Invesco KBW High Dividend Yield Financial ETF
ALTAR
Score™		 11.5% info Recommen-
dation		 SPECULATIVE
2023E    2024E
P/E
ratio		 7.2x P/Sales
ratio		 2.1x
P/BV
ratio		 0.7x Div.
yield		 13.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco KBW High Dividend Yield Financial Portfolio seeks investment results that correspond (before fees and expenses) generally to the price and yield of the index called KBW Financial Sector Dividend Yield Index.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Dec 02, 2010
Assets (mns) $344
Currency USD
Expense ratio 384 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 39
Wgt avg mkt cap (mns) $2,579
Large cap (>$10bn) 3.4%
Mid cap ($2-10bn) 30.8%
Small cap (<$2bn) 65.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ARMOUR RESIDENTIAL REIT, INC. 7.3 %
ORCHID ISLAND CAPITAL INC 4.7 %
AGNC INVESTMENT CORP. 3.6 %
FS INVESTMENT CORP 3.5 %
GOLDMAN SACHS BDC, INC 3.3 %
PENNANTPARK INVESTMENT CORP 3.3 %
TWO HARBORS INVESTMENT CORP. 3.3 %
ELLINGTON FINANCIAL LLC 3.3 %
ANNALY CAPITAL MANAGEMENT IN 3.1 %
TPG RE FINANCE TRUST, INC. 3.0 %
Total 38.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 87.7 %
CAYMAN ISLANDS 1.9 %
BERMUDA 1.5 %
BRITAIN 1.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
11.6% 23.4% 1.6% 4.2% 5.6%

Market Correlations
versus... Beta R-squared
S&P500 1.25 73%
MSCI EAFE 1.21 71%
MSCI Emg. Mkts. 0.97 43%

Technical Indicators
Recent close $14.36
30d moving avg. $15.63
Annualized volatility 26.4%
Short interest (ETF) 0.7%
Short interest (Underlying) 2.7%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 84
Turnover 0.4%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $469

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 334 potential alternatives to the Invesco KBW High Dividend Yield Financial ETF ETF based on the alternatives' overlap in portfolio holdings with KBWD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: KBWD Expense: 384 bp ALTAR Score™: 11.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH KBWD
Ticker Fund
Name		 Overlap1
vs KBWD
(%)		 Expense
ratio
(bp)		 Savings
vs KBWD
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs KBWD
(%)
MORT VanEck Mortgage REIT Income ETF 28.9 41 343 14.3 +2.8
REM iShares Mortgage Real Estate ETF 18.9 48 336 15.7 +4.2
BIZD VanEck BDC Income ETF 14.9 1,092 -708 3.1 -8.4
RIET Hoya Capital High Dividend Yield ETF 13.5 50 334 16.0 +4.5
SDIV Global X SuperDividend ETF 10.4 58 326 17.0 +5.5
PEX ProShares Global Listed Private Equity ETF 10.3 267 117 13.3 +1.8
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 9.1 30 354 12.7 +1.2
PSCF Invesco S&P SmallCap Financials ETF 7.7 29 355 12.2 +0.7
DIV Global X SuperDividend US ETF 7.3 45 339 9.3 -2.2
KCE SPDR S&P Capital Markets ETF 7.2 35 349 8.9 -2.6
FXO First Trust Financials AlphaDEX Fund 5.1 62 322 12.6 +1.1
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 4.4 35 349 9.9 -1.6
WDIV SPDR Global Dividend ETF 4.2 40 344 10.9 -0.6
WBIY WBI Power Factor High Dividend ETF 3.9 70 314 14.2 +2.6
STLV iShares Factors US Value Style ETF 3.6 25 359 9.9 -1.7
PEY Invesco High Yield Equity Dividend Achievers ETF 3.5 53 331 11.0 -0.5
FNK First Trust Mid Cap Value AlphaDEX Fund 3.5 70 314 13.4 +1.8
HOMZ Hoya Capital Housing ETF 3.5 30 354 10.2 -1.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.5 56 328 15.4 +3.9
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 3.1 15 369 12.6 +1.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 3.1 52 332 9.2 -2.4
QDF FlexShares Quality Dividend Index Fund 3.0 37 347 7.4 -4.1
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 2.9 38 346 11.6 +0.1
CVAR Cultivar ETF 2.9 87 297 8.3 -3.2
ISCV iShares Morningstar Small Cap Value ETF 2.7 6 378 9.5 -2.1
IJS iShares S&P Small-cap 600 Value ETF 2.7 18 366 10.5 -1.1
SLYV SPDR S&P 600 Small Cap Value ETF 2.7 15 369 10.5 -1.0
DVY iShares Select Dividend ETF 2.6 38 346 10.8 -0.8
KBE SPDR S&P Bank ETF 2.5 35 349 13.8 +2.3
NUMV Nuveen ESG Mid-Cap Value ETF 2.5 31 353 9.1 -2.5
PSP Invesco Global Listed Private Equity ETF 2.5 144 240 12.7 +1.2
EZM WisdomTree U.S. MidCap Earnings Fund 2.4 38 346 11.7 +0.2
USVT US Value ETF 2.4 49 335 13.6 +2.1
XSLV Invesco S&P SmallCap Low Volatility ETF 2.3 25 359 7.4 -4.2
SMCP AlphaMark Actively Managed Small Cap ETF 2.2 90 294 0.0 -11.5
RFV Invesco S&P Midcap 400 Pure Value ETF 2.2 35 349 12.6 +1.1
VBR Vanguard Small Cap Value Index Fund 2.2 7 377 10.1 -1.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 2.2 39 345 12.2 +0.6
IJJ iShares S&P Mid-Cap 400 Value ETF 2.1 18 366 9.8 -1.7
MDYV SPDR S&P 400 Mid Cap Value ETF 2.1 15 369 9.8 -1.7
DES WisdomTree U.S. SmallCap Dividend Fund 2.1 38 346 10.3 -1.2
WCEO Hypatia Women CEO ETF 2.1 85 299 6.7 -4.8
AMID Argent Mid Cap ETF 2.1 52 332 9.4 -2.1
AIEQ AI Powered Equity ETF 2.1 75 309 8.4 -3.1
IJR iShares Core S&P Small Cap ETF 2.0 6 378 9.0 -2.6
SPSM SPDR Portfolio S&P 600 Small Cap ETF 2.0 3 381 9.0 -2.5
FNX First Trust Mid Cap Core AlphaDEX Fund 1.9 59 325 8.8 -2.7
OUSM ALPS O'Shares Russell Small Cap Quality Dividend ETF 1.9 48 336 9.1 -2.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.9 29 355 8.9 -2.6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 1.9 60 324 11.9 +0.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.9 15 369 10.5 -1.0
IPAY ETFMG Prime Mobile Payments ETF 1.9 75 309 9.2 -2.4
MIDE Xtrackers S&P MidCap 400 ESG ETF 1.8 15 369 9.1 -2.5
KIE SPDR S&P Insurance ETF 1.8 35 349 8.2 -3.3
SDOG ALPS Sector Dividend Dogs ETF 1.8 36 348 12.5 +1.0
KRE SPDR S&P Regional Banking ETF 1.8 35 349 12.5 +1.0
FDVV Fidelity Core Dividend ETF 1.8 29 355 9.9 -1.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.7 80 304 7.8 -3.8
RNMC Mid Cap US Equity Select ETF 1.7 60 324 9.3 -2.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 1.7 25 359 10.4 -1.1
DON WisdomTree U.S. MidCap Dividend Fund 1.7 38 346 10.2 -1.3
FDRR Fidelity Dividend ETF for Rising Rates 1.6 29 355 8.9 -2.6
QDEF FlexShares Quality Dividend Defensive Index Fund 1.6 37 347 7.1 -4.4
AIVL WisdomTree U.S. AI Enhanced Value Fund 1.6 38 346 8.8 -2.8
SYLD Cambria Shareholder Yield ETF 1.6 59 325 13.1 +1.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 1.6 15 369 6.7 -4.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.6 15 369 9.1 -2.4
DSMC Distillate Small/Mid Cash Flow ETF 1.5 55 329 12.7 +1.1
VIOO Vanguard S&P Small-Cap 600 ETF 1.5 10 374 8.9 -2.7
DFAT Dimensional U.S. Targeted Value ETF 1.5 28 356 9.8 -1.7
STXK Strive Small-Cap ETF 1.5 18 366 6.5 -5.0
IAI iShares U.S. Broker-Dealers ETF 1.5 40 344 7.4 -4.1
FSMD Fidelity Small-Mid Factor ETF 1.5 29 355 8.5 -3.0
BKSE BNY Mellon US Small Cap Core Equity ETF 1.5 4 380 6.9 -4.7
KVLE KFA Value Liner Dynamic Core Equity Index ETF 1.5 56 328 6.8 -4.8
ONEY SPDR Russell 1000 Yield Focus ETF 1.5 20 364 12.0 +0.5
DFNL Davis Select Financial ETF 1.5 63 321 9.3 -2.2
DINT Davis Select International ETF 1.5 64 320 6.2 -5.3
DFSV Dimensional US Small Cap Value ETF 1.5 31 353 10.1 -1.4
XJR iShares ESG Screened S&P Small-Cap ETF 1.4 12 372 8.5 -3.0
LVHD Legg Mason Low Volatility High Dividend ETF 1.4 27 357 10.0 -1.5
SCHM Schwab U.S. Mid-Cap ETF 1.4 4 380 7.6 -4.0
IWN iShares Russell 2000 Value ETF 1.4 24 360 6.8 -4.7
FOVL iShares Focused Value Factor ETF 1.4 25 359 12.5 +1.0
ACTV LeaderShares Activist Leaders ETF 1.4 75 309 10.3 -1.2
VTWV Vanguard Russell 2000 Value Index Fund 1.4 15 369 7.0 -4.5
IQSM IQ Candriam ESG U.S. Mid Cap Equity ETF 1.4 15 369 7.6 -3.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.4 15 369 9.8 -1.8
JVAL JPMorgan U.S. Value Factor ETF 1.4 12 372 9.9 -1.6
AVUV Avantis U.S. Small Cap Value ETF 1.4 25 359 11.0 -0.6
FTXO First Trust Nasdaq Bank ETF 1.3 60 324 13.6 +2.0
KBWR Invesco KBW Regional Banking ETF 1.3 35 349 12.3 +0.8
IAT iShares U.S. Regional Banks ETF 1.3 40 344 13.7 +2.2
DIVZ TrueShares Low Volatility Equity Income ETF 1.3 65 319 9.7 -1.8
DIVY Sound Equity Income ETF 1.3 45 339 11.2 -0.4
GDIV Harbor Dividend Growth Leaders ETF 1.3 50 334 6.9 -4.6
ISCB iShares Morningstar Small-Cap ETF 1.3 4 380 5.9 -5.7
PSC Principal U.S. Small Cap Index ETF 1.3 38 346 9.1 -2.4
XMVM Invesco S&P MidCap Value with Momentum ETF 1.3 39 345 11.4 -0.1
DHS WisdomTree U.S. High Dividend Fund 1.3 38 346 10.4 -1.1
SCHA Schwab U.S. Small-Cap ETF 1.3 4 380 5.8 -5.7
SSLY Syntax Stratified SmallCap ETF 1.3 40 344 8.5 -3.0
RNSC Small Cap US Equity Select ETF 1.3 60 324 9.4 -2.2
FDL First Trust Morningstar Dividend Leaders Index Fund 1.3 45 339 12.1 +0.6
SFYX Sofi Next 500 ETF 1.3 0 384 6.5 -5.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 1.3 39 345 12.4 +0.9
SLYG SPDR S&P 600 Small Cap Growth ETF 1.3 15 369 7.2 -4.3
IJT iShares S&P Small-Cap 600 Growth ETF 1.3 25 359 7.1 -4.4
DWLD Davis Select Worldwide ETF 1.3 62 322 7.7 -3.8
VB Vanguard Small-Cap ETF 1.3 5 379 6.6 -5.0
VFVA Vanguard U.S. Value Factor ETF 1.3 13 371 12.1 +0.6
SMDY Syntax Stratified MidCap ETF 1.3 35 349 8.4 -3.1
SQLV Legg Mason Small-Cap Quality Value 1.3 60 324 10.6 -0.9
ROSC Hartford Multifactor Small Cap ETF 1.2 34 350 11.3 -0.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 1.2 17 367 6.4 -5.1
FYC First Trust Small Cap Growth AlphaDEX Fund 1.2 71 313 1.5 -10.1
RYJ Invesco Raymond James SB-1 Equity ETF 1.2 81 303 4.2 -7.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.2 9 375 4.7 -6.9
RWK Invesco S&P MidCap 400 Revenue ETF 1.2 39 345 10.4 -1.2
FAB First Trust Multi Cap Value AlphaDEX Fund 1.2 67 317 11.8 +0.3
NUSC Nuveen ESG Small-Cap ETF 1.2 31 353 6.4 -5.2
JHSC John Hancock Multifactor Small Cap ETF 1.2 42 342 7.0 -4.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.2 15 369 7.2 -4.3
RZG Invesco S&P Smallcap 600 Pure Growth ETF 1.2 35 349 8.4 -3.1
FNCL Fidelity MSCI Financials Index ETF 1.2 8 376 8.1 -3.4
FLDZ RiverNorth Volition America Patriot ETF 1.2 75 309 6.7 -4.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.2 7 377 6.7 -4.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 1.2 12 372 8.8 -2.7
MOTE VanEck Morningstar ESG Moat ETF 1.2 49 335 6.5 -5.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 1.1 30 354 9.5 -2.1
TPSC Timothy Plan US Small Cap Core ETF 1.1 52 332 8.9 -2.7
ACSI American Customer Satisfaction Core Alpha ETF 1.1 65 319 6.5 -5.1
MDY SPDR S&P Midcap 400 ETF Trust 1.1 23 361 8.4 -3.1
HDUS Hartford Disciplined US Equity ETF 1.1 19 365 7.1 -4.4
VFH Vanguard Financials Index Fund 1.1 10 374 8.1 -3.5
IJH iShares Core S&P Mid-Cap ETF 1.1 5 379 8.6 -2.9
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 1.1 39 345 6.8 -4.7
SPMD SPDR Portfolio Mid Cap ETF 1.1 3 381 8.6 -2.9
SVAL iShares US Small Cap Value Factor ETF 1.0 20 364 12.2 +0.7
SMDV ProShares Russell 2000 Dividend Growers ETF 1.0 40 344 8.4 -3.2
FNDA Schwab Fundamental U.S. Small Co. Index ETF 1.0 25 359 7.4 -4.1
DFAS Dimensional U.S. Small Cap ETF 1.0 26 358 7.1 -4.4
QABA First Trust NASDAQ ABA Community Bank Index Fund 1.0 60 324 11.2 -0.4
PLTL Principal US Small-Cap Adaptive Multi-Factor ETF 1.0 19 365 10.6 -1.0
VTWO Vanguard Russell 2000 Index Fund 1.0 10 374 4.4 -7.1
VXF Vanguard Extended Market Index Fund 0.9 6 378 4.3 -7.3
IYF iShares U.S. Financials ETF 0.9 39 345 8.0 -3.5
AVSC Avantis U.S Small Cap Equity ETF 0.9 25 359 5.8 -5.7
IWM iShares Russell 2000 ETF 0.9 19 365 4.2 -7.3
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 0.9 35 349 8.6 -2.9
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 0.9 37 347 8.5 -3.0
VFMF Vanguard U.S. Multifactor ETF 0.9 18 366 9.9 -1.6
IWC iShares Micro-Cap ETF 0.9 60 324 -5.6 -17.1
XMHQ Invesco S&P MidCap Quality ETF 0.9 25 359 9.5 -2.0
OSCV Opus Small Cap Value Plus ETF 0.9 79 305 6.8 -4.7
LRGF iShares Edge MSCI Multifactor USA ETF 0.9 8 376 7.1 -4.4
VALQ American Century STOXX U.S. Quality Value ETF 0.9 29 355 8.9 -2.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.9 18 366 9.1 -2.4
AFMC First Trust Active Factor Mid Cap ETF 0.9 65 319 10.2 -1.3
ISMD Inspire Small/Mid Cap Impact ETF 0.8 54 330 5.9 -5.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.8 39 345 4.8 -6.7
FYX First Trust Small Cap Core AlphaDEX Fund 0.8 61 323 8.2 -3.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.8 35 349 13.2 +1.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.8 20 364 7.8 -3.7
ETHO Etho Climate Leadership U.S. ETF 0.8 47 337 5.7 -5.8
VFQY Vanguard U.S. Quality Factor ETF 0.8 13 371 8.2 -3.3
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.8 15 369 8.7 -2.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 0.8 35 349 9.2 -2.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.8 24 360 9.5 -2.0
XJH iShares ESG Screened S&P Mid-Cap ETF 0.8 12 372 8.6 -2.9
SMMD iShares Russell 2500 ETF 0.8 15 369 7.1 -4.4
IVOO Vanguard S&P Mid-Cap 400 ETF 0.8 10 374 8.6 -2.9
JHDV John Hancock U.S. High Dividend ETF 0.7 34 350 7.6 -3.9
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 0.7 61 323 7.9 -3.7
SRET Global X SuperDividend REIT ETF 0.7 59 325 11.0 -0.5
SMOT VanEck Morningstar SMID Moat ETF 0.7 49 335 8.5 -3.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 0.7 25 359 6.9 -4.7
LCLG Logan Capital Broad Innovative Growth ETF 0.7 99 285 6.4 -5.2
FYT First Trust Small Cap Value AlphaDEX Fund 0.7 73 311 12.3 +0.8
IYG iShares US Financial Services ETF 0.7 39 345 7.4 -4.2
AFLG First Trust Active Factor Large Cap ETF 0.7 55 329 7.4 -4.1
HLGE Hartford Longevity Economy ETF 0.7 44 340 7.8 -3.8
VNMC Natixis Vaughan Nelson Mid Cap ETF 0.7 85 299 6.8 -4.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.7 24 360 9.3 -2.2
SMLE Xtrackers S&P SmallCap 600 ESG ETF 0.6 15 369 8.4 -3.1
FDM First Trust Dow Jones Select Microcap Index Fund 0.6 60 324 7.9 -3.7
IAK iShares U.S. Insurance ETF 0.6 39 345 7.8 -3.7
PKW Invesco Buyback Achievers ETF 0.6 64 320 9.5 -2.0
EES WisdomTree SmallCap Earnings Fund 0.6 38 346 12.6 +1.1
IWS iShares Russell Mid-Cap Value ETF 0.6 23 361 8.1 -3.4
FVAL Fidelity Value Factor ETF 0.6 29 355 8.7 -2.8
AFSM First Trust Active Factor Small Cap ETF 0.6 77 307 10.1 -1.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.6 29 355 7.9 -3.6
SCHD Schwab U.S. Dividend Equity ETF 0.5 6 378 9.8 -1.7
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.5 47 337 10.4 -1.1
BRNY Burney U.S. Factor Rotation ETF 0.5 79 305 7.0 -4.5
IYR iShares U.S. Real Estate ETF 0.5 40 344 8.0 -3.5
EQAL Invesco Russell 1000 Equal Weight ETF 0.5 20 364 7.6 -3.9
CVY Invesco Zacks Multi-Asset Income ETF 0.5 100 284 12.9 +1.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 0.5 20 364 5.9 -5.6
VTWG Vanguard Russell 2000 Growth Index Fund 0.5 15 369 1.5 -10.1
BFOR Barron's 400 ETF 0.5 65 319 8.3 -3.2
HDV iShares Core High Dividend ETF 0.5 8 376 9.3 -2.3
PRF Invesco FTSE RAFI US 1000 ETF 0.5 39 345 8.0 -3.6
ITAN Sparkline Intangible Value ETF 0.5 50 334 7.4 -4.1
VIDI Vident International Equity Fund 0.5 61 323 12.5 +1.0
ROUS Hartford Multifactor US Equity ETF 0.5 19 365 7.4 -4.2
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.5 60 324 8.3 -3.3
DEW WisdomTree Global High Dividend Fund 0.5 58 326 9.8 -1.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 0.5 25 359 8.1 -3.4
AVLV Avantis U.S. Large Cap Value ETF 0.5 15 369 9.4 -2.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.4 70 314 3.4 -8.1
DFSU Dimensional US Sustainability Core 1 ETF 0.4 18 366 6.9 -4.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.4 20 364 9.2 -2.3
NUDV Nuveen ESG Dividend ETF 0.4 26 358 8.7 -2.8
IWO iShares Russell 2000 Growth ETF 0.4 24 360 1.3 -10.2
ESIX SPDR S&P SmallCap 600 ESG ETF 0.4 12 372 8.5 -3.0
IWR iShares Russell Midcap ETF 0.4 18 366 6.9 -4.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 0.4 25 359 8.1 -3.4
FLQL Franklin LibertyQ U.S. Equity ETF 0.4 15 369 7.5 -4.1
JHMM John Hancock Multifactor Mid Cap ETF 0.4 41 343 7.9 -3.6
CSML IQ Chaikin U.S. Small Cap ETF 0.4 35 349 6.5 -5.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 63 321 3.4 -8.1
CZA Invesco Zacks Mid-Cap ETF 0.4 69 315 7.7 -3.9
STXV Strive 1000 Value ETF 0.4 18 366 9.2 -2.3
WLDR Affinity World Leaders Equity ETF 0.4 67 317 9.3 -2.2
VYM Vanguard High Dividend Yield Index ETF 0.4 6 378 8.6 -3.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 367 6.8 -4.8
AVUS Avantis U.S. Equity ETF 0.3 15 369 7.1 -4.4
USMF WisdomTree U.S. Multifactor Fund 0.3 28 356 8.4 -3.2
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 371 3.0 -8.5
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 295 5.3 -6.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 0.3 17 367 8.4 -3.1
ARB AltShares Merger Arbitrage ETF 0.3 76 308 6.2 -5.3
DTD WisdomTree U.S.Total Dividend Fund 0.3 28 356 7.8 -3.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.3 20 364 8.3 -3.3
VLU SPDR S&P 1500 Value Tilt ETF 0.3 12 372 8.6 -2.9
GLOF iShares Global Equity Factor ETF 0.2 20 364 7.9 -3.6
DURA VanEck Morningstar Durable Dividend ETF 0.2 29 355 8.4 -3.1
DFUV Dimensional US Marketwide Value ETF 0.2 22 362 9.0 -2.5
VONV Vanguard Russell 1000 Value Index Fund 0.2 8 376 7.9 -3.6
IWD iShares Russell 1000 Value ETF 0.2 19 365 7.8 -3.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 380 7.2 -4.3
JQUA JPMorgan U.S. Quality Factor ETF 0.2 12 372 6.7 -4.9
RAFE PIMCO RAFI ESG U.S. ETF 0.2 29 355 8.7 -2.9
GVLU Gotham 1000 Value ETF 0.2 50 334 10.0 -1.5
IMCV iShares Morningstar Mid-Cap Value ETF 0.2 6 378 9.5 -2.0
DIVB iShares Core Dividend 0.2 5 379 9.4 -2.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.2 29 355 7.8 -3.8
IUS Invesco Strategic US ETF 0.2 19 365 8.4 -3.2
SCHB Schwab U.S. Broad Market ETF 0.2 3 381 6.1 -5.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.2 15 369 5.7 -5.8
SIZE iShares MSCI USA Size Factor ETF 0.2 15 369 7.2 -4.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 373 6.2 -5.4
EUSA iShares MSCI USA Equal Weighted ETF 0.2 9 375 7.3 -4.2
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 375 6.0 -5.6
SCHV Schwab U.S. Large-Cap Value ETF 0.2 4 380 7.8 -3.7
DFAU Dimensional US Core Equity Market ETF 0.2 12 372 6.2 -5.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.2 14 370 6.3 -5.3
VLUE iShares MSCI USA Value Factor ETF 0.2 15 369 12.5 +0.9
VTHR Vanguard Russell 3000 Index Fund 0.1 10 374 6.0 -5.6
IWV iShares Russell 3000 ETF 0.1 20 364 5.9 -5.7
VTI Vanguard Total Stock Market Index Fund 0.1 3 381 5.9 -5.6
XSHQ Invesco S&P SmallCap Quality ETF 0.1 30 354 10.7 -0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 381 6.0 -5.5
REVS Columbia Research Enhanced Value ETF 0.1 19 365 9.0 -2.5
HKND Humankind US Stock ETF 0.1 11 373 7.5 -4.0
IUSV iShares Core S&P U.S. Value ETF 0.1 4 380 7.1 -4.5
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.1 15 369 7.5 -4.0
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 309 5.0 -6.5
KOMP SPDR Kensho New Economies Composite ETF 0.1 20 364 -0.6 -12.1
IJK iShares S&P Mid-Cap 400 Growth ETF 0.1 17 367 7.4 -4.1
SCHK Schwab 1000 Index ETF 0.1 5 379 6.2 -5.4
DFUS Dimensional U.S. Equity ETF 0.1 9 375 6.0 -5.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.1 70 314 4.5 -7.0
SPTM SPDR Portfolio Total Stock Market ETF 0.1 3 381 6.4 -5.1
JHML John Hancock Multifactor Large Cap ETF 0.1 29 355 6.7 -4.8
VONE Vanguard Russell 1000 ETF 0.1 8 376 6.1 -5.4
IWB iShares Russell 1000 ETF 0.1 15 369 6.0 -5.5
IYY iShares Dow Jones U.S. ETF 0.1 20 364 6.0 -5.6
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 0.1 50 334 3.7 -7.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 364 6.0 -5.5
IMCB iShares Morningstar Mid-Cap ETF 0.1 4 380 7.2 -4.4
IYJ iShares U.S. Industrials ETF 0.1 39 345 6.0 -5.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 378 2.2 -9.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.1 10 374 6.2 -5.3
VT Vanguard Total World Stock ETF 0.1 7 377 6.4 -5.1
SCHX Schwab U.S. Large-Cap ETF 0.1 3 381 6.2 -5.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 375 6.2 -5.3
DSI iShares MSCI KLD 400 Social ETF 0.1 25 359 6.2 -5.3
RECS Columbia Research Enhanced Core ETF 0.1 15 369 6.9 -4.6
VFMV Vanguard U.S. Minimum Volatility ETF 0.1 13 371 6.6 -4.9
VDNI V-Shares US Leadership Diversity ETF 0.1 29 355 6.5 -5.0
PLRG Principal US Large-Cap Adaptive Multi-Factor ETF 0.1 15 369 6.7 -4.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.1 19 365 7.4 -4.2
WKLY SoFi Weekly Dividend ETF 0.1 49 335 8.3 -3.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.1 21 363 4.2 -7.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 372 5.7 -5.9
SHE SPDR SSGA Gender Diversity Index ETF 0.0 20 364 6.1 -5.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.0 2 382 6.1 -5.4
USXF iShares ESG Advanced MSCI USA ETF 0.0 10 374 6.1 -5.5
IWP iShares Russell Mid-Cap Growth ETF 0.0 23 361 4.5 -7.0
ILCV iShares Morningstar Value ETF 0.0 4 380 8.0 -3.5
TECB iShares US Tech Breakthrough Multisector ETF 0.0 40 344 5.1 -6.4
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.0 7 377 6.2 -5.4
SUSL iShares ESG MSCI USA Leaders ETF 0.0 10 374 6.2 -5.3
DFLV Dimensional US Large Cap Value ETF 0.0 22 362 9.4 -2.1
ICAP InfraCap Equity Income Fund ETF 0.0 171 213 7.9 -3.6
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 375 6.3 -5.3
QUS SPDR MSCI USA StrategicFactors ETF 0.0 15 369 6.9 -4.6
RESP WisdomTree US ESG Fund of Benef Interest 0.0 28 356 7.1 -4.4
PFM Invesco Dividend Achievers ETF 0.0 53 331 6.6 -4.9
IQSU IQ Candriam ESG US Equity ETF 0.0 9 375 5.6 -6.0
KRUZ Unusual Whales Subversive Republican Trading ETF 0.0 75 309 5.0 -6.5
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.0 10 374 6.5 -5.0
VOOV Vanguard S&P 500 Value ETF 0.0 10 374 6.9 -4.6
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 354 6.6 -4.9
WOMN Impact Shares YWCA Women's Empowerment ETF 0.0 75 309 5.9 -5.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.0 7 377 6.1 -5.5
ILCB iShares Morningstar U.S. Equity ETF 0.0 3 381 6.1 -5.4
PBUS Invesco PureBeta MSCI USA ETF 0.0 4 380 6.1 -5.4
TOK iShares MSCI Kokusai ETF 0.0 25 359 6.1 -5.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 372 6.1 -5.4
URTH iShares MSCI World ETF 0.0 24 360 6.1 -5.4
ACWI iShares MSCI ACWI ETF 0.0 32 352 6.2 -5.4
VOO VANGUARD S&P 500 ETF 0.0 3 381 6.2 -5.3
IUSG iShares Core S&P US Growth ETF 0.0 4 380 6.2 -5.3
VONG Vanguard Russell 1000 Growth Index Fund 0.0 8 376 5.6 -6.0
IWF iShares Russell 1000 Growth ETF 0.0 19 365 5.5 -6.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 354 8.1 -3.4
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 349 7.8 -3.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 346 8.4 -3.1
DFEV Dimensional Emerging Markets Value ETF 0.0 43 341 11.3 -0.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 343 8.2 -3.3

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

  2018 2019 2020 2021 2022 2023E 2024E
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
  2022 2023E 2024E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Invesco KBW High Dividend Yield Financial ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.1 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 384 bp
Equals: ALTAR Score 11.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.73 CATEGORY
AVERAGE		 1.50
 
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.