Invesco Gbl Clean Energy
ALTAR
Score™
0.4% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
31.6x P/Sales
ratio
1.3x
P/BV
ratio
2.1x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Global Clean Energy Portfolio seeks to track the investment performance of the WilderHill New Energy Global Innovation Index, a modified equal-weighted index.

FUND BASICS
Category Global Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Jun 13, 2007
Assets (mns) $69
Currency USD
Expense ratio 75 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 92
Wgt avg mkt cap (mns) $5,077
Large cap (>$10bn) 14.5%
Mid cap ($2-10bn) 26.9%
Small cap (<$2bn) 57.5%
Developed mkts 77.4%
Emerging mkts 22.6%

TOP TEN HOLDINGS
TESLA MOTORS INC 1.8 %
BLOOM ENERGY CORPORATION CLASS A 1.5 %
BALLARD POWER SYSTEMS INC 1.5 %
ENPHASE ENERGY INC 1.4 %
NIO INC. SPONSORED ADR CLASS A 1.4 %
SAMSUNG SDI CO LTD 1.4 %
SUNRUN INC. 1.4 %
VIVINT SOLAR INC 1.4 %
PLUG POWER INC 1.3 %
DAQO NEW ENERGY CORP. SPONSORED AD 1.3 %
Total 14.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 23.9 %
CHINA 7.9 %
CANADA 7.1 %
TAIWAN 4.9 %
SPAIN 4.5 %
DENMARK 3.1 %
BRITAIN 3.0 %
SWITZERLAND 3.0 %
NEW ZEALAND 2.9 %
GERMANY 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.2% 28.6% 7.4% 1.4% -3.3%

Market Correlations
versus... Beta R-squared
S&P500 1.06 64%
MSCI EAFE 1.16 63%
MSCI Emg. Mkts. 0.86 61%

Technical Indicators
Recent close $16.32
30d moving avg. $15.29
Annualized volatility 16.0%
Short interest (ETF) 2.1%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 32
Turnover 0.8%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $13,988

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Invesco Gbl Clean Energy ETF based on the alternatives' overlap in portfolio holdings with PBD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PBD Expense: 75 bp ALTAR Score™: 0.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PBD
Ticker Fund
Name
Overlap1
vs PBD
(%)
Expense
ratio
(bp)
Savings
vs PBD
(bp)
ALTAR
Score™
(%)
ALTAR
vs PBD
(%)
PBW Invesco WilderHill Clean Energy 31.3 70 5 -0.7 -1.1
ICLN iShares S&P Global Clean Energy 27.8 46 29 3.2 +2.8
QCLN First Trust NASDAQ Clean Edge Green Energy 24.9 60 15 1.3 +0.9
ACES ALPS Clean Energy 23.3 65 10 0.7 +0.3
TAN Invesco Global Solar Energy 19.9 70 5 1.2 +0.8
XKCP SPDR Kensho Clean Power 18.5 45 30 -7.6 -8.0
GEX VanEck Vectors Global Alternative Energy 17.7 63 12 3.4 +3.1
YLCO Global X YieldCo & Renewable Energy Income 16.5 65 10 4.0 +3.6
PZD Invesco Cleantech 15.2 68 7 4.2 +3.9
FAN First Trust Global Wind 10.4 60 15 5.0 +4.6
KARS KraneShares Electric Vehicles & Future Mobility Index 9.0 70 5 5.1 +4.7
SDG iShares MSCI Global Impact 8.9 49 26 4.9 +4.6
GMAN Goldman Sachs Motif Manufacturing Revolution 8.1 50 25 4.3 +3.9
KOMP SPDR Kensho New Economies Composite 8.0 20 55 2.0 +1.6
KGRN KraneShares MSCI China Environment Index 7.7 80 -5 7.3 +6.9
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure 7.6 70 5 4.4 +4.0
SDGA Impact Shares Sustainable Development Goals Global 6.9 75 0 5.0 +4.6
WOMN Impact Shares YWCA Women's Empowerment 6.6 75 0 4.8 +4.4
DTEC ALPS Disruptive Technologies 6.6 50 25 3.2 +2.9
NACP Impact Shares NAACP Minority Empowerment 6.3 75 0 4.9 +4.5

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

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 Gbl Clean Energy
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 2.3 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 0.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.55
 
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.