Invesco Russell 2000 Dynamic Multifactor ETF
ALTAR
Score™
8.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
-79.1x P/Sales
ratio
0.3x
P/BV
ratio
0.9x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
OMFS tracks an index of US small-cap stocks selected by a combination of five investment factors, which are weighted based on current macroeconomic conditions.

FUND BASICS
Category US Equities
Fund Sponsor Invesco
Website www.invesco.com
Inception date Nov 08, 2017
Assets (mns) $37
Currency USD
Expense ratio 39 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 706
Wgt avg mkt cap (mns) $616
Large cap (>$10bn) 0.1%
Mid cap ($2-10bn) 4.4%
Small cap (<$2bn) 95.5%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
OFFICE DEPOT INC 3.1 %
STAMPS.COM INC 3.0 %
CAMPING WORLD HOLDINGS, INC. CLASS 1.1 %
CINCINNATI BELL INC. 1.1 %
UNITED NATURAL FOODS INC 1.0 %
SPARTANNASH CO 0.9 %
SPORTSMAN'S WAREHOUSE HOLDIN 0.9 %
CLEARWATER PAPER CORP 0.8 %
COLLEGIUM PHARMACEUTICAL, INC. 0.8 %
MACDONALD DETTWILER & ASSOC 0.8 %
Total 13.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 102.9 %
CANADA 0.6 %
BERMUDA 0.6 %
PUERTO RICO 0.5 %
BRITAIN 0.3 %
GERMANY 0.3 %
LUXEMBOURG 0.2 %
MONACO 0.1 %
CAYMAN ISLANDS 0.1 %
GREECE 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.7% -13.5% -- -- -3.8%

Market Correlations
versus... Beta R-squared
S&P500 1.14 85%
MSCI EAFE 1.16 76%
MSCI Emg. Mkts. 0.85 62%

Technical Indicators
Recent close $20.99
30d moving avg. $22.89
Annualized volatility 22.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.1%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $3,919

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco Russell 2000 Dynamic Multifactor ETF ETF based on the alternatives' overlap in portfolio holdings with OMFS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OMFS Expense: 39 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OMFS
Ticker Fund
Name
Overlap1
vs OMFS
(%)
Expense
ratio
(bp)
Savings
vs OMFS
(bp)
ALTAR
Score™
(%)
ALTAR
vs OMFS
(%)
IWC iShares Micro-Cap ETF 40.5 60 -21 -4.0 -12.2
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 39.9 29 10 10.3 +2.1
BUY USCF SummerHaven SHPEI Index Fund 35.3 80 -41 10.8 +2.5
EES WisdomTree SmallCap Earnings Fund 28.1 38 1 12.3 +4.1
FDM First Trust Dow Jones Select Microcap Index Fund 26.8 60 -21 7.7 -0.5
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 26.5 40 -1 7.1 -1.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 25.9 39 0 8.1 -0.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 24.7 35 4 10.6 +2.4
SSLY Syntax Stratified SmallCap ETF 23.6 30 9 6.4 -1.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 23.0 15 24 10.1 +1.9
VTWV Vanguard Russell 2000 Value Index Fund 22.2 15 24 7.9 -0.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 21.3 39 0 4.3 -3.9
AVUV Avantis U.S. Small Cap Value ETF 20.8 25 14 9.8 +1.6
SLYV SPDR S&P 600 Small Cap Value ETF 20.4 15 24 9.8 +1.6
IJS iShares S&P Small-cap 600 Value ETF 20.3 25 14 9.7 +1.5
CSML IQ Chaikin U.S. Small Cap ETF 19.9 35 4 4.4 -3.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 19.8 20 19 6.2 -2.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 19.8 39 0 12.4 +4.2
SQLV Legg Mason Small-Cap Quality Value 19.5 62 -23 8.2 +0.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 18.9 24 15 7.4 -0.8
IWN iShares Russell 2000 Value ETF 18.1 24 15 7.7 -0.5
ROGS Hartford Multifactor Global Small Cap ETF 18.0 34 5 8.3 +0.0
CALF Pacer US Small Cap Cash Cows 100 ETF 16.6 59 -20 13.8 +5.6
TPSC Timothy Plan US Small Cap Core ETF 16.6 52 -13 8.7 +0.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 16.3 35 4 8.7 +0.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 16.0 29 10 5.8 -2.4
VIOO Vanguard S&P Small-Cap 600 ETF 15.4 10 29 7.5 -0.7
DES WisdomTree U.S. SmallCap Dividend Fund 14.8 38 1 9.2 +1.0
IUSS Invesco Strategic US Small Company ETF 14.8 23 16 5.7 -2.6
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 14.8 35 4 6.6 -1.7
SPSM SPDR Portfolio Small Cap ETF 14.3 5 34 7.4 -0.8
SLY SPDR S&P 600 Small Cap ETF 14.3 15 24 7.3 -0.9
IJR iShares Core S&P Small Cap ETF 14.2 7 32 7.4 -0.8
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 14.1 29 10 1.8 -6.4
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 14.0 35 4 8.6 +0.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 13.0 30 9 8.0 -0.2
FNDA Schwab Fundamental U.S. Small Co. Index ETF 12.9 25 14 7.0 -1.2
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 12.9 29 10 9.8 +1.6
VFLQ Vanguard U.S. Liquidity Factor ETF 12.1 14 25 4.9 -3.4
VFVA Vanguard U.S. Value Factor ETF 11.9 14 25 12.1 +3.9
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 11.5 125 -86 -3.4 -11.6
VTWO Vanguard Russell 2000 Index Fund 11.5 10 29 3.8 -4.4
IWM iShares Russell 2000 ETF 11.3 19 20 3.7 -4.5
DWAS Invesco DWA SmallCap Momentum ETF 10.4 60 -21 -1.1 -9.3
FYX First Trust Small Cap Core AlphaDEX Fund 9.9 63 -24 6.9 -1.4
PSC Principal U.S. Small Cap Index ETF 9.9 38 1 7.4 -0.9
AFSM First Trust Active Factor Small Cap ETF 9.7 75 -36 5.8 -2.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 9.5 12 27 8.3 +0.0
VFQY Vanguard U.S. Quality Factor ETF 9.5 13 26 6.2 -2.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 9.4 38 1 9.5 +1.3
FYT First Trust Small Cap Value AlphaDEX Fund 9.3 72 -33 10.0 +1.8
RNSC Small Cap US Equity Select ETF 9.0 60 -21 8.1 -0.1
VAMO Cambria Value & Momentum ETF 9.0 64 -25 7.8 -0.5
VFMF Vanguard U.S. Multifactor ETF 8.8 19 20 7.4 -0.9
XRT SPDR S&P Retail ETF 8.5 35 4 6.8 -1.4
PXSG Invesco S&P SmallCap Momentum ETF 7.4 39 0 5.1 -3.1
SLYG SPDR S&P 600 Small Cap Growth ETF 7.1 15 24 5.4 -2.8
IJT iShares S&P Small-Cap 600 Growth ETF 7.0 25 14 5.3 -2.9
XSHQ Invesco S&P SmallCap Quality ETF 6.9 29 10 6.9 -1.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 6.8 16 23 5.4 -2.9
PSCI Invesco S&P SmallCap Industrials ETF 6.7 29 10 6.9 -1.3
QABA First Trust NASDAQ ABA Community Bank Index Fund 6.6 60 -21 11.7 +3.5
FSMD Fidelity Small-Mid Factor ETF 6.1 29 10 7.2 -1.0
SCHA Schwab U.S. Small-Cap ETF 6.0 4 35 4.8 -3.4
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 5.9 35 4 10.0 +1.8
RZG Invesco S&P Smallcap 600 Pure Growth ETF 5.8 35 4 6.1 -2.1
VFMO Vanguard U.S. Momentum Factor ETF 5.5 13 26 1.1 -7.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 5.5 20 19 4.8 -3.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 5.4 17 22 5.3 -2.9
PSCT Invesco S&P SmallCap Information Technology ETF 5.4 29 10 5.7 -2.6
NUSC Nuveen ESG Small-Cap ETF 5.1 40 -1 5.5 -2.7
IWO iShares Russell 2000 Growth ETF 5.1 24 15 0.8 -7.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 5.0 6 33 5.5 -2.7
SYLD Cambria Shareholder Yield ETF 4.7 59 -20 9.3 +1.1
PSCH Invesco S&P SmallCap Health Care ETF 4.7 29 10 3.1 -5.2
PAVE Global X U.S. Infrastructure Development ETF 4.7 47 -8 6.1 -2.2
PSCM Invesco S&P SmallCap Materials ETF 4.6 29 10 10.3 +2.1
PSCF Invesco S&P SmallCap Financials ETF 4.4 29 10 12.2 +4.0
FYC First Trust Small Cap Growth AlphaDEX Fund 4.4 70 -31 2.5 -5.7
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 4.4 60 -21 2.9 -5.3
JSML Janus Henderson Small Cap Growth Alpha ETF 4.3 30 9 7.8 -0.4
FAB First Trust Multi Cap Value AlphaDEX Fund 4.3 71 -32 10.1 +1.9
VXF Vanguard Extended Market Index Fund 4.2 7 32 3.8 -4.4
BFOR Barron's 400 ETF 4.1 65 -26 6.5 -1.8
VTWG Vanguard Russell 2000 Growth Index Fund 4.1 15 24 0.8 -7.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 4.0 20 19 9.9 +1.6
VBR Vanguard Small Cap Value Index Fund 3.9 7 32 8.8 +0.6
AIRR First Trust RBA American Industrial Renaissance ETF 3.8 70 -31 7.9 -0.3
IFRA iShares U.S. Infrastructure ETF 3.7 40 -1 6.3 -1.9
TUSA First Trust Total US Market AlphaDEX ETF 3.6 70 -31 6.1 -2.1
ONLN ProShares Online Retail ETF 3.6 58 -19 1.3 -7.0
XWEB SPDR S&P Internet ETF 3.5 35 4 -0.2 -8.4
ISMD Inspire Small/Mid Cap Impact ETF 3.3 60 -21 6.8 -1.4
VUSE Vident Core US Equity Fund 3.3 48 -9 8.6 +0.4
PWC Invesco Dynamic Market ETF 3.2 59 -20 4.8 -3.4
PBJ Invesco Dynamic Food & Beverage ETF 3.1 63 -24 5.1 -3.1
VCR Vanguard Consumer Discretionary Index Fund 3.1 10 29 3.9 -4.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 3.0 30 9 11.5 +3.2
PSCE Invesco S&P SmallCap Energy ETF 3.0 29 10 -2.4 -10.6
IBUY Amplify Online Retail ETF 2.9 65 -26 -1.5 -9.7

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 Russell 2000 Dynamic Multifactor 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 7.2 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.