Invesco International Dividend Achievers ETF
ALTAR
Score™
10.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
15.9x P/Sales
ratio
1.7x
P/BV
ratio
1.1x Div.
yield
5.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco International Dividend Achievers™ Portfolio (Fund) seeks to replicate, before fees and expenses, the International Dividend Achievers™ Index. Companies in the index have increased their annual dividend for five or more consecutive fiscal years.

FUND BASICS
Category International Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Sep 15, 2005
Assets (mns) $549
Currency USD
Expense ratio 53 bp
Distributions Quarterly

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 51
Wgt avg mkt cap (mns) $44,074
Large cap (>$10bn) 78.6%
Mid cap ($2-10bn) 13.4%
Small cap (<$2bn) 8.1%
Developed mkts 84.2%
Emerging mkts 15.8%

TOP TEN HOLDINGS
GASLOG PARTNERS LP 5.0 %
HOEGH LNG PARTNERS LP 4.3 %
NOVOLIPET STEEL-GDR REG S 4.3 %
BROOKFIELD PROPERTY PARTNERS LP 4.1 %
ENBRIDGE INC 4.1 %
PEMBINA PIPELINE CORP 4.0 %
SUNCOR ENERGY INC 3.4 %
BANK OF NOVA SCOTIA 3.1 %
NATIONAL GRID PLC SPONSORED ADR 2.9 %
CREDICORP LTD 2.9 %
Total 37.9 %

TOP COUNTRY EXPOSURE
CANADA 51.8 %
BERMUDA 7.7 %
BRITAIN 7.4 %
UNITED STATES 5.3 %
MONACO 5.0 %
RUSSIA 4.3 %
SWITZERLAND 4.2 %
PERU 2.9 %
COLOMBIA 2.2 %
BRAZIL 1.9 %

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.
-6.6% -6.6% 6.4% 3.5% 3.5%

Market Correlations
versus... Beta R-squared
S&P500 1.04 77%
MSCI EAFE 1.12 87%
MSCI Emg. Mkts. 0.91 74%

Technical Indicators
Recent close $16.10
30d moving avg. $15.77
Annualized volatility 22.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 105
Turnover 0.3%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $5,755

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Invesco International Dividend Achievers ETF ETF based on the alternatives' overlap in portfolio holdings with PID. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PID Expense: 53 bp ALTAR Score™: 10.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PID
Ticker Fund
Name
Overlap1
vs PID
(%)
Expense
ratio
(bp)
Savings
vs PID
(bp)
ALTAR
Score™
(%)
ALTAR
vs PID
(%)
ZCAN SPDR Solactive Canada ETF 36.8 14 39 6.5 -3.8
FLCA Franklin FTSE Canada ETF 34.8 9 44 6.9 -3.5
BBCA JPMorgan BetaBuilders Canada ETF 34.5 19 34 6.5 -3.8
EWC iShares MSCI Canada ETF 34.4 51 2 6.3 -4.0
DFAI Dimensional International Core Equity Market ETF 15.6 18 35 6.4 -3.9
IGRO iShares International Dividend Growth ETF 13.5 15 38 7.0 -3.3
DWX SPDR S&P International Dividend ETF 11.8 45 8 7.5 -2.8
IXC iShares Global Energy ETF 11.3 46 7 5.2 -5.1
FVD First Trust Value Line Dividend Index Fund 11.0 70 -17 5.8 -4.5
FVL First Trust Value Line 100 ETF 11.0 70 -17 6.0 -4.4
GLIF AGFiQ Global Infrastructure ETF 10.9 45 8 4.8 -5.5
FID First Trust S&P International Dividend Aristocrats ETF 10.8 60 -7 8.8 -1.5
TPYP Tortoise North American Pipeline Fund 10.7 40 13 5.6 -4.8
ENFR Alerian Energy Infrastructure ETF 10.7 65 -12 4.0 -6.3
USAI Pacer American Energy Independence ETF 10.7 75 -22 3.5 -6.8
MLPX Global X MLP & Energy Infrastructure ETF 10.7 45 8 3.3 -7.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 10.2 47 6 5.2 -5.1
INFR Legg Mason Global Infrastructure ETF 9.1 40 13 5.8 -4.5
WDIV SPDR Global Dividend ETF 8.9 40 13 8.7 -1.6
FIDI Fidelity International High Dividend ETF 8.4 39 14 10.1 -0.2
GII SPDR S&P Global Infrastructure ETF 8.0 40 13 4.7 -5.6
IGF iShares Global Infrastructure ETF 8.0 46 7 4.7 -5.6
LVHI Legg Mason International Low Volatility High Dividend ETF 7.8 40 13 9.0 -1.3
IXG iShares Global Financials ETF 7.5 46 7 8.6 -1.7
NANR SPDR S&P North American Natural Resources ETF 7.3 35 18 3.1 -7.2
VYMI Vanguard International High Dividend Yield ETF 7.3 27 26 9.0 -1.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.0 47 6 5.9 -4.4
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 7.0 45 8 9.7 -0.6
VWID Virtus WMC International Dividend ETF 6.9 49 4 7.4 -2.9
EMLP First Trust North American Energy Infrastructure Fund 6.7 96 -43 5.0 -5.3
GCOW Pacer Global High Dividend ETF 6.0 60 -7 9.9 -0.4
AVDE Avantis International Equity ETF 5.9 23 30 6.9 -3.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 5.8 20 33 9.4 -0.9
VRAI Virtus Real Asset Income ETF 5.6 55 -2 8.8 -1.5
PDEV Principal International Multi-Factor Core Index ETF 5.5 25 28 7.1 -3.2
ISDX Invesco RAFI Strategic Developed ex-US ETF 5.5 23 30 6.3 -4.0
CWI SPDR MSCI ACWI ex-US ETF 5.5 30 23 6.2 -4.2
ABEQ Absolute Core Strategy ETF 5.2 88 -35 4.3 -6.1
BKIE BNY Mellon International Equity ETF 5.2 4 49 6.5 -3.8
ILF iShares Latin America 40 ETF 5.1 48 5 5.5 -4.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 5.1 32 21 5.7 -4.6
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 5.0 56 -3 5.4 -4.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 4.9 59 -6 10.2 -0.1
IDV iShares International Select Dividend ETF 4.8 49 4 8.9 -1.4
VEU Vanguard FTSE All-World ex-US Index Fund 4.7 8 45 6.7 -3.6
FIVA Fidelity International Value Factor ETF 4.7 39 14 8.7 -1.6
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 4.6 75 -22 5.3 -5.0
GDVD Principal Active Global Dividend Income ETF 4.6 58 -5 4.3 -6.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 4.5 16 37 6.0 -4.4
FYLD Cambria Foreign Shareholder Yield ETF 4.5 59 -6 5.6 -4.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.5 45 8 7.6 -2.7
SCHF Schwab International Equity ETF 4.3 6 47 6.5 -3.8
IDEV iShares Core MSCI International Developed Markets ETF 4.3 5 48 6.5 -3.9
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 4.2 30 23 4.1 -6.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.2 47 6 8.1 -2.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 4.2 29 24 7.3 -3.0
NXTG First Trust Indxx NextG ETF 4.2 70 -17 5.1 -5.3
SPDW SPDR Portfolio Developed World ex-US ETF 4.1 4 49 6.2 -4.1
VEA Vanguard FTSE Developed Markets ETF 4.0 5 48 6.6 -3.8
AIIQ AI Powered International Equity ETF 4.0 79 -26 2.5 -7.8
ECLN First Trust EIP Carbon Impact ETF 4.0 96 -43 3.3 -7.0
FILL iShares MSCI Global Energy Producers ETF 4.0 39 14 5.6 -4.7
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 3.9 61 -8 4.5 -5.8
DFAE Dimensional Emerging Core Equity Market ETF 3.9 35 18 7.0 -3.4
DTEC ALPS Disruptive Technologies ETF 3.8 50 3 2.6 -7.7
FNDF Schwab Fundamental International Large Co. Index ETF 3.8 25 28 7.7 -2.6
YLCO Global X YieldCo Index ETF 3.7 65 -12 3.8 -6.5
VIGI Vanguard International Dividend Appreciation ETF 3.6 20 33 5.0 -5.3
ESGN Columbia Sustainable International Equity Income ETF 3.6 45 8 9.2 -1.1
VSGX Vanguard ESG International Stock ETF 3.6 17 36 6.3 -4.0
SIMS SPDR S&P Kensho Intelligent Structures ETF 3.5 45 8 3.7 -6.6
PPH VanEck Vectors Pharmaceutical ETF 3.5 36 17 10.4 +0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 3.5 25 28 6.0 -4.3
ACWX iShares MSCI ACWI ex U.S. ETF 3.4 32 21 6.3 -4.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.4 40 13 6.1 -4.2
DEW WisdomTree Global High Dividend Fund 3.3 58 -5 8.8 -1.5
CIL VictoryShares International Volatility Weighted Index ETF 3.3 45 8 6.4 -3.9
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 3.3 45 8 6.3 -4.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 3.2 30 23 5.2 -5.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 3.2 39 14 7.4 -2.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.1 61 -8 7.7 -2.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 3.1 9 44 5.1 -5.2
BLCN Reality Shares Nasdaq NextGen Economy ETF 3.0 68 -15 5.0 -5.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.0 65 -12 8.3 -2.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.0 60 -7 9.0 -1.3
IXUS ishares Core MSCI Total International Stock ETF 2.9 9 44 6.4 -3.9
IQIN IQ 500 International ETF 2.9 25 28 7.6 -2.7
DSTX Distillate International Fundamental Stability & Value ETF 2.9 55 -2 5.9 -4.4
IQDF FlexShares International Quality Dividend Index Fund 2.9 47 6 7.9 -2.4
EPU iShares MSCI All Peru Capped ETF 2.9 59 -6 4.4 -5.9
DBLV AdvisorShares DoubleLine Value Equity ETF 2.8 91 -38 5.5 -4.8
FTRI First Trust Indxx Global Natural Resources Income ETF 2.8 70 -17 7.7 -2.6
INTF iShares Edge MSCI Multifactor Intl ETF 2.8 30 23 7.2 -3.1
AADR AdvisorShares Dorsey Wright ADR ETF 2.8 110 -57 3.6 -6.7
IQDE FlexShares International Quality Dividend Defensive Index ET 2.8 47 6 7.8 -2.5
AVEM Avantis Emerging Markets Equity ETF 2.7 33 20 7.3 -3.1
RSX VanEck Vectors Russia ETF 2.7 67 -14 14.1 +3.8

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 International 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 11.7 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 53 bp
Equals: ALTAR Score 10.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.54
 
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.