Invesco International Dividend Achievers ETF
ALTAR
Score™
10.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
18.5x P/Sales
ratio
1.6x
P/BV
ratio
1.2x Div.
yield
5.4%


  • 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) $535
Currency USD
Expense ratio 54 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 57
Wgt avg mkt cap (mns) $39,235
Large cap (>$10bn) 71.5%
Mid cap ($2-10bn) 15.6%
Small cap (<$2bn) 12.9%
Developed mkts 82.3%
Emerging mkts 17.7%

TOP TEN HOLDINGS
GASLOG PARTNERS LP 6.0 %
NOVOLIPET STEEL-GDR REG S 5.5 %
HOEGH LNG PARTNERS LP 4.5 %
ENBRIDGE INC 3.0 %
BROOKFIELD PROPERTY PARTNERS LP 2.9 %
BCE INC. 2.8 %
CAN IMPERIAL BK OF COMMERCE 2.7 %
TELUS CORPORATION 2.5 %
NATIONAL GRID PLC SPONSORED ADR 2.5 %
BROOKFIELD RENEWABLE PARTNERS LP 2.3 %
Total 34.7 %

TOP COUNTRY EXPOSURE
CANADA 43.6 %
BRITAIN 7.9 %
BERMUDA 7.1 %
MONACO 6.0 %
UNITED STATES 5.5 %
RUSSIA 5.5 %
SWITZERLAND 5.2 %
MEXICO 4.1 %
NETHERLANDS 2.8 %
FRANCE 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-28.0% -19.1% -3.7% 2.9% 1.8%

Market Correlations
versus... Beta R-squared
S&P500 1.00 72%
MSCI EAFE 1.16 84%
MSCI Emg. Mkts. 0.89 75%

Technical Indicators
Recent close $13.04
30d moving avg. $12.03
Annualized volatility 19.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 146
Turnover 0.4%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $4,919

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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: 54 bp ALTAR Score™: 10.2%


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
(%)
QCAN SPDR MSCI Canada Quality Mix ETF 34.1 14 40 7.1 -3.1
EWC iShares MSCI Canada ETF 31.1 49 5 6.6 -3.6
BBCA JPMorgan BetaBuilders Canada ETF 31.1 19 35 6.9 -3.3
FLCA Franklin FTSE Canada ETF 30.6 9 45 7.2 -3.0
IGRO iShares International Dividend Growth ETF 15.0 22 32 8.0 -2.2
DWX SPDR S&P International Dividend ETF 13.3 45 9 7.7 -2.5
AIIQ AI Powered International Equity ETF 12.5 79 -25 4.1 -6.1
LVHI Legg Mason International Low Volatility High Dividend ETF 10.1 40 14 10.2 +0.0
FCAN First Trust Canada AlphaDex Fund 9.8 80 -26 4.9 -5.3
FID First Trust S&P International Dividend Aristocrats ETF 9.4 60 -6 9.6 -0.6
IXC iShares Global Energy ETF 9.3 46 8 5.3 -4.9
VRAI Virtus Real Asset Income ETF 9.2 55 -1 10.6 +0.4
FVD First Trust Value Line Dividend Index Fund 9.1 70 -16 6.1 -4.2
GLIF AGFiQ Global Infrastructure ETF 9.0 45 9 5.1 -5.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 8.9 46 8 5.2 -5.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.4 20 34 10.9 +0.7
GII SPDR S&P Global Infrastructure ETF 8.2 40 14 5.2 -5.0
IGF iShares Global Infrastructure ETF 8.2 46 8 5.1 -5.1
WDIV SPDR Global Dividend ETF 7.7 40 14 9.5 -0.7
INFR Legg Mason Global Infrastructure ETF 7.6 40 14 6.0 -4.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.6 47 7 6.4 -3.8
FIDI Fidelity International High Dividend ETF 7.4 39 15 10.8 +0.6
AVDE Avantis International Equity ETF 7.3 23 31 7.9 -2.4
IXG iShares Global Financials ETF 7.1 46 8 9.5 -0.7
TPYP Tortoise North American Pipeline Fund 7.0 40 14 5.7 -4.6
ENFR Alerian Energy Infrastructure ETF 7.0 55 -1 4.7 -5.5
MLPX Global X MLP & Energy Infrastructure ETF 7.0 45 9 4.3 -5.9
USAI Pacer American Energy Independence ETF 7.0 75 -21 2.6 -7.7
AADR WCM/BNY Mellon Focused Growth ADR ETF 6.9 110 -56 3.5 -6.8
ABEQ Absolute Core Strategy ETF 6.8 85 -31 4.7 -5.6
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 6.1 18 36 6.1 -4.2
VYMI Vanguard International High Dividend Yield ETF 6.0 32 22 10.1 -0.1
CWI SPDR MSCI ACWI ex-US ETF 5.9 30 24 7.6 -2.6
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 5.9 45 9 9.8 -0.5
ISDX Invesco Strategic Developed ex-US ETF 5.4 23 31 7.4 -2.8
VIGI Vanguard International Dividend Appreciation ETF 5.3 25 29 5.9 -4.3
PDEV Principal International Multi-Factor Core Index ETF 5.0 25 29 7.9 -2.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 5.0 58 -4 9.9 -0.3
CIL VictoryShares International Volatility Weighted Index ETF 5.0 45 9 6.7 -3.5
GDVD Principal Active Global Dividend Income ETF 4.7 58 -4 5.0 -5.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 4.7 32 22 6.5 -3.7
CZA Invesco Zacks Mid-Cap ETF 4.7 76 -22 5.9 -4.3
NANR SPDR S&P North American Natural Resources ETF 4.5 35 19 3.4 -6.9
SCHF Schwab International Equity ETF 4.5 6 48 7.4 -2.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 4.5 16 38 7.1 -3.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.5 45 9 8.8 -1.4
VEU Vanguard FTSE All-World ex-US Index Fund 4.4 8 46 7.7 -2.5
EMLP First Trust North American Energy Infrastructure Fund 4.4 95 -41 5.3 -4.9
ECLN First Trust EIP Carbon Impact ETF 4.4 95 -41 3.7 -6.6
NXTG First Trust Indxx NextG ETF 4.3 70 -16 6.1 -4.2
IDEV iShares Core MSCI International Developed Markets ETF 4.3 5 49 7.3 -2.9
YLCO Global X YieldCo Index ETF 4.3 65 -11 4.4 -5.8
SPDW SPDR Portfolio Developed World ex-US ETF 4.2 4 50 7.2 -3.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 4.2 50 4 5.7 -4.5
VEA Vanguard FTSE Developed Markets ETF 4.1 5 49 7.4 -2.8
FYLD Cambria Foreign Shareholder Yield ETF 4.0 59 -5 9.3 -0.9
PPH VanEck Vectors Pharmaceutical ETF 4.0 36 18 10.1 -0.2
AVEM Avantis Emerging Markets Equity ETF 3.8 33 21 9.5 -0.7
TTFS AdvisorShares Wilshire Buyback ETF 3.8 91 -37 6.1 -4.1
FIVA Fidelity International Value Factor ETF 3.8 39 15 10.2 -0.0
FILL iShares MSCI Global Energy Producers ETF 3.7 39 15 5.9 -4.3
FVL First Trust Value Line 100 Exchange-Traded Fund 3.7 70 -16 4.9 -5.4
IDMO Invesco S&P International Developed Momentum ETF 3.7 25 29 4.7 -5.6
IPKW Invesco International BuyBack Achievers ETF 3.7 55 -1 8.6 -1.6
LEGR First Trust Index Digital Transaction & Process Technology E 3.7 65 -11 7.1 -3.1
ACWX iShares MSCI ACWI ex U.S. ETF 3.6 32 22 7.5 -2.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 3.6 40 14 7.4 -2.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.6 65 -11 11.7 +1.5
OSCV Opus Small Cap Value Plus ETF 3.6 79 -25 5.6 -4.6
FNDF Schwab Fundamental International Large Co. Index ETF 3.5 25 29 8.7 -1.5
DTEC ALPS Disruptive Technologies ETF 3.5 50 4 3.5 -6.7
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 3.5 52 2 5.4 -4.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 3.4 25 29 6.8 -3.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 3.4 30 24 6.2 -4.0
ILF iShares Latin America 40 ETF 3.4 48 6 7.1 -3.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.3 29 25 8.6 -1.6
KOIN Innovation Shares NextGen Protocol ETF 3.3 95 -41 4.4 -5.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 3.3 35 19 8.6 -1.6
IXUS ishares Core MSCI Total International Stock ETF 3.3 9 45 7.6 -2.6
FDT First Trust Developed Markets ex-US Alphadex Fund 3.2 80 -26 7.8 -2.5
BLCN Reality Shares Nasdaq NextGen Economy ETF 3.2 68 -14 4.4 -5.9
PIZ Invesco DWA Developed Markets Momentum ETF 3.2 80 -26 4.3 -5.9
GMF SPDR S&P Emerging Asia Pacific ETF 3.2 49 5 8.0 -2.2
VXUS Vanguard Total International Stock Index Fund 3.1 8 46 7.7 -2.5
ACT AdvisorShares Vice ETF 3.1 99 -45 5.2 -5.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.1 47 7 13.5 +3.3
IQIN IQ 500 International ETF 3.0 25 29 9.0 -1.3
FRDM Freedom 100 Emerging Markets ETF 3.0 49 5 7.2 -3.0
EMIF iShares Emerging Markets Infrastructure ETF 3.0 75 -21 7.8 -2.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.9 39 15 9.1 -1.1
VSGX Vanguard ESG International Stock ETF 2.9 17 37 7.4 -2.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.9 60 -6 10.4 +0.2
SMH VanEck Vectors Semiconductor ETF 2.8 35 19 5.6 -4.7
SOXX iShares PHLX Semiconductor ETF 2.8 46 8 5.3 -5.0
XNTK SPDR Morgan Stanley Technology ETF 2.8 35 19 4.0 -6.2
TPIF Timothy Plan International ETF 2.7 62 -8 7.0 -3.2
IDV iShares International Select Dividend ETF 2.7 49 5 12.3 +2.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 2.6 45 9 6.9 -3.3
FFTY Innovator IBD 50 ETF 2.6 80 -26 3.6 -6.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 2.6 47 7 12.7 +2.5

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 12.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 54 bp
Equals: ALTAR Score 10.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.59
 
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.