Invesco S&P SmallCap Industrials ETF
ALTAR
Score™
6.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
27.0x P/Sales
ratio
0.8x
P/BV
ratio
1.8x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P SmallCap Industrials Portfolio is an exchange traded fund incorporated in the USA. The Fund's objective is to seek investment results to the performance of the S&P SmallCap 600 Capped Industrials Index. The ETF holds small cap US companies in the industrials industry which are market cap weighted and rebalanced on a quarterly frequency.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.invescopowershares.com
Inception date Apr 07, 2010
Assets (mns) $37
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 95
Wgt avg mkt cap (mns) $1,899
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 37.3%
Small cap (<$2bn) 62.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXPONENT INC 3.5 %
PROTO LABS INC 3.1 %
SIMPSON MANUFACTURING CO INC 2.9 %
AEROJET ROCKETDYNE HOLDINGS, INC. 2.9 %
UNIVERSAL FOREST PRODUCTS 2.5 %
SAIA INC 2.5 %
UNIFIRST CORP/MA 2.5 %
JOHN BEAN TECHNOLOGIES CORP 2.4 %
BRADY CORPORATION - CL A 2.3 %
WATTS WATER TECHNOLOGIES-A 2.1 %
Total 26.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.9 %










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.
-21.2% -7.0% 4.6% 9.7% 8.7%

Market Correlations
versus... Beta R-squared
S&P500 1.33 81%
MSCI EAFE 1.36 74%
MSCI Emg. Mkts. 0.94 54%

Technical Indicators
Recent close $57.23
30d moving avg. $51.53
Annualized volatility 25.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.8%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.6%
Bid/Ask (% of price) 0.50%
ADV underlying (mns) $1,231

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PSCI Expense: 29 bp ALTAR Score™: 6.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PSCI
Ticker Fund
Name
Overlap1
vs PSCI
(%)
Expense
ratio
(bp)
Savings
vs PSCI
(bp)
ALTAR
Score™
(%)
ALTAR
vs PSCI
(%)
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 35.7 39 -10 6.3 -0.6
XSHQ Invesco S&P SmallCap Quality ETF 27.5 29 0 6.1 -0.8
PXSG Invesco S&P SmallCap Momentum ETF 20.6 39 -10 5.3 -1.6
IJT iShares S&P Small-Cap 600 Growth ETF 19.8 25 4 5.2 -1.6
SLYG SPDR S&P 600 Small Cap Growth ETF 19.8 15 14 5.4 -1.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 19.6 16 13 5.3 -1.6
CALF Pacer US Small Cap Cash Cows 100 ETF 18.2 59 -30 11.6 +4.8
IJR iShares Core S&P Small Cap ETF 17.7 7 22 7.2 +0.3
SLY SPDR S&P 600 Small Cap ETF 17.7 15 14 7.1 +0.2
SPSM SPDR Portfolio Small Cap ETF 17.7 5 24 7.2 +0.3
XSLV Invesco S&P SmallCap Low Volatility ETF 17.4 25 4 6.0 -0.9
VIOO Vanguard S&P Small-Cap 600 ETF 17.4 10 19 7.1 +0.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 16.2 39 -10 6.9 +0.0
RZG Invesco S&P Smallcap 600 Pure Growth ETF 15.7 35 -6 6.4 -0.5
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 15.2 40 -11 6.5 -0.4
IJS iShares S&P Small-cap 600 Value ETF 15.2 25 4 9.2 +2.3
SLYV SPDR S&P 600 Small Cap Value ETF 15.2 15 14 9.3 +2.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 15.0 15 14 9.2 +2.3
AIRR First Trust RBA American Industrial Renaissance ETF 14.0 70 -41 7.5 +0.6
XTN SPDR S&P Transportation ETF 13.3 35 -6 5.2 -1.7
TPSC Timothy Plan US Small Cap Core ETF 13.1 52 -23 7.9 +1.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 12.9 39 -10 10.4 +3.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 11.9 35 -6 8.4 +1.6
ISMD Inspire Small/Mid Cap Impact ETF 10.1 61 -32 6.9 0.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 10.0 38 -9 9.1 +2.3
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 9.9 35 -6 6.3 -0.6
RNSC Small Cap US Equity Select ETF 9.4 60 -31 7.7 +0.8
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 9.3 35 -6 8.4 +1.6
JSML Janus Henderson Small Cap Growth Alpha ETF 9.1 35 -6 6.2 -0.7
EES WisdomTree SmallCap Earnings Fund 8.5 38 -9 11.5 +4.6
SMDV ProShares Russell 2000 Dividend Growers ETF 8.4 40 -11 7.1 +0.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 8.4 80 -51 5.5 -1.3
FYT First Trust Small Cap Value AlphaDEX Fund 8.4 72 -43 9.4 +2.5
XAR SPDR S&P Aerospace & Defense ETF 8.3 35 -6 4.9 -2.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 8.2 35 -6 9.4 +2.5
SQLV Legg Mason Small-Cap Quality Value 7.9 62 -33 7.0 +0.1
FYX First Trust Small Cap Core AlphaDEX Fund 7.8 63 -34 6.7 -0.2
KSCD KFA Small Cap Quality Dividend Index ETF 7.3 51 -22 6.3 -0.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.2 25 4 6.5 -0.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 7.1 39 -10 4.4 -2.4
PRN Invesco DWA Industrials Momentum ETF 7.1 60 -31 4.8 -2.1
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 7.1 29 0 10.3 +3.4
XKFF SPDR Kensho Final Frontiers ETF 7.0 45 -16 5.3 -1.6
BUY USCF SummerHaven SHPEI Index Fund 6.9 80 -51 10.6 +3.8
AVUV Avantis U.S. Small Cap Value ETF 6.8 25 4 9.1 +2.2
CSML IQ Chaikin U.S. Small Cap ETF 6.7 35 -6 4.7 -2.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 6.7 20 9 6.2 -0.7
JKJ iShares Morningstar Small-Cap ETF 6.6 25 4 6.5 -0.4
IFRA iShares U.S. Infrastructure ETF 6.6 40 -11 5.7 -1.1
IUSS Invesco Strategic US Small Company ETF 6.6 23 6 6.0 -0.9
FIW First Trust Water ETF 6.6 55 -26 3.9 -3.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 6.5 29 0 1.9 -5.0
IWO iShares Russell 2000 Growth ETF 6.5 24 5 0.8 -6.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 6.4 29 0 6.0 -0.9
DES WisdomTree U.S. SmallCap Dividend Fund 6.3 38 -9 8.7 +1.9
PSC Principal U.S. Small Cap Index ETF 6.3 38 -9 7.2 +0.3
IWM iShares Russell 2000 ETF 6.3 19 10 3.7 -3.2
VTWG Vanguard Russell 2000 Growth Index Fund 6.3 15 14 0.8 -6.1
ROGS Hartford Multifactor Global Small Cap ETF 6.1 34 -5 8.1 +1.3
VTWO Vanguard Russell 2000 Index Fund 6.1 10 19 3.7 -3.2
AFSM First Trust Active Factor Small Cap ETF 6.0 75 -46 5.8 -1.1
IWN iShares Russell 2000 Value ETF 6.0 24 5 7.3 +0.4
VTWV Vanguard Russell 2000 Value Index Fund 5.9 15 14 7.4 +0.5
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 5.7 12 17 8.2 +1.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 5.7 60 -31 8.5 +1.7
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 5.5 30 -1 11.9 +5.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 5.5 30 -1 7.7 +0.8
FYC First Trust Small Cap Growth AlphaDEX Fund 5.4 70 -41 2.6 -4.3
PKB Invesco Dynamic Building & Construction ETF 5.4 60 -31 7.7 +0.8
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 5.3 35 -6 9.6 +2.8
DWAS Invesco DWA SmallCap Momentum ETF 5.3 60 -31 -1.1 -8.0
VFMF Vanguard U.S. Multifactor ETF 5.2 18 11 7.4 +0.5
PAVE Global X U.S. Infrastructure Development ETF 5.2 47 -18 6.0 -0.9
OSCV Opus Small Cap Value Plus ETF 5.0 79 -50 5.8 -1.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 4.9 24 5 7.7 +0.8
VAMO Cambria Value & Momentum ETF 4.8 64 -35 7.4 +0.5
FITE SPDR Kensho Future Security ETF 4.7 45 -16 3.7 -3.2
PHO Invesco Water Resources ETF 4.7 60 -31 3.9 -3.0
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 4.6 48 -19 6.4 -0.5
PRNT The 3D Printing ETF 4.6 66 -37 1.1 -5.8
SCHA Schwab U.S. Small-Cap ETF 4.6 4 25 4.9 -2.0
JKK iShares Morningstar Small-Cap Growth ETF 4.6 30 -1 1.4 -5.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 4.5 17 12 4.9 -1.9
ARKQ Ark Industrial Innovation ETF 4.4 75 -46 0.8 -6.1
VIS Vanguard Industrials Index Fund 4.3 10 19 6.1 -0.8
VFQY Vanguard U.S. Quality Factor ETF 4.2 13 16 6.1 -0.8
FIDU Fidelity MSCI Industrials Index ETF 4.1 8 21 6.1 -0.8
MFMS Motley Fool Small-Cap Growth ETF 4.0 85 -56 -1.9 -8.8
TBLU Tortoise Water Fund 3.9 40 -11 5.2 -1.7
BOTZ Global X Robotics & Artificial Intelligence ETF 3.7 68 -39 3.0 -3.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 3.7 35 -6 5.3 -1.6
EVX VanEck Vectors Environmental Services ETF 3.7 56 -27 6.7 -0.2
PBW Invesco WilderHill Clean Energy ETF 3.6 70 -41 -4.7 -11.6
IQM Franklin Intelligent Machines ETF 3.5 50 -21 2.2 -4.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 3.5 6 23 5.2 -1.7
VBR Vanguard Small Cap Value Index Fund 3.5 7 22 8.5 +1.6
NUSC Nuveen ESG Small-Cap ETF 3.5 40 -11 5.0 -1.8
VUSE Vident Core US Equity Fund 3.4 48 -19 7.8 +1.0
JETS US Global Jets ETF 3.3 60 -31 5.3 -1.6

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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.2 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.