Invesco DWA Consumer Cyclicals Momentum ETF
ALTAR
Score™
4.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
20.2x P/Sales
ratio
0.6x
P/BV
ratio
3.7x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Dynamic Consumer Discretionary Sector Portfolio seeks investment results that correspond to the price and yield of the Dynamic Consumer Discretionary Sector Intellidex, which picks s

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Oct 12, 2006
Assets (mns) $14
Currency USD
Expense ratio 60 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 31
Wgt avg mkt cap (mns) $85,770
Large cap (>$10bn) 62.2%
Mid cap ($2-10bn) 19.9%
Small cap (<$2bn) 18.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NIKE INC -CL B 4.8 %
O'REILLY AUTOMOTIVE INC 4.8 %
DOMINO'S PIZZA INC 4.4 %
HOME DEPOT INC 4.3 %
CABLE ONE INC 4.0 %
DOLLAR GENERAL CORP 4.0 %
COSTCO WHOLESALE CORP 3.6 %
NEW YORK TIMES CO -CL A 3.6 %
WAL-MART STORES INC 3.6 %
AMAZON.COM INC 3.5 %
Total 40.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-34.8% -34.5% -5.0% 5.5% 3.1%

Market Correlations
versus... Beta R-squared
S&P500 1.41 84%
MSCI EAFE 1.32 71%
MSCI Emg. Mkts. 0.95 54%

Technical Indicators
Recent close $34.53
30d moving avg. $41.39
Annualized volatility 23.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.3%
Relative strength (RSI) 30

Liquidity measures
Avg. volume (thou.) 4
Turnover 1.0%
Bid/Ask (% of price) 0.96%
ADV underlying (mns) $28,921

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PEZ Expense: 60 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PEZ
Ticker Fund
Name
Overlap1
vs PEZ
(%)
Expense
ratio
(bp)
Savings
vs PEZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs PEZ
(%)
IYC iShares U.S. Consumer Services ETF 29.9 42 18 6.6 +2.1
IEDI iShares Evolved U.S. Discretionary Spending ETF 27.6 18 42 5.8 +1.3
FTXD First Trust Nasdaq Retail ETF 26.3 60 0 9.1 +4.6
RTH VanEck Vectors Retail ETF 26.2 35 25 6.6 +2.1
JHMC John Hancock Multifactor Consumer Discretionary ETF 26.1 40 20 8.2 +3.8
XRT SPDR S&P Retail ETF 23.8 35 25 12.1 +7.7
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 22.9 40 20 13.3 +8.9
XLY Consumer Discretionary Select Sector SPDR Fund 22.4 13 47 7.1 +2.6
VCR Vanguard Consumer Discretionary Index Fund 20.3 10 50 6.7 +2.3
FDIS Fidelity MSCI Consumer Discretionary Index ETF 19.6 8 52 6.3 +1.9
MILN Global X Millennials Thematic ETF 19.5 50 10 4.4 -0.1
ADME Aptus Drawdown Managed Equity ETF 19.1 81 -21 5.5 +1.1
RXI iShares Global Consumer Discretionary ETF 17.3 46 14 8.5 +4.1
IEME iShares Evolved U.S. Media & Entertainment ETF 16.5 18 42 8.8 +4.3
FXD First Trust Consumer Discretionary AlphaDEX Fund 16.1 64 -4 13.6 +9.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 14.4 12 48 6.4 +1.9
ACSI American Customer Satisfaction Core Alpha ETF 14.0 66 -6 7.5 +3.0
JHCS John Hancock Multifactor Media & Communications ETF 13.5 40 20 7.7 +3.3
IBUY Amplify Online Retail ETF 13.5 65 -5 -1.1 -5.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 13.3 60 0 5.2 +0.7
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 13.2 40 20 8.9 +4.4
GBUY Goldman Sachs Motif New Age Consumer ETF 12.8 50 10 3.7 -0.8
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 12.8 29 31 5.7 +1.3
ACIO Aptus Collared Income Opportunity ETF 12.6 79 -19 6.4 +2.0
RWL Invesco S&P 500 Revenue ETF 12.5 39 21 9.3 +4.9
MGK Vanguard Mega Cap Growth ETF 12.3 7 53 5.7 +1.3
JKE iShares Morningstar Large-Cap Growth ETF 12.2 25 35 4.7 +0.3
XLC The Communication Services Select Sector SPDR Fund 12.2 13 47 8.1 +3.7
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 12.1 75 -15 4.1 -0.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 12.0 52 8 8.0 +3.5
JOYY Infusive Compounding Global Equities ETF 11.9 50 10 5.2 +0.7
VIG Vanguard Dividend Appreciation Index Fund 11.6 6 54 6.5 +2.0
TTFS AdvisorShares Wilshire Buyback ETF 11.5 91 -31 8.2 +3.7
VUG Vanguard Growth Index Fund 11.5 4 56 5.6 +1.1
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 11.1 49 11 6.4 +1.9
RFFC RiverFront Dynamic US Flex-Cap ETF 11.1 52 8 7.7 +3.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 11.0 75 -15 5.0 +0.5
AIEQ AI Powered Equity ETF 10.9 87 -27 5.1 +0.6
LRGE ClearBridge Large Cap Growth ESG ETF 10.8 60 0 5.4 +1.0
VOX Vanguard Telecommunication Services Index Fund 10.8 10 50 6.7 +2.3
XLG Invesco S&P 500 Top 50 ETF 10.7 20 40 6.0 +1.6
EDOW First Trust Dow 30 Equal Weight ETF 10.7 50 10 7.4 +3.0
SPXT ProShares S&P 500 Ex-Technology ETF 10.7 27 33 7.4 +3.0
HOMZ Hoya Capital Housing ETF 10.6 45 15 11.6 +7.2
GENY Principal Millennials Index ETF 10.6 45 15 6.4 +2.0
FLLV Franklin Liberty U.S. Low Volatility ETF 10.5 29 31 7.2 +2.7
OEF iShares S&P 100 ETF 10.5 20 40 6.4 +2.0
QYLD Global X NASDAQ 100 Covered Call ETF 10.4 60 0 5.0 +0.6
DIA SPDR Dow Jones Industrial Average ETF Trust 10.4 16 44 7.5 +3.0
FCOM Fidelity MSCI Telecommunication Services Index ETF 10.3 8 52 7.0 +2.5
VSDA VictoryShares Dividend Accelerator ETF 10.2 35 25 5.9 +1.4
QQQ Invesco QQQ Trust 10.2 20 40 5.5 +1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 10.2 60 0 6.0 +1.6
XWEB SPDR S&P Internet ETF 10.1 35 25 2.4 -2.1
NUSI Nationwide Risk-Managed Income ETF 10.1 68 -8 5.0 +0.5
VETS Pacer Military Times Best Employers ETF 10.0 60 0 8.5 +4.0
SPXV ProShares S&P 500 Ex-Health Care ETF 9.8 27 33 6.9 +2.5
FDMO Fidelity Momentum Factor ETF 9.8 29 31 5.6 +1.1
QVM Arrow QVM Equity Factor ETF 9.8 65 -5 15.0 +10.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 9.8 9 51 7.4 +3.0
EQWL Invesco Russell Top 200 Equal Weight ETF 9.8 25 35 7.7 +3.2
GVIP Goldman Sachs Hedge Industry VIP ETF 9.7 45 15 6.7 +2.3
SCHG Schwab U.S. Large-Cap Growth ETF 9.7 4 56 5.7 +1.3
TTAC TrimTabs Float Shrink ETF 9.7 59 1 5.3 +0.8
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 9.7 15 45 9.0 +4.6
SPXN ProShares S&P 500 Ex-Financials ETF 9.7 27 33 6.7 +2.3
FTCS First Trust Capital Strength ETF 9.6 60 0 6.2 +1.7
PFM Invesco Dividend Achievers ETF 9.6 54 6 6.5 +2.1
FLQL Franklin LibertyQ U.S. Equity ETF 9.5 15 45 8.2 +3.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 9.4 19 41 7.7 +3.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 9.4 20 40 6.7 +2.3
VOOG Vanguard S&P 500 Growth ETF 9.3 10 50 5.8 +1.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 9.3 29 31 8.2 +3.8
SPYG SPDR Portfolio S&P 500 Growth ETF 9.3 4 56 5.9 +1.4
MGC Vanguard Mega Cap Index Fund 9.3 7 53 6.9 +2.5
IVW iShares S&P 500 Growth ETF 9.3 18 42 5.7 +1.3
IWY iShares Russell Top 200 Growth ETF 9.3 20 40 5.6 +1.2
TMFC Motley Fool 100 Index ETF 9.3 50 10 5.3 +0.8
CACG ClearBridge All Cap Growth ETF 9.3 54 6 5.7 +1.3
IUSG iShares Core S&P US Growth ETF 9.3 4 56 5.9 +1.5
VONG Vanguard Russell 1000 Growth Index Fund 9.2 8 52 5.9 +1.4
IWF iShares Russell 1000 Growth ETF 9.2 19 41 5.8 +1.3
IWL iShares Russell Top 200 ETF 9.2 15 45 6.7 +2.3
HSPX Global X S&P 500 Covered Call ETF 9.1 65 -5 6.6 +2.1
SFY SoFi Select 500 ETF 9.1 0 60 6.7 +2.3
PWC Invesco Dynamic Market ETF 9.1 59 1 9.4 +4.9
PBP Invesco S&P 500 BuyWrite ETF 9.1 49 11 6.8 +2.3
FMK First Trust Mega Cap AlphaDEX Fund 9.0 70 -10 7.2 +2.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 9.0 20 40 7.2 +2.8
SPXE ProShares S&P 500 Ex-Energy ETF 9.0 27 33 7.1 +2.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 8.9 15 45 7.0 +2.5
SPY SPDR S&P 500 ETF Trust 8.9 9 51 7.2 +2.7
VOO VANGUARD S&P 500 ETF 8.9 3 57 7.2 +2.8
VV Vanguard Large-Cap Index Fund 8.9 4 56 7.1 +2.6
SPLG SPDR Portfolio Large Cap ETF 8.9 3 57 7.2 +2.8
IVV iShares Core S&P 500 ETF 8.9 4 56 7.2 +2.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 8.7 2 58 7.2 +2.7
PWB Invesco Dynamic Large Cap Growth ETF 8.7 55 5 4.6 +0.1
CATH Global X S&P 500 Catholic Values Custom ETF 8.7 29 31 7.1 +2.7
LRGF iShares Edge MSCI Multifactor USA ETF 8.7 20 40 9.2 +4.7

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 Consumer Cyclicals Momentum ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.0 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.