Invesco DWA Technology Momentum ETF
ALTAR
Score™
-0.8% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
1,105.8x P/Sales
ratio
10.2x
P/BV
ratio
31.4x Div.
yield
0.1%


  • 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) $309
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) $182,645
Large cap (>$10bn) 68.1%
Mid cap ($2-10bn) 17.4%
Small cap (<$2bn) 6.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FIVE9 INC 5.1 %
APPLE INC 4.7 %
ENPHASE ENERGY INC 4.4 %
NVIDIA CORP 4.3 %
MONOLITHIC POWER SYSTEMS INC 4.0 %
TRADE DESK, INC. CLASS A 3.5 %
DIGITAL TURBINE, INC. 3.5 %
PINTEREST, INC. CLASS A 3.5 %
HUBSPOT INC 3.3 %
EPAM SYSTEMS INC 3.2 %
Total 39.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
67.6% 70.5% 25.5% 18.4% 12.4%

Market Correlations
versus... Beta R-squared
S&P500 1.11 60%
MSCI EAFE 0.99 46%
MSCI Emg. Mkts. 0.79 37%

Technical Indicators
Recent close $129.47
30d moving avg. $119.12
Annualized volatility 26.9%
Short interest (ETF) 0.5%
Short interest (Underlying) 6.6%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 26
Turnover 1.1%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $42,000

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: -0.8%


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
(%)
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 27.7 99 -39 1.5 +2.3
FXL First Trust Technology AlphaDEX Fund 26.4 61 -1 3.7 +4.5
XITK SPDR FactSet Innovative Technology ETF 24.2 45 15 0.5 +1.3
PDP Invesco DWA Momentum ETF 23.1 62 -2 2.0 +2.8
TECB iShares US Tech Breakthrough Multisector ETF 23.0 40 20 3.9 +4.7
JHMT John Hancock Multifactor Technology ETF 22.4 40 20 4.4 +5.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 21.7 75 -15 2.4 +3.2
IYW iShares U.S. Technology ETF 21.6 43 17 3.7 +4.5
FFTY Innovator IBD 50 ETF 20.6 80 -20 3.8 +4.7
QGRO American Century STOXX U.S. Quality Growth ETF 20.5 29 31 3.1 +4.0
FTEC Fidelity MSCI Information Technology Index ETF 20.3 8 52 4.2 +5.0
VGT Vanguard Information Technology Index Fund 20.2 10 50 4.2 +5.0
IGV iShares Expanded Tech-Software ETF 20.1 46 14 2.2 +3.0
FDMO Fidelity Momentum Factor ETF 19.5 29 31 3.2 +4.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 19.5 75 -15 4.0 +4.8
IETC iShares Evolved U.S. Technology ETF 19.1 18 42 3.6 +4.4
ENTR Entrepreneur 30 Fund 19.1 49 11 1.0 +1.8
XNTK SPDR NYSE Technology ETF 19.0 35 25 3.2 +4.0
IGM iShares Expanded Tech Sector ETF 19.0 46 14 3.6 +4.4
MTUM iShares MSCI USA Momentum Factor ETF 18.9 15 45 4.0 +4.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 18.8 65 -5 2.5 +3.3
LRNZ TrueMark Technology, AI & Deep Learning ETF 18.7 68 -8 0.1 +0.9
GVIP Goldman Sachs Hedge Industry VIP ETF 18.6 45 15 3.5 +4.3
SYG SPDR MFS Systematic Growth Equity ETF 18.6 60 0 4.1 +4.9
AIQ Global X Future Analytics Tech ETF 18.5 68 -8 3.8 +4.6
ECOZ TrueMark ESG Active Opportunities ETF 18.1 58 2 3.3 +4.1
XLK Technology Select Sector SPDR Fund 17.8 13 47 4.5 +5.3
WUGI Esoterica NextG Economy ETF 17.7 75 -15 1.3 +2.1
SKYY First Trust Cloud Computing ETF 17.5 60 0 2.0 +2.8
SFYF SoFi 50 ETF 17.3 29 31 1.0 +1.8
OGIG O'Shares Global Internet Giants ETF 17.3 48 12 0.7 +1.5
PWB Invesco Dynamic Large Cap Growth ETF 17.2 56 4 3.3 +4.1
FMK First Trust Mega Cap AlphaDEX Fund 17.0 70 -10 4.8 +5.6
SPMO Invesco S&P 500 Momentum ETF 16.9 13 47 4.0 +4.8
FTC First Trust Large Cap Growth AlphaDEX Fund 16.7 61 -1 2.4 +3.2
VEGN US Vegan Climate ETF 16.4 60 0 4.7 +5.5
WOMN Impact Shares YWCA Women's Empowerment ETF 16.3 75 -15 3.9 +4.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 16.2 57 3 4.6 +5.4
IXN iShares Global Tech ETF 16.1 46 14 4.1 +5.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 16.0 49 11 1.1 +1.9
MMLG First Trust Multi-Manager Large Growth ETF 15.7 85 -25 2.0 +2.9
AIEQ AI Powered Equity ETF 15.5 87 -27 1.9 +2.7
LRGE ClearBridge Large Cap Growth ESG ETF 15.5 59 1 3.6 +4.4
RFFC RiverFront Dynamic US Flex-Cap ETF 15.4 52 8 4.7 +5.5
SCHG Schwab U.S. Large-Cap Growth ETF 15.3 4 56 3.4 +4.2
MGK Vanguard Mega Cap Growth ETF 14.7 7 53 3.9 +4.7
PSI Invesco Dynamic Semiconductors ETF 14.7 57 3 4.1 +4.9
SLT Pacer Salt High TruBeta US Market ETF 14.7 60 0 3.1 +3.9
JKH iShares Morningstar Mid-Cap Growth ETF 14.6 30 30 1.9 +2.7
BOSS Global X Founder-Run Companies ETF 14.5 45 15 3.0 +3.8
IWF iShares Russell 1000 Growth ETF 14.5 19 41 3.6 +4.4
ARKW ARK Web x.0 ETF 14.4 76 -16 -0.8 +0.0
TMFC Motley Fool 100 Index ETF 14.4 50 10 3.2 +4.0
THNQ ROBO Global Artificial Intelligence ETF 14.3 68 -8 1.5 +2.3
VONG Vanguard Russell 1000 Growth Index Fund 14.3 8 52 3.8 +4.6
IWY iShares Russell Top 200 Growth ETF 14.3 20 40 3.8 +4.6
JMOM JPMorgan U.S. Momentum Factor ETF 14.2 12 48 3.2 +4.1
STLG iShares Factors US Growth Style ETF 14.1 25 35 4.2 +5.0
JKE iShares Morningstar Large-Cap Growth ETF 13.9 25 35 2.9 +3.7
XSW SPDR S&P Software & Services ETF 13.9 35 25 4.1 +4.9
VUG Vanguard Growth Index Fund 13.9 4 56 3.7 +4.5
HIPR Direxion High Growth ETF 13.8 40 20 4.4 +5.2
ARKF ARK Fintech Innovation ETF 13.6 75 -15 0.3 +1.1
SPHQ Invesco S&P 500 Quality ETF 13.5 15 45 4.4 +5.2
GBGR Global Beta Momentum-Growth ETF 13.5 29 31 5.1 +5.9
SFY SoFi Select 500 ETF 13.5 0 60 4.8 +5.6
QYLD Global X NASDAQ 100 Covered Call ETF 13.4 60 0 3.4 +4.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 13.3 49 11 3.9 +4.7
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 13.3 60 0 3.4 +4.2
QQQM Invesco NASDAQ 100 ETF 13.1 15 45 3.8 +4.6
QQQ Invesco QQQ Trust 13.1 20 40 3.7 +4.5
NUSI Nationwide Risk-Managed Income ETF 13.1 68 -8 3.6 +4.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 12.7 12 48 4.2 +5.0
BFTR Future Innovators ETF 12.5 80 -20 -0.1 +0.7
VOOG Vanguard S&P 500 Growth ETF 12.5 10 50 4.1 +4.9
SUSA iShares MSCI USA ESG Select ETF 12.5 25 35 4.5 +5.3
NULG Nuveen ESG Large-Cap Growth ETF 12.4 35 25 3.6 +4.4
KOIN Innovation Shares NextGen Protocol ETF 12.4 95 -35 4.1 +4.9
VFMO Vanguard U.S. Momentum Factor ETF 12.3 13 47 0.3 +1.1
FTXL First Trust Nasdaq Semiconductor ETF 12.3 60 0 3.9 +4.7
IVW iShares S&P 500 Growth ETF 12.3 18 42 4.1 +4.9
SPYG SPDR Portfolio S&P 500 Growth ETF 12.3 4 56 4.2 +5.0
ESGV Vanguard ESG U.S. Stock ETF 12.1 12 48 4.7 +5.5
IUSG iShares Core S&P US Growth ETF 12.1 4 56 4.2 +5.0
FDN First Trust Dow Jones Internet Index Fund 12.1 52 8 1.8 +2.6
WCLD WisdomTree Cloud Computing Fund 12.1 45 15 7.8 +8.6
ANEW ProShares MSCI Transformational Changes ETF 12.0 45 15 3.1 +3.9
IQM Franklin Intelligent Machines ETF 12.0 50 10 1.6 +2.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 12.0 21 39 2.9 +3.7
CACG ClearBridge All Cap Growth ETF 11.8 54 6 4.1 +4.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 11.6 52 8 5.1 +5.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 11.5 9 51 5.3 +6.1
XLG Invesco S&P 500 Top 50 ETF 11.5 20 40 4.3 +5.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 11.4 60 0 3.8 +4.6
QTUM Defiance Quantum ETF 11.3 40 20 4.9 +5.8
IQSU IQ Candriam ESG US Equity ETF 11.2 9 51 4.8 +5.6
ALFA AlphaClone Alternative Alpha ETF 11.2 65 -5 -0.5 +0.3
ESG FlexShares STOXX US ESG Impact Index Fund 11.1 32 28 4.8 +5.6
IWL iShares Russell Top 200 ETF 11.1 15 45 4.6 +5.4

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 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 -5.4 %
Divided by: Fwd. P/BV 26.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score -0.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 CATEGORY
AVERAGE
1.49
 
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.