Invesco Russell 2000 Dynamic Multifactor ETF
ALTAR
Score™
4.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
-20.7x P/Sales
ratio
0.5x
P/BV
ratio
1.2x Div.
yield
2.4%


  • 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) $57
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 721
Wgt avg mkt cap (mns) $588
Large cap (>$10bn) 0.1%
Mid cap ($2-10bn) 0.8%
Small cap (<$2bn) 97.9%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
TUPPERWARE BRANDS CORP 1.5 %
OWENS & MINOR INC 1.4 %
PITNEY BOWES INC 0.8 %
SIGNET JEWELERS LIMITED 0.7 %
COMMUNITY HEALTH SYSTEMS INC 0.6 %
COOPER-STANDARD HOLDING 0.5 %
HIBBETT SPORTS INC 0.5 %
TEXTAINER GROUP HOLDINGS LTD 0.5 %
WATFORD HOLDINGS LTD. 0.5 %
G-III APPAREL GROUP LTD 0.5 %
Total 7.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
BERMUDA 2.2 %
PUERTO RICO 0.6 %
BRITAIN 0.4 %
LUXEMBOURG 0.3 %
MONACO 0.2 %
PANAMA 0.2 %
CANADA 0.1 %
CAYMAN ISLANDS 0.1 %
ISRAEL 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.4% -8.1% -- -- -0.8%

Market Correlations
versus... Beta R-squared
S&P500 1.09 80%
MSCI EAFE 1.14 72%
MSCI Emg. Mkts. 0.81 57%

Technical Indicators
Recent close $31.56
30d moving avg. $27.61
Annualized volatility 22.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.2%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $3,187

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 4.7%


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
(%)
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 39.7 29 10 5.4 +0.7
IWC iShares Micro-Cap ETF 39.4 60 -21 -3.7 -8.3
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 31.4 40 -1 6.1 +1.4
EES WisdomTree SmallCap Earnings Fund 31.3 38 1 8.8 +4.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 29.0 39 0 5.7 +1.1
SSLY Syntax Stratified SmallCap ETF 25.1 30 9 5.6 +1.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 24.3 35 4 7.0 +2.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 23.6 15 24 7.5 +2.8
IJS iShares S&P Small-cap 600 Value ETF 23.1 25 14 7.6 +2.9
SLYV SPDR S&P 600 Small Cap Value ETF 23.1 15 24 7.7 +3.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 22.9 39 0 4.1 -0.6
IWN iShares Russell 2000 Value ETF 22.9 24 15 5.7 +1.0
IUSS Invesco Strategic US Small Company ETF 22.4 23 16 4.4 -0.3
CSML IQ Chaikin U.S. Small Cap ETF 22.3 35 4 3.5 -1.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 20.3 20 19 4.2 -0.5
AVUV Avantis U.S. Small Cap Value ETF 19.1 25 14 6.9 +2.2
VTWV Vanguard Russell 2000 Value Index Fund 18.4 15 24 5.8 +1.2
FNDA Schwab Fundamental U.S. Small Co. Index ETF 17.9 25 14 6.2 +1.5
STSB iShares Factors US Small Blend Style ETF 17.9 35 4 2.9 -1.7
SPSM SPDR Portfolio Small Cap ETF 17.6 5 34 6.3 +1.7
SLY SPDR S&P 600 Small Cap ETF 17.6 15 24 6.2 +1.5
IJR iShares Core S&P Small Cap ETF 17.5 6 33 6.3 +1.6
VIOO Vanguard S&P Small-Cap 600 ETF 17.5 10 29 6.1 +1.4
SQLV Legg Mason Small-Cap Quality Value 16.7 62 -23 5.5 +0.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 16.7 29 10 4.4 -0.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 15.6 24 15 5.9 +1.2
DES WisdomTree U.S. SmallCap Dividend Fund 15.4 38 1 7.4 +2.8
FDM First Trust Dow Jones Select Microcap Index Fund 14.8 60 -21 2.5 -2.2
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 14.7 35 4 5.3 +0.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 13.4 39 0 7.9 +3.3
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 13.4 29 10 7.3 +2.6
IWM iShares Russell 2000 ETF 13.1 19 20 2.9 -1.8
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 13.0 35 4 6.8 +2.2
ROGS Hartford Multifactor Global Small Cap ETF 13.0 34 5 7.2 +2.6
VTWO Vanguard Russell 2000 Index Fund 12.9 10 29 3.0 -1.7
CALF Pacer US Small Cap Cash Cows 100 ETF 12.9 59 -20 8.0 +3.3
VFLQ Vanguard U.S. Liquidity Factor ETF 12.7 14 25 3.7 -1.0
TPSC Timothy Plan US Small Cap Core ETF 12.6 52 -13 6.5 +1.8
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 12.2 12 27 6.6 +1.9
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 11.5 35 4 7.0 +2.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 11.1 30 9 6.9 +2.2
VFQY Vanguard U.S. Quality Factor ETF 10.4 13 26 5.8 +1.1
PSC Principal U.S. Small Cap Index ETF 9.8 38 1 5.3 +0.6
DEEP Roundhill Acquirers Deep Value ETF 9.7 80 -41 8.3 +3.6
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 9.5 125 -86 -2.5 -7.2
DWAS Invesco DWA SmallCap Momentum ETF 9.2 60 -21 -1.5 -6.1
AFSM First Trust Active Factor Small Cap ETF 8.8 75 -36 5.1 +0.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 8.6 16 23 4.7 +0.1
VFMF Vanguard U.S. Multifactor ETF 8.4 19 20 6.5 +1.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 8.3 29 10 -0.4 -5.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 8.3 38 1 7.6 +2.9
PSCI Invesco S&P SmallCap Industrials ETF 8.2 29 10 5.6 +0.9
ISMD Inspire Small/Mid Cap Impact ETF 8.1 60 -21 4.2 -0.5
SLYG SPDR S&P 600 Small Cap Growth ETF 7.7 15 24 4.9 +0.2
IJT iShares S&P Small-Cap 600 Growth ETF 7.7 25 14 4.8 +0.1
QABA First Trust NASDAQ ABA Community Bank Index Fund 7.6 60 -21 8.5 +3.8
SCHA Schwab U.S. Small-Cap ETF 7.6 4 35 4.1 -0.6
PSCF Invesco S&P SmallCap Financials ETF 7.4 29 10 9.6 +5.0
FYX First Trust Small Cap Core AlphaDEX Fund 6.5 63 -24 6.4 +1.7
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 6.2 35 4 8.5 +3.8
RNSC Small Cap US Equity Select ETF 6.1 60 -21 6.8 +2.1
NUSC Nuveen ESG Small-Cap ETF 5.8 40 -1 4.2 -0.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 5.6 17 22 4.3 -0.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 5.5 6 33 4.5 -0.2
VFMO Vanguard U.S. Momentum Factor ETF 5.5 13 26 0.3 -4.4
RZG Invesco S&P Smallcap 600 Pure Growth ETF 5.3 35 4 5.1 +0.4
PAVE Global X U.S. Infrastructure Development ETF 5.1 47 -8 4.5 -0.2
PXSG Invesco S&P SmallCap Momentum ETF 5.1 39 0 4.1 -0.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 4.9 20 19 4.4 -0.3
XSHQ Invesco S&P SmallCap Quality ETF 4.8 29 10 6.0 +1.3
XRT SPDR S&P Retail ETF 4.5 35 4 5.0 +0.3
FSMD Fidelity Small-Mid Factor ETF 4.5 29 10 5.7 +1.0
VAMO Cambria Value & Momentum ETF 4.3 63 -24 5.9 +1.2
VXF Vanguard Extended Market Index Fund 4.3 6 33 2.8 -1.8
PSCM Invesco S&P SmallCap Materials ETF 4.1 29 10 7.5 +2.9
VBR Vanguard Small Cap Value Index Fund 4.1 7 32 7.1 +2.4
JSML Janus Henderson Small Cap Growth Alpha ETF 4.1 30 9 6.8 +2.2
FYT First Trust Small Cap Value AlphaDEX Fund 3.9 72 -33 9.2 +4.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 3.8 20 19 7.8 +3.1
PSCH Invesco S&P SmallCap Health Care ETF 3.8 29 10 3.1 -1.6
PSCE Invesco S&P SmallCap Energy ETF 3.7 29 10 0.1 -4.6
ROOF IQ US Real Estate Small Cap ETF 3.6 70 -31 9.5 +4.8
IWO iShares Russell 2000 Growth ETF 3.6 24 15 -0.1 -4.7
VCR Vanguard Consumer Discretionary Index Fund 3.6 10 29 3.6 -1.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 3.6 30 9 7.9 +3.2
FYC First Trust Small Cap Growth AlphaDEX Fund 3.5 70 -31 2.0 -2.7
BFOR Barron's 400 ETF 3.4 65 -26 6.0 +1.4
RYJ Invesco Raymond James SB-1 Equity ETF 3.4 76 -37 3.2 -1.5
TUSA First Trust Total US Market AlphaDEX ETF 3.2 70 -31 5.3 +0.6
VTWG Vanguard Russell 2000 Growth Index Fund 3.2 15 24 -0.0 -4.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 3.1 25 14 5.6 +1.0
IFRA iShares U.S. Infrastructure ETF 3.0 40 -1 5.0 +0.3
XHS SPDR S&P Health Care Services ETF 3.0 35 4 3.8 -0.9
KOMP SPDR Kensho New Economies Composite ETF 2.8 20 19 2.1 -2.6
AIRR First Trust RBA American Industrial Renaissance ETF 2.7 70 -31 5.9 +1.2
VB Vanguard Small-Cap ETF 2.4 5 34 4.8 +0.1
PSCT Invesco S&P SmallCap Information Technology ETF 2.4 29 10 4.9 +0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 2.3 25 14 6.0 +1.3
SYLD Cambria Shareholder Yield ETF 2.3 59 -20 7.4 +2.7

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:

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 6.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.