Invesco Dynamic Building & Construction ETF
ALTAR
Score™
7.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.6x P/Sales
ratio
1.0x
P/BV
ratio
1.7x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco Dynamic Building & Construction Sector Portfolio ETF tracks a quantitative index that selects building and construction companies most likely to outperform based on growth and value metrics.

FUND BASICS
Category Global Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Oct 26, 2005
Assets (mns) $78
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian BNY Mellon
Weighting Tiered
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 30
Wgt avg mkt cap (mns) $7,756
Large cap (>$10bn) 31.3%
Mid cap ($2-10bn) 49.3%
Small cap (<$2bn) 19.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DR HORTON INC 5.8 %
LENNAR CORP-CL A 5.6 %
VULCAN MATERIALS CO 5.3 %
NVR INC 5.0 %
MARTIN MARIETTA MATERIALS 4.8 %
JOHNSON CONTROLS INTERNATIONAL PLC 4.8 %
PULTE HOMES INC 4.7 %
SOUTHWEST GAS CORP 3.6 %
TOPBUILD CORP 3.5 %
MERITAGE HOMES CORP 3.5 %
Total 46.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.2 %
IRELAND 4.8 %
CANADA 2.9 %








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.
-12.3% 3.3% 4.4% 9.6% 5.0%

Market Correlations
versus... Beta R-squared
S&P500 1.48 76%
MSCI EAFE 1.54 71%
MSCI Emg. Mkts. 1.08 53%

Technical Indicators
Recent close $29.40
30d moving avg. $25.75
Annualized volatility 28.8%
Short interest (ETF) 0.8%
Short interest (Underlying) 3.7%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 17
Turnover 0.6%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $2,226

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco Dynamic Building & Construction ETF ETF based on the alternatives' overlap in portfolio holdings with PKB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PKB Expense: 60 bp ALTAR Score™: 7.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PKB
Ticker Fund
Name
Overlap1
vs PKB
(%)
Expense
ratio
(bp)
Savings
vs PKB
(bp)
ALTAR
Score™
(%)
ALTAR
vs PKB
(%)
ITB iShares U.S. Home Construction ETF 42.0 42 18 8.5 +0.8
XHB SPDR S&P Homebuilders ETF 35.4 35 25 7.7 +0.0
HOMZ Hoya Capital Housing ETF 18.4 45 15 7.2 -0.5
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 12.9 39 21 6.3 -1.4
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 12.2 29 31 9.0 +1.4
PXSG Invesco S&P SmallCap Momentum ETF 11.4 39 21 5.3 -2.4
PAVE Global X U.S. Infrastructure Development ETF 8.7 47 13 6.0 -1.7
AIRR First Trust RBA American Industrial Renaissance ETF 8.3 70 -10 7.5 -0.1
VAMO Cambria Value & Momentum ETF 8.0 64 -4 7.4 -0.3
PXMV Invesco S&P MidCap Value with Momentum ETF 7.7 39 21 9.5 +1.9
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 7.4 40 20 7.5 -0.1
QVAL Alpha Architect U.S. Quantitative Value ETF 7.2 49 11 11.2 +3.5
IFRA iShares U.S. Infrastructure ETF 7.1 40 20 5.7 -1.9
RTM Invesco S&P 500 Equal Weight Materials ETF 6.3 40 20 6.5 -1.2
SPGP Invesco S&P 500 GARP ETF 6.2 35 25 7.4 -0.3
BUL Pacer US Cash Cows Growth ETF 6.2 60 0 5.7 -2.0
JHMA John Hancock Multifactor Materials ETF 5.8 40 20 7.0 -0.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 5.7 35 25 6.4 -1.3
SPVM Invesco S&P 500 Value with Momentum ETF 5.7 39 21 9.5 +1.8
CALF Pacer US Small Cap Cash Cows 100 ETF 5.5 59 1 11.6 +4.0
JHMI John Hancock Multifactor Industrials ETF 5.5 40 20 6.1 -1.6
PSCI Invesco S&P SmallCap Industrials ETF 5.4 29 31 6.9 -0.8
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 5.4 60 0 8.5 +0.9
PWC Invesco Dynamic Market ETF 5.4 59 1 7.0 -0.6
QMOM Alpha Architect U.S. Quantitative Momentum ETF 5.3 49 11 3.2 -4.5
VUSE Vident Core US Equity Fund 5.1 48 12 7.8 +0.2
IJT iShares S&P Small-Cap 600 Growth ETF 4.7 25 35 5.2 -2.4
SLYG SPDR S&P 600 Small Cap Growth ETF 4.7 15 45 5.4 -2.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 4.7 16 44 5.3 -2.3
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 4.6 63 -3 7.1 -0.5
PVAL Principal Contrarian Value Index ETF 4.6 29 31 7.5 -0.1
FYT First Trust Small Cap Value AlphaDEX Fund 4.5 72 -12 9.4 +1.7
XSVM Invesco S&P SmallCap Value with Momentum ETF 4.5 39 21 10.4 +2.8
AFSM First Trust Active Factor Small Cap ETF 4.4 75 -15 5.8 -1.9
VAW Vanguard Materials Index Fund 4.3 10 50 6.3 -1.4
RPG Invesco S&P 500 Pure Growth ETF 4.3 35 25 4.5 -3.2
FMAT Fidelity MSCI Materials Index ETF 4.1 8 52 6.2 -1.4
XLB Materials Select Sector SPDR Fund 4.1 13 47 6.0 -1.7
FXD First Trust Consumer Discretionary AlphaDEX Fund 4.1 64 -4 8.6 +0.9
BFOR Barron's 400 ETF 4.0 66 -6 6.4 -1.3
FTHI First Trust High Income ETF 4.0 85 -25 5.5 -2.2
AVUV Avantis U.S. Small Cap Value ETF 4.0 25 35 9.1 +1.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 3.7 24 36 7.7 +0.1
FAB First Trust Multi Cap Value AlphaDEX Fund 3.7 71 -11 9.7 +2.0
FTLB First Trust Hedged BuyWrite Income ETF 3.6 85 -25 5.5 -2.1
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 3.6 60 0 3.1 -4.6
FTA First Trust Large Cap Value AlphaDEX Fund 3.5 60 0 9.2 +1.6
TPSC Timothy Plan US Small Cap Core ETF 3.4 52 8 7.9 +0.2
FNK First Trust Mid Cap Value AlphaDEX Fund 3.4 70 -10 10.8 +3.2
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 3.3 25 35 7.4 -0.3
JSML Janus Henderson Small Cap Growth Alpha ETF 3.3 35 25 6.2 -1.5
XKII SPDR Kensho Intelligent Structures ETF 3.2 45 15 6.3 -1.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 3.1 20 40 7.7 +0.0
JHSC John Hancock Multifactor Small Cap ETF 3.1 50 10 5.9 -1.8
SPVU Invesco S&P 500 Enhanced Value ETF 3.1 13 47 11.1 +3.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 3.1 20 40 9.7 +2.0
FYX First Trust Small Cap Core AlphaDEX Fund 3.0 63 -3 6.7 -1.0
EZM WisdomTree U.S. MidCap Earnings Fund 3.0 38 22 9.3 +1.7
RFV Invesco S&P Midcap 400 Pure Value ETF 3.0 35 25 9.8 +2.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 3.0 39 21 6.9 -0.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.9 29 31 6.0 -1.6
PSC Principal U.S. Small Cap Index ETF 2.9 38 22 7.2 -0.5
IJR iShares Core S&P Small Cap ETF 2.9 7 53 7.2 -0.5
SPSM SPDR Portfolio Small Cap ETF 2.9 5 55 7.2 -0.5
SLY SPDR S&P 600 Small Cap ETF 2.9 15 45 7.1 -0.6
ONEO SPDR Russell 1000 Momentum Focus ETF 2.8 20 40 6.6 -1.0
VIOO Vanguard S&P Small-Cap 600 ETF 2.8 10 50 7.1 -0.6
IGE iShares North American Natural Resources ETF 2.8 46 14 4.0 -3.7
TPYP Tortoise North American Pipeline Fund 2.8 40 20 5.9 -1.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 2.8 17 43 6.6 -1.1
IUSS Invesco Strategic US Small Company ETF 2.8 23 37 6.0 -1.7
USMF WisdomTree U.S. Multifactor Fund 2.8 28 32 6.2 -1.5
IWN iShares Russell 2000 Value ETF 2.7 24 36 7.3 -0.4
VTWV Vanguard Russell 2000 Value Index Fund 2.7 15 45 7.4 -0.3
JKJ iShares Morningstar Small-Cap ETF 2.6 25 35 6.5 -1.2
RWK Invesco S&P MidCap 400 Revenue ETF 2.6 39 21 7.6 -0.1
VFMF Vanguard U.S. Multifactor ETF 2.6 18 42 7.4 -0.3
JKG iShares Morningstar Mid-Cap ETF 2.6 25 35 6.1 -1.6
XLY Consumer Discretionary Select Sector SPDR Fund 2.6 13 47 4.3 -3.4
VOE Vanguard Mid-Cap Value Index Fund 2.5 7 53 8.0 +0.3
CZA Invesco Zacks Mid-Cap ETF 2.5 76 -16 6.3 -1.4
PZD Invesco Cleantech ETF 2.5 68 -8 4.8 -2.8
SMDY Syntax Stratified MidCap ETF 2.5 30 30 6.3 -1.3
JKL iShares Morningstar Small Cap Value ETF 2.5 30 30 9.9 +2.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 2.5 40 20 6.8 -0.8
IYK iShares U.S. Consumer Goods ETF 2.5 42 18 5.4 -2.3
VCR Vanguard Consumer Discretionary Index Fund 2.4 10 50 3.9 -3.7
FNX First Trust Mid Cap Core AlphaDEX Fund 2.4 61 -1 6.7 -0.9
VLUE iShares Edge MSCI USA Value Factor ETF 2.4 15 45 11.2 +3.6
VBR Vanguard Small Cap Value Index Fund 2.4 7 53 8.5 +0.9
SLX VanEck Vectors Steel ETF 2.4 56 4 16.0 +8.4
AFMC First Trust Active Factor Mid Cap ETF 2.4 65 -5 6.2 -1.5
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 2.4 38 22 9.1 +1.5
FDIS Fidelity MSCI Consumer Discretionary Index ETF 2.3 8 52 3.8 -3.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 2.3 35 25 8.4 +0.8
MDYV SPDR S&P 400 Mid Cap Value ETF 2.3 15 45 8.4 +0.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 2.3 15 45 8.5 +0.8
IJJ iShares S&P Mid-Cap 400 Value ETF 2.3 25 35 8.3 +0.7
CSML IQ Chaikin U.S. Small Cap ETF 2.3 35 25 4.7 -2.9

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 Dynamic Building & Construction ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 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.