Invesco PureBeta MSCI USA ETF
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.1x P/Sales
ratio
2.7x
P/BV
ratio
3.7x Div.
yield
1.6%


  • 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) $10
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 618
Wgt avg mkt cap (mns) $446,689
Large cap (>$10bn) 97.1%
Mid cap ($2-10bn) 2.8%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
APPLE INC 6.4 %
MICROSOFT CORP 5.0 %
AMAZON.COM INC 4.4 %
FACEBOOK 2.2 %
ALPHABET INC. CLASS C 1.6 %
ALPHABET INC. CLASS A 1.6 %
JOHNSON & JOHNSON 1.2 %
PROCTER & GAMBLE CO/THE 1.1 %
VISA INC-CLASS A SHARES 1.1 %
NVIDIA CORP 1.1 %
Total 25.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
IRELAND 1.6 %
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 September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
7.4% 17.0% -- -- 12.8%

Market Correlations
versus... Beta R-squared
S&P500 0.95 96%
MSCI EAFE 0.98 85%
MSCI Emg. Mkts. 0.70 68%

Technical Indicators
Recent close $34.42
30d moving avg. $34.37
Annualized volatility 17.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 3
Turnover 1.0%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $284,421

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™: 5.1%


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 96.3 2 2 5.1 +0.0
SCHX Schwab U.S. Large-Cap ETF 95.8 3 1 5.0 -0.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 95.3 7 -3 5.1 -0.0
VV Vanguard Large-Cap Index Fund 95.1 4 0 5.1 -0.0
SCHK Schwab 1000 Index ETF 93.5 5 -1 5.1 -0.0
IWB iShares Russell 1000 ETF 93.3 15 -11 4.9 -0.1
IYY iShares Dow Jones U.S. ETF 92.9 20 -16 4.9 -0.2
PBP Invesco S&P 500 BuyWrite ETF 92.3 49 -45 4.8 -0.2
SPY SPDR S&P 500 ETF Trust 92.3 9 -5 5.2 +0.1
SPLG SPDR Portfolio Large Cap ETF 92.3 3 1 5.2 +0.2
IVV iShares Core S&P 500 ETF 92.3 3 1 5.2 +0.2
HSPX Global X S&P 500 Covered Call ETF 92.2 60 -56 4.8 -0.3
XYLG Global X S&P 500 Covered Call & Growth ETF 92.2 60 -56 4.9 -0.2
VOO VANGUARD S&P 500 ETF 92.1 3 1 5.3 +0.2
SPTM SPDR Portfolio Total Stock Market ETF 91.3 3 1 5.4 +0.3
VONE Vanguard Russell 1000 ETF 91.3 8 -4 5.0 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 90.9 20 -16 5.2 +0.1
SPXE ProShares S&P 500 Ex-Energy ETF 89.9 27 -23 5.1 +0.1
VTHR Vanguard Russell 3000 Index Fund 89.0 10 -6 4.9 -0.2
SCHB Schwab U.S. Broad Market ETF 88.3 3 1 5.0 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 88.0 3 1 4.9 -0.2
IWV iShares Russell 3000 ETF 88.0 20 -16 4.8 -0.3
ESGV Vanguard ESG U.S. Stock ETF 85.0 12 -8 4.9 -0.1
VTI Vanguard Total Stock Market Index Fund 84.9 3 1 4.9 -0.2
ESGU iShares MSCI USA ESG Optimized ETF 81.9 15 -11 4.9 -0.2
MGC Vanguard Mega Cap Index Fund 80.8 7 -3 5.0 -0.0
SPXN ProShares S&P 500 Ex-Financials ETF 80.6 27 -23 4.8 -0.3
SFY SoFi Select 500 ETF 80.0 0 4 5.0 -0.1
CATH Global X S&P 500 Catholic Values Custom ETF 78.9 29 -25 5.0 -0.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 78.7 20 -16 4.8 -0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 78.6 27 -23 4.9 -0.2
IWL iShares Russell Top 200 ETF 78.2 15 -11 4.8 -0.3
JHML John Hancock Multifactor Large Cap ETF 77.5 29 -25 5.4 +0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 76.6 0 4 5.0 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 75.1 9 -5 5.4 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 73.6 8 -4 6.3 +1.3
KOKU Xtrackers MSCI Kokusai Equity ETF 72.2 9 -5 5.6 +0.5
TOK iShares MSCI Kokusai ETF 72.0 25 -21 5.4 +0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 71.9 12 -8 4.6 -0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 70.1 25 -21 6.2 +1.1
IQSU IQ Candriam ESG US Equity ETF 69.8 9 -5 5.0 -0.1
EFIV SPDR S&P 500 ESG ETF 69.5 10 -6 5.0 -0.1
SNPE Xtrackers S&P 500 ESG ETF 69.4 10 -6 4.9 -0.1
VOOG Vanguard S&P 500 Growth ETF 68.1 10 -6 4.2 -0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 67.7 4 0 4.3 -0.8
IVW iShares S&P 500 Growth ETF 67.7 18 -14 16.9 +11.9
IUSG iShares Core S&P US Growth ETF 67.5 4 0 4.3 -0.8
AVUS Avantis U.S. Equity ETF 67.0 15 -11 5.5 +0.4
QUS SPDR MSCI USA StrategicFactors ETF 66.6 15 -11 5.8 +0.7
URTH iShares MSCI World ETF 66.4 24 -20 5.5 +0.5
SPXT ProShares S&P 500 Ex-Technology ETF 65.9 27 -23 5.5 +0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 65.4 25 -21 6.6 +1.6
PRF Invesco FTSE RAFI US 1000 ETF 65.0 39 -35 6.7 +1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 64.2 60 -56 4.0 -1.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 63.8 25 -21 6.7 +1.6
ESG FlexShares STOXX US ESG Impact Index Fund 63.0 32 -28 5.0 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 61.6 30 -26 6.5 +1.5
OEF iShares S&P 100 ETF 61.5 20 -16 4.7 -0.4
IUS Invesco Strategic US ETF 61.0 19 -15 6.4 +1.3
DIVB iShares U.S. Dividend & Buyback ETF 59.7 25 -21 6.8 +1.7
IWF iShares Russell 1000 Growth ETF 59.3 19 -15 3.7 -1.4
VONG Vanguard Russell 1000 Growth Index Fund 59.1 8 -4 3.8 -1.3
ACWI iShares MSCI ACWI ETF 58.1 32 -28 5.7 +0.7
DTD WisdomTree U.S.Total Dividend Fund 57.7 28 -24 6.6 +1.6
DLN WisdomTree U.S. LargeCap Dividend Fund 57.3 28 -24 6.4 +1.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 56.9 20 -16 6.0 +0.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 56.7 20 -16 6.0 +0.9
VLU SPDR S&P 1500 Value Tilt ETF 56.6 12 -8 7.3 +2.2
VUG Vanguard Growth Index Fund 56.3 4 0 3.8 -1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 56.3 29 -25 5.9 +0.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 56.3 15 -11 6.1 +1.1
RWL Invesco S&P 500 Revenue ETF 55.3 39 -35 7.1 +2.1
EXT WisdomTree U.S. Total Earnings Fund 54.0 28 -24 5.4 +0.4
VONV Vanguard Russell 1000 Value Index Fund 53.4 8 -4 6.9 +1.9
IWD iShares Russell 1000 Value ETF 53.3 19 -15 6.8 +1.8
ESGG FlexShares STOXX Global ESG Impact Index Fund 52.9 42 -38 5.2 +0.1
AFLG First Trust Active Factor Large Cap ETF 52.8 55 -51 5.3 +0.3
SCHV Schwab U.S. Large-Cap Value ETF 52.2 4 0 6.8 +1.7
IWY iShares Russell Top 200 Growth ETF 51.8 20 -16 3.8 -1.3
IUSV iShares Core S&P U.S. Value ETF 51.7 4 0 7.4 +2.3
VOOV Vanguard S&P 500 Value ETF 51.7 10 -6 7.2 +2.2
DSI iShares MSCI KLD 400 Social ETF 51.6 25 -21 5.0 -0.1
IVE iShares S&P 500 Value ETF 51.5 18 -14 7.1 +2.1
SPYV SPDR Portfolio S&P 500 Value ETF 51.5 4 0 7.3 +2.2
NACP Impact Shares NAACP Minority Empowerment ETF 51.0 75 -71 4.7 -0.3
XLG Invesco S&P 500 Top 50 ETF 50.8 20 -16 4.4 -0.7
QWLD SPDR MSCI World StrategicFactors ETF 50.7 30 -26 6.1 +1.0
VEGN US Vegan Climate ETF 50.7 60 -56 5.0 -0.1
RECS Columbia Research Enhanced Core ETF 50.4 15 -11 5.5 +0.5
VT Vanguard Total World Stock Index Fund 50.4 8 -4 6.0 +0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 50.2 9 -5 5.9 +0.8
EUSA iShares MSCI USA Equal Weighted ETF 49.5 15 -11 6.0 +1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 49.5 9 -5 5.8 +0.7
KRMA Global X Conscious Companies ETF 49.2 43 -39 5.1 +0.0
WOMN Impact Shares YWCA Women's Empowerment ETF 49.1 75 -71 4.2 -0.9
SUSL iShares ESG MSCI USA Leaders ETF 49.1 10 -6 5.2 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 49.0 10 -6 5.2 +0.2
MGK Vanguard Mega Cap Growth ETF 47.9 7 -3 4.0 -1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 47.9 49 -45 4.0 -1.1
SIZE iShares MSCI USA Size Factor ETF 47.7 15 -11 6.0 +0.9

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 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 3.3 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.