Invesco S&P SmallCap Utilities ETF
ALTAR
Score™
3.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
32.3x P/Sales
ratio
0.7x
P/BV
ratio
1.8x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P Small Cap Utilities is based on the S&P SmallCap 600 Capped Utilities 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) $27
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 22
Wgt avg mkt cap (mns) $1,976
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 58.1%
Small cap (<$2bn) 41.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
COGENT COMMUNICATIONS HOLDINGS INC 9.8 %
AMERICAN STATES WATER CO 9.1 %
EL PASO ELECTRIC CO 8.6 %
AVISTA CORP 7.9 %
GLU MOBILE INC 5.8 %
VONAGE HOLDINGS CORP. 5.7 %
SOUTH JERSEY INDUSTRIES 4.9 %
SCHOLASTIC CORP 4.7 %
NORTHWEST NATURAL GAS CO 4.4 %
SHENANDOAH TELECOMMUNICATIONS COMP 4.3 %
Total 65.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










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.
-6.4% 0.1% 8.6% 10.8% 9.9%

Market Correlations
versus... Beta R-squared
S&P500 0.62 53%
MSCI EAFE 0.59 40%
MSCI Emg. Mkts. 0.42 32%

Technical Indicators
Recent close $49.18
30d moving avg. $47.59
Annualized volatility 14.6%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.6%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.6%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $374

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PSCU Expense: 29 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PSCU
Ticker Fund
Name
Overlap1
vs PSCU
(%)
Expense
ratio
(bp)
Savings
vs PSCU
(bp)
ALTAR
Score™
(%)
ALTAR
vs PSCU
(%)
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 13.7 30 -1 12.6 +8.7
XTL SPDR S&P Telecom ETF 13.3 35 -6 5.2 +1.3
SMDV ProShares Russell 2000 Dividend Growers ETF 9.3 40 -11 7.1 +3.2
KSCD KFA Small Cap Quality Dividend Index ETF 9.1 51 -22 6.3 +2.4
PXSG Invesco S&P SmallCap Momentum ETF 7.5 39 -10 5.4 +1.5
PUI Invesco DWA Utilities Momentum ETF 7.2 60 -31 4.5 +0.6
XSLV Invesco S&P SmallCap Low Volatility ETF 6.6 25 4 6.1 +2.2
PBS Invesco Dynamic Media ETF 5.8 63 -34 -2.3 -6.3
IJT iShares S&P Small-Cap 600 Growth ETF 5.3 25 4 5.5 +1.6
SLYG SPDR S&P 600 Small Cap Growth ETF 5.3 15 14 5.6 +1.7
FIW First Trust Water ETF 5.3 55 -26 3.9 -0.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 5.3 16 13 5.6 +1.7
SLY SPDR S&P 600 Small Cap ETF 5.2 15 14 7.5 +3.6
SPSM SPDR Portfolio Small Cap ETF 5.2 5 24 7.6 +3.7
IJR iShares Core S&P Small Cap ETF 5.2 7 22 7.5 +3.6
VIOO Vanguard S&P Small-Cap 600 ETF 5.1 10 19 7.4 +3.5
IJS iShares S&P Small-cap 600 Value ETF 5.1 25 4 9.7 +5.8
SLYV SPDR S&P 600 Small Cap Value ETF 5.1 15 14 9.9 +6.0
DES WisdomTree U.S. SmallCap Dividend Fund 5.0 38 -9 9.0 +5.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 5.0 15 14 9.6 +5.7
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 4.6 39 -10 6.4 +2.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 4.6 50 -21 5.9 +2.0
TBLU Tortoise Water Fund 4.6 40 -11 5.2 +1.3
PHO Invesco Water Resources ETF 4.5 60 -31 3.9 -0.0
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 4.4 60 -31 3.0 -0.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 4.3 29 0 6.3 +2.4
TMDV ProShares Russell US Dividend Growers ETF 4.3 35 -6 5.3 +1.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 4.3 35 -6 9.7 +5.8
IYZ iShares U.S. Telecommunications ETF 4.1 42 -13 8.0 +4.1
IFRA iShares U.S. Infrastructure ETF 4.0 40 -11 5.9 +2.0
UFO Procure Space ETF 4.0 75 -46 -0.1 -4.0
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 3.4 35 -6 6.5 +2.6
GAMR ETFMG Video Game Tech ETF 3.4 75 -46 3.6 -0.4
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 3.3 40 -11 6.4 +2.5
PTF Invesco DWA Technology Momentum ETF 3.2 60 -31 1.3 -2.6
PSJ Invesco Dynamic Software ETF 3.2 58 -29 2.9 -1.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 3.2 38 -9 9.2 +5.3
TPYP Tortoise North American Pipeline Fund 3.0 40 -11 6.3 +2.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 2.8 39 -10 6.0 +2.0
SDY SPDR S&P Dividend ETF 2.8 35 -6 7.2 +3.3
RZG Invesco S&P Smallcap 600 Pure Growth ETF 2.7 35 -6 6.6 +2.7
NLR VanEck Vectors Uranium+Nuclear Energy ETF 2.7 60 -31 8.8 +4.9
CGW Invesco S&P Global Water Index ETF 2.5 62 -33 4.4 +0.5
VFMV Vanguard U.S. Minimum Volatility ETF 2.3 13 16 4.0 +0.1
ISMD Inspire Small/Mid Cap Impact ETF 2.3 61 -32 7.0 +3.1
ARKQ Ark Industrial Innovation ETF 2.2 75 -46 0.8 -3.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 2.2 20 9 6.2 +2.3
VOX Vanguard Telecommunication Services Index Fund 2.2 10 19 5.1 +1.2
FCOM Fidelity MSCI Telecommunication Services Index ETF 2.2 8 21 5.3 +1.4
JKJ iShares Morningstar Small-Cap ETF 2.1 25 4 6.6 +2.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 2.1 12 17 8.7 +4.8
PSC Principal U.S. Small Cap Index ETF 2.1 38 -9 7.7 +3.8
IWN iShares Russell 2000 Value ETF 2.1 24 5 7.6 +3.7
VTWV Vanguard Russell 2000 Value Index Fund 2.1 15 14 7.7 +3.8
FVD First Trust Value Line Dividend Index Fund 2.0 70 -41 6.4 +2.5
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 2.0 29 0 2.2 -1.7
PEY Invesco High Yield Equity Dividend Achievers ETF 2.0 53 -24 9.0 +5.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 2.0 48 -19 6.6 +2.7
ACSI American Customer Satisfaction Core Alpha ETF 2.0 66 -37 5.1 +1.2
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.0 49 -20 3.2 -0.8
YLCO Global X YieldCo Index ETF 1.9 65 -36 4.6 +0.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.9 20 9 6.4 +2.4
AFSM First Trust Active Factor Small Cap ETF 1.8 75 -46 6.6 +2.7
IWM iShares Russell 2000 ETF 1.8 19 10 3.9 -0.0
RNSC Small Cap US Equity Select ETF 1.8 60 -31 8.1 +4.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.8 39 -10 4.4 +0.5
VTWO Vanguard Russell 2000 Index Fund 1.8 10 19 3.9 +0.0
DWAS Invesco DWA SmallCap Momentum ETF 1.7 60 -31 -1.1 -5.0
VPU Vanguard Utilities Index Fund 1.7 10 19 5.7 +1.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 1.7 30 -1 8.0 +4.1
VRAI Virtus Real Asset Income ETF 1.7 55 -26 11.7 +7.8
FUTY Fidelity MSCI Utilities Index ETF 1.7 8 21 5.7 +1.8
WBIY WBI Power Factor High Dividend ETF 1.7 70 -41 14.6 +10.7
IWO iShares Russell 2000 Growth ETF 1.6 24 5 0.9 -3.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 1.6 25 4 6.8 +2.9
VTWG Vanguard Russell 2000 Growth Index Fund 1.6 15 14 1.0 -3.0
OSCV Opus Small Cap Value Plus ETF 1.5 79 -50 5.9 +2.0
IUSS Invesco Strategic US Small Company ETF 1.5 23 6 6.3 +2.4
PSP Invesco Global Listed Private Equity ETF 1.5 178 -149 5.6 +1.7
DIV Global X SuperDividend US ETF 1.5 45 -16 10.7 +6.8
AVUV Avantis U.S. Small Cap Value ETF 1.5 25 4 9.8 +5.9
JKL iShares Morningstar Small Cap Value ETF 1.5 30 -1 10.4 +6.5
CSML IQ Chaikin U.S. Small Cap ETF 1.5 35 -6 5.2 +1.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.4 70 -41 2.1 -1.8
VBR Vanguard Small Cap Value Index Fund 1.4 7 22 8.9 +5.0
XITK SPDR FactSet Innovative Technology ETF 1.4 45 -16 0.5 -3.4
TPSC Timothy Plan US Small Cap Core ETF 1.3 52 -23 8.0 +4.1
SCHA Schwab U.S. Small-Cap ETF 1.3 4 25 5.1 +1.2
JHSC John Hancock Multifactor Small Cap ETF 1.3 50 -21 6.1 +2.2
FDN First Trust Dow Jones Internet Index Fund 1.3 52 -23 2.5 -1.4
RNMC Mid Cap US Equity Select ETF 1.2 60 -31 8.3 +4.4
IEME iShares Evolved U.S. Media & Entertainment ETF 1.2 18 11 7.6 +3.7
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 1.1 35 -6 8.6 +4.7
FYC First Trust Small Cap Growth AlphaDEX Fund 1.1 70 -41 2.8 -1.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 1.1 6 23 5.4 +1.5
XSHQ Invesco S&P SmallCap Quality ETF 1.1 29 0 6.2 +2.3
ARKK ARK Innovation ETF 1.0 75 -46 -3.3 -7.2
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 1.0 125 -96 -3.0 -6.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 1.0 17 12 5.2 +1.2

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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.3 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.79 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.