Invesco Dynamic Biotechnology & Genome ETF
ALTAR
Score™
-1.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
140.0x P/Sales
ratio
5.6x
P/BV
ratio
4.7x Div.
yield
0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco Dynamic Biotechnology & Genome Portfolio ETF tracks a tiered equal-weighted index of companies principally engaged in biotechnology and genetic engineering.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Jun 23, 2005
Assets (mns) $234
Currency USD
Expense ratio 57 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian BNY Mellon
Weighting Tiered
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 31
Wgt avg mkt cap (mns) $23,152
Large cap (>$10bn) 43.1%
Mid cap ($2-10bn) 28.8%
Small cap (<$2bn) 28.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CATALENT INC 6.4 %
BIO-TECHNE CORPORATION 5.9 %
NEUROCRINE BIOSCIENCES INC 5.9 %
ALEXION PHARMACEUTICALS INC 5.6 %
VERTEX PHARMACEUTICALS INC 5.6 %
AMGEN INC 4.9 %
GILEAD SCIENCES INC 4.6 %
BIOGEN IDEC INC 4.3 %
REPLIGEN CORP 3.6 %
EMERGENT BIOSOLUTIONS INC 3.6 %
Total 50.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.1 %
SWITZERLAND 3.1 %
IRELAND 2.0 %








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.
4.0% 20.0% 0.5% 12.7% 9.7%

Market Correlations
versus... Beta R-squared
S&P500 1.11 61%
MSCI EAFE 1.04 47%
MSCI Emg. Mkts. 0.79 41%

Technical Indicators
Recent close $56.48
30d moving avg. $56.07
Annualized volatility 23.9%
Short interest (ETF) 0.3%
Short interest (Underlying) 8.4%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.3%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $6,710

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco Dynamic Biotechnology & Genome ETF ETF based on the alternatives' overlap in portfolio holdings with PBE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PBE Expense: 57 bp ALTAR Score™: -1.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PBE
Ticker Fund
Name
Overlap1
vs PBE
(%)
Expense
ratio
(bp)
Savings
vs PBE
(bp)
ALTAR
Score™
(%)
ALTAR
vs PBE
(%)
FBT First Trust NYSE Arca Biotechnology Index Fund 30.1 57 0 -1.0 +0.1
IBB iShares NASDAQ Biotechnology ETF 29.4 47 10 0.4 +1.4
BBH VanEck Vectors Biotech ETF 27.0 35 22 3.7 +4.7
IEIH iShares Evolved U.S. Innovative Healthcare ETF 24.7 18 39 4.0 +5.0
XBI SPDR S&P BIOTECH ETF 24.2 35 22 -3.9 -2.8
PJP Invesco Dynamic Pharmaceuticals ETF 17.0 56 1 11.1 +12.1
SBIO ALPS Medical Breakthroughs ETF 16.9 50 7 -1.2 -0.2
GNOM Global X Genomics & Biotechnology ETF 14.9 68 -11 -3.6 -2.6
PTH Invesco DWA Healthcare Momentum ETF 13.9 60 -3 -2.6 -1.6
HELX Franklin Genomic Advancements ETF 13.4 50 7 -1.8 -0.8
FXH First Trust Health Care AlphaDEX Fund 12.5 62 -5 4.4 +5.5
BBC Virtus LifeSci Biotech Clinical Trials ETF 11.2 79 -22 -1.0 -0.0
LNGR Global X Longevity Thematic ETF 11.0 50 7 3.0 +4.0
IDNA iShares Genomics Immunology & Healthcare ETF 11.0 47 10 -2.6 -1.6
PSCH Invesco S&P SmallCap Health Care ETF 10.9 29 28 3.0 +4.0
IYH iShares U.S. Healthcare ETF 10.7 43 14 6.1 +7.1
FHLC Fidelity MSCI Health Care Index ETF 10.5 8 49 5.6 +6.6
VHT Vanguard Health Care Index Fund 10.4 10 47 5.5 +6.5
JHMH John Hancock Multifactor Healthcare ETF 10.4 40 17 6.0 +7.0
XLV Health Care Select Sector SPDR Fund 10.2 13 44 7.0 +8.0
KNOW Direxion All Cap Insider Sentiment Shares 9.9 59 -2 5.5 +6.5
CNCR Loncar Cancer Immunotherapy ETF 9.3 79 -22 -3.4 -2.4
BTEC Principal Healthcare Innovators Index ETF 9.2 42 15 -2.5 -1.5
SDG iShares Sustainable MSCI Global Impact ETF 8.8 49 8 6.1 +7.1
XPH SPDR S&P Pharmaceuticals ETF 8.5 35 22 4.8 +5.8
FTXH First Trust Nasdaq Pharmaceuticals ETF 8.2 60 -3 7.2 +8.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 8.0 60 -3 3.5 +4.5
FTCS First Trust Capital Strength ETF 7.8 60 -3 4.9 +5.9
RYH Invesco S&P 500 Equal Weight Health Care ETF 7.8 40 17 6.3 +7.3
CACG ClearBridge All Cap Growth ETF 7.4 54 3 4.5 +5.5
FMK First Trust Mega Cap AlphaDEX Fund 7.4 70 -13 5.2 +6.2
IHE iShares U.S. Pharmaceuticals ETF 7.3 42 15 5.3 +6.3
COWZ Pacer US Cash Cows 100 ETF 7.0 49 8 9.4 +10.4
IXJ iShares Global Healthcare ETF 6.9 46 11 6.2 +7.2
RFG Invesco S&P Midcap 400 Pure Growth ETF 6.3 35 22 3.7 +4.7
GDNA Goldman Sachs Motif Human Evolution ETF 6.3 50 7 0.3 +1.3
SPHQ Invesco S&P 500 Quality ETF 6.2 15 42 5.1 +6.1
PKW Invesco Buyback Achievers ETF 5.9 62 -5 6.6 +7.6
MTUM iShares Edge MSCI USA Momentum Factor ETF 5.9 15 42 4.8 +5.9
QVAL Alpha Architect U.S. Quantitative Value ETF 5.7 49 8 10.4 +11.4
PWV Invesco Dynamic Large Cap Value ETF 5.6 55 2 8.0 +9.0
VFMO Vanguard U.S. Momentum Factor ETF 5.6 13 44 2.1 +3.1
SHE SPDR SSGA Gender Diversity Index ETF 5.5 20 37 5.4 +6.4
HTEC ROBO Global Healthcare Technology & Innovation ETF 5.2 68 -11 0.5 +1.5
MOAT VanEck Vectors Morningstar Wide Moat ETF 5.2 49 8 5.9 +6.9
JKK iShares Morningstar Small-Cap Growth ETF 5.0 30 27 1.4 +2.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 4.8 35 22 4.3 +5.4
JKF iShares Morningstar Large Cap Value ETF 4.8 25 32 7.5 +8.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 4.8 60 -3 4.1 +5.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 4.8 70 -13 2.1 +3.2
FTHI First Trust High Income ETF 4.8 85 -28 5.4 +6.4
AUSF Global X Adaptive U.S. Factor ETF 4.7 27 30 7.8 +8.9
DWAS Invesco DWA SmallCap Momentum ETF 4.6 60 -3 -1.1 -0.1
DVP Deep Value ETF 4.6 59 -2 14.8 +15.8
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 4.6 60 -3 3.5 +4.5
SFYF SoFi 50 ETF 4.5 29 28 5.4 +6.4
TECB iShares US Tech Breakthrough Multisector ETF 4.5 40 17 4.1 +5.2
FTLB First Trust Hedged BuyWrite Income ETF 4.3 85 -28 5.5 +6.5
QYLD Global X NASDAQ 100 Covered Call ETF 4.3 60 -3 3.7 +4.7
GURU Global X Guru Index ETF 4.3 75 -18 4.0 +5.0
DGRW WisdomTree U.S. Quality Dividend Growth Fund 4.2 28 29 6.5 +7.5
VFMV Vanguard U.S. Minimum Volatility ETF 4.2 13 44 3.8 +4.8
AIEQ AI Powered Equity ETF 4.2 87 -30 3.4 +4.4
VBK Vanguard Small-Cap Growth Index Fund 4.2 7 50 2.5 +3.6
NUSI Nationwide Risk-Managed Income ETF 4.2 68 -11 3.7 +4.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 4.2 15 42 4.8 +5.8
IJK iShares S&P Mid-Cap 400 Growth ETF 4.2 24 33 4.7 +5.7
FYC First Trust Small Cap Growth AlphaDEX Fund 4.1 70 -13 2.5 +3.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 4.1 60 -3 6.2 +7.2
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 4.1 75 -18 5.4 +6.5
ACT AdvisorShares Vice ETF 4.1 99 -42 5.2 +6.3
FDRR Fidelity Dividend ETF for Rising Rates 4.0 29 28 6.9 +7.9
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 4.0 75 -18 2.2 +3.3
QQQ Invesco QQQ Trust 4.0 20 37 4.1 +5.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 4.0 15 42 4.6 +5.7
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 4.0 75 -18 6.0 +7.0
QDIV Global X S&P 500 Quality Dividend ETF 3.9 20 37 8.1 +9.1
SYG SPDR MFS Systematic Growth Equity ETF 3.8 60 -3 4.6 +5.7
XT iShares Exponential Technologies ETF 3.7 47 10 5.2 +6.2
PPH VanEck Vectors Pharmaceutical ETF 3.7 36 21 10.1 +11.1
QGRO American Century STOXX U.S. Quality Growth ETF 3.7 29 28 3.1 +4.2
FPX First Trust US IPO Index Fund 3.7 59 -2 4.2 +5.2
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 3.6 39 18 6.1 +7.1
FDMO Fidelity Momentum Factor ETF 3.6 29 28 4.0 +5.0
ESGS Columbia Sustainable U.S. Equity Income ETF 3.6 35 22 8.6 +9.7
LRGE ClearBridge Large Cap Growth ESG ETF 3.6 60 -3 4.0 +5.0
GBDV Global Beta Smart Income ETF 3.5 29 28 11.4 +12.4
FLQL Franklin LibertyQ U.S. Equity ETF 3.5 15 42 6.2 +7.2
IWO iShares Russell 2000 Growth ETF 3.5 24 33 0.7 +1.8
FFTY Innovator IBD 50 ETF 3.5 80 -23 3.6 +4.6
DURA VanEck Vectors Morningstar Durable Dividend ETF 3.4 29 28 6.8 +7.8
TTAC TrimTabs Float Shrink ETF 3.4 59 -2 3.6 +4.6
VTWG Vanguard Russell 2000 Growth Index Fund 3.4 15 42 0.8 +1.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 3.4 21 36 3.2 +4.2
JQUA JPMorgan U.S. Quality Factor ETF 3.3 12 45 5.2 +6.2
VLUE iShares Edge MSCI USA Value Factor ETF 3.3 15 42 10.7 +11.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 3.3 19 38 5.6 +6.6
XMMO Invesco S&P MidCap Momentum ETF 3.3 39 18 4.3 +5.4
FQAL Fidelity Quality Factor ETF 3.2 29 28 5.4 +6.5

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 Dynamic Biotechnology & Genome ETF
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 -2.0 %
Divided by: Fwd. P/BV 4.6 x
Less: Expense ratio 57 bp
Equals: ALTAR Score -1.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 CATEGORY
AVERAGE
1.53
 
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.