Invesco High Yield Equity Dividend Achievers ETF
ALTAR
Score™
8.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.9x P/Sales
ratio
1.1x
P/BV
ratio
1.5x Div.
yield
4.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco High Yield Equity Dividend Achievers Fund seeks investment results that correspond to the price and yield performance of the 50 highest yielding stocks in the Dividend Achievers Index published by Mergent. Companies in the index must have increased dividends annually for a minimum of 10 years.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Dec 09, 2004
Assets (mns) $761
Currency USD
Expense ratio 52 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $43,935
Large cap (>$10bn) 55.3%
Mid cap ($2-10bn) 37.1%
Small cap (<$2bn) 7.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 4.6 %
ONEOK INC 4.5 %
ALTRIA GROUP INC 3.5 %
UNIVERSAL CORP/VA 3.0 %
AT&T INC 2.9 %
NORTHWEST BANCSHARES INC 2.8 %
PHILIP MORRIS INTERNATIONAL 2.6 %
COMERICA INC 2.6 %
MERCURY GENERAL CORP 2.6 %
CHEVRON CORP 2.5 %
Total 31.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.9% -3.9% 9.7% 11.2% 5.0%

Market Correlations
versus... Beta R-squared
S&P500 1.01 81%
MSCI EAFE 1.01 81%
MSCI Emg. Mkts. 0.83 70%

Technical Indicators
Recent close $18.04
30d moving avg. $17.65
Annualized volatility 21.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.9%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 211
Turnover 0.5%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $11,202

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Invesco High Yield Equity Dividend Achievers ETF ETF based on the alternatives' overlap in portfolio holdings with PEY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PEY Expense: 52 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PEY
Ticker Fund
Name
Overlap1
vs PEY
(%)
Expense
ratio
(bp)
Savings
vs PEY
(bp)
ALTAR
Score™
(%)
ALTAR
vs PEY
(%)
SDOG ALPS Sector Dividend Dogs ETF 39.9 40 12 8.7 +0.5
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 38.1 30 22 8.1 -0.1
GBDV Global Beta Smart Income ETF 32.8 29 23 8.3 +0.0
SDY SPDR S&P Dividend ETF 31.3 35 17 6.4 -1.9
DVY iShares Select Dividend ETF 30.0 39 13 8.0 -0.2
SPYD SPDR S&P 500 High Dividend ETF 28.7 7 45 9.2 +0.9
FDL First Trust Morningstar Dividend Leaders Index Fund 28.2 45 7 9.1 +0.9
SPDV AAM S&P 500 High Dividend Value ETF 27.2 29 23 8.5 +0.2
DTN WisdomTree U.S. Dividend ex-Financials Fund 26.4 38 14 7.6 -0.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 25.2 39 13 8.7 +0.5
WBIY WBI Power Factor High Dividend ETF 25.1 70 -18 8.4 +0.2
DHS WisdomTree U.S. High Dividend Fund 24.7 38 14 8.4 +0.1
DIV Global X SuperDividend US ETF 24.4 46 6 5.3 -3.0
SCHD Schwab U.S. Dividend Equity ETF 23.4 6 46 7.1 -1.2
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 23.2 35 17 7.7 -0.6
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 23.2 35 17 7.7 -0.6
TMDV ProShares Russell US Dividend Growers ETF 18.8 36 16 5.2 -3.0
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 18.4 75 -23 5.3 -3.0
NOBL ProShares S&P 500 Dividend Aristocrats ETF 18.4 35 17 5.7 -2.6
HDV iShares Core High Dividend ETF 18.0 8 44 6.3 -1.9
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 17.8 41 11 5.4 -2.8
VYM Vanguard High Dividend Yield Index ETF 16.9 6 46 6.6 -1.6
ESGS Columbia Sustainable U.S. Equity Income ETF 16.7 35 17 7.4 -0.8
PFM Invesco Dividend Achievers ETF 16.7 53 -1 5.0 -3.2
DURA VanEck Vectors Morningstar Durable Dividend ETF 16.6 29 23 8.1 -0.1
DEW WisdomTree Global High Dividend Fund 16.5 58 -6 8.7 +0.5
JDIV JPMorgan U.S. Dividend ETF 16.5 12 40 6.7 -1.5
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 16.2 75 -23 5.3 -3.0
RPV Invesco S&P 500 Pure Value ETF 15.9 35 17 9.9 +1.6
PUI Invesco DWA Utilities Momentum ETF 15.8 60 -8 5.4 -2.9
FOVL iShares Focused Value Factor ETF 15.4 25 27 7.7 -0.5
VOOV Vanguard S&P 500 Value ETF 15.2 10 42 6.6 -1.7
JKF iShares Morningstar Large Cap Value ETF 15.1 25 27 6.6 -1.7
FDVV Fidelity Core Dividend ETF 15.0 29 23 6.1 -2.2
SPVU Invesco S&P 500 Enhanced Value ETF 14.9 13 39 9.4 +1.2
KVLE KFA Value Liner Dynamic Core Equity Index ETF 14.6 56 -4 5.7 -2.6
LVHD Legg Mason Low Volatility High Dividend ETF 14.5 27 25 7.7 -0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 14.3 28 24 6.1 -2.1
FXU First Trust Utilities AlphaDEX Fund 14.2 63 -11 6.0 -2.2
JHMU John Hancock Multifactor Utilities ETF 14.1 40 12 5.9 -2.4
DTD WisdomTree U.S.Total Dividend Fund 14.0 28 24 6.2 -2.0
MGV Vanguard Mega Cap Value ETF 13.7 7 45 6.4 -1.8
FTA First Trust Large Cap Value AlphaDEX Fund 13.7 60 -8 7.3 -0.9
VPU Vanguard Utilities Index Fund 13.5 10 42 5.7 -2.5
FUTY Fidelity MSCI Utilities Index ETF 13.4 8 44 5.7 -2.5
IDU iShares U.S. Utilities ETF 12.8 43 9 5.5 -2.8
VTV Vanguard Value Index Fund 12.6 4 48 6.5 -1.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 12.3 25 27 5.7 -2.5
SIXA 6 Meridian Mega Cap Equity ETF 12.3 82 -30 5.8 -2.4
RNDV US Equity Dividend Select ETF 12.3 50 2 7.3 -1.0
JKI iShares Morningstar Mid-Cap Value ETF 12.2 30 22 7.6 -0.6
FDRR Fidelity Dividend ETF for Rising Rates 12.2 29 23 6.0 -2.3
PRF Invesco FTSE RAFI US 1000 ETF 12.0 39 13 5.8 -2.5
RWL Invesco S&P 500 Revenue ETF 11.9 39 13 6.2 -2.0
AUSF Global X Adaptive U.S. Factor ETF 11.9 27 25 8.0 -0.2
SPYV SPDR Portfolio S&P 500 Value ETF 11.8 4 48 6.4 -1.9
IVE iShares S&P 500 Value ETF 11.8 18 34 6.2 -2.0
KBWD Invesco KBW High Dividend Yield Financial ETF 11.8 124 -72 10.2 +2.0
ONEY SPDR Russell 1000 Yield Focus ETF 11.8 20 32 7.2 -1.1
IWX iShares Russell Top 200 Value ETF 11.8 20 32 6.0 -2.2
GCOW Pacer Global High Dividend ETF 11.6 60 -8 9.9 +1.6
VALQ American Century STOXX U.S. Quality Value ETF 11.5 29 23 7.8 -0.5
EQWL Invesco Russell Top 200 Equal Weight ETF 11.4 25 27 5.6 -2.7
RYU Invesco S&P 500 Equal Weight Utilities ETF 11.4 40 12 6.1 -2.2
XLU Utilities Select Sector SPDR Fund 11.4 13 39 5.5 -2.7
IUSV iShares Core S&P U.S. Value ETF 11.3 4 48 6.4 -1.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 11.3 25 27 5.7 -2.6
EQRR ProShares Equities for Rising Rates ETF 11.1 35 17 6.2 -2.1
JHMS John Hancock Multifactor Consumer Staples ETF 11.0 40 12 5.7 -2.5
MAGA Point Bridge GOP Stock Tracker ETF 11.0 72 -20 5.3 -2.9
VLU SPDR S&P 1500 Value Tilt ETF 10.9 12 40 6.1 -2.1
COWZ Pacer US Cash Cows 100 ETF 10.9 49 3 10.2 +2.0
VFVA Vanguard U.S. Value Factor ETF 10.9 14 38 8.4 +0.2
JMIN JPMorgan U.S. Minimum Volatility ETF 10.8 12 40 5.3 -2.9
JHME John Hancock Multifactor Energy ETF 10.7 40 12 3.4 -4.9
FUNL CornerCap Fundametrics Large-Cap ETF 10.7 50 2 7.2 -1.1
GBLO Global Beta Low Beta ETF 10.6 29 23 7.3 -0.9
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 10.6 40 12 6.3 -1.9
RYE Invesco S&P 500 Equal Weight Energy ETF 10.6 40 12 3.3 -5.0
LSLT Salt Low truBeta US Market ETF 10.6 60 -8 5.8 -2.5
SPVM Invesco S&P 500 Value with Momentum ETF 10.5 39 13 7.7 -0.6
FSTA Fidelity MSCI Consumer Staples Index ETF 10.5 8 44 5.4 -2.9
GNR SPDR S&P Global Natural Resources ETF 10.5 40 12 5.1 -3.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 10.4 37 15 5.3 -3.0
VONV Vanguard Russell 1000 Value Index Fund 10.3 8 44 6.1 -2.1
VDC Vanguard Consumer Staples Index Fund 10.3 10 42 5.4 -2.9
VTRN Victory Portfolios II VictoryShares Top Veteran Employers ET 10.3 60 -8 6.2 -2.1
NULV Nuveen ESG Large-Cap Value ETF 10.2 35 17 6.0 -2.3
VLUE iShares MSCI USA Value Factor ETF 10.2 15 37 9.6 +1.3
XLP Consumer Staples Select Sector SPDR Fund 10.2 13 39 5.4 -2.8
IUS Invesco Strategic US ETF 10.2 19 33 5.4 -2.8
JXI iShares Global Utilities ETF 10.1 46 6 5.5 -2.7
DIVB iShares U.S. Dividend & Buyback ETF 10.1 25 27 5.9 -2.4
FXN First Trust Energy AlphaDEX Fund 10.1 65 -13 1.8 -6.5
IYE iShares U.S. Energy ETF 10.1 42 10 3.5 -4.7
SCHV Schwab U.S. Large-Cap Value ETF 10.0 4 48 6.0 -2.2
EDOW First Trust Dow 30 Equal Weight ETF 10.0 50 2 5.1 -3.2
FMK First Trust Mega Cap AlphaDEX Fund 10.0 70 -18 5.0 -3.2

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 High Yield Equity Dividend Achievers ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 52 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.74 CATEGORY
AVERAGE
1.49
 
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.