Invesco DWA Technology Momentum ETF
ALTAR
Score™
1.4% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
72.6x P/Sales
ratio
5.7x
P/BV
ratio
18.0x Div.
yield
0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco DWA Technology Momentum Portfolio tracks an index of U.S. tech firms selected and weighted by price momentum.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Oct 12, 2006
Assets (mns) $202
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian BNY Mellon
Weighting Momentum
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 37
Wgt avg mkt cap (mns) $132,985
Large cap (>$10bn) 61.2%
Mid cap ($2-10bn) 31.2%
Small cap (<$2bn) 7.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FIVE9 INC 4.9 %
TWILIO, INC. CLASS A 4.8 %
APPLE INC 4.7 %
RINGCENTRAL, INC. CLASS A 4.4 %
NVIDIA CORP 4.2 %
COUPA SOFTWARE, INC. 4.2 %
OKTA, INC. CLASS A 3.9 %
MONOLITHIC POWER SYSTEMS INC 3.8 %
INPHI CORP 3.7 %
VEEVA SYSTEMS INC-CLASS A 3.6 %
Total 42.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.1 %










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.
16.9% 31.6% 16.1% 15.4% 9.9%

Market Correlations
versus... Beta R-squared
S&P500 1.11 55%
MSCI EAFE 1.00 38%
MSCI Emg. Mkts. 0.72 30%

Technical Indicators
Recent close $89.76
30d moving avg. $83.42
Annualized volatility 25.3%
Short interest (ETF) 0.6%
Short interest (Underlying) 6.6%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 38
Turnover 1.7%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $39,163

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PTF Expense: 60 bp ALTAR Score™: 1.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PTF
Ticker Fund
Name
Overlap1
vs PTF
(%)
Expense
ratio
(bp)
Savings
vs PTF
(bp)
ALTAR
Score™
(%)
ALTAR
vs PTF
(%)
FXL First Trust Technology AlphaDEX Fund 30.9 61 -1 3.3 +2.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 24.1 75 -15 2.2 +0.9
LRNZ TrueMark Technology, AI & Deep Learning ETF 24.1 68 -8 0.9 -0.5
XITK SPDR FactSet Innovative Technology ETF 22.1 45 15 0.4 -1.0
FFTY Innovator IBD 50 ETF 21.3 80 -20 3.6 +2.2
TECB iShares US Tech Breakthrough Multisector ETF 21.2 40 20 4.1 +2.8
PDP Invesco DWA Momentum ETF 21.1 62 -2 2.8 +1.5
CLOU Global X Cloud Computing ETF 20.4 68 -8 0.8 -0.6
JHMT John Hancock Multifactor Technology ETF 20.1 40 20 5.1 +3.7
IYW iShares U.S. Technology ETF 19.8 42 18 4.4 +3.0
MTUM iShares Edge MSCI USA Momentum Factor ETF 19.1 15 45 4.8 +3.5
IGV iShares North American Tech-Software ETF 19.0 46 14 2.6 +1.3
XSW SPDR S&P Software & Services ETF 18.9 35 25 3.5 +2.1
SKYY First Trust Cloud Computing ETF 18.6 60 0 2.0 +0.6
OGIG O'Shares Global Internet Giants ETF 18.4 48 12 0.5 -0.8
XNTK SPDR Morgan Stanley Technology ETF 17.9 35 25 4.0 +2.6
PXQ Invesco Dynamic Networking ETF 17.8 63 -3 2.8 +1.4
QMOM Alpha Architect U.S. Quantitative Momentum ETF 17.7 49 11 3.3 +1.9
VGT Vanguard Information Technology Index Fund 17.5 10 50 4.8 +3.5
FTEC Fidelity MSCI Information Technology Index ETF 17.3 8 52 4.9 +3.5
XLK Technology Select Sector SPDR Fund 16.6 13 47 5.0 +3.7
AIQ Global X Future Analytics Tech ETF 16.6 68 -8 4.2 +2.8
SPMO Invesco S&P 500 Momentum ETF 16.4 13 47 4.5 +3.1
IETC iShares Evolved U.S. Technology ETF 16.3 18 42 4.1 +2.8
IGM iShares North American Tech ETF 16.2 46 14 4.0 +2.7
GDAT Goldman Sachs Motif Data-Driven World Etf 16.1 50 10 5.2 +3.8
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 15.8 99 -39 1.8 +0.5
GVIP Goldman Sachs Hedge Industry VIP ETF 15.6 45 15 5.0 +3.7
IHAK iShares Cybersecurity & Tech ETF 15.3 47 13 3.7 +2.3
QGRO American Century STOXX U.S. Quality Growth ETF 15.2 29 31 3.1 +1.8
PWB Invesco Dynamic Large Cap Growth ETF 15.1 55 5 3.5 +2.2
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 15.1 57 3 5.0 +3.7
FTC First Trust Large Cap Growth AlphaDEX Fund 15.0 61 -1 3.0 +1.7
IXN iShares Global Tech ETF 14.7 46 14 4.8 +3.5
XSD SPDR S&P Semiconductor ETF 14.6 35 25 3.8 +2.5
RYT Invesco S&P 500 Equal Weight Technology ETF 14.4 40 20 7.3 +5.9
DRIV Global X Autonomous & Electric Vehicles ETF 14.3 68 -8 5.8 +4.4
FDMO Fidelity Momentum Factor ETF 14.3 29 31 4.0 +2.6
WCLD WisdomTree Cloud Computing Fund 14.2 45 15 2.3 +0.9
SYG SPDR MFS Systematic Growth Equity ETF 14.0 60 0 4.6 +3.3
PSJ Invesco Dynamic Software ETF 13.3 58 2 2.9 +1.6
QYLD Global X NASDAQ 100 Covered Call ETF 13.0 60 0 3.7 +2.4
PSI Invesco Dynamic Semiconductors ETF 12.8 58 2 4.8 +3.4
NUSI Nationwide Risk-Managed Income ETF 12.7 68 -8 3.7 +2.3
JMOM JPMorgan U.S. Momentum Factor ETF 12.7 12 48 3.9 +2.6
QQQ Invesco QQQ Trust 12.6 20 40 4.1 +2.8
FTXL First Trust Nasdaq Semiconductor ETF 12.5 60 0 5.0 +3.7
VEGN US Vegan Climate ETF 12.3 60 0 5.3 +3.9
ENTR Entrepreneur 30 Fund 12.2 49 11 3.3 +1.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 11.9 21 39 3.2 +1.8
LRGE ClearBridge Large Cap Growth ESG ETF 11.9 60 0 4.0 +2.6
VUG Vanguard Growth Index Fund 11.9 4 56 4.2 +2.9
IWF iShares Russell 1000 Growth ETF 11.8 19 41 4.3 +3.0
VONG Vanguard Russell 1000 Growth Index Fund 11.8 8 52 4.4 +3.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 11.7 49 11 4.2 +2.8
CIBR First Trust NASDAQ CEA Cybersecurity ETF 11.7 60 0 3.0 +1.7
SCHG Schwab U.S. Large-Cap Growth ETF 11.6 4 56 4.3 +2.9
MGK Vanguard Mega Cap Growth ETF 11.5 7 53 4.3 +3.0
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 11.4 49 11 5.4 +4.0
VOOG Vanguard S&P 500 Growth ETF 11.3 10 50 4.4 +3.1
SPYG SPDR Portfolio S&P 500 Growth ETF 11.2 4 56 4.5 +3.1
IVW iShares S&P 500 Growth ETF 11.2 18 42 4.3 +3.0
TMFC Motley Fool 100 Index ETF 11.1 50 10 4.0 +2.6
IUSG iShares Core S&P US Growth ETF 11.1 4 56 4.5 +3.1
BOSS Global X Founder-Run Companies ETF 11.0 45 15 3.8 +2.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 11.0 12 48 5.1 +3.7
IWY iShares Russell Top 200 Growth ETF 11.0 20 40 4.3 +3.0
TTAC TrimTabs Float Shrink ETF 10.9 59 1 3.6 +2.2
GAMR ETFMG Video Game Tech ETF 10.9 75 -15 3.5 +2.2
ADME Aptus Drawdown Managed Equity ETF 10.7 81 -21 3.9 +2.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 10.7 75 -15 3.7 +2.3
RPG Invesco S&P 500 Pure Growth ETF 10.7 35 25 4.4 +3.1
TDV ProShares S&P Technology Dividend Aristocrats ETF 10.6 45 15 4.6 +3.3
SFY SoFi Select 500 ETF 10.6 0 60 5.3 +3.9
NUMG Nuveen ESG Mid-Cap Growth ETF 10.6 40 20 3.2 +1.8
FQAL Fidelity Quality Factor ETF 10.6 29 31 5.4 +4.1
RFFC RiverFront Dynamic US Flex-Cap ETF 10.5 52 8 5.4 +4.0
WOMN Impact Shares YWCA Women's Empowerment ETF 10.4 75 -15 4.5 +3.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 10.4 9 51 5.6 +4.2
NULG Nuveen ESG Large-Cap Growth ETF 10.3 35 25 3.4 +2.1
SUSA iShares MSCI USA ESG Select ETF 10.3 25 35 4.8 +3.4
AIEQ AI Powered Equity ETF 10.3 87 -27 3.4 +2.0
ESGV Vanguard ESG U.S. Stock ETF 10.3 12 48 5.3 +3.9
IQSU IQ Candriam ESG US Equity ETF 10.3 9 51 5.3 +3.9
ESG FlexShares STOXX US ESG Impact Index Fund 10.2 32 28 5.2 +3.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 10.2 60 0 4.6 +3.2
PLAT WisdomTree Modern Tech Platforms Fund 10.1 45 15 1.3 -0.1
ESGU iShares MSCI USA ESG Optimized ETF 10.1 15 45 5.1 +3.8
SFYF SoFi 50 ETF 10.0 29 31 5.4 +4.1
SPXV ProShares S&P 500 Ex-Health Care ETF 10.0 27 33 5.1 +3.8
SCHK Schwab 1000 Index ETF 10.0 5 55 5.3 +4.0
JKE iShares Morningstar Large-Cap Growth ETF 10.0 25 35 3.5 +2.1
CACG ClearBridge All Cap Growth ETF 10.0 54 6 4.5 +3.1
ARKF ARK Fintech Innovation ETF 9.9 75 -15 0.8 -0.6
SCHX Schwab U.S. Large-Cap ETF 9.9 3 57 5.4 +4.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 9.9 66 -6 2.6 +1.2
SPXN ProShares S&P 500 Ex-Financials ETF 9.9 27 33 5.1 +3.7
IWB iShares Russell 1000 ETF 9.9 15 45 5.2 +3.9
IYY iShares Dow Jones U.S. ETF 9.9 20 40 5.2 +3.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 9.8 2 58 5.4 +4.0

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 DWA Technology Momentum ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 31.1 %
Divided by: Fwd. P/BV 15.8 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 1.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.