Invesco S&P SmallCap Industrials ETF
ALTAR
Score™
6.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
29.3x P/Sales
ratio
0.9x
P/BV
ratio
2.0x Div.
yield
0.8%


  • 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) $40
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) $2,156
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 47.7%
Small cap (<$2bn) 52.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXPONENT INC 3.3 %
SIMPSON MANUFACTURING CO INC 3.1 %
UNIVERSAL FOREST PRODUCTS 2.9 %
PROTO LABS INC 2.7 %
JOHN BEAN TECHNOLOGIES CORP 2.5 %
SAIA INC 2.5 %
AEROJET ROCKETDYNE HOLDINGS, INC. 2.4 %
UNIFIRST CORP/MA 2.3 %
APPLIED INDUSTRIAL TECH INC 2.0 %
CHART INDUSTRIES INC 2.0 %
Total 25.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.2% -8.0% 6.8% 10.7% 9.6%

Market Correlations
versus... Beta R-squared
S&P500 1.33 82%
MSCI EAFE 1.39 75%
MSCI Emg. Mkts. 0.93 56%

Technical Indicators
Recent close $67.44
30d moving avg. $61.82
Annualized volatility 25.2%
Short interest (ETF) 0.8%
Short interest (Underlying) 4.8%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.5%
Bid/Ask (% of price) 0.54%
ADV underlying (mns) $1,023

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.0%


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
(%)
XSHQ Invesco S&P SmallCap Quality ETF 31.2 29 0 6.1 +0.1
CALF Pacer US Small Cap Cash Cows 100 ETF 23.9 59 -30 10.1 +4.1
PXSG Invesco S&P SmallCap Momentum ETF 20.8 39 -10 4.6 -1.4
IJT iShares S&P Small-Cap 600 Growth ETF 19.9 25 4 4.9 -1.1
SLYG SPDR S&P 600 Small Cap Growth ETF 19.9 15 14 5.0 -1.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 19.5 16 13 4.9 -1.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 18.6 39 -10 5.8 -0.2
IJR iShares Core S&P Small Cap ETF 18.2 7 22 6.5 +0.5
SLY SPDR S&P 600 Small Cap ETF 18.2 15 14 6.4 +0.4
SPSM SPDR Portfolio Small Cap ETF 18.2 5 24 6.5 +0.5
XSLV Invesco S&P SmallCap Low Volatility ETF 18.0 25 4 5.7 -0.3
VIOO Vanguard S&P Small-Cap 600 ETF 17.6 10 19 6.5 +0.5
IJS iShares S&P Small-cap 600 Value ETF 16.3 25 4 8.1 +2.1
SLYV SPDR S&P 600 Small Cap Value ETF 16.3 15 14 8.2 +2.2
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 16.2 40 -11 6.0 +0.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 15.7 15 14 8.2 +2.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 15.7 35 -6 5.6 -0.4
TPSC Timothy Plan US Small Cap Core ETF 13.2 52 -23 7.6 +1.6
XTN SPDR S&P Transportation ETF 13.2 35 -6 4.6 -1.4
AIRR First Trust RBA American Industrial Renaissance ETF 13.0 70 -41 6.5 +0.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 12.2 35 -6 7.6 +1.6
SSLY Syntax Stratified SmallCap ETF 12.0 30 -1 5.9 -0.1
ISMD Inspire Small/Mid Cap Impact ETF 11.6 60 -31 6.0 -0.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 10.9 38 -9 8.2 +2.2
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 10.9 35 -6 5.7 -0.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 10.8 35 -6 7.1 +1.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 10.5 39 -10 9.1 +3.1
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 9.7 35 -6 7.7 +1.7
BUY USCF SummerHaven SHPEI Index Fund 9.6 80 -51 8.5 +2.5
RNSC Small Cap US Equity Select ETF 9.5 60 -31 6.8 +0.8
EES WisdomTree SmallCap Earnings Fund 9.4 38 -9 10.1 +4.1
FYT First Trust Small Cap Value AlphaDEX Fund 9.4 72 -43 9.2 +3.2
SMDV ProShares Russell 2000 Dividend Growers ETF 9.1 40 -11 6.1 +0.1
SQLV Legg Mason Small-Cap Quality Value 8.9 62 -33 7.2 +1.2
NIFE Direxion Fallen Knives ETF 8.2 50 -21 2.3 -3.7
VAMO Cambria Value & Momentum ETF 8.1 64 -35 6.3 +0.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 8.1 39 -10 6.2 +0.2
IUSS Invesco Strategic US Small Company ETF 8.0 23 6 4.9 -1.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.9 25 4 6.0 +0.0
IWN iShares Russell 2000 Value ETF 7.9 24 5 6.7 +0.7
FYX First Trust Small Cap Core AlphaDEX Fund 7.8 63 -34 6.1 +0.1
XAR SPDR S&P Aerospace & Defense ETF 7.4 35 -6 5.2 -0.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 7.4 39 -10 3.9 -2.1
JSML Janus Henderson Small Cap Growth Alpha ETF 7.3 30 -1 7.2 +1.2
AVUV Avantis U.S. Small Cap Value ETF 7.2 25 4 8.0 +2.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 7.2 30 -1 7.2 +1.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 7.1 20 9 4.7 -1.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 7.1 29 0 4.6 -1.4
IFRA iShares U.S. Infrastructure ETF 7.1 40 -11 5.5 -0.5
PRN Invesco DWA Industrials Momentum ETF 7.0 60 -31 2.8 -3.3
PSC Principal U.S. Small Cap Index ETF 7.0 38 -9 6.3 +0.3
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 7.0 29 0 5.7 -0.3
AFSM First Trust Active Factor Small Cap ETF 6.9 75 -46 5.2 -0.8
DES WisdomTree U.S. SmallCap Dividend Fund 6.9 38 -9 8.0 +2.0
CSML IQ Chaikin U.S. Small Cap ETF 6.8 35 -6 3.6 -2.4
IWM iShares Russell 2000 ETF 6.7 19 10 3.4 -2.6
ROGS Hartford Multifactor Global Small Cap ETF 6.6 34 -5 7.4 +1.4
VTWO Vanguard Russell 2000 Index Fund 6.5 10 19 3.5 -2.5
VTWV Vanguard Russell 2000 Value Index Fund 6.5 15 14 6.9 +0.9
KSCD KFA Small Cap Quality Dividend Index ETF 6.5 51 -22 5.2 -0.8
FIW First Trust Water ETF 6.3 55 -26 3.5 -2.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 6.3 80 -51 5.0 -1.0
PKB Invesco Dynamic Building & Construction ETF 6.2 60 -31 6.1 +0.1
XKFF SPDR Kensho Final Frontiers ETF 6.2 45 -16 5.8 -0.2
FITE SPDR Kensho Future Security ETF 6.2 45 -16 3.9 -2.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 6.1 12 17 7.1 +1.1
OSCV Opus Small Cap Value Plus ETF 5.7 79 -50 5.0 -1.0
PAVE Global X U.S. Infrastructure Development ETF 5.6 47 -18 5.2 -0.8
IWO iShares Russell 2000 Growth ETF 5.6 24 5 -0.1 -6.1
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 5.6 29 0 0.0 -6.0
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 5.5 35 -6 8.7 +2.7
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 5.5 60 -31 7.6 +1.6
PHO Invesco Water Resources ETF 5.5 60 -31 3.3 -2.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 5.4 24 5 6.5 +0.5
VTWG Vanguard Russell 2000 Growth Index Fund 5.4 15 14 -0.0 -6.0
VFMF Vanguard U.S. Multifactor ETF 5.4 19 10 6.7 +0.7
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 5.4 30 -1 8.5 +2.5
FYC First Trust Small Cap Growth AlphaDEX Fund 5.2 70 -41 1.8 -4.2
VFQY Vanguard U.S. Quality Factor ETF 4.7 13 16 5.7 -0.4
SCHA Schwab U.S. Small-Cap ETF 4.6 4 25 4.4 -1.6
JKJ iShares Morningstar Small-Cap ETF 4.6 25 4 6.3 +0.3
PRNT The 3D Printing ETF 4.5 66 -37 1.0 -5.0
VIS Vanguard Industrials Index Fund 4.3 10 19 5.3 -0.7
ITA iShares U.S. Aerospace & Defense ETF 4.2 42 -13 6.1 +0.1
FIDU Fidelity MSCI Industrials Index ETF 4.2 8 21 5.4 -0.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 4.2 17 12 4.8 -1.2
ARKQ Ark Industrial Innovation ETF 4.1 75 -46 0.8 -5.2
TMDV ProShares Russell US Dividend Growers ETF 4.0 35 -6 5.3 -0.7
MFMS Motley Fool Small-Cap Growth ETF 4.0 85 -56 -1.8 -7.8
BOTZ Global X Robotics & Artificial Intelligence ETF 3.9 68 -39 2.9 -3.1
NUSC Nuveen ESG Small-Cap ETF 3.8 40 -11 4.8 -1.2
EVX VanEck Vectors Environmental Services ETF 3.7 55 -26 4.0 -2.0
VFVA Vanguard U.S. Value Factor ETF 3.6 14 15 10.6 +4.6
PBSM Invesco PureBeta MSCI USA Small Cap ETF 3.6 6 23 5.0 -1.0
DWAS Invesco DWA SmallCap Momentum ETF 3.6 60 -31 -2.3 -8.3
RYJ Invesco Raymond James SB-1 Equity ETF 3.6 82 -53 3.8 -2.2
TBLU Tortoise Water Fund 3.5 40 -11 4.6 -1.4
JKK iShares Morningstar Small-Cap Growth ETF 3.5 30 -1 1.1 -4.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 3.5 30 -1 5.4 -0.6
VBR Vanguard Small Cap Value Index Fund 3.4 7 22 7.9 +1.9

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.1 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.