Invesco S&P SmallCap Industrials ETF
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
29.0x P/Sales
ratio
1.0x
P/BV
ratio
2.2x Div.
yield
0.7%


  • 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) $55
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) $1,963
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 43.7%
Small cap (<$2bn) 56.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SAIA INC 3.2 %
EXPONENT INC 3.1 %
PROTO LABS INC 2.6 %
CHART INDUSTRIES INC 2.6 %
JOHN BEAN TECHNOLOGIES CORP 2.4 %
UNIVERSAL FOREST PRODUCTS 2.4 %
WATTS WATER TECHNOLOGIES-A 2.3 %
APPLIED INDUSTRIAL TECH INC 2.1 %
UNIFIRST CORP/MA 2.1 %
AEROJET ROCKETDYNE HOLDINGS, INC. 2.0 %
Total 24.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.3% -8.2% 7.3% 10.2% 9.5%

Market Correlations
versus... Beta R-squared
S&P500 1.28 84%
MSCI EAFE 1.34 76%
MSCI Emg. Mkts. 0.96 60%

Technical Indicators
Recent close $75.15
30d moving avg. $68.20
Annualized volatility 24.9%
Short interest (ETF) 0.9%
Short interest (Underlying) 4.8%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $802

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™: 5.7%


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 30.1 29 0 6.1 +0.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 23.6 16 13 4.8 -0.9
CALF Pacer US Small Cap Cash Cows 100 ETF 21.2 59 -30 8.1 +2.4
SLYG SPDR S&P 600 Small Cap Growth ETF 19.0 15 14 5.0 -0.7
IJT iShares S&P Small-Cap 600 Growth ETF 19.0 25 4 4.9 -0.8
XSLV Invesco S&P SmallCap Low Volatility ETF 17.6 25 4 5.1 -0.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 17.4 39 -10 5.8 +0.1
SPSM SPDR Portfolio Small Cap ETF 17.4 5 24 6.4 +0.7
SLY SPDR S&P 600 Small Cap ETF 17.4 15 14 6.3 +0.6
IJR iShares Core S&P Small Cap ETF 17.4 6 23 6.4 +0.7
VIOO Vanguard S&P Small-Cap 600 ETF 17.2 10 19 6.1 +0.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 16.3 15 14 7.6 +1.9
IJS iShares S&P Small-cap 600 Value ETF 15.7 25 4 7.7 +2.0
SLYV SPDR S&P 600 Small Cap Value ETF 15.6 15 14 7.8 +2.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 15.1 40 -11 6.2 +0.5
PXSG Invesco S&P SmallCap Momentum ETF 14.8 39 -10 4.2 -1.6
XTN SPDR S&P Transportation ETF 14.8 35 -6 3.4 -2.3
RZG Invesco S&P Smallcap 600 Pure Growth ETF 14.1 35 -6 5.2 -0.5
AIRR First Trust RBA American Industrial Renaissance ETF 12.9 70 -41 6.0 +0.3
ISMD Inspire Small/Mid Cap Impact ETF 11.7 60 -31 4.3 -1.4
SSLY Syntax Stratified SmallCap ETF 11.2 30 -1 5.7 +0.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 10.9 35 -6 7.1 +1.4
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 10.6 38 -9 7.7 +2.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 10.4 39 -10 8.1 +2.4
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 10.1 35 -6 5.4 -0.3
TPSC Timothy Plan US Small Cap Core ETF 10.0 52 -23 6.6 +0.9
BUY USCF SummerHaven SHPEI Index Fund 9.5 80 -51 8.9 +3.2
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 9.5 35 -6 6.9 +1.2
VAMO Cambria Value & Momentum ETF 9.3 63 -34 5.9 +0.2
RNSC Small Cap US Equity Select ETF 9.3 60 -31 6.9 +1.2
EES WisdomTree SmallCap Earnings Fund 9.0 38 -9 9.0 +3.3
XAR SPDR S&P Aerospace & Defense ETF 8.8 35 -6 4.1 -1.6
FYT First Trust Small Cap Value AlphaDEX Fund 8.8 72 -43 9.4 +3.7
KSCD KFA Small Cap Quality Dividend Index ETF 8.7 51 -22 5.1 -0.7
SQLV Legg Mason Small-Cap Quality Value 8.4 62 -33 5.6 -0.1
SMDV ProShares Russell 2000 Dividend Growers ETF 8.3 41 -12 5.9 +0.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 8.1 39 -10 4.8 -0.9
IUSS Invesco Strategic US Small Company ETF 7.8 23 6 4.5 -1.3
IWN iShares Russell 2000 Value ETF 7.8 24 5 5.8 +0.1
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 7.7 35 -6 7.1 +1.4
FYX First Trust Small Cap Core AlphaDEX Fund 7.6 63 -34 6.5 +0.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.4 25 4 6.3 +0.6
DEEP Roundhill Acquirers Deep Value ETF 7.4 80 -51 8.5 +2.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 7.3 39 -10 4.1 -1.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.1 80 -51 5.2 -0.5
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 7.0 29 0 5.5 -0.2
DES WisdomTree U.S. SmallCap Dividend Fund 7.0 38 -9 7.6 +1.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 6.8 29 0 4.5 -1.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 6.7 30 -1 6.9 +1.2
CSML IQ Chaikin U.S. Small Cap ETF 6.7 35 -6 3.5 -2.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 6.7 20 9 4.3 -1.4
FIW First Trust Water ETF 6.6 55 -26 3.4 -2.3
PRN Invesco DWA Industrials Momentum ETF 6.5 60 -31 5.6 -0.1
AVUV Avantis U.S. Small Cap Value ETF 6.5 25 4 7.0 +1.3
AFSM First Trust Active Factor Small Cap ETF 6.5 75 -46 5.2 -0.6
FITE SPDR Kensho Future Security ETF 6.4 45 -16 3.6 -2.1
VTWV Vanguard Russell 2000 Value Index Fund 6.3 15 14 5.9 +0.2
STSB iShares Factors US Small Blend Style ETF 6.3 35 -6 3.0 -2.7
OSCV Opus Small Cap Value Plus ETF 6.3 79 -50 5.2 -0.5
IWM iShares Russell 2000 ETF 6.2 19 10 3.0 -2.7
XKFF SPDR Kensho Final Frontiers ETF 6.2 45 -16 5.2 -0.5
IFRA iShares U.S. Infrastructure ETF 6.1 40 -11 5.0 -0.7
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.1 30 -1 8.0 +2.3
VTWO Vanguard Russell 2000 Index Fund 6.1 10 19 3.0 -2.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 6.1 12 17 6.7 +1.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 6.0 29 0 -0.4 -6.1
PHO Invesco Water Resources ETF 5.9 60 -31 3.3 -2.5
JSML Janus Henderson Small Cap Growth Alpha ETF 5.9 30 -1 7.0 +1.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 5.6 24 5 5.9 +0.2
PSC Principal U.S. Small Cap Index ETF 5.5 38 -9 5.4 -0.3
PAVE Global X U.S. Infrastructure Development ETF 5.3 47 -18 4.6 -1.1
FYC First Trust Small Cap Growth AlphaDEX Fund 5.1 70 -41 2.1 -3.6
MFMS Motley Fool Small-Cap Growth ETF 5.0 85 -56 -1.3 -7.0
IWO iShares Russell 2000 Growth ETF 4.7 24 5 -0.1 -5.8
VFMF Vanguard U.S. Multifactor ETF 4.7 19 10 6.6 +0.9
ROGS Hartford Multifactor Global Small Cap ETF 4.6 34 -5 7.4 +1.7
SCHA Schwab U.S. Small-Cap ETF 4.4 4 25 4.2 -1.5
ITA iShares U.S. Aerospace & Defense ETF 4.4 42 -13 6.0 +0.3
PRNT The 3D Printing ETF 4.4 66 -37 1.2 -4.5
ARKQ Ark Industrial Innovation ETF 4.4 75 -46 0.5 -5.3
JKJ iShares Morningstar Small-Cap ETF 4.3 25 4 5.7 -0.0
TBLU Tortoise Water Fund 4.2 40 -11 4.2 -1.5
VTWG Vanguard Russell 2000 Growth Index Fund 4.1 15 14 -0.0 -5.7
DWAS Invesco DWA SmallCap Momentum ETF 4.1 60 -31 -1.5 -7.2
VIS Vanguard Industrials Index Fund 4.0 10 19 4.8 -0.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 4.0 17 12 4.3 -1.4
CGW Invesco S&P Global Water Index ETF 4.0 59 -30 3.9 -1.8
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 4.0 60 -31 6.7 +1.0
VFQY Vanguard U.S. Quality Factor ETF 3.9 13 16 5.9 +0.2
FIDU Fidelity MSCI Industrials Index ETF 3.8 8 21 5.0 -0.7
BOTZ Global X Robotics & Artificial Intelligence ETF 3.8 68 -39 2.6 -3.1
TMDV ProShares Russell US Dividend Growers ETF 3.6 36 -7 5.3 -0.4
BFOR Barron's 400 ETF 3.5 65 -36 6.1 +0.4
NUSC Nuveen ESG Small-Cap ETF 3.5 40 -11 4.3 -1.4
EVX VanEck Vectors Environmental Services ETF 3.5 55 -26 2.7 -3.0
JETS US Global Jets ETF 3.5 60 -31 1.7 -4.0
CSD Invesco S&P Spin-Off ETF 3.4 62 -33 4.6 -1.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 3.4 6 23 4.5 -1.2
VBR Vanguard Small Cap Value Index Fund 3.1 7 22 7.2 +1.5
VFLQ Vanguard U.S. Liquidity Factor ETF 3.1 14 15 3.8 -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%.

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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 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 12.2 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.50
 
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.