Invesco PureBeta MSCI USA ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.2x P/Sales
ratio
2.7x
P/BV
ratio
3.6x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco PureBeta MSCI USA Portfolio tracks a market-cap-selected and -weighted index of mid- and large-cap US stocks.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.invesco.com
Inception date Sep 22, 2017
Assets (mns) $8
Currency USD
Expense ratio 4 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 616
Wgt avg mkt cap (mns) $440,010
Large cap (>$10bn) 97.1%
Mid cap ($2-10bn) 2.7%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
APPLE INC 6.6 %
MICROSOFT CORP 5.2 %
AMAZON.COM INC 4.5 %
FACEBOOK 2.2 %
ALPHABET INC. CLASS C 1.5 %
ALPHABET INC. CLASS A 1.5 %
JOHNSON & JOHNSON 1.3 %
VISA INC-CLASS A SHARES 1.1 %
PROCTER & GAMBLE CO/THE 1.1 %
JPMORGAN CHASE & CO 1.0 %
Total 26.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
IRELAND 1.5 %
BRITAIN 1.0 %
SWITZERLAND 0.4 %
BERMUDA 0.2 %
ARGENTINA 0.2 %
NETHERLANDS 0.1 %
CANADA 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.5% 12.2% -- -- 12.2%

Market Correlations
versus... Beta R-squared
S&P500 0.93 96%
MSCI EAFE 0.96 85%
MSCI Emg. Mkts. 0.68 71%

Technical Indicators
Recent close $33.98
30d moving avg. $32.71
Annualized volatility 16.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.4%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $257,618

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PBUS Expense: 4 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PBUS
Ticker Fund
Name
Overlap1
vs PBUS
(%)
Expense
ratio
(bp)
Savings
vs PBUS
(bp)
ALTAR
Score™
(%)
ALTAR
vs PBUS
(%)
BBUS JP Morgan Betabuilders U.S. Equity ETF 96.6 2 2 5.1 +0.1
SCHX Schwab U.S. Large-Cap ETF 96.4 3 1 5.1 +0.0
VV Vanguard Large-Cap Index Fund 95.5 4 0 5.0 -0.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 95.5 7 -3 5.0 -0.0
SCHK Schwab 1000 Index ETF 93.8 5 -1 5.0 +0.0
VONE Vanguard Russell 1000 ETF 93.4 8 -4 5.0 -0.1
IWB iShares Russell 1000 ETF 93.2 15 -11 4.9 -0.1
PBP Invesco S&P 500 BuyWrite ETF 93.1 49 -45 4.7 -0.3
SPY SPDR S&P 500 ETF Trust 93.1 9 -5 5.1 +0.1
SPLG SPDR Portfolio Large Cap ETF 93.1 3 1 5.2 +0.2
IVV iShares Core S&P 500 ETF 93.1 4 0 5.2 +0.1
VOO VANGUARD S&P 500 ETF 93.0 3 1 5.2 +0.2
IYY iShares Dow Jones U.S. ETF 92.8 20 -16 4.9 -0.1
HSPX Global X S&P 500 Covered Call ETF 92.7 65 -61 4.6 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 91.6 3 1 5.3 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 91.3 20 -16 5.1 +0.1
SPXE ProShares S&P 500 Ex-Energy ETF 90.8 27 -23 5.1 +0.0
SCHB Schwab U.S. Broad Market ETF 89.0 3 1 5.0 -0.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 88.6 3 1 4.9 -0.1
IWV iShares Russell 3000 ETF 88.1 20 -16 4.8 -0.3
VTHR Vanguard Russell 3000 Index Fund 87.9 10 -6 4.8 -0.2
VTI Vanguard Total Stock Market Index Fund 86.1 3 1 4.9 -0.2
ESGV Vanguard ESG U.S. Stock ETF 84.5 12 -8 4.9 -0.1
ESGU iShares MSCI USA ESG Optimized ETF 82.6 15 -11 4.9 -0.2
MGC Vanguard Mega Cap Index Fund 82.0 7 -3 5.0 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 81.6 27 -23 4.7 -0.3
SFY SoFi Select 500 ETF 80.4 0 4 5.0 -0.0
CATH Global X S&P 500 Catholic Values Custom ETF 80.1 29 -25 5.0 -0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 79.7 27 -23 4.7 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 79.3 20 -16 4.7 -0.3
IWL iShares Russell Top 200 ETF 78.7 15 -11 4.7 -0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 78.1 0 4 4.9 -0.1
JHML John Hancock Multifactor Large Cap ETF 77.9 29 -25 5.3 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 75.3 9 -5 5.3 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 74.3 8 -4 6.2 +1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 72.3 12 -8 4.5 -0.6
SNPE Xtrackers S&P 500 ESG ETF 71.7 11 -7 4.9 -0.2
TOK iShares MSCI Kokusai ETF 71.3 25 -21 5.3 +0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 71.2 9 -5 5.5 +0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 70.2 25 -21 6.2 +1.2
IQSU IQ Candriam ESG US Equity ETF 69.8 9 -5 4.9 -0.2
AVUS Avantis U.S. Equity ETF 68.7 15 -11 5.4 +0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 67.8 4 0 4.2 -0.9
VOOG Vanguard S&P 500 Growth ETF 67.8 10 -6 4.1 -0.9
IVW iShares S&P 500 Growth ETF 67.8 18 -14 4.0 -1.0
IUSG iShares Core S&P US Growth ETF 67.6 4 0 4.2 -0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 67.3 25 -21 6.1 +1.1
SPXT ProShares S&P 500 Ex-Technology ETF 67.1 27 -23 5.4 +0.4
QUS SPDR MSCI USA StrategicFactors ETF 66.9 15 -11 5.6 +0.6
URTH iShares MSCI World ETF 65.9 24 -20 5.5 +0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 65.7 25 -21 6.1 +1.1
PRF Invesco FTSE RAFI US 1000 ETF 65.4 39 -35 6.5 +1.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 64.0 60 -56 3.9 -1.1
ESG FlexShares STOXX US ESG Impact Index Fund 63.7 32 -28 4.8 -0.2
OEF iShares S&P 100 ETF 62.3 20 -16 4.6 -0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 62.0 30 -26 6.2 +1.2
DIVB iShares U.S. Dividend & Buyback ETF 61.4 25 -21 6.3 +1.3
IUS Invesco Strategic US ETF 61.3 19 -15 6.2 +1.2
IWF iShares Russell 1000 Growth ETF 58.9 19 -15 3.6 -1.5
VONG Vanguard Russell 1000 Growth Index Fund 58.9 8 -4 3.7 -1.3
DTD WisdomTree U.S.Total Dividend Fund 58.4 28 -24 6.4 +1.4
SCHG Schwab U.S. Large-Cap Growth ETF 58.0 4 0 3.9 -1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 57.9 28 -24 6.2 +1.2
ACWI iShares MSCI ACWI ETF 57.8 32 -28 5.7 +0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 57.4 15 -11 6.0 +1.0
VUG Vanguard Growth Index Fund 57.1 4 0 3.8 -1.2
VLU SPDR S&P 1500 Value Tilt ETF 56.8 12 -8 7.0 +2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 56.7 20 -16 5.9 +0.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 56.3 20 -16 5.9 +0.8
RWL Invesco S&P 500 Revenue ETF 56.1 39 -35 6.8 +1.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 55.3 29 -25 5.8 +0.7
EXT WisdomTree U.S. Total Earnings Fund 55.1 28 -24 5.0 -0.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 54.3 42 -38 5.2 +0.2
VONV Vanguard Russell 1000 Value Index Fund 53.7 8 -4 6.8 +1.8
IWD iShares Russell 1000 Value ETF 53.7 19 -15 6.7 +1.7
IUSV iShares Core S&P U.S. Value ETF 52.4 4 0 7.2 +2.1
SPYV SPDR Portfolio S&P 500 Value ETF 52.3 4 0 7.1 +2.1
IVE iShares S&P 500 Value ETF 52.3 18 -14 7.0 +2.0
VOOV Vanguard S&P 500 Value ETF 52.3 15 -11 7.0 +2.0
AFLG First Trust Active Factor Large Cap ETF 52.1 55 -51 5.3 +0.3
XLG Invesco S&P 500 Top 50 ETF 51.7 20 -16 4.3 -0.7
NACP Impact Shares NAACP Minority Empowerment ETF 51.6 75 -71 4.6 -0.4
IWY iShares Russell Top 200 Growth ETF 51.5 20 -16 3.7 -1.3
DSI iShares MSCI KLD 400 Social ETF 51.4 25 -21 5.0 -0.1
RECS Columbia Research Enhanced Core ETF 51.2 15 -11 5.4 +0.4
QWLD SPDR MSCI World StrategicFactors ETF 50.6 30 -26 6.0 +0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 50.3 9 -5 5.8 +0.8
VEGN US Vegan Climate ETF 50.2 60 -56 5.0 -0.1
VT Vanguard Total World Stock Index Fund 50.0 8 -4 5.9 +0.9
KRMA Global X Conscious Companies ETF 49.8 43 -39 4.9 -0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 49.6 9 -5 5.7 +0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 49.6 49 -45 3.8 -1.2
SUSL iShares ESG MSCI USA Leaders ETF 49.3 10 -6 5.1 +0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 49.2 10 -6 5.1 +0.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 48.9 75 -71 3.9 -1.1
EUSA iShares MSCI USA Equal Weighted ETF 48.8 15 -11 5.9 +0.9
MGK Vanguard Mega Cap Growth ETF 48.7 7 -3 3.9 -1.1
DGRO iShares Core Dividend Growth ETF 48.4 8 -4 6.4 +1.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 47.9 19 -15 5.8 +0.7
RSP Invesco S&P 500 Equal Weight ETF 47.5 20 -16 6.4 +1.3

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 PureBeta MSCI USA 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 17.1 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.