Invesco S&P SmallCap Consumer Discretionary ETF
ALTAR
Score™
9.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
47.9x P/Sales
ratio
0.5x
P/BV
ratio
1.7x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P Small Cap Consumer Discretionary is based on the S&P SmallCap 600 Capped Consumer Discretionary Index. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market-capitalization-weighted index reflecting the U.S. small-cap market.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.invescopowershares.com
Inception date Apr 07, 2010
Assets (mns) $19
Currency USD
Expense ratio 29 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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 94
Wgt avg mkt cap (mns) $1,967
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 48.9%
Small cap (<$2bn) 51.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WINGSTOP, INC. 4.4 %
LITHIA MOTORS INC-CL A 3.8 %
STAMPS.COM INC 3.7 %
FOX FACTORY HOLDING CORP 3.6 %
YETI HOLDINGS, INC. 3.0 %
MERITAGE HOMES CORP 3.0 %
LCI INDUSTRIES 2.9 %
IROBOT CORP 2.6 %
CROCS INC 2.5 %
MICHAEL KORS HOLDINGS LTD 2.4 %
Total 31.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
BRITAIN 2.4 %
BERMUDA 0.6 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.7% -6.0% 1.3% 10.7% 8.3%

Market Correlations
versus... Beta R-squared
S&P500 1.73 79%
MSCI EAFE 1.76 70%
MSCI Emg. Mkts. 1.25 56%

Technical Indicators
Recent close $53.22
30d moving avg. $54.85
Annualized volatility 33.1%
Short interest (ETF) 0.6%
Short interest (Underlying) 8.8%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 8
Turnover 2.3%
Bid/Ask (% of price) 0.52%
ADV underlying (mns) $3,220

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P SmallCap Consumer Discretionary ETF ETF based on the alternatives' overlap in portfolio holdings with PSCD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PSCD Expense: 29 bp ALTAR Score™: 9.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PSCD
Ticker Fund
Name
Overlap1
vs PSCD
(%)
Expense
ratio
(bp)
Savings
vs PSCD
(bp)
ALTAR
Score™
(%)
ALTAR
vs PSCD
(%)
RWJ Invesco S&P SmallCap 600 Revenue ETF 26.4 39 -10 8.1 -1.7
XRT SPDR S&P Retail ETF 19.9 35 -6 6.8 -3.0
PXSG Invesco S&P SmallCap Momentum ETF 19.5 39 -10 5.1 -4.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 19.1 35 -6 6.1 -3.7
CALF Pacer US Small Cap Cash Cows 100 ETF 19.0 59 -30 13.8 +4.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 17.4 35 -6 10.6 +0.8
XSVM Invesco S&P SmallCap Value with Momentum ETF 17.0 39 -10 12.4 +2.6
SSLY Syntax Stratified SmallCap ETF 16.3 30 -1 6.4 -3.4
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 15.4 40 -11 7.1 -2.7
SLYG SPDR S&P 600 Small Cap Growth ETF 15.0 15 14 5.4 -4.4
IJT iShares S&P Small-Cap 600 Growth ETF 15.0 25 4 5.3 -4.5
IJR iShares Core S&P Small Cap ETF 14.9 7 22 7.4 -2.4
SPSM SPDR Portfolio Small Cap ETF 14.8 5 24 7.4 -2.4
SLY SPDR S&P 600 Small Cap ETF 14.8 15 14 7.3 -2.5
VIOO Vanguard S&P Small-Cap 600 ETF 14.8 10 19 7.5 -2.3
IJS iShares S&P Small-cap 600 Value ETF 14.7 25 4 9.7 -0.1
SLYV SPDR S&P 600 Small Cap Value ETF 14.6 15 14 9.8 -0.0
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 14.5 35 -6 6.6 -3.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 14.5 16 13 5.4 -4.4
FYT First Trust Small Cap Value AlphaDEX Fund 14.2 72 -43 10.0 +0.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 14.1 15 14 10.1 +0.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 12.9 39 -10 8.2 -1.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 11.6 35 -6 8.7 -1.1
EES WisdomTree SmallCap Earnings Fund 11.6 38 -9 12.3 +2.5
RNSC Small Cap US Equity Select ETF 11.4 60 -31 8.1 -1.7
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 11.3 35 -6 10.0 +0.2
BUY USCF SummerHaven SHPEI Index Fund 11.3 80 -51 10.8 +1.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 10.9 29 0 5.8 -4.0
FYX First Trust Small Cap Core AlphaDEX Fund 10.9 63 -34 6.9 -2.9
TPSC Timothy Plan US Small Cap Core ETF 10.8 52 -23 8.7 -1.1
XSHQ Invesco S&P SmallCap Quality ETF 10.4 29 0 6.9 -2.9
PKB Invesco Dynamic Building & Construction ETF 9.5 60 -31 6.8 -3.0
AVUV Avantis U.S. Small Cap Value ETF 9.2 25 4 9.8 +0.0
ITB iShares U.S. Home Construction ETF 9.0 42 -13 8.4 -1.4
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 9.0 35 -6 8.6 -1.2
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 8.9 60 -31 2.9 -6.9
SYLD Cambria Shareholder Yield ETF 8.9 59 -30 9.3 -0.5
ROGS Hartford Multifactor Global Small Cap ETF 8.2 34 -5 8.3 -1.5
CSML IQ Chaikin U.S. Small Cap ETF 7.7 35 -6 4.4 -5.4
VAMO Cambria Value & Momentum ETF 7.4 64 -35 7.8 -2.0
HOMZ Hoya Capital Housing ETF 7.3 45 -16 8.0 -1.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 7.1 29 0 10.3 +0.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 6.8 24 5 7.4 -2.4
SQLV Legg Mason Small-Cap Quality Value 6.8 62 -33 8.2 -1.6
ISMD Inspire Small/Mid Cap Impact ETF 6.7 60 -31 6.8 -3.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 6.6 25 4 7.0 -2.8
AFSM First Trust Active Factor Small Cap ETF 6.6 75 -46 5.8 -4.0
PSC Principal U.S. Small Cap Index ETF 6.5 38 -9 7.4 -2.4
IUSS Invesco Strategic US Small Company ETF 6.4 23 6 5.7 -4.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 6.2 20 9 6.2 -3.6
FYC First Trust Small Cap Growth AlphaDEX Fund 6.1 70 -41 2.5 -7.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 6.1 38 -9 9.5 -0.3
VTWV Vanguard Russell 2000 Value Index Fund 5.9 15 14 7.9 -1.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 5.8 29 0 1.8 -8.0
VCR Vanguard Consumer Discretionary Index Fund 5.6 10 19 3.9 -5.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 5.4 39 -10 4.3 -5.5
ONLN ProShares Online Retail ETF 5.3 58 -29 1.3 -8.5
BFOR Barron's 400 ETF 5.3 65 -36 6.5 -3.3
VTWO Vanguard Russell 2000 Index Fund 5.3 10 19 3.8 -6.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 5.3 30 -1 8.0 -1.8
IWO iShares Russell 2000 Growth ETF 5.3 24 5 0.8 -9.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 5.2 12 17 8.3 -1.5
IWM iShares Russell 2000 ETF 5.2 19 10 3.7 -6.1
XSLV Invesco S&P SmallCap Low Volatility ETF 5.1 25 4 6.3 -3.5
IWN iShares Russell 2000 Value ETF 5.0 24 5 7.7 -2.1
XHB SPDR S&P Homebuilders ETF 4.8 35 -6 7.8 -2.0
VTWG Vanguard Russell 2000 Growth Index Fund 4.7 15 14 0.8 -9.0
SMDV ProShares Russell 2000 Dividend Growers ETF 4.6 40 -11 8.0 -1.8
VUSE Vident Core US Equity Fund 4.5 48 -19 8.6 -1.2
IWC iShares Micro-Cap ETF 4.3 60 -31 -4.0 -13.8
DES WisdomTree U.S. SmallCap Dividend Fund 4.3 38 -9 9.2 -0.6
VFVA Vanguard U.S. Value Factor ETF 4.3 14 15 12.1 +2.3
XWEB SPDR S&P Internet ETF 4.2 35 -6 -0.2 -10.0
JSML Janus Henderson Small Cap Growth Alpha ETF 4.1 30 -1 7.8 -2.0
VFMF Vanguard U.S. Multifactor ETF 4.1 19 10 7.4 -2.4
DWAS Invesco DWA SmallCap Momentum ETF 4.0 60 -31 -1.1 -10.9
IBUY Amplify Online Retail ETF 3.9 65 -36 -1.5 -11.3
FAB First Trust Multi Cap Value AlphaDEX Fund 3.9 71 -42 10.1 +0.3
NUSC Nuveen ESG Small-Cap ETF 3.7 40 -11 5.5 -4.3
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 3.6 80 -51 5.8 -4.0
SCHA Schwab U.S. Small-Cap ETF 3.5 4 25 4.8 -5.0
FDM First Trust Dow Jones Select Microcap Index Fund 3.5 60 -31 7.7 -2.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 3.4 17 12 5.3 -4.5
PEJ Invesco Dynamic Leisure & Entertainment ETF 3.3 63 -34 1.4 -8.4
VFQY Vanguard U.S. Quality Factor ETF 3.2 13 16 6.2 -3.6
VBR Vanguard Small Cap Value Index Fund 3.2 7 22 8.8 -1.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 3.2 6 23 5.5 -4.3
PBJ Invesco Dynamic Food & Beverage ETF 3.1 63 -34 5.1 -4.7
FSMD Fidelity Small-Mid Factor ETF 2.8 29 0 7.2 -2.6
FXD First Trust Consumer Discretionary AlphaDEX Fund 2.8 64 -35 7.9 -1.9
JKK iShares Morningstar Small-Cap Growth ETF 2.8 30 -1 1.1 -8.7
BKSE BNY Mellon US Small Cap Core Equity ETF 2.7 4 25 5.9 -3.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 2.7 20 9 9.9 +0.1
JKJ iShares Morningstar Small-Cap ETF 2.6 25 4 7.0 -2.8
LOUP Innovator Loup Frontier Tech ETF 2.6 70 -41 3.9 -5.9
EBIZ Global X E-Commerce ETF 2.6 50 -21 2.6 -7.2
MFMS Motley Fool Small-Cap Growth ETF 2.5 85 -56 -1.9 -11.6
XKST SPDR Kensho Smart Mobility ETF 2.5 45 -16 5.3 -4.5
VB Vanguard Small-Cap ETF 2.5 5 24 5.5 -4.3
FDIS Fidelity MSCI Consumer Discretionary Index ETF 2.4 8 21 3.4 -6.4

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 S&P SmallCap Consumer Discretionary 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 15.8 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.