Invesco NASDAQ Internet ETF
ALTAR
Score™
1.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
70.3x P/Sales
ratio
3.7x
P/BV
ratio
7.1x Div.
yield
0.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco NASDAQ Internet Portfolio seeks investment results that correspond generally to the price and yield of the NASDAQ Internet Index.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Jun 12, 2008
Assets (mns) $608
Currency USD
Expense ratio 62 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 90
Wgt avg mkt cap (mns) $320,856
Large cap (>$10bn) 91.8%
Mid cap ($2-10bn) 7.3%
Small cap (<$2bn) 0.8%
Developed mkts 81.5%
Emerging mkts 18.5%

TOP TEN HOLDINGS
AMAZON.COM INC 9.0 %
FACEBOOK 8.4 %
ADOBE SYSTEMS INC 7.7 %
ALPHABET INC. CLASS C 7.3 %
ALIBABA GROUP HOLDING LTD. SPONSOR 6.6 %
SHOPIFY, INC. CLASS A 5.1 %
NETFLIX INC 4.0 %
SALESFORCE.COM INC 3.6 %
UBER TECHNOLOGIES, INC. 3.5 %
BOOKING HOLDINGS INC. 3.3 %
Total 58.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 71.8 %
CHINA 15.1 %
CANADA 5.8 %
ARGENTINA 2.5 %
LUXEMBOURG 2.1 %
SINGAPORE 1.2 %
NETHERLANDS 0.7 %
ISRAEL 0.7 %
IRELAND 0.1 %
INDIA 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
3.7% 3.0% 15.2% 18.0% 17.1%

Market Correlations
versus... Beta R-squared
S&P500 1.09 73%
MSCI EAFE 1.05 59%
MSCI Emg. Mkts. 0.84 58%

Technical Indicators
Recent close $159.94
30d moving avg. $148.99
Annualized volatility 21.4%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.8%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 44
Turnover 1.2%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $56,840

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PNQI Expense: 62 bp ALTAR Score™: 1.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PNQI
Ticker Fund
Name
Overlap1
vs PNQI
(%)
Expense
ratio
(bp)
Savings
vs PNQI
(bp)
ALTAR
Score™
(%)
ALTAR
vs PNQI
(%)
TTTN UP Fintech China-U.S. Internet Titans ETF 54.9 59 3 5.2 +3.8
FDN First Trust Dow Jones Internet Index Fund 40.8 52 10 2.6 +1.3
BUYZ Franklin Disruptive Commerce ETF 37.5 50 12 -0.1 -1.4
OGIG O'Shares Global Internet Giants ETF 35.1 48 14 0.6 -0.8
GBUY Goldman Sachs Motif New Age Consumer ETF 32.4 50 12 2.3 +1.0
AIQ Global X Future Analytics Tech ETF 31.6 68 -6 4.3 +3.0
EBIZ Global X E-Commerce ETF 31.3 50 12 3.2 +1.8
JOYY Infusive Compounding Global Equities ETF 31.2 50 12 4.0 +2.7
XNTK SPDR Morgan Stanley Technology ETF 30.0 35 27 4.1 +2.7
IGM iShares North American Tech ETF 29.9 46 16 4.1 +2.8
GIGE SoFi Gig Economy ETF 29.6 59 3 -0.4 -1.8
IETC iShares Evolved U.S. Technology ETF 26.7 18 44 4.2 +2.8
TMFC Motley Fool 100 Index ETF 26.6 50 12 4.1 +2.7
MILN Global X Millennials Thematic ETF 26.3 50 12 3.2 +1.9
QYLD Global X NASDAQ 100 Covered Call ETF 26.0 60 2 3.8 +2.5
IBUY Amplify Online Retail ETF 25.2 65 -3 -1.5 -2.8
NUSI Nationwide Risk-Managed Income ETF 25.1 68 -6 3.8 +2.4
DWLD Davis Select Worldwide ETF 25.1 64 -2 7.0 +5.7
QQQ Invesco QQQ Trust 25.0 20 42 4.2 +2.9
LRGE ClearBridge Large Cap Growth ESG ETF 24.9 60 2 4.0 +2.7
ONLN ProShares Online Retail ETF 24.8 58 4 1.8 +0.5
TECB iShares US Tech Breakthrough Multisector ETF 24.5 40 22 4.2 +2.8
FDNI First Trust Dow Jones International Internet ETF 24.1 65 -3 3.0 +1.6
DUSA Davis Select U.S. Equity ETF 24.1 63 -1 5.9 +4.6
PLAT WisdomTree Modern Tech Platforms Fund 23.9 45 17 1.4 +0.1
XWEB SPDR S&P Internet ETF 23.7 35 27 1.3 -0.1
ENTR Entrepreneur 30 Fund 23.3 49 13 3.2 +1.8
FCOM Fidelity MSCI Telecommunication Services Index ETF 23.2 8 54 5.3 +3.9
VOX Vanguard Telecommunication Services Index Fund 23.1 10 52 5.1 +3.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 22.8 21 41 3.3 +2.0
GVIP Goldman Sachs Hedge Industry VIP ETF 22.8 45 17 4.6 +3.3
MGK Vanguard Mega Cap Growth ETF 22.1 7 55 4.4 +3.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 21.7 75 -13 3.8 +2.5
XLC The Communication Services Select Sector SPDR Fund 21.3 13 49 6.1 +4.8
JKE iShares Morningstar Large-Cap Growth ETF 21.3 25 37 3.6 +2.2
IWY iShares Russell Top 200 Growth ETF 21.0 20 42 4.4 +3.0
IXP iShares Global Comm Services ETF 20.6 46 16 6.0 +4.7
SKYY First Trust Cloud Computing ETF 20.5 60 2 2.1 +0.7
ARKW ARK Web x.0 ETF 20.4 76 -14 -0.8 -2.1
CLOU Global X Cloud Computing ETF 20.2 68 -6 0.8 -0.5
JHCS John Hancock Multifactor Media & Communications ETF 20.1 40 22 5.8 +4.5
VUG Vanguard Growth Index Fund 19.9 4 58 4.3 +3.0
XITK SPDR FactSet Innovative Technology ETF 19.8 45 17 0.5 -0.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 19.5 86 -24 2.5 +1.1
GENY Principal Millennials Index ETF 19.4 45 17 4.4 +3.0
GURU Global X Guru Index ETF 19.3 75 -13 3.7 +2.4
CACG ClearBridge All Cap Growth ETF 19.2 54 8 4.6 +3.2
XLG Invesco S&P 500 Top 50 ETF 19.0 20 42 4.7 +3.4
SCHG Schwab U.S. Large-Cap Growth ETF 18.9 4 58 4.4 +3.1
VOOG Vanguard S&P 500 Growth ETF 18.5 10 52 4.5 +3.2
SPYG SPDR Portfolio S&P 500 Growth ETF 18.4 4 58 4.5 +3.2
IVW iShares S&P 500 Growth ETF 18.4 18 44 4.4 +3.1
VONG Vanguard Russell 1000 Growth Index Fund 18.4 8 54 4.5 +3.2
SOCL Global X Social Media ETF 18.4 65 -3 2.4 +1.0
IWF iShares Russell 1000 Growth ETF 18.4 19 43 4.4 +3.1
IGV iShares North American Tech-Software ETF 18.3 46 16 2.7 +1.3
IYC iShares U.S. Consumer Services ETF 17.8 42 20 4.5 +3.1
IUSG iShares Core S&P US Growth ETF 17.6 4 58 4.6 +3.2
SYG SPDR MFS Systematic Growth Equity ETF 17.5 60 2 4.7 +3.4
ARKF ARK Fintech Innovation ETF 17.2 75 -13 1.1 -0.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 16.9 15 47 4.8 +3.5
IYW iShares U.S. Technology ETF 16.9 42 20 4.4 +3.1
JHMC John Hancock Multifactor Consumer Discretionary ETF 16.4 40 22 4.9 +3.6
PBS Invesco Dynamic Media ETF 16.3 63 -1 -2.3 -3.7
OEF iShares S&P 100 ETF 15.9 20 42 5.0 +3.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 15.8 60 2 4.3 +3.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 15.8 35 27 4.6 +3.3
VCR Vanguard Consumer Discretionary Index Fund 15.5 10 52 4.2 +2.9
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 15.4 60 2 3.9 +2.5
FNI First Trust Chindia ETF 15.2 59 3 3.8 +2.5
KWEB KraneShares CSI China Internet ETF 15.1 76 -14 3.8 +2.4
PGJ Invesco Golden Dragon China ETF 15.1 70 -8 3.8 +2.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 15.1 32 30 7.4 +6.1
GDAT Goldman Sachs Motif Data-Driven World Etf 15.1 50 12 5.4 +4.0
FDIS Fidelity MSCI Consumer Discretionary Index ETF 15.0 8 54 4.1 +2.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 14.8 60 2 4.6 +3.3
NULG Nuveen ESG Large-Cap Growth ETF 14.6 35 27 3.5 +2.2
QGRO American Century STOXX U.S. Quality Growth ETF 14.4 29 33 3.2 +1.9
XLY Consumer Discretionary Select Sector SPDR Fund 14.3 13 49 4.5 +3.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 14.2 12 50 4.9 +3.6
ADME Aptus Drawdown Managed Equity ETF 14.0 81 -19 3.9 +2.5
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 13.9 18 44 6.5 +5.2
PWB Invesco Dynamic Large Cap Growth ETF 13.7 55 7 3.6 +2.2
CHIL Global X MSCI China Large-Cap 50 ETF 13.5 29 33 10.0 +8.6
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 13.4 80 -18 1.9 +0.6
FPX First Trust US IPO Index Fund 13.4 59 3 4.4 +3.0
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 13.3 40 22 7.9 +6.6
FLCH Franklin FTSE China ETF 13.2 19 43 9.7 +8.4
LRNZ TrueMark Technology, AI & Deep Learning ETF 13.1 68 -6 0.9 -0.4
IWL iShares Russell Top 200 ETF 13.1 15 47 5.3 +3.9
MCHI iShares MSCI China ETF 13.0 59 3 9.6 +8.2
SPXV ProShares S&P 500 Ex-Health Care ETF 12.9 27 35 5.3 +3.9
SPXT ProShares S&P 500 Ex-Technology ETF 12.9 27 35 5.8 +4.5
IRBO iShares Robotics & Artificial Intelligence ETF 12.9 47 15 2.7 +1.4
BOSS Global X Founder-Run Companies ETF 12.8 45 17 4.0 +2.7
KALL KraneShares FTSE Emerging Markets Plus ETF 12.8 49 13 9.6 +8.3
SNPE Xtrackers S&P 500 ESG ETF 12.7 11 51 5.3 +4.0
ESG FlexShares STOXX US ESG Impact Index Fund 12.7 32 30 5.3 +4.0
ISEM Invesco Strategic Emerging Markets ETF 12.7 35 27 11.1 +9.8
ESGV Vanguard ESG U.S. Stock ETF 12.7 12 50 5.4 +4.1

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 NASDAQ Internet ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.0 %
Divided by: Fwd. P/BV 6.7 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 1.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 CATEGORY
AVERAGE
1.52
 
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.