Invesco Global Clean Energy ETF
ALTAR
Score™
1.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
39.7x P/Sales
ratio
1.2x
P/BV
ratio
2.1x Div.
yield
1.8%


  • 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) $63
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 88
Wgt avg mkt cap (mns) $6,060
Large cap (>$10bn) 15.7%
Mid cap ($2-10bn) 31.8%
Small cap (<$2bn) 51.2%
Developed mkts 82.6%
Emerging mkts 17.4%

TOP TEN HOLDINGS
ENPHASE ENERGY INC 1.8 %
TESLA MOTORS INC 1.6 %
TPI COMPOSITES, INC. 1.6 %
NIBE INDUSTRIER AB CLASS B 1.5 %
CREE INC 1.5 %
SUNRUN INC. 1.5 %
SOLAREDGE TECHNOLOGIES, INC. 1.5 %
SOLARIA ENERGIA Y MEDIO AMBI 1.4 %
SUNPOWER CORP 1.4 %
ACTELIOS SPA 1.3 %
Total 15.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 26.3 %
CANADA 6.5 %
CHINA 5.9 %
SPAIN 5.6 %
TAIWAN 4.4 %
DENMARK 3.4 %
GERMANY 3.3 %
BRITAIN 3.0 %
NEW ZEALAND 2.9 %
ITALY 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.6% 25.8% 3.0% 3.0% -3.4%

Market Correlations
versus... Beta R-squared
S&P500 1.14 73%
MSCI EAFE 1.23 73%
MSCI Emg. Mkts. 1.00 75%

Technical Indicators
Recent close $14.92
30d moving avg. $13.47
Annualized volatility 22.6%
Short interest (ETF) 0.2%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.3%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $19,229

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco Global Clean Energy ETF 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™: 1.9%


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 ETF 32.7 70 5 -4.7 -6.6
ICLN iShares Global Clean Energy ETF 28.7 46 29 3.4 +1.5
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 26.7 60 15 0.6 -1.3
ACES ALPS Clean Energy ETF 24.9 65 10 1.2 -0.8
TAN Invesco Solar ETF 20.1 71 4 1.8 -0.1
XKCP SPDR Kensho Clean Power ETF 19.7 45 30 -10.8 -12.7
GEX VanEck Vectors Global Alternative Energy ETF 18.4 63 12 4.9 +3.0
PZD Invesco Cleantech ETF 18.0 68 7 4.8 +2.9
YLCO Global X YieldCo Index ETF 15.5 65 10 4.5 +2.6
FAN First Trust Global Wind Energy ETF 9.7 60 15 6.4 +4.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 9.7 70 5 4.4 +2.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 9.5 70 5 5.9 +3.9
SDG iShares Sustainable MSCI Global Impact ETF 8.5 49 26 6.2 +4.3
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 8.1 50 25 4.2 +2.3
KOMP SPDR Kensho New Economies Composite ETF 7.9 20 55 1.6 -0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 7.5 75 0 4.6 +2.6
NACP Impact Shares NAACP Minority Empowerment ETF 6.8 75 0 4.6 +2.7
SDGA Impact Shares Sustainable Development Goals Global ETF 6.7 75 0 5.5 +3.5
DTEC ALPS Disruptive Technologies ETF 6.4 50 25 3.5 +1.6
LIT Global X Lithium & Battery Tech ETF 6.0 75 0 3.5 +1.6
KGRN KraneShares MSCI China Environment Index ETF 5.9 80 -5 8.2 +6.2
DRIV Global X Autonomous & Electric Vehicles ETF 5.8 68 7 6.0 +4.1
XKST SPDR Kensho Smart Mobility ETF 5.5 45 30 2.4 +0.5
XSD SPDR S&P Semiconductor ETF 5.2 35 40 4.0 +2.0
EKAR Innovation Shares NextGen Vehicles & Technology ETF 5.0 65 10 8.6 +6.7
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 4.6 75 0 2.2 +0.2
IMOM Alpha Architect International Quantitative Momentum ETF 4.6 59 16 4.2 +2.3
ETHO Etho Climate Leadership U.S. ETF 3.7 47 28 4.4 +2.5
EDEN iShares MSCI Denmark Capped ETF 3.4 53 22 6.4 +4.5
IDRV iShares Self-driving EV & Tech ETF 3.3 47 28 6.9 +5.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 3.3 49 26 3.2 +1.3
NUSC Nuveen ESG Small-Cap ETF 3.1 40 35 5.0 +3.1
FEP First Trust Europe AlphaDEX Fund 3.0 80 -5 8.1 +6.2
PIZ Invesco DWA Developed Markets Momentum ETF 2.9 80 -5 4.3 +2.4
ECOZ TrueMark ESG Active Opportunities ETF 2.9 58 17 4.4 +2.5
ENZL iShares MSCI New Zealand Capped ETF 2.9 50 25 2.8 +0.8
MOTO SmartETFs Smart Transportation & Technology ETF 2.8 68 7 8.3 +6.3
SMEZ SPDR EURO STOXX Small Cap ETF 2.7 45 30 5.6 +3.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 2.6 70 5 3.1 +1.1
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 2.5 39 36 6.3 +4.3
RFG Invesco S&P Midcap 400 Pure Growth ETF 2.5 35 40 3.7 +1.8
CARZ First Trust NASDAQ Global Auto Index Fund 2.5 70 5 15.7 +13.7
FEUZ First Trust Eurozone AlphaDEX ETF 2.5 80 -5 8.0 +6.1
VXF Vanguard Extended Market Index Fund 2.5 7 68 3.8 +1.9
ISRA VanEck Vectors Israel ETF 2.5 60 15 7.1 +5.1
ITEQ BlueStar Israel Technology ETF 2.5 75 0 1.1 -0.9
NUEM Nuveen ESG Emerging Markets Equity ETF 2.5 45 30 7.9 +5.9
JPEU JPMorgan Diversified Return Europe Equity ETF 2.4 37 38 7.0 +5.0
OSCV Opus Small Cap Value Plus ETF 2.4 79 -4 5.8 +3.9
FDM First Trust Dow Jones Select Microcap Index Fund 2.4 60 15 7.8 +5.9
FDMO Fidelity Momentum Factor ETF 2.4 29 46 3.9 +2.0
PLCY EventShares U.S. Legislative Opportunities ETF 2.3 75 0 3.7 +1.8
JKJ iShares Morningstar Small-Cap ETF 2.3 25 50 6.5 +4.5
RFDI First Trust Riverfront Dynamic Developed International ETF 2.3 83 -8 6.4 +4.5
GXF Global X FTSE Nordic Region ETF 2.2 58 17 11.2 +9.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 2.2 70 5 2.1 +0.2
XKII SPDR Kensho Intelligent Structures ETF 2.2 45 30 6.2 +4.3
DWX SPDR S&P International Dividend ETF 2.2 45 30 8.0 +6.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.2 29 46 6.0 +4.0
ECLN First Trust EIP Carbon Impact ETF 2.2 95 -20 3.7 +1.7
RFEU First Trust Riverfront Dynamic Europe ETF 2.2 83 -8 5.1 +3.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.2 50 25 6.6 +4.7
PEXL Pacer US Export Leaders ETF 2.1 60 15 6.2 +4.3
VAMO Cambria Value & Momentum ETF 2.1 64 11 7.4 +5.4
JKK iShares Morningstar Small-Cap Growth ETF 2.1 30 45 1.3 -0.6
XT iShares Exponential Technologies ETF 2.1 47 28 5.2 +3.3
CHIQ Global X China Consumer ETF 2.1 65 10 9.4 +7.5
DWCR Arrow DWA Country Rotation ETF 2.0 95 -20 17.8 +15.9
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 2.0 40 35 8.6 +6.6
SNSR Global X Internet of Things Thematic ETF 2.0 68 7 4.7 +2.8
ECNS iShares MSCI China Small-Cap ETF 1.9 59 16 11.8 +9.9
IQDG WisdomTree International Quality Dividend Growth Fund 1.9 38 37 6.5 +4.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.9 15 60 4.8 +2.9
IJK iShares S&P Mid-Cap 400 Growth ETF 1.9 24 51 4.7 +2.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.9 58 17 6.4 +4.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 1.9 58 17 6.2 +4.3
SCIX Global X Scientific Beta Asia ex-Japan ETF 1.9 38 37 6.7 +4.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 1.9 17 58 4.9 +3.0
JXI iShares Global Utilities ETF 1.9 46 29 5.8 +3.9
RBIN Nationwide Risk-Based International Equity ETF 1.8 42 33 6.5 +4.6
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.8 15 60 4.7 +2.8
DFE WisdomTree Europe SmallCap Dividend Fund 1.8 58 17 8.7 +6.8
SCID Global X Scientific Beta Europe ETF 1.8 38 37 7.1 +5.1
SFYF SoFi 50 ETF 1.8 29 46 5.5 +3.5
DDEZ WisdomTree Europe Multifactor Fund 1.8 43 32 7.2 +5.3
AUSF Global X Adaptive U.S. Factor ETF 1.8 27 48 8.1 +6.2
FDT First Trust Developed Markets ex-US Alphadex Fund 1.7 80 -5 7.9 +5.9
MDY SPDR S&P Midcap 400 ETF Trust 1.7 23 52 6.2 +4.3
SPMD SPDR Portfolio Mid Cap ETF 1.7 5 70 6.4 +4.5
IJH iShares Core S&P Mid-Cap ETF 1.7 6 69 6.4 +4.5
FPXI First Trust International Equity Opportunities ETF 1.7 70 5 2.8 +0.9
IVOO Vanguard S&P Mid-Cap 400 ETF 1.7 10 65 6.3 +4.3
VBK Vanguard Small-Cap Growth Index Fund 1.7 7 68 2.5 +0.6
IEUS iShares MSCI Europe Small-Cap ETF 1.7 40 35 7.0 +5.1
TPIF Timothy Plan International ETF 1.7 62 13 7.1 +5.2
PSCT Invesco S&P SmallCap Information Technology ETF 1.6 29 46 5.6 +3.7
VFMO Vanguard U.S. Momentum Factor ETF 1.6 13 62 2.1 +0.2
EUMV iShares Edge MSCI Min Vol Europe ETF 1.6 25 50 5.6 +3.7
RYJ Invesco Raymond James SB-1 Equity ETF 1.6 82 -7 3.5 +1.6
JKE iShares Morningstar Large-Cap Growth ETF 1.6 25 50 3.5 +1.5

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

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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 Global Clean Energy 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 5.5 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 1.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.51
 
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.