Invesco DWA Momentum ETF
ALTAR
Score™
2.8% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
41.7x P/Sales
ratio
5.4x
P/BV
ratio
8.2x Div.
yield
0.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco DWA Technical Leaders Portfolio seeks investment results that correspond generally to an equity index called the Dorsey Wright Technical Leaders Index, which is constructed according to the firms proprietary methodology based on technical analysis.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Mar 01, 2007
Assets (mns) $1,785
Currency USD
Expense ratio 62 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 102
Wgt avg mkt cap (mns) $154,325
Large cap (>$10bn) 85.3%
Mid cap ($2-10bn) 14.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 3.4 %
AMERICAN TOWER CORP-CL A 2.9 %
MASTERCARD INC-CLASS A 2.7 %
WEST PHARMACEUTICAL SERVICES 2.7 %
ANSYS INC 2.5 %
AMAZON.COM INC 2.5 %
FIVE9 INC 2.4 %
DOMINO'S PIZZA INC 2.2 %
ROLLINS INC 2.2 %
BALL CORP 2.1 %
Total 25.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.5 %
IRELAND 0.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
4.8% 12.0% 9.8% 14.3% 8.3%

Market Correlations
versus... Beta R-squared
S&P500 0.99 86%
MSCI EAFE 0.93 66%
MSCI Emg. Mkts. 0.64 49%

Technical Indicators
Recent close $68.40
30d moving avg. $66.33
Annualized volatility 18.1%
Short interest (ETF) 0.4%
Short interest (Underlying) 4.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 119
Turnover 0.5%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $92,138

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PDP Expense: 62 bp ALTAR Score™: 2.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PDP
Ticker Fund
Name
Overlap1
vs PDP
(%)
Expense
ratio
(bp)
Savings
vs PDP
(bp)
ALTAR
Score™
(%)
ALTAR
vs PDP
(%)
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 36.6 99 -37 2.3 -0.5
FTC First Trust Large Cap Growth AlphaDEX Fund 36.5 61 1 2.9 +0.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 35.1 65 -3 3.4 +0.6
JMOM JPMorgan U.S. Momentum Factor ETF 33.6 12 50 3.9 +1.1
RPG Invesco S&P 500 Pure Growth ETF 31.6 35 27 4.4 +1.6
FDMO Fidelity Momentum Factor ETF 28.8 29 33 3.9 +1.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 27.9 15 47 4.2 +1.4
PSET Principal Price Setters Index ETF 27.8 29 33 4.6 +1.9
SCHG Schwab U.S. Large-Cap Growth ETF 27.5 4 58 4.2 +1.4
JKH iShares Morningstar Mid-Cap Growth ETF 26.7 30 32 2.3 -0.5
SPMO Invesco S&P 500 Momentum ETF 26.7 13 49 4.4 +1.7
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 26.3 59 3 3.7 +0.9
VUG Vanguard Growth Index Fund 25.5 4 58 4.1 +1.3
QMOM Alpha Architect U.S. Quantitative Momentum ETF 25.4 49 13 2.2 -0.6
QGRO American Century STOXX U.S. Quality Growth ETF 25.0 29 33 3.2 +0.4
IWF iShares Russell 1000 Growth ETF 24.9 19 43 4.2 +1.4
SPYG SPDR Portfolio S&P 500 Growth ETF 24.7 4 58 4.4 +1.6
IVW iShares S&P 500 Growth ETF 24.7 18 44 4.2 +1.4
VONG Vanguard Russell 1000 Growth Index Fund 24.6 8 54 4.3 +1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 24.6 12 50 5.0 +2.2
IUSG iShares Core S&P US Growth ETF 24.6 4 58 4.4 +1.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.4 9 53 5.6 +2.8
VOOG Vanguard S&P 500 Growth ETF 24.3 10 52 4.3 +1.5
DEF Invesco Defensive Equity ETF 24.3 55 7 5.1 +2.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 24.2 66 -4 2.5 -0.2
VFMO Vanguard U.S. Momentum Factor ETF 24.2 13 49 1.2 -1.6
MGK Vanguard Mega Cap Growth ETF 24.0 7 55 4.2 +1.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 23.3 75 -13 3.8 +1.1
SFY SoFi Select 500 ETF 23.1 0 62 5.3 +2.5
HIPR Direxion High Growth ETF 23.1 40 22 2.9 +0.1
FXL First Trust Technology AlphaDEX Fund 23.0 61 1 3.2 +0.4
IWP iShares Russell Mid-Cap Growth ETF 22.8 24 38 4.1 +1.4
JKE iShares Morningstar Large-Cap Growth ETF 22.7 25 37 2.9 +0.1
PTF Invesco DWA Technology Momentum ETF 22.7 60 2 1.2 -1.5
ADME Aptus Drawdown Managed Equity ETF 22.6 81 -19 3.6 +0.8
PWB Invesco Dynamic Large Cap Growth ETF 22.6 55 7 3.4 +0.6
AFLG First Trust Active Factor Large Cap ETF 22.5 55 7 5.6 +2.8
IWY iShares Russell Top 200 Growth ETF 21.9 20 42 4.2 +1.4
TMFC Motley Fool 100 Index ETF 21.7 50 12 3.8 +1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 21.5 60 2 4.4 +1.7
SPXE ProShares S&P 500 Ex-Energy ETF 21.5 27 35 5.4 +2.6
JQUA JPMorgan U.S. Quality Factor ETF 21.5 12 50 5.3 +2.5
PBUS Invesco PureBeta MSCI USA ETF 21.4 4 58 5.3 +2.6
PBP Invesco S&P 500 BuyWrite ETF 21.4 49 13 5.0 +2.3
PRN Invesco DWA Industrials Momentum ETF 21.3 60 2 4.8 +2.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 21.3 20 42 5.4 +2.6
IQSU IQ Candriam ESG US Equity ETF 21.3 9 53 5.1 +2.4
SCHX Schwab U.S. Large-Cap ETF 21.3 3 59 5.3 +2.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 21.3 7 55 5.3 +2.5
VEGN US Vegan Climate ETF 21.3 60 2 5.2 +2.5
SPY SPDR S&P 500 ETF Trust 21.2 9 53 5.4 +2.6
HUSV First Trust Horizon Managed Volatility Domestic ETF 21.2 70 -8 4.8 +2.0
SCHK Schwab 1000 Index ETF 21.2 5 57 5.3 +2.6
IVV iShares Core S&P 500 ETF 21.2 4 58 5.5 +2.7
SPLG SPDR Portfolio Large Cap ETF 21.2 3 59 5.5 +2.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 21.2 20 42 5.0 +2.2
SPXN ProShares S&P 500 Ex-Financials ETF 21.2 27 35 5.0 +2.2
ESGU iShares MSCI USA ESG Optimized ETF 21.1 15 47 5.2 +2.4
IYY iShares Dow Jones U.S. ETF 21.1 20 42 5.2 +2.4
HSPX Global X S&P 500 Covered Call ETF 21.1 65 -3 4.9 +2.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 21.1 2 60 5.4 +2.6
TECB iShares US Tech Breakthrough Multisector ETF 20.9 40 22 4.0 +1.3
VOO VANGUARD S&P 500 ETF 20.9 3 59 5.5 +2.7
IWB iShares Russell 1000 ETF 20.9 15 47 5.2 +2.5
IETC iShares Evolved U.S. Technology ETF 20.9 18 44 3.8 +1.1
VV Vanguard Large-Cap Index Fund 20.9 4 58 5.3 +2.5
IGM iShares Expanded Tech Sector ETF 20.8 46 16 3.8 +1.1
VONE Vanguard Russell 1000 ETF 20.8 8 54 5.3 +2.5
ESGV Vanguard ESG U.S. Stock ETF 20.7 12 50 5.2 +2.5
EXT WisdomTree U.S. Total Earnings Fund 20.7 28 34 5.3 +2.5
SPXV ProShares S&P 500 Ex-Health Care ETF 20.7 27 35 5.1 +2.3
SPTM SPDR Portfolio Total Stock Market ETF 20.7 3 59 5.6 +2.8
BKLC BNY Mellon US Large Cap Core Equity ETF 20.7 0 62 5.3 +2.5
SCHB Schwab U.S. Broad Market ETF 20.7 3 59 5.3 +2.5
JHMT John Hancock Multifactor Technology ETF 20.6 40 22 5.0 +2.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 20.6 3 59 5.2 +2.4
IWV iShares Russell 3000 ETF 20.4 20 42 5.1 +2.3
VTI Vanguard Total Stock Market Index Fund 20.4 3 59 5.2 +2.4
VTHR Vanguard Russell 3000 Index Fund 20.3 10 52 5.2 +2.4
JHML John Hancock Multifactor Large Cap ETF 20.3 29 33 5.6 +2.8
STLG iShares Factors US Growth Style ETF 20.3 25 37 3.7 +0.9
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 20.2 49 13 5.2 +2.4
MGC Vanguard Mega Cap Index Fund 20.1 7 55 5.3 +2.5
QLV FlexShares US Quality Low Volatility Index Fund 20.0 22 40 4.9 +2.1
IWL iShares Russell Top 200 ETF 20.0 15 47 5.1 +2.3
FVL First Trust Value Line 100 Exchange-Traded Fund 19.9 70 -8 5.2 +2.4
VOT Vanguard Mid-Cap Growth Index Fund 19.8 7 55 3.5 +0.7
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 19.8 75 -13 2.1 -0.7
NUMG Nuveen ESG Mid-Cap Growth ETF 19.7 40 22 2.4 -0.4
SNPE Xtrackers S&P 500 ESG ETF 19.6 11 51 5.2 +2.4
FTEC Fidelity MSCI Information Technology Index ETF 19.5 8 54 4.6 +1.8
CATH Global X S&P 500 Catholic Values Custom ETF 19.5 29 33 5.3 +2.5
FDLO Fidelity Low Volatility Factor ETF 19.5 29 33 5.2 +2.4
NULG Nuveen ESG Large-Cap Growth ETF 19.4 35 27 3.6 +0.8
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 19.4 60 2 3.4 +0.6
FQAL Fidelity Quality Factor ETF 19.4 29 33 5.5 +2.7
VGT Vanguard Information Technology Index Fund 19.4 10 52 4.6 +1.8
ECOZ TrueMark ESG Active Opportunities ETF 19.3 58 4 4.4 +1.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 19.3 52 10 5.1 +2.3
CLRG IQ Chaikin U.S. Large Cap ETF 19.2 25 37 6.1 +3.3

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

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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 DWA Momentum 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 25.4 %
Divided by: Fwd. P/BV 7.5 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 2.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.