Invesco Strategic US Small Company ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
105.1x P/Sales
ratio
1.0x
P/BV
ratio
2.2x Div.
yield
1.3%


  • 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) $31
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 1194
Wgt avg mkt cap (mns) $5,798
Large cap (>$10bn) 12.7%
Mid cap ($2-10bn) 52.0%
Small cap (<$2bn) 35.1%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
GAMESTOP CORP-CLASS A 0.9 %
PENN NATIONAL GAMING INC 0.7 %
NABORS INDUSTRIES LTD 0.6 %
TUPPERWARE BRANDS CORP 0.5 %
OWENS & MINOR INC 0.5 %
QEP RESOURCES 0.5 %
COMMUNITY HEALTH SYSTEMS INC 0.5 %
CLEVELAND-CLIFFS INC 0.5 %
RESOLUTE FOREST PRODUCTS 0.4 %
TRINSEO SA 0.4 %
Total 5.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.4 %
BERMUDA 1.7 %
BRITAIN 0.5 %
IRELAND 0.5 %
CAYMAN ISLANDS 0.2 %
ARGENTINA 0.2 %
CANADA 0.1 %
LUXEMBOURG 0.1 %
MONACO 0.1 %
NETHERLANDS 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.
19.3% 19.3% -- -- 14.3%

Market Correlations
versus... Beta R-squared
S&P500 1.30 87%
MSCI EAFE 1.36 92%
MSCI Emg. Mkts. 1.11 74%

Technical Indicators
Recent close $31.48
30d moving avg. $29.52
Annualized volatility 28.8%
Short interest (ETF) 0.5%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.5%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $62,916

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™: 3.7%


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 57.1 25 -2 4.8 +1.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 47.1 39 -16 3.5 -0.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 39.6 6 17 4.1 +0.4
SCHA Schwab U.S. Small-Cap ETF 39.0 4 19 3.6 -0.1
VTWO Vanguard Russell 2000 Index Fund 38.2 10 13 2.7 -1.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 36.8 17 6 4.1 +0.4
IWM iShares Russell 2000 ETF 36.7 19 4 2.5 -1.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 36.4 20 3 3.9 +0.1
VB Vanguard Small-Cap ETF 35.3 5 18 4.5 +0.8
IWN iShares Russell 2000 Value ETF 35.2 24 -1 5.1 +1.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 33.1 39 -16 4.0 +0.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 33.1 39 -16 5.5 +1.8
VTWV Vanguard Russell 2000 Value Index Fund 32.7 15 8 5.2 +1.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 32.6 29 -6 4.3 +0.6
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 31.3 40 -17 5.2 +1.5
FSMD Fidelity Small-Mid Factor ETF 30.5 29 -6 5.3 +1.6
VXF Vanguard Extended Market Index Fund 30.4 6 17 2.5 -1.2
BKSE BNY Mellon US Small Cap Core Equity ETF 30.3 4 19 4.7 +1.0
VBR Vanguard Small Cap Value Index Fund 29.8 7 16 6.4 +2.7
SLY SPDR S&P 600 Small Cap ETF 28.9 15 8 5.6 +1.9
SPSM SPDR Portfolio Small Cap ETF 28.9 5 18 5.7 +2.0
IJR iShares Core S&P Small Cap ETF 28.8 6 17 5.7 +2.0
VIOO Vanguard S&P Small-Cap 600 ETF 28.8 10 13 5.6 +1.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 28.6 9 14 3.3 -0.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 27.9 40 -17 5.7 +2.0
SSLY Syntax Stratified SmallCap ETF 27.8 30 -7 5.0 +1.3
EZM WisdomTree U.S. MidCap Earnings Fund 27.2 38 -15 7.6 +3.9
MDY SPDR S&P Midcap 400 ETF Trust 26.5 23 0 5.2 +1.5
SPMD SPDR Portfolio Mid Cap ETF 26.5 5 18 5.4 +1.7
IJH iShares Core S&P Mid-Cap ETF 26.4 5 18 5.4 +1.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 26.4 7 16 3.9 +0.2
IVOO Vanguard S&P Mid-Cap 400 ETF 26.3 10 13 5.3 +1.6
STSB iShares Factors US Small Blend Style ETF 26.1 35 -12 3.0 -0.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 25.7 15 8 6.9 +3.2
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 25.3 29 -6 4.9 +1.2
IJS iShares S&P Small-cap 600 Value ETF 25.2 18 5 6.8 +3.1
SLYV SPDR S&P 600 Small Cap Value ETF 25.1 15 8 7.0 +3.3
SMDY Syntax Stratified MidCap ETF 24.7 30 -7 5.2 +1.5
RWK Invesco S&P MidCap 400 Revenue ETF 24.6 39 -16 6.4 +2.7
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 24.4 35 -12 6.0 +2.3
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 24.4 35 -12 6.0 +2.3
VFQY Vanguard U.S. Quality Factor ETF 23.7 13 10 5.3 +1.6
TPSC Timothy Plan US Small Cap Core ETF 23.2 52 -29 5.7 +2.0
FYX First Trust Small Cap Core AlphaDEX Fund 23.0 63 -40 5.5 +1.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 22.9 30 -7 6.1 +2.4
NUSC Nuveen ESG Small-Cap ETF 22.7 40 -17 4.0 +0.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 22.7 66 -43 1.8 -1.9
VBK Vanguard Small-Cap Growth Index Fund 22.6 7 16 1.9 -1.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 22.2 24 -1 5.0 +1.3
CSML IQ Chaikin U.S. Small Cap ETF 21.8 35 -12 2.8 -0.9
SFYX Sofi Next 500 ETF 21.6 0 23 4.9 +1.2
AVUV Avantis U.S. Small Cap Value ETF 21.2 25 -2 6.4 +2.7
VFVA Vanguard U.S. Value Factor ETF 21.0 14 9 8.5 +4.8
FNX First Trust Mid Cap Core AlphaDEX Fund 20.9 61 -38 5.1 +1.4
PSC Principal U.S. Small Cap Index ETF 20.9 38 -15 4.6 +0.9
TUSA First Trust Total US Market AlphaDEX ETF 20.6 70 -47 4.8 +1.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 20.5 35 -12 5.0 +1.3
SCHM Schwab U.S. Mid-Cap ETF 20.3 4 19 5.0 +1.3
ISMD Inspire Small/Mid Cap Impact ETF 20.3 60 -37 4.3 +0.6
VFLQ Vanguard U.S. Liquidity Factor ETF 19.9 14 9 3.5 -0.2
RNSC Small Cap US Equity Select ETF 19.8 60 -37 6.0 +2.3
IWO iShares Russell 2000 Growth ETF 19.7 24 -1 -0.1 -3.8
EES WisdomTree SmallCap Earnings Fund 19.7 38 -15 7.6 +3.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 19.6 20 3 7.1 +3.4
MDYG SPDR S&P 400 Mid Cap Growth ETF 19.3 15 8 3.8 +0.1
IJK iShares S&P Mid-Cap 400 Growth ETF 19.3 17 6 3.8 +0.1
VTWG Vanguard Russell 2000 Growth Index Fund 19.1 15 8 0.1 -3.7
MDYV SPDR S&P 400 Mid Cap Value ETF 19.1 15 8 6.9 +3.2
IJJ iShares S&P Mid-Cap 400 Value ETF 19.1 18 5 6.9 +3.2
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 19.0 29 -6 -0.3 -4.0
JHMM John Hancock Multifactor Mid Cap ETF 19.0 42 -19 4.7 +1.0
VFMO Vanguard U.S. Momentum Factor ETF 18.8 13 10 1.4 -2.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 18.4 15 8 6.7 +3.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 18.3 15 8 4.2 +0.5
VFMF Vanguard U.S. Multifactor ETF 17.9 19 4 6.2 +2.5
JKJ iShares Morningstar Small-Cap ETF 17.5 25 -2 5.1 +1.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 17.2 12 11 6.1 +2.4
EQAL Invesco Russell 1000 Equal Weight ETF 17.0 20 3 5.0 +1.3
AFMC First Trust Active Factor Mid Cap ETF 16.8 65 -42 5.3 +1.6
AFSM First Trust Active Factor Small Cap ETF 16.7 77 -54 4.4 +0.7
SLYG SPDR S&P 600 Small Cap Growth ETF 16.3 15 8 4.5 +0.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 16.3 16 7 4.4 +0.7
IJT iShares S&P Small-Cap 600 Growth ETF 16.1 18 5 4.4 +0.7
RNMC Mid Cap US Equity Select ETF 15.9 60 -37 6.1 +2.4
SMMD iShares Russell 2500 ETF 15.8 15 8 4.7 +1.0
IWR iShares Russell Midcap ETF 15.8 19 4 4.7 +1.0
FAB First Trust Multi Cap Value AlphaDEX Fund 15.7 71 -48 7.5 +3.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 15.6 25 -2 5.0 +1.3
ONEO SPDR Russell 1000 Momentum Focus ETF 15.6 20 3 5.6 +1.9
JHSC John Hancock Multifactor Small Cap ETF 15.5 42 -19 4.6 +0.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 15.5 29 -6 6.0 +2.3
DON WisdomTree U.S. MidCap Dividend Fund 15.2 38 -15 6.7 +3.0
DES WisdomTree U.S. SmallCap Dividend Fund 14.8 38 -15 6.7 +2.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 14.7 29 -6 7.3 +3.6
AVUS Avantis U.S. Equity ETF 14.5 15 8 4.9 +1.2
ROSC Hartford Multifactor Small Cap ETF 14.3 34 -11 6.6 +2.9
BFOR Barron's 400 ETF 14.0 65 -42 5.6 +1.9
FYT First Trust Small Cap Value AlphaDEX Fund 14.0 72 -49 8.0 +4.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 13.9 17 6 5.7 +2.0
VIS Vanguard Industrials Index Fund 13.3 10 13 4.7 +1.0

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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.1 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 23 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.