Invesco Strategic US Small Company ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
555.8x P/Sales
ratio
0.7x
P/BV
ratio
1.4x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IUSS tracks an index of stocks from small 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) $29
Currency USD
Expense ratio 23 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 1215
Wgt avg mkt cap (mns) $4,921
Large cap (>$10bn) 10.3%
Mid cap ($2-10bn) 45.8%
Small cap (<$2bn) 43.9%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NABORS INDUSTRIES LTD 0.5 %
OWENS & MINOR INC 0.5 %
COMMUNITY HEALTH SYSTEMS INC 0.4 %
PENN NATIONAL GAMING INC 0.3 %
SQUARE, INC. CLASS A 0.3 %
QEP RESOURCES 0.3 %
TUPPERWARE BRANDS CORP 0.3 %
OASIS PETROLEUM INC 0.3 %
MEDNAX INC 0.3 %
AARON'S INC 0.3 %
Total 3.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.1 %
BERMUDA 1.7 %
BRITAIN 1.2 %
IRELAND 0.6 %
CAYMAN ISLANDS 0.3 %
ARGENTINA 0.2 %
NETHERLANDS 0.2 %
CANADA 0.2 %
LUXEMBOURG 0.1 %
MONACO 0.1 %

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.
-10.9% -5.7% -- -- -0.1%

Market Correlations
versus... Beta R-squared
S&P500 1.24 91%
MSCI EAFE 1.39 92%
MSCI Emg. Mkts. 1.00 77%

Technical Indicators
Recent close $22.88
30d moving avg. $21.51
Annualized volatility 27.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.3%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $52,340

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IUSS Expense: 23 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IUSS
Ticker Fund
Name
Overlap1
vs IUSS
(%)
Expense
ratio
(bp)
Savings
vs IUSS
(bp)
ALTAR
Score™
(%)
ALTAR
vs IUSS
(%)
FNDA Schwab Fundamental U.S. Small Co. Index ETF 59.0 25 -2 6.2 +1.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 50.8 39 -16 4.0 -1.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 44.4 6 17 5.0 -0.2
SCHA Schwab U.S. Small-Cap ETF 43.9 4 19 4.4 -0.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 40.7 17 6 4.9 -0.3
VB Vanguard Small-Cap ETF 40.5 5 18 5.2 +0.0
IWM iShares Russell 2000 ETF 40.0 19 4 3.5 -1.7
VTWO Vanguard Russell 2000 Index Fund 39.5 10 13 3.6 -1.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 39.2 20 3 4.9 -0.3
VXF Vanguard Extended Market Index Fund 36.7 7 16 3.5 -1.7
IWN iShares Russell 2000 Value ETF 36.5 24 -1 6.9 +1.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 35.5 29 -6 4.7 -0.5
BKSE BNY Mellon US Small Cap Core Equity ETF 35.1 4 19 5.8 +0.7
VTWV Vanguard Russell 2000 Value Index Fund 33.3 15 8 7.1 +1.9
FSMD Fidelity Small-Mid Factor ETF 32.6 29 -6 6.7 +1.5
EWMC Invesco S&P MidCap 400 Equal Weight ETF 32.5 40 -17 6.8 +1.6
VBR Vanguard Small Cap Value Index Fund 32.3 7 16 8.1 +2.9
EZM WisdomTree U.S. MidCap Earnings Fund 31.6 38 -15 8.8 +3.6
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 31.2 40 -17 6.3 +1.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 30.9 39 -16 6.2 +1.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 30.4 7 16 5.3 +0.1
MDY SPDR S&P Midcap 400 ETF Trust 29.5 23 0 6.2 +1.0
IJH iShares Core S&P Mid-Cap ETF 29.5 6 17 6.3 +1.1
SPMD SPDR Portfolio Mid Cap ETF 29.5 5 18 6.3 +1.1
IVOO Vanguard S&P Mid-Cap 400 ETF 29.4 10 13 6.2 +1.0
SMDY Syntax Stratified MidCap ETF 28.8 30 -7 6.1 +0.9
EES WisdomTree SmallCap Earnings Fund 28.7 38 -15 10.6 +5.4
RWK Invesco S&P MidCap 400 Revenue ETF 28.1 39 -16 7.7 +2.5
SPSM SPDR Portfolio Small Cap ETF 27.7 5 18 6.7 +1.5
SLY SPDR S&P 600 Small Cap ETF 27.7 15 8 6.5 +1.4
FYX First Trust Small Cap Core AlphaDEX Fund 27.7 63 -40 6.3 +1.1
IJR iShares Core S&P Small Cap ETF 27.7 7 16 6.6 +1.4
VIOO Vanguard S&P Small-Cap 600 ETF 27.6 10 13 6.6 +1.4
SSLY Syntax Stratified SmallCap ETF 27.2 30 -7 6.0 +0.8
VBK Vanguard Small-Cap Growth Index Fund 26.6 7 16 2.2 -3.0
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 26.4 29 -6 6.0 +0.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 26.3 24 -1 6.6 +1.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 25.5 66 -43 2.2 -3.0
VFQY Vanguard U.S. Quality Factor ETF 25.4 13 10 5.8 +0.6
TUSA First Trust Total US Market AlphaDEX ETF 25.4 70 -47 5.7 +0.5
JHSC John Hancock Multifactor Small Cap ETF 24.6 42 -19 5.6 +0.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 24.4 20 3 9.2 +4.0
FNX First Trust Mid Cap Core AlphaDEX Fund 24.3 61 -38 6.4 +1.2
SFYX Sofi Next 500 ETF 24.3 0 23 5.7 +0.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 24.0 35 -12 7.8 +2.6
CSML IQ Chaikin U.S. Small Cap ETF 24.0 35 -12 3.7 -1.5
NUSC Nuveen ESG Small-Cap ETF 24.0 40 -17 4.9 -0.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 23.9 30 -7 7.2 +2.0
SCHM Schwab U.S. Mid-Cap ETF 23.5 4 19 6.0 +0.8
PSC Principal U.S. Small Cap Index ETF 23.5 38 -15 6.6 +1.4
SLYV SPDR S&P 600 Small Cap Value ETF 23.2 15 8 8.5 +3.3
IJS iShares S&P Small-cap 600 Value ETF 23.2 25 -2 8.4 +3.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 23.2 15 8 8.5 +3.3
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 23.2 35 -12 7.9 +2.7
VFLQ Vanguard U.S. Liquidity Factor ETF 23.1 14 9 4.5 -0.7
IWO iShares Russell 2000 Growth ETF 21.7 24 -1 -0.1 -5.3
JHMM John Hancock Multifactor Mid Cap ETF 21.5 42 -19 5.5 +0.3
VTWG Vanguard Russell 2000 Growth Index Fund 21.5 15 8 -0.0 -5.2
MDYV SPDR S&P 400 Mid Cap Value ETF 21.4 15 8 8.3 +3.1
IJJ iShares S&P Mid-Cap 400 Value ETF 21.4 25 -2 8.2 +3.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 21.4 15 8 8.3 +3.1
RNMC Mid Cap US Equity Select ETF 21.3 60 -37 7.3 +2.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 21.2 15 8 4.8 -0.4
IJK iShares S&P Mid-Cap 400 Growth ETF 21.2 24 -1 4.7 -0.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 21.1 15 8 4.7 -0.5
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 21.1 35 -12 5.8 +0.6
EQAL Invesco Russell 1000 Equal Weight ETF 20.8 20 3 5.4 +0.3
DES WisdomTree U.S. SmallCap Dividend Fund 20.6 38 -15 8.2 +3.1
AVUV Avantis U.S. Small Cap Value ETF 20.5 25 -2 8.4 +3.2
AFSM First Trust Active Factor Small Cap ETF 20.0 75 -52 5.3 +0.1
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 19.9 29 -6 0.0 -5.2
VFVA Vanguard U.S. Value Factor ETF 19.8 14 9 11.0 +5.8
ISMD Inspire Small/Mid Cap Impact ETF 19.8 60 -37 6.0 +0.9
FAB First Trust Multi Cap Value AlphaDEX Fund 19.7 71 -48 9.7 +4.5
RNSC Small Cap US Equity Select ETF 19.7 60 -37 7.0 +1.8
FYT First Trust Small Cap Value AlphaDEX Fund 19.4 72 -49 9.7 +4.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 19.4 39 -16 6.5 +1.3
VFMF Vanguard U.S. Multifactor ETF 18.6 19 4 6.8 +1.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 18.5 29 -6 6.7 +1.6
SMMD iShares Russell 2500 ETF 18.4 15 8 5.6 +0.5
IWR iShares Russell Midcap ETF 18.2 19 4 5.5 +0.3
AFMC First Trust Active Factor Mid Cap ETF 18.2 65 -42 5.9 +0.8
JKJ iShares Morningstar Small-Cap ETF 18.1 25 -2 6.4 +1.2
VFMO Vanguard U.S. Momentum Factor ETF 18.1 13 10 0.1 -5.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.1 20 3 4.6 -0.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 17.9 12 11 7.3 +2.1
ONEO SPDR Russell 1000 Momentum Focus ETF 16.6 20 3 6.2 +1.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 16.2 70 -47 2.0 -3.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 16.0 16 7 5.0 -0.2
SLYG SPDR S&P 600 Small Cap Growth ETF 15.8 15 8 5.1 -0.1
IJT iShares S&P Small-Cap 600 Growth ETF 15.8 25 -2 5.0 -0.2
ROGS Hartford Multifactor Global Small Cap ETF 15.6 34 -11 7.6 +2.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 15.4 25 -2 6.3 +1.1
DON WisdomTree U.S. MidCap Dividend Fund 15.3 38 -15 7.4 +2.2
BFOR Barron's 400 ETF 15.1 65 -42 6.1 +0.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 14.7 17 6 6.2 +1.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 14.5 20 3 6.8 +1.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 13.6 24 -1 6.0 +0.8
JKL iShares Morningstar Small Cap Value ETF 13.5 30 -7 10.0 +4.8
VIS Vanguard Industrials Index Fund 13.5 10 13 5.5 +0.3

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 Small Company ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.3 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 23 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.