Invesco DWA Industrials Momentum ETF
ALTAR
Score™
13.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
20.3x P/Sales
ratio
2.1x
P/BV
ratio
4.1x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco DWA Industrials Momentum Portfolio tracks an index of U.S. industrial firms selected and weighted by price momentum.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Oct 12, 2006
Assets (mns) $65
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 39
Wgt avg mkt cap (mns) $30,408
Large cap (>$10bn) 64.5%
Mid cap ($2-10bn) 26.0%
Small cap (<$2bn) 9.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
OLD DOMINION FREIGHT LINE 4.7 %
LOCKHEED MARTIN CORP 4.2 %
SHERWIN-WILLIAMS CO/THE 4.0 %
ROPER INDUSTRIES INC 3.8 %
DANAHER CORP 3.8 %
UNION PACIFIC CORP 3.8 %
ACCENTURE PLC-CL A 3.7 %
FAIR ISAAC CORP 3.6 %
AMETEK INC 3.5 %
FISERV INC 3.2 %
Total 38.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.8 %
IRELAND 5.9 %
CAYMAN ISLANDS 1.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 29)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.4% 6.3% 6.0% 11.9% 7.9%

Market Correlations
versus... Beta R-squared
S&P500 1.10 79%
MSCI EAFE 0.96 53%
MSCI Emg. Mkts. 0.63 33%

Technical Indicators
Recent close $56.53
30d moving avg. $61.57
Annualized volatility 16.3%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.9%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 16
Turnover 1.4%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $9,655

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PRN Expense: 60 bp ALTAR Score™: 13.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PRN
Ticker Fund
Name
Overlap1
vs PRN
(%)
Expense
ratio
(bp)
Savings
vs PRN
(bp)
ALTAR
Score™
(%)
ALTAR
vs PRN
(%)
IYJ iShares U.S. Industrials ETF 26.2 42 18 7.4 -6.5
PDP Invesco DWA Momentum ETF 23.9 62 -2 4.1 -9.7
XLI Industrial Select Sector SPDR Fund 22.6 13 47 7.4 -6.4
JHMI John Hancock Multifactor Industrials ETF 21.9 40 20 8.1 -5.8
RGI Invesco S&P 500 Equal Weight Industrials ETF 21.8 40 20 7.9 -6.0
FIDU Fidelity MSCI Industrials Index ETF 21.5 8 52 7.4 -6.4
VIS Vanguard Industrials Index Fund 21.3 10 50 7.7 -6.2
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 14.5 63 -3 9.1 -4.8
XAR SPDR S&P Aerospace & Defense ETF 13.9 35 25 6.2 -7.6
ITA iShares U.S. Aerospace & Defense ETF 13.5 42 18 7.3 -6.6
EQWM Invesco S&P MidCap Quality ETF 13.3 25 35 6.5 -7.3
PPA Invesco Aerospace & Defense ETF 12.8 59 1 6.6 -7.3
EXI iShares Global Industrials ETF 12.8 46 14 8.0 -5.8
BIBL Inspire ETF 12.4 35 25 5.9 -7.9
FTC First Trust Large Cap Growth AlphaDEX Fund 12.2 61 -1 4.1 -9.8
VIG Vanguard Dividend Appreciation Index Fund 12.1 6 54 6.1 -7.8
PSET Principal Price Setters Index ETF 12.0 29 31 6.7 -7.2
PHO Invesco Water Resources ETF 11.9 60 0 4.6 -9.2
XKFF SPDR Kensho Final Frontiers ETF 11.6 45 15 6.6 -7.3
NULG Nuveen ESG Large-Cap Growth ETF 11.4 35 25 4.5 -9.4
RPG Invesco S&P 500 Pure Growth ETF 11.0 35 25 6.1 -7.8
CWS AdvisorShares Focused Equity ETF 10.9 85 -25 6.5 -7.3
ADME Aptus Drawdown Managed Equity ETF 10.8 81 -21 5.3 -8.6
DEF Invesco Defensive Equity ETF 10.2 55 5 6.1 -7.8
XMMO Invesco S&P MidCap Momentum ETF 10.0 39 21 4.9 -8.9
PIO Invesco Global Water ETF 9.9 75 -15 4.9 -9.0
FIW First Trust Water ETF 9.9 55 5 4.8 -9.0
ACIO Aptus Collared Income Opportunity ETF 9.9 79 -19 6.3 -7.6
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 9.5 29 31 5.4 -8.5
FLLV Franklin Liberty U.S. Low Volatility ETF 9.3 29 31 6.8 -7.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 9.2 49 11 4.5 -9.3
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 9.0 25 35 7.2 -6.6
LGLV SPDR Russell 1000 Low Volatility ETF 8.7 12 48 6.6 -7.3
VETS Pacer Military Times Best Employers ETF 8.7 60 0 7.8 -6.0
XTN SPDR S&P Transportation ETF 8.6 35 25 9.7 -4.1
BUL Pacer US Cash Cows Growth ETF 8.6 60 0 7.6 -6.3
IWP iShares Russell Mid-Cap Growth ETF 8.5 24 36 5.6 -8.2
RFG Invesco S&P Midcap 400 Pure Growth ETF 8.2 35 25 5.7 -8.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 8.2 15 45 5.3 -8.5
ITB iShares U.S. Home Construction ETF 8.1 42 18 12.6 -1.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 8.0 66 -6 4.0 -9.9
FTCS First Trust Capital Strength ETF 8.0 60 0 5.9 -8.0
FDMO Fidelity Momentum Factor ETF 8.0 29 31 5.2 -8.6
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 7.9 60 0 8.5 -5.4
PWB Invesco Dynamic Large Cap Growth ETF 7.8 55 5 4.3 -9.6
NOBL ProShares S&P 500 Dividend Aristocrats ETF 7.8 35 25 7.1 -6.8
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 7.8 75 -15 6.7 -7.2
VSDA VictoryShares Dividend Accelerator ETF 7.8 35 25 5.6 -8.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 7.7 30 30 8.1 -5.8
TTAC TrimTabs Float Shrink ETF 7.6 59 1 5.0 -8.9
PFM Invesco Dividend Achievers ETF 7.6 54 6 6.2 -7.6
MAGA Point Bridge GOP Stock Tracker ETF 7.4 72 -12 8.9 -5.0
NUMG Nuveen ESG Mid-Cap Growth ETF 7.2 40 20 4.3 -9.6
KLCD KFA Large Cap Quality Dividend Index ETF 7.2 41 19 6.3 -7.6
IJK iShares S&P Mid-Cap 400 Growth ETF 7.0 24 36 6.3 -7.6
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 7.0 15 45 6.4 -7.5
MDYG SPDR S&P 400 Mid Cap Growth ETF 7.0 15 45 6.4 -7.5
JKH iShares Morningstar Mid-Cap Growth ETF 7.0 30 30 3.4 -10.5
TPLC Timothy Plan US Large Cap Core ETF 7.0 52 8 6.9 -7.0
FTXR First Trust Nasdaq Transportation ETF 6.9 60 0 14.0 +0.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 6.9 65 -5 4.1 -9.8
FLQL Franklin LibertyQ U.S. Equity ETF 6.9 15 45 7.7 -6.2
FITE SPDR Kensho Future Security ETF 6.8 45 15 4.8 -9.1
FVL First Trust Value Line 100 Exchange-Traded Fund 6.7 70 -10 5.3 -8.6
JKE iShares Morningstar Large-Cap Growth ETF 6.7 25 35 4.4 -9.5
IFLY ETFMG Drone Economy Strategy ETF 6.7 75 -15 1.4 -12.4
SPMO Invesco S&P 500 Momentum ETF 6.6 13 47 5.0 -8.8
GARD Reality Shares DIVCON Dividend Guard ETF 6.5 129 -69 4.7 -9.2
FDLO Fidelity Low Volatility Factor ETF 6.5 29 31 6.2 -7.6
NULC Nuveen ESG Large-Cap ETF 6.5 20 40 6.6 -7.3
LEAD Reality Shares DIVCON Leaders Dividend ETF 6.5 43 17 5.4 -8.5
AUSF Global X Adaptive U.S. Factor ETF 6.4 27 33 9.7 -4.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 6.4 20 40 9.7 -4.1
PAVE Global X U.S. Infrastructure Development ETF 6.1 47 13 8.0 -5.8
LOUP Innovator Loup Frontier Tech ETF 6.1 70 -10 4.3 -9.5
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 6.1 60 0 5.0 -8.9
FXZ First Trust Materials AlphaDEX Fund 6.1 65 -5 10.1 -3.8
JKD iShares Morningstar Large-Cap ETF 6.1 20 40 7.1 -6.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 6.1 35 25 7.2 -6.6
CGW Invesco S&P Global Water Index ETF 6.1 62 -2 4.9 -9.0
FQAL Fidelity Quality Factor ETF 6.0 29 31 6.8 -7.1
JQUA JPMorgan U.S. Quality Factor ETF 6.0 12 48 6.4 -7.5
SCHD Schwab U.S. Dividend Equity ETF 5.9 6 54 9.1 -4.8
LVUS Hartford Multifactor Low Volatility US Equity ETF 5.9 19 41 7.3 -6.6
CFA Victory CEMP US 500 Volatility Weighted Index ETF 5.8 35 25 7.7 -6.2
TMDV ProShares Russell US Dividend Growers ETF 5.8 35 25 6.3 -7.6
MGK Vanguard Mega Cap Growth ETF 5.7 7 53 5.4 -8.5
VUG Vanguard Growth Index Fund 5.7 4 56 5.3 -8.6
IUSG iShares Core S&P US Growth ETF 5.6 4 56 5.7 -8.2
FEX First Trust Large Cap Core AlphaDEX Fund 5.6 60 0 7.6 -6.2
VOT Vanguard Mid-Cap Growth Index Fund 5.6 7 53 4.7 -9.2
HECO EcoLogical Strategy ETF 5.6 107 -47 4.3 -9.6
VFMO Vanguard U.S. Momentum Factor ETF 5.6 13 47 4.2 -9.7
BFOR Barron's 400 ETF 5.5 66 -6 8.6 -5.3
IWF iShares Russell 1000 Growth ETF 5.5 19 41 5.4 -8.5
VONG Vanguard Russell 1000 Growth Index Fund 5.5 8 52 5.5 -8.4
DSTL Distillate US Fundamental Stability & Value ETF 5.5 39 21 7.3 -6.5
CLRG IQ Chaikin U.S. Large Cap ETF 5.4 25 35 10.8 -3.1
IVW iShares S&P 500 Growth ETF 5.4 18 42 5.4 -8.5
SPYG SPDR Portfolio S&P 500 Growth ETF 5.4 4 56 5.5 -8.3

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 DWA Industrials Momentum 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 57.5 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 13.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.