Invesco Strategic US ETF
ALTAR
Score™
5.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
34.8x P/Sales
ratio
1.2x
P/BV
ratio
2.7x Div.
yield
1.8%


  • 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) $161
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 547
Wgt avg mkt cap (mns) $331,700
Large cap (>$10bn) 88.4%
Mid cap ($2-10bn) 10.6%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.6 %
BERKSHIRE HATHAWAY INC-CL B 2.7 %
ALPHABET INC. CLASS A 2.3 %
MICROSOFT CORP 2.0 %
EXXON MOBIL CORP 1.8 %
AT&T INC 1.6 %
FORD MOTOR CO 1.4 %
GENERAL MOTORS CO 1.4 %
FACEBOOK 1.2 %
CHEVRON CORP 1.2 %
Total 21.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.0 %
IRELAND 2.0 %
BRITAIN 1.5 %
SWITZERLAND 0.7 %
CANADA 0.3 %
BERMUDA 0.3 %
LUXEMBOURG 0.1 %
SINGAPORE 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.0% 15.0% -- -- 15.6%

Market Correlations
versus... Beta R-squared
S&P500 1.08 97%
MSCI EAFE 1.06 91%
MSCI Emg. Mkts. 0.84 68%

Technical Indicators
Recent close $32.48
30d moving avg. $31.66
Annualized volatility 22.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.3%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $230,698

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 5.5%


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 75.4 25 -6 5.7 +0.3
PRF Invesco FTSE RAFI US 1000 ETF 72.9 39 -20 5.7 +0.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 71.3 25 -6 5.7 +0.2
VLU SPDR S&P 1500 Value Tilt ETF 64.7 12 7 6.2 +0.7
RWL Invesco S&P 500 Revenue ETF 63.9 39 -20 6.3 +0.8
PBP Invesco S&P 500 BuyWrite ETF 61.5 49 -30 4.3 -1.2
XYLG Global X S&P 500 Covered Call & Growth ETF 61.1 60 -41 4.4 -1.1
VOOV Vanguard S&P 500 Value ETF 60.8 10 9 6.6 +1.1
JHML John Hancock Multifactor Large Cap ETF 60.6 29 -10 4.9 -0.6
SPY SPDR S&P 500 ETF Trust 60.6 9 10 4.7 -0.8
SPLG SPDR Portfolio Large Cap ETF 60.6 3 16 4.7 -0.8
IVV iShares Core S&P 500 ETF 60.5 3 16 4.7 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 60.5 8 11 5.9 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 60.3 27 -8 4.3 -1.1
DFAU Dimensional US Core Equity Market ETF 60.0 12 7 4.7 -0.8
VOO VANGUARD S&P 500 ETF 59.9 3 16 4.8 -0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 59.6 20 -1 4.8 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 59.5 2 17 4.6 -0.9
SCHX Schwab U.S. Large-Cap ETF 59.3 3 16 4.6 -0.9
SPTM SPDR Portfolio Total Stock Market ETF 59.3 3 16 4.8 -0.7
PBUS Invesco PureBeta MSCI USA ETF 59.2 4 15 4.6 -0.9
SCHK Schwab 1000 Index ETF 59.2 5 14 4.6 -0.9
IWB iShares Russell 1000 ETF 58.9 15 4 4.5 -1.0
DIVB iShares U.S. Dividend & Buyback ETF 58.8 25 -6 5.9 +0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 58.8 7 12 4.5 -1.0
IYY iShares Dow Jones U.S. ETF 58.8 20 -1 4.4 -1.1
VV Vanguard Large-Cap Index Fund 58.8 4 15 4.6 -0.9
SPXE ProShares S&P 500 Ex-Energy ETF 58.5 27 -8 4.6 -0.9
ESGV Vanguard ESG U.S. Stock ETF 58.5 12 7 4.5 -1.0
VTHR Vanguard Russell 3000 Index Fund 58.2 10 9 4.4 -1.1
IUSV iShares Core S&P U.S. Value ETF 57.9 4 15 6.5 +1.0
SPYV SPDR Portfolio S&P 500 Value ETF 57.3 4 15 6.5 +1.0
IVE iShares S&P 500 Value ETF 57.3 18 1 6.3 +0.8
SCHB Schwab U.S. Broad Market ETF 57.1 3 16 4.5 -1.0
IWV iShares Russell 3000 ETF 57.1 20 -1 4.3 -1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 56.9 3 16 4.4 -1.1
AVUS Avantis U.S. Equity ETF 56.2 15 4 4.8 -0.7
XVV iShares ESG Screened S&P 500 ETF 56.2 8 11 4.9 -0.6
VONE Vanguard Russell 1000 ETF 56.0 8 11 4.6 -0.9
SFY SoFi Select 500 ETF 56.0 0 19 4.6 -0.9
VTI Vanguard Total Stock Market Index Fund 55.6 3 16 4.4 -1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 55.5 30 -11 5.1 -0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 55.3 20 -1 4.6 -0.9
MGC Vanguard Mega Cap Index Fund 55.3 7 12 4.6 -0.9
VONV Vanguard Russell 1000 Value Index Fund 54.9 8 11 6.2 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 54.8 27 -8 4.3 -1.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 54.5 15 4 4.7 -0.8
ESGU iShares MSCI USA ESG Optimized ETF 53.8 15 4 4.4 -1.1
CATH Global X S&P 500 Catholic Values Custom ETF 53.7 29 -10 4.6 -0.9
IWD iShares Russell 1000 Value ETF 53.6 19 0 6.1 +0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 53.4 9 10 4.8 -0.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 53.4 25 -6 4.9 -0.6
IWL iShares Russell Top 200 ETF 53.2 15 4 4.4 -1.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 52.8 30 -11 5.3 -0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 52.6 0 19 4.4 -1.0
SCHV Schwab U.S. Large-Cap Value ETF 52.3 4 15 6.1 +0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 51.6 19 0 5.3 -0.2
SPXT ProShares S&P 500 Ex-Technology ETF 51.6 27 -8 4.9 -0.6
IQSU IQ Candriam ESG US Equity ETF 50.4 9 10 4.5 -1.0
EFIV SPDR S&P 500 ESG ETF 50.2 10 9 4.6 -0.9
SNPE Xtrackers S&P 500 ESG ETF 50.2 10 9 4.6 -0.9
QUS SPDR MSCI USA StrategicFactors ETF 49.8 15 4 5.3 -0.2
VTV Vanguard Value Index Fund 49.8 4 15 6.6 +1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 48.6 12 7 4.0 -1.5
KOKU Xtrackers MSCI Kokusai Equity ETF 48.2 9 10 5.0 -0.5
TOK iShares MSCI Kokusai ETF 48.1 25 -6 4.9 -0.6
OEF iShares S&P 100 ETF 46.8 20 -1 4.2 -1.3
ESG FlexShares STOXX US ESG Impact Index Fund 46.7 32 -13 4.5 -1.0
DTD WisdomTree U.S.Total Dividend Fund 46.1 28 -9 6.2 +0.8
RESP WisdomTree US ESG Fund of Benef Interest 45.9 28 -9 5.0 -0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 45.6 15 4 0.0 -5.5
DLN WisdomTree U.S. LargeCap Dividend Fund 45.6 28 -9 6.1 +0.6
AFLG First Trust Active Factor Large Cap ETF 45.3 55 -36 4.7 -0.8
URTH iShares MSCI World ETF 45.3 24 -5 5.0 -0.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 44.8 60 -41 3.6 -1.9
RSP Invesco S&P 500 Equal Weight ETF 44.6 20 -1 5.6 +0.2
JVAL JPMorgan U.S. Value Factor ETF 43.8 12 7 7.1 +1.7
EQWL Invesco Russell Top 200 Equal Weight ETF 42.9 25 -6 5.6 +0.1
MGV Vanguard Mega Cap Value ETF 42.7 7 12 6.5 +1.0
ROUS Hartford Multifactor US Equity ETF 42.6 19 0 5.8 +0.4
FVAL Fidelity Value Factor ETF 42.3 29 -10 6.8 +1.3
IWX iShares Russell Top 200 Value ETF 41.9 20 -1 6.1 +0.6
RNLC Large Cap US Equity Select ETF 41.9 60 -41 5.2 -0.2
DGRO iShares Core Dividend Growth ETF 41.6 8 11 6.0 +0.5
RECS Columbia Research Enhanced Core ETF 41.3 15 4 5.1 -0.4
EUSA iShares MSCI USA Equal Weighted ETF 41.3 15 4 5.2 -0.3
KRMA Global X Conscious Companies ETF 41.2 43 -24 4.8 -0.6
RAFE PIMCO RAFI ESG U.S. ETF 41.1 30 -11 6.7 +1.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 40.5 9 10 5.0 -0.5
SIZE iShares MSCI USA Size Factor ETF 40.4 15 4 5.2 -0.3
ACWI iShares MSCI ACWI ETF 40.3 32 -13 5.1 -0.4
HIPR Direxion High Growth ETF 40.2 40 -21 3.8 -1.7
VOOG Vanguard S&P 500 Growth ETF 40.2 10 9 3.9 -1.6
DSI iShares MSCI KLD 400 Social ETF 40.0 25 -6 4.6 -0.9
NACP Impact Shares NAACP Minority Empowerment ETF 39.9 49 -30 4.7 -0.8
IUSG iShares Core S&P US Growth ETF 39.8 4 15 3.6 -1.9
SPYG SPDR Portfolio S&P 500 Growth ETF 39.8 4 15 3.6 -1.9
IVW iShares S&P 500 Growth ETF 39.7 18 1 3.5 -2.0

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 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 2.4 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.49
 
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.