Invesco S&P SmallCap Consumer Discretionary ETF
ALTAR
Score™
8.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.3x P/Sales
ratio
0.5x
P/BV
ratio
1.8x Div.
yield
1.6%


  • 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) $22
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 92
Wgt avg mkt cap (mns) $1,878
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 45.0%
Small cap (<$2bn) 55.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOPBUILD CORP 3.9 %
STRAYER EDUCATION INC 3.4 %
WINGSTOP, INC. 2.8 %
LITHIA MOTORS INC-CL A 2.7 %
STAMPS.COM INC 2.7 %
LCI INDUSTRIES 2.6 %
FOX FACTORY HOLDING CORP 2.6 %
STEVEN MADDEN LTD 2.6 %
MERITAGE HOMES CORP 2.5 %
WOLVERINE WORLD WIDE INC 2.4 %
Total 28.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.8 %
BERMUDA 1.4 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.2% 3.7% 5.2% -- 9.8%

Market Correlations
versus... Beta R-squared
S&P500 1.13 62%
MSCI EAFE 1.02 42%
MSCI Emg. Mkts. 0.57 22%

Technical Indicators
Recent close $62.17
30d moving avg. $63.87
Annualized volatility 17.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 8.8%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $1,457

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 8.4%


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 23.7 39 -10 6.8 -1.5
XRT SPDR S&P Retail ETF 22.8 35 -6 8.6 +0.2
CALF Pacer US Small Cap Cash Cows 100 ETF 19.6 59 -30 10.8 +2.4
PXSG Invesco S&P SmallCap Momentum ETF 17.9 39 -10 4.8 -3.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 17.8 35 -6 6.2 -2.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 16.8 39 -10 9.2 +0.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 16.8 35 -6 7.2 -1.2
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 15.5 40 -11 5.6 -2.8
IJT iShares S&P Small-Cap 600 Growth ETF 14.8 25 4 5.1 -3.3
SLYG SPDR S&P 600 Small Cap Growth ETF 14.7 15 14 5.2 -3.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 14.5 16 13 5.0 -3.4
IJR iShares Core S&P Small Cap ETF 13.9 7 22 6.3 -2.0
SPSM SPDR Portfolio Small Cap ETF 13.9 5 24 6.4 -2.0
SLY SPDR S&P 600 Small Cap ETF 13.9 15 14 6.3 -2.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 13.5 35 -6 6.3 -2.1
VIOO Vanguard S&P Small-Cap 600 ETF 13.4 10 19 6.2 -2.1
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 12.9 60 -31 4.7 -3.7
IJS iShares S&P Small-cap 600 Value ETF 12.9 25 4 7.5 -0.9
SLYV SPDR S&P 600 Small Cap Value ETF 12.9 15 14 7.7 -0.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 12.3 15 14 7.6 -0.8

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 15.0 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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