Invesco S&P SmallCap Information Technology ETF
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.0x P/Sales
ratio
1.2x
P/BV
ratio
2.2x Div.
yield
0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P Small Cap Information Technology is based on the S&P SmallCap 600 Capped Technology 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) $241
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 76
Wgt avg mkt cap (mns) $1,840
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 46.3%
Small cap (<$2bn) 53.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
POWER INTEGRATIONS INC 4.1 %
BROOKS AUTOMATION INC 3.7 %
ALARM.COM HOLDINGS INC 3.3 %
VIAVI SOLUTIONS INC. 3.3 %
LIVEPERSON INC 3.0 %
ADVANCED ENERGY INDUSTRIES 3.0 %
SPS COMMERCE INC 2.9 %
FORMFACTOR INC 2.7 %
FABRINET 2.7 %
ITRON INC 2.6 %
Total 31.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.5 %
CAYMAN ISLANDS 2.7 %
PUERTO RICO 1.8 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.3% 4.2% 11.0% 14.8% 13.0%

Market Correlations
versus... Beta R-squared
S&P500 1.23 79%
MSCI EAFE 1.20 65%
MSCI Emg. Mkts. 0.88 55%

Technical Indicators
Recent close $85.96
30d moving avg. $85.96
Annualized volatility 23.5%
Short interest (ETF) 2.4%
Short interest (Underlying) 5.7%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.3%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $982

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P SmallCap Information Technology ETF ETF based on the alternatives' overlap in portfolio holdings with PSCT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PSCT Expense: 29 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PSCT
Ticker Fund
Name
Overlap1
vs PSCT
(%)
Expense
ratio
(bp)
Savings
vs PSCT
(bp)
ALTAR
Score™
(%)
ALTAR
vs PSCT
(%)
RZG Invesco S&P Smallcap 600 Pure Growth ETF 21.1 35 -6 6.1 +0.5
SLYG SPDR S&P 600 Small Cap Growth ETF 20.9 15 14 5.4 -0.2
IJT iShares S&P Small-Cap 600 Growth ETF 20.8 25 4 5.3 -0.4
VIOG Vanguard S&P Small-Cap 600 Growth ETF 20.3 16 13 5.4 -0.3
XSHQ Invesco S&P SmallCap Quality ETF 17.4 29 0 6.9 +1.2
XSLV Invesco S&P SmallCap Low Volatility ETF 14.5 25 4 6.3 +0.6
SPSM SPDR Portfolio Small Cap ETF 14.4 5 24 7.4 +1.8
SLY SPDR S&P 600 Small Cap ETF 14.4 15 14 7.3 +1.7
IJR iShares Core S&P Small Cap ETF 14.4 7 22 7.4 +1.7
VIOO Vanguard S&P Small-Cap 600 ETF 13.9 10 19 7.5 +1.8
SSLY Syntax Stratified SmallCap ETF 13.4 30 -1 6.4 +0.7
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 13.1 40 -11 7.1 +1.4
PXSG Invesco S&P SmallCap Momentum ETF 12.7 39 -10 5.1 -0.5
XTH SPDR S&P Technology Hardware ETF 12.4 0 29 0.0 -5.7
XSW SPDR S&P Software & Services ETF 12.3 35 -6 4.0 -1.7
JSML Janus Henderson Small Cap Growth Alpha ETF 11.2 30 -1 7.8 +2.1
ROGS Hartford Multifactor Global Small Cap ETF 11.2 34 -5 8.3 +2.6
XSD SPDR S&P Semiconductor ETF 10.8 35 -6 3.9 -1.8
FYC First Trust Small Cap Growth AlphaDEX Fund 10.4 70 -41 2.5 -3.1
ISMD Inspire Small/Mid Cap Impact ETF 9.9 60 -31 6.8 +1.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 9.8 39 -10 8.1 +2.5
CALF Pacer US Small Cap Cash Cows 100 ETF 9.4 59 -30 13.8 +8.2
PSI Invesco Dynamic Semiconductors ETF 9.1 58 -29 4.6 -1.1
TPSC Timothy Plan US Small Cap Core ETF 8.7 52 -23 8.7 +3.0
SIMS SPDR S&P Kensho Intelligent Structures ETF 8.1 45 -16 6.0 +0.4
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 7.8 35 -6 8.7 +3.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 7.7 24 5 7.4 +1.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 7.7 29 0 5.8 +0.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 7.6 30 -1 8.0 +2.4
BUY USCF SummerHaven SHPEI Index Fund 7.6 80 -51 10.8 +5.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 7.6 70 -41 4.2 -1.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.5 80 -51 5.8 +0.2
GEX VanEck Vectors Global Alternative Energy ETF 7.3 62 -33 4.3 -1.4
SQLV Legg Mason Small-Cap Quality Value 7.3 62 -33 8.2 +2.6
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 7.1 29 0 1.8 -3.8
CSML IQ Chaikin U.S. Small Cap ETF 7.0 35 -6 4.4 -1.3
PSC Principal U.S. Small Cap Index ETF 7.0 38 -9 7.4 +1.7
SNSR Global X Internet of Things Thematic ETF 6.9 68 -39 4.4 -1.2
PZD Invesco Cleantech ETF 6.8 68 -39 4.7 -1.0
XTL SPDR S&P Telecom ETF 6.7 35 -6 4.1 -1.6
IWO iShares Russell 2000 Growth ETF 6.7 24 5 0.8 -4.9
SLYV SPDR S&P 600 Small Cap Value ETF 6.6 15 14 9.8 +4.1
IJS iShares S&P Small-cap 600 Value ETF 6.6 25 4 9.7 +4.1
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 6.6 60 -31 0.3 -5.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 6.6 15 14 10.1 +4.5
RNSC Small Cap US Equity Select ETF 6.6 60 -31 8.1 +2.5
FYX First Trust Small Cap Core AlphaDEX Fund 6.6 63 -34 6.9 +1.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 6.4 39 -10 12.4 +6.7
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.4 30 -1 11.5 +5.8
AFSM First Trust Active Factor Small Cap ETF 6.3 75 -46 5.8 +0.2
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 6.0 35 -6 8.6 +2.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 5.9 20 9 6.2 +0.6
VAMO Cambria Value & Momentum ETF 5.9 64 -35 7.8 +2.1
QTUM Defiance Quantum ETF 5.5 40 -11 5.6 -0.0
DWAS Invesco DWA SmallCap Momentum ETF 5.4 60 -31 -1.1 -6.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 5.4 39 -10 8.2 +2.6
VTWG Vanguard Russell 2000 Growth Index Fund 5.2 15 14 0.8 -4.9
PBW Invesco WilderHill Clean Energy ETF 5.2 70 -41 -4.0 -9.6
JKK iShares Morningstar Small-Cap Growth ETF 5.2 30 -1 1.1 -4.5
IGN iShares North American Tech-Multimedia Networking ETF 5.2 46 -17 5.6 -0.1
IWM iShares Russell 2000 ETF 5.2 19 10 3.7 -1.9
TDV ProShares S&P Technology Dividend Aristocrats ETF 5.1 45 -16 4.7 -0.9
DTEC ALPS Disruptive Technologies ETF 4.9 50 -21 3.5 -2.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 4.8 39 -10 4.3 -1.3
VTWO Vanguard Russell 2000 Index Fund 4.8 10 19 3.8 -1.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 4.8 12 17 8.3 +2.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 4.8 29 0 10.3 +4.6
BOTZ Global X Robotics & Artificial Intelligence ETF 4.7 68 -39 2.8 -2.8
IRBO iShares Robotics & Artificial Intelligence ETF 4.7 47 -18 2.6 -3.0
EES WisdomTree SmallCap Earnings Fund 4.6 38 -9 12.3 +6.6
PSJ Invesco Dynamic Software ETF 4.6 58 -29 3.8 -1.9
FIW First Trust Water ETF 4.6 55 -26 3.9 -1.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 4.5 38 -9 9.5 +3.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 4.4 35 -6 6.6 +0.9
VTWV Vanguard Russell 2000 Value Index Fund 4.3 15 14 7.9 +2.2
ITEQ BlueStar Israel Technology ETF 4.2 75 -46 1.8 -3.9
FTXL First Trust Nasdaq Semiconductor ETF 4.1 60 -31 4.8 -0.9
PHO Invesco Water Resources ETF 4.1 60 -31 3.7 -2.0
VUSE Vident Core US Equity Fund 4.0 48 -19 8.6 +2.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 3.9 35 -6 10.6 +5.0
KOMP SPDR Kensho New Economies Composite ETF 3.9 20 9 2.5 -3.2
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 3.8 60 -31 8.9 +3.2
IHAK iShares Cybersecurity & Tech ETF 3.8 47 -18 3.6 -2.1
FITE SPDR Kensho Future Security ETF 3.8 45 -16 4.1 -1.6
IUSS Invesco Strategic US Small Company ETF 3.6 23 6 5.7 +0.0
IWC iShares Micro-Cap ETF 3.6 60 -31 -4.0 -9.6
SCHA Schwab U.S. Small-Cap ETF 3.6 4 25 4.8 -0.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 3.6 25 4 7.0 +1.3
FDM First Trust Dow Jones Select Microcap Index Fund 3.5 60 -31 7.7 +2.1
FSMD Fidelity Small-Mid Factor ETF 3.5 29 0 7.2 +1.6
IWN iShares Russell 2000 Value ETF 3.4 24 5 7.7 +2.0
NUSC Nuveen ESG Small-Cap ETF 3.4 40 -11 5.5 -0.1
FIVG Defiance Next Gen Connectivity ETF 3.4 30 -1 4.8 -0.9
ROBO Robo Global Robotics & Automation Index ETF 3.3 95 -66 3.5 -2.2
MFMS Motley Fool Small-Cap Growth ETF 3.3 85 -56 -1.9 -7.5
XKST SPDR Kensho Smart Mobility ETF 3.3 45 -16 5.3 -0.4
MOTO SmartETFs Smart Transportation & Technology ETF 3.3 68 -39 7.5 +1.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 3.2 20 9 4.8 -0.8
AVUV Avantis U.S. Small Cap Value ETF 3.1 25 4 9.8 +4.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 3.1 17 12 5.3 -0.4

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 Information Technology 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 12.3 %
Divided by: Fwd. P/BV 2.1 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
1.42 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.