Invesco Buyback Achievers ETF
ALTAR
Score™
6.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.1x P/Sales
ratio
1.5x
P/BV
ratio
1.9x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Buyback Achievers Portfolio seeks results that correspond with the NASDAQ Buyback Achievers Index, which tracks U.S. companies that have repurchased at least 5% or more of its outstanding shares for the trailing 12 months.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Dec 20, 2006
Assets (mns) $721
Currency USD
Expense ratio 62 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 245
Wgt avg mkt cap (mns) $172,768
Large cap (>$10bn) 87.1%
Mid cap ($2-10bn) 10.4%
Small cap (<$2bn) 2.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.4 %
CISCO SYSTEMS INC 5.3 %
BANK OF AMERICA CORP 4.9 %
ORACLE CORP 4.8 %
JPMORGAN CHASE & CO 4.7 %
ELI LILLY & CO 4.6 %
AMGEN INC 4.3 %
UNION PACIFIC CORP 3.6 %
CHARTER COMMUNICATIONS, INC. CLASS 3.5 %
WELLS FARGO & CO 3.4 %
Total 44.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.3 %
BERMUDA 0.3 %
CAYMAN ISLANDS 0.2 %








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.
-17.5% -1.0% 4.1% 11.6% 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.19 93%
MSCI EAFE 1.23 86%
MSCI Emg. Mkts. 0.91 72%

Technical Indicators
Recent close $57.49
30d moving avg. $53.44
Annualized volatility 20.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.3%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 62
Turnover 0.5%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $48,131

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PKW Expense: 62 bp ALTAR Score™: 6.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PKW
Ticker Fund
Name
Overlap1
vs PKW
(%)
Expense
ratio
(bp)
Savings
vs PKW
(bp)
ALTAR
Score™
(%)
ALTAR
vs PKW
(%)
SPYB SPDR S&P 500 Buyback ETF 36.3 35 27 9.5 +2.6
DIVB iShares U.S. Dividend & Buyback ETF 36.2 25 37 6.5 -0.4
QSY WisdomTree U.S. LargeCap Value Fund 31.5 38 24 6.8 -0.1
PWV Invesco Dynamic Large Cap Value ETF 30.5 55 7 8.3 +1.4
VFH Vanguard Financials Index Fund 29.9 10 52 8.7 +1.9
FNCL Fidelity MSCI Financials Index ETF 29.6 8 54 8.7 +1.9
QLC FlexShares US Quality Large Cap Index Fund 29.5 32 30 5.6 -1.3
IEFN iShares Evolved U.S. Financials ETF 29.1 18 44 9.1 +2.3
XLF Financial Select Sector SPDR Fund 28.0 13 49 8.2 +1.3
IYG iShares US Financial Services ETF 26.9 42 20 6.8 -0.1
QDF FlexShares Quality Dividend Index Fund 26.7 37 25 6.9 +0.0
QDYN FlexShares Quality Dividend Dynamic Index Fund 26.7 37 25 6.8 -0.0
PWC Invesco Dynamic Market ETF 24.6 59 3 7.0 +0.1
SPHQ Invesco S&P 500 Quality ETF 24.2 15 47 5.2 -1.7
LSAF LeaderShares AlphaFactor US Core Equity ETF 24.1 75 -13 7.3 +0.5
JHMF John Hancock Multifactor Financials ETF 24.0 40 22 7.7 +0.8
RAFE PIMCO RAFI ESG U.S. ETF 23.9 29 33 7.7 +0.8
SPVU Invesco S&P 500 Enhanced Value ETF 23.5 13 49 11.0 +4.1
EPS WisdomTree U.S. Earnings 500 Fund 23.5 8 54 6.5 -0.4
DGRO iShares Core Dividend Growth ETF 23.0 8 54 6.5 -0.4
IYF iShares U.S. Financials ETF 22.4 42 20 7.0 +0.1
FVAL Fidelity Value Factor ETF 22.3 29 33 8.1 +1.3
RDVY First Trust Rising Dividend Achievers ETF 21.8 50 12 7.8 +0.9
SYE SPDR MFS Systematic Core Equity ETF 21.6 60 2 5.9 -0.9
EXT WisdomTree U.S. Total Earnings Fund 21.4 28 34 5.8 -1.1
SYV SPDR MFS Systematic Value Equity ETF 21.4 60 2 7.4 +0.5
JVAL JPMorgan U.S. Value Factor ETF 21.3 12 50 8.8 +1.9
VLU SPDR S&P 1500 Value Tilt ETF 21.1 12 50 7.4 +0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 20.8 25 37 6.6 -0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 20.8 15 47 6.4 -0.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 20.7 50 12 5.8 -1.1
JKF iShares Morningstar Large Cap Value ETF 20.7 25 37 7.7 +0.8
RECS Columbia Research Enhanced Core ETF 20.6 15 47 5.7 -1.2
FDRR Fidelity Dividend ETF for Rising Rates 20.5 29 33 7.1 +0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 20.4 25 37 6.6 -0.3
REVS Columbia Research Enhanced Value ETF 20.3 19 43 7.6 +0.7
KBWB Invesco KBW Bank ETF 20.3 35 27 9.7 +2.8
USDY Pacific Global US Equity Income ETF 19.9 29 33 7.7 +0.8
MGV Vanguard Mega Cap Value ETF 19.9 7 55 7.2 +0.3
VTV Vanguard Value Index Fund 19.7 4 58 7.3 +0.4
QDEF FlexShares Quality Dividend Defensive Index Fund 19.6 37 25 6.3 -0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 19.6 25 37 6.0 -0.8
SCHV Schwab U.S. Large-Cap Value ETF 19.4 4 58 7.1 +0.2
PRF Invesco FTSE RAFI US 1000 ETF 19.1 39 23 6.8 -0.1
IUS Invesco Strategic US ETF 19.1 19 43 6.2 -0.7
SYG SPDR MFS Systematic Growth Equity ETF 19.1 60 2 4.6 -2.3
IXG iShares Global Financials ETF 18.9 46 16 10.0 +3.1
AFLG First Trust Active Factor Large Cap ETF 18.7 55 7 5.6 -1.3
FMK First Trust Mega Cap AlphaDEX Fund 18.6 70 -8 5.3 -1.6
DSTL Distillate US Fundamental Stability & Value ETF 18.5 39 23 6.5 -0.4
FTXO First Trust Nasdaq Bank ETF 18.5 60 2 9.5 +2.6
DLN WisdomTree U.S. LargeCap Dividend Fund 18.2 28 34 6.4 -0.5
VLUE iShares Edge MSCI USA Value Factor ETF 18.1 15 47 11.1 +4.2
VALQ American Century STOXX U.S. Quality Value ETF 17.9 29 33 8.9 +2.0
VEGN US Vegan Climate ETF 17.8 60 2 5.3 -1.6
AVUS Avantis U.S. Equity ETF 17.8 15 47 5.8 -1.1
DTD WisdomTree U.S.Total Dividend Fund 17.8 28 34 6.6 -0.3
JHMT John Hancock Multifactor Technology ETF 17.8 40 22 5.1 -1.8
CATH Global X S&P 500 Catholic Values Custom ETF 17.7 29 33 5.3 -1.5
CCOR Core Alternative ETF 17.7 123 -61 4.3 -2.6
FDVV Fidelity Core Dividend ETF 17.6 29 33 7.3 +0.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 17.5 28 34 6.6 -0.3
DFNL Davis Select Financial ETF 17.4 64 -2 8.3 +1.4
PBP Invesco S&P 500 BuyWrite ETF 17.3 49 13 5.1 -1.8
FQAL Fidelity Quality Factor ETF 17.2 29 33 5.5 -1.4
JKD iShares Morningstar Large-Cap ETF 17.2 20 42 5.9 -1.0
ESG FlexShares STOXX US ESG Impact Index Fund 17.2 32 30 5.2 -1.7
HSPX Global X S&P 500 Covered Call ETF 17.1 65 -3 5.0 -1.9
OEF iShares S&P 100 ETF 17.1 20 42 5.0 -1.9
RYF Invesco S&P 500 Equal Weight Financials ETF 17.0 40 22 9.8 +2.9
SYLD Cambria Shareholder Yield ETF 17.0 59 3 9.1 +2.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 16.8 19 43 5.7 -1.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 16.7 20 42 5.1 -1.8
NACP Impact Shares NAACP Minority Empowerment ETF 16.6 75 -13 4.6 -2.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 16.6 20 42 5.5 -1.4
VFVA Vanguard U.S. Value Factor ETF 16.6 13 49 11.8 +4.9
VYM Vanguard High Dividend Yield Index ETF 16.6 6 56 7.2 +0.4
ESGV Vanguard ESG U.S. Stock ETF 16.5 12 50 5.3 -1.6
SPXE ProShares S&P 500 Ex-Energy ETF 16.5 27 35 5.4 -1.4
SPXV ProShares S&P 500 Ex-Health Care ETF 16.5 27 35 5.2 -1.7
QUS SPDR MSCI USA StrategicFactors ETF 16.4 15 47 5.9 -1.0
RWL Invesco S&P 500 Revenue ETF 16.4 39 23 6.8 -0.1
SNPE Xtrackers S&P 500 ESG ETF 16.4 11 51 5.2 -1.7
RFFC RiverFront Dynamic US Flex-Cap ETF 16.3 52 10 5.5 -1.4
KRMA Global X Conscious Companies ETF 16.3 43 19 5.3 -1.6
MGC Vanguard Mega Cap Index Fund 16.2 7 55 5.3 -1.6
QUAL iShares MSCI Usa Quality Factor ETF 16.2 15 47 5.4 -1.5
SPLG SPDR Portfolio Large Cap ETF 16.2 3 59 5.5 -1.4
PBUS Invesco PureBeta MSCI USA ETF 16.1 4 58 5.4 -1.5
IVV iShares Core S&P 500 ETF 16.1 4 58 5.5 -1.4
SPY SPDR S&P 500 ETF Trust 16.1 9 53 5.5 -1.4
JHML John Hancock Multifactor Large Cap ETF 16.1 34 28 5.6 -1.3
IWL iShares Russell Top 200 ETF 16.1 15 47 5.2 -1.7
VOO VANGUARD S&P 500 ETF 16.0 3 59 5.5 -1.4
VFMF Vanguard U.S. Multifactor ETF 15.9 18 44 7.3 +0.5
XLG Invesco S&P 500 Top 50 ETF 15.8 20 42 4.7 -2.2
SPYV SPDR Portfolio S&P 500 Value ETF 15.8 4 58 7.3 +0.5
IVE iShares S&P 500 Value ETF 15.8 18 44 7.2 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 15.7 2 60 5.4 -1.4

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 Buyback Achievers 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 1.8 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.53
 
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.