Invesco S&P SmallCap Health Care ETF
ALTAR
Score™
3.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
71.0x P/Sales
ratio
1.2x
P/BV
ratio
3.3x Div.
yield
0.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P SmallCap Health Care Portfolio is an exchange traded fund incorporated in the USA. The Fund's objective is to seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of the S&P SmallCap 600 Capped Health Care Index.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.invescopowershares.com
Inception date Apr 07, 2010
Assets (mns) $400
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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 71
Wgt avg mkt cap (mns) $1,874
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 43.9%
Small cap (<$2bn) 56.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEOGEN CORP 4.6 %
EMERGENT BIOSOLUTIONS INC 4.6 %
MOMENTA PHARMACEUTICALS INC 4.4 %
OMNICELL INC 3.5 %
NEOGENOMICS INC 3.5 %
HMS HOLDINGS CORP 3.4 %
INTEGER HOLDINGS CORPORATION 3.2 %
MEDPACE HOLDINGS, INC. 3.2 %
MERIT MEDICAL SYSTEMS INC 3.1 %
ENSIGN GROUP INC/THE 2.7 %
Total 36.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.1 %
IRELAND 1.0 %









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.
-6.9% 11.9% 11.6% 17.9% 17.2%

Market Correlations
versus... Beta R-squared
S&P500 1.19 70%
MSCI EAFE 1.09 50%
MSCI Emg. Mkts. 0.77 39%

Technical Indicators
Recent close $121.10
30d moving avg. $116.77
Annualized volatility 24.1%
Short interest (ETF) 0.9%
Short interest (Underlying) 9.1%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.7%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $1,045

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco S&P SmallCap Health Care ETF ETF based on the alternatives' overlap in portfolio holdings with PSCH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PSCH Expense: 29 bp ALTAR Score™: 3.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PSCH
Ticker Fund
Name
Overlap1
vs PSCH
(%)
Expense
ratio
(bp)
Savings
vs PSCH
(bp)
ALTAR
Score™
(%)
ALTAR
vs PSCH
(%)
XHE SPDR S&P Health Care Equipment ETF 20.5 35 -6 1.8 -1.2
XHS SPDR S&P Health Care Services ETF 17.9 35 -6 5.3 +2.3
PJP Invesco Dynamic Pharmaceuticals ETF 13.6 56 -27 11.1 +8.1
IJT iShares S&P Small-Cap 600 Growth ETF 13.5 25 4 5.0 +2.0
SLYG SPDR S&P 600 Small Cap Growth ETF 13.5 15 14 5.1 +2.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 13.4 16 13 5.1 +2.1
IJR iShares Core S&P Small Cap ETF 12.8 7 22 6.7 +3.7
SLY SPDR S&P 600 Small Cap ETF 12.8 15 14 6.7 +3.7
PXSG Invesco S&P SmallCap Momentum ETF 12.8 39 -10 5.0 +2.0
SPSM SPDR Portfolio Small Cap ETF 12.8 5 24 6.8 +3.8
JSML Janus Henderson Small Cap Growth Alpha ETF 12.8 35 -6 6.1 +3.1
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 12.6 39 -10 6.1 +3.1
VIOO Vanguard S&P Small-Cap 600 ETF 12.6 10 19 6.7 +3.7
IJS iShares S&P Small-cap 600 Value ETF 11.9 25 4 8.5 +5.5
SLYV SPDR S&P 600 Small Cap Value ETF 11.9 15 14 8.6 +5.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 11.7 15 14 8.5 +5.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 11.6 35 -6 6.0 +3.0
ROGS Hartford Multifactor Global Small Cap ETF 11.6 34 -5 7.8 +4.8
HTEC ROBO Global Healthcare Technology & Innovation ETF 11.4 68 -39 0.5 -2.5
PBE Invesco Dynamic Biotechnology & Genome ETF 10.9 57 -28 -1.0 -4.0
AFSM First Trust Active Factor Small Cap ETF 10.8 75 -46 5.6 +2.6
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 10.8 40 -11 5.9 +2.9
SQLV Legg Mason Small-Cap Quality Value 10.5 62 -33 6.7 +3.7
XSHQ Invesco S&P SmallCap Quality ETF 8.7 29 0 5.8 +2.8
XPH SPDR S&P Pharmaceuticals ETF 8.6 35 -6 4.8 +1.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 8.0 39 -10 6.5 +3.5
XSLV Invesco S&P SmallCap Low Volatility ETF 8.0 25 4 5.7 +2.7
CALF Pacer US Small Cap Cash Cows 100 ETF 7.9 59 -30 10.6 +7.6
FYC First Trust Small Cap Growth AlphaDEX Fund 7.8 70 -41 2.5 -0.5
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 7.1 29 0 1.8 -1.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 7.0 30 -1 7.4 +4.4
ISMD Inspire Small/Mid Cap Impact ETF 6.9 61 -32 6.6 +3.6
DWAS Invesco DWA SmallCap Momentum ETF 6.8 60 -31 -1.1 -4.1
TPSC Timothy Plan US Small Cap Core ETF 6.7 52 -23 7.5 +4.5
IWO iShares Russell 2000 Growth ETF 6.7 24 5 0.7 -2.3
BTEC Principal Healthcare Innovators Index ETF 6.6 42 -13 -2.5 -5.5
VTWG Vanguard Russell 2000 Growth Index Fund 6.4 15 14 0.8 -2.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 6.3 20 9 5.9 +2.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 6.0 24 5 7.5 +4.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 6.0 80 -51 5.4 +2.4
PTH Invesco DWA Healthcare Momentum ETF 5.9 60 -31 -2.6 -5.6
PSC Principal U.S. Small Cap Index ETF 5.8 38 -9 6.8 +3.8
XBI SPDR S&P BIOTECH ETF 5.8 35 -6 -3.9 -6.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 5.4 35 -6 8.0 +5.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 5.4 29 0 5.8 +2.8
RNSC Small Cap US Equity Select ETF 5.3 60 -31 7.2 +4.2
CSML IQ Chaikin U.S. Small Cap ETF 5.3 35 -6 4.5 +1.5
PLCY EventShares U.S. Legislative Opportunities ETF 5.1 75 -46 3.7 +0.7
IHF iShares U.S. Healthcare Providers ETF 5.0 43 -14 7.4 +4.4
IWC iShares Micro-Cap ETF 4.7 60 -31 -4.0 -7.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 4.7 12 17 7.7 +4.7
FTXH First Trust Nasdaq Pharmaceuticals ETF 4.7 60 -31 7.2 +4.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 4.7 35 -6 5.2 +2.2
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 4.6 35 -6 6.1 +3.1
GNOM Global X Genomics & Biotechnology ETF 4.4 68 -39 -3.6 -6.6
IWM iShares Russell 2000 ETF 4.4 19 10 3.5 +0.5
OLD The Long-Term Care ETF 4.4 35 -6 6.2 +3.2
VTWO Vanguard Russell 2000 Index Fund 4.2 10 19 3.6 +0.6
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 4.2 35 -6 8.1 +5.1
JKK iShares Morningstar Small-Cap Growth ETF 4.2 30 -1 1.4 -1.7
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 3.9 125 -96 -2.9 -5.9
FSMD Fidelity Small-Mid Factor ETF 3.9 29 0 6.8 +3.8
FYX First Trust Small Cap Core AlphaDEX Fund 3.8 63 -34 6.2 +3.2
IHE iShares U.S. Pharmaceuticals ETF 3.7 42 -13 5.3 +2.3
BBC Virtus LifeSci Biotech Clinical Trials ETF 3.6 79 -50 -1.0 -4.0
GDNA Goldman Sachs Motif Human Evolution ETF 3.5 50 -21 0.3 -2.7
HELX Franklin Genomic Advancements ETF 3.4 50 -21 -1.8 -4.8
SCHA Schwab U.S. Small-Cap ETF 3.3 4 25 4.7 +1.7
OSCV Opus Small Cap Value Plus ETF 3.3 79 -50 5.6 +2.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 3.2 17 12 4.8 +1.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 3.2 70 -41 2.1 -0.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 3.2 39 -10 4.2 +1.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 3.1 20 9 6.0 +3.0
EES WisdomTree SmallCap Earnings Fund 3.0 38 -9 10.7 +7.7
NUSC Nuveen ESG Small-Cap ETF 2.8 40 -11 4.9 +1.9
VBK Vanguard Small-Cap Growth Index Fund 2.7 7 22 2.5 -0.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 2.7 6 23 5.0 +2.0
VFMO Vanguard U.S. Momentum Factor ETF 2.7 13 16 2.1 -0.9
PAWZ ProShares Pet Care ETF 2.6 50 -21 2.5 -0.5
IUSS Invesco Strategic US Small Company ETF 2.6 23 6 5.8 +2.8
IBB iShares NASDAQ Biotechnology ETF 2.6 47 -18 0.4 -2.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 2.5 66 -37 2.6 -0.4
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 2.4 29 0 9.6 +6.6
KSCD KFA Small Cap Quality Dividend Index ETF 2.4 51 -22 6.1 +3.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 2.3 30 -1 10.8 +7.8
VFMV Vanguard U.S. Minimum Volatility ETF 2.3 13 16 3.8 +0.8
CSD Invesco S&P Spin-Off ETF 2.3 62 -33 6.0 +3.0
LNGR Global X Longevity Thematic ETF 2.3 50 -21 3.0 +0.0
JHSC John Hancock Multifactor Small Cap ETF 2.2 50 -21 5.7 +2.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 2.1 35 -6 8.4 +5.4
RNMC Mid Cap US Equity Select ETF 1.9 60 -31 7.5 +4.5
VFQY Vanguard U.S. Quality Factor ETF 1.9 13 16 5.9 +2.9
CNCR Loncar Cancer Immunotherapy ETF 1.9 79 -50 -3.4 -6.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 1.8 20 9 9.1 +6.1
VB Vanguard Small-Cap ETF 1.8 5 24 5.4 +2.4
IHI iShares U.S. Medical Devices ETF 1.8 43 -14 3.4 +0.4
FHLC Fidelity MSCI Health Care Index ETF 1.8 8 21 5.6 +2.6
ROBO Robo Global Robotics & Automation Index ETF 1.7 95 -66 3.4 +0.4
VHT Vanguard Health Care Index Fund 1.7 10 19 5.5 +2.5

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 S&P SmallCap Health Care 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 10.4 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 3.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 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.