 41.7 9 10 5.8 -0.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 41.6 20 -1 5.9 -0.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 41.6 20 -1 5.9 -0.4
DSI iShares MSCI KLD 400 Social ETF 41.5 25 -6 5.0 -1.3
JQUA JPMorgan U.S. Quality Factor ETF 41.3 12 7 5.1 -1.1
NACP Impact Shares NAACP Minority Empowerment ETF 41.2 75 -56 4.6 -1.6
EUSA iShares MSCI USA Equal Weighted ETF 41.2 15 4 5.9 -0.3
USDY Pacific Global US Equity Income ETF 40.6 29 -10 7.0 +0.7
KRMA Global X Conscious Companies ETF 40.5 43 -24 4.9 -1.3
SIZE iShares Edge MSCI USA Size Factor ETF 40.2 15 4 6.0 -0.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 40.0 49 -30 3.8 -2.4
XLG Invesco S&P 500 Top 50 ETF 39.9 20 -1 4.3 -1.9
VEGN US Vegan Climate ETF 39.6 60 -41 5.0 -1.3

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 Strategic US 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 13.8 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.52
 
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.