Invesco DWA Utilities Momentum ETF
ALTAR
Score™
4.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.0x P/Sales
ratio
2.4x
P/BV
ratio
1.7x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Dynamic Utilities Portfolio seeks investment results that correspond to the price and yield of the Dynamic Utilities Intellidex Index, which evaluates companies based on a variety o

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Oct 26, 2005
Assets (mns) $76
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Momentum
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 38
Wgt avg mkt cap (mns) $20,144
Large cap (>$10bn) 62.9%
Mid cap ($2-10bn) 34.4%
Small cap (<$2bn) 2.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ALLIANT ENERGY CORP 3.8 %
CMS ENERGY CORP 3.7 %
SEMPRA ENERGY 3.7 %
NEXTERA ENERGY GROUP 3.6 %
WEC ENERGY GROUP INC 3.6 %
DTE ENERGY COMPANY 3.5 %
AMERICAN WATER WORKS CO INC 3.4 %
ENTERGY CORP 3.3 %
XCEL ENERGY INC 3.3 %
AMERICAN ELECTRIC POWER 3.2 %
Total 35.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %










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.
-13.5% -7.6% 10.1% 10.8% 7.3%

Market Correlations
versus... Beta R-squared
S&P500 0.49 31%
MSCI EAFE 0.48 25%
MSCI Emg. Mkts. 0.28 13%

Technical Indicators
Recent close $29.72
30d moving avg. $30.32
Annualized volatility 15.1%
Short interest (ETF) 0.5%
Short interest (Underlying) 2.9%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.9%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $5,165

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PUI Expense: 60 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PUI
Ticker Fund
Name
Overlap1
vs PUI
(%)
Expense
ratio
(bp)
Savings
vs PUI
(bp)
ALTAR
Score™
(%)
ALTAR
vs PUI
(%)
RYU Invesco S&P 500 Equal Weight Utilities ETF 61.4 40 20 6.3 +1.5
JHMU John Hancock Multifactor Utilities ETF 58.5 40 20 6.1 +1.3
FUTY Fidelity MSCI Utilities Index ETF 51.0 8 52 5.9 +1.1
VPU Vanguard Utilities Index Fund 51.0 10 50 5.9 +1.1
IDU iShares U.S. Utilities ETF 50.7 43 17 5.6 +0.9
FXU First Trust Utilities AlphaDEX Fund 50.0 63 -3 6.3 +1.6
XLU Utilities Select Sector SPDR Fund 48.0 13 47 5.9 +1.1
UTES Virtus Reaves Utilities ETF 39.0 49 11 4.7 -0.1
ECLN First Trust EIP Carbon Impact ETF 36.6 96 -36 3.8 -1.0
JXI iShares Global Utilities ETF 34.8 46 14 6.0 +1.2
IFRA iShares U.S. Infrastructure ETF 26.5 40 20 6.1 +1.4
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 25.6 75 -15 6.0 +1.2
EMLP First Trust North American Energy Infrastructure Fund 25.6 96 -36 5.9 +1.1
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 22.4 60 0 5.5 +0.7
GII SPDR S&P Global Infrastructure ETF 19.5 40 20 5.5 +0.8
IGF iShares Global Infrastructure ETF 19.4 46 14 5.5 +0.7
TPHD Timothy Plan High Dividend Stock ETF 17.4 52 8 7.8 +3.0
DVY iShares Select Dividend ETF 15.1 39 21 9.7 +5.0
GLIF AGFiQ Global Infrastructure ETF 14.6 45 15 5.4 +0.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 14.4 46 14 5.5 +0.8
FVD First Trust Value Line Dividend Index Fund 14.0 70 -10 6.4 +1.7
NLR VanEck Vectors Uranium+Nuclear Energy ETF 13.3 61 -1 9.1 +4.3
INFR Legg Mason Global Infrastructure ETF 12.4 40 20 6.3 +1.5
JMIN JPMorgan U.S. Minimum Volatility ETF 12.3 12 48 5.9 +1.2
LVHD Legg Mason Low Volatility High Dividend ETF 12.1 27 33 8.9 +4.2
TPYP Tortoise North American Pipeline Fund 12.0 40 20 6.2 +1.5
LSLT Salt Low truBeta US Market ETF 11.7 29 31 6.1 +1.3
FIW First Trust Water ETF 11.3 55 5 3.9 -0.9
VOE Vanguard Mid-Cap Value Index Fund 11.3 7 53 8.0 +3.3
JDIV JPMorgan U.S. Dividend ETF 11.2 12 48 8.0 +3.2
PHO Invesco Water Resources ETF 10.9 60 0 3.7 -1.1
TBLU Tortoise Water Fund 10.8 40 20 5.0 +0.2
CZA Invesco Zacks Mid-Cap ETF 10.4 76 -16 6.3 +1.6
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 9.4 35 25 8.7 +3.9
KLCD KFA Large Cap Quality Dividend Index ETF 9.4 41 19 5.4 +0.6
BIBL Inspire ETF 9.2 35 25 4.9 +0.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 9.2 47 13 6.5 +1.8
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 9.1 15 45 6.9 +2.2
CGW Invesco S&P Global Water Index ETF 9.1 59 1 4.4 -0.4
DVLU First Trust Dorsey Wright Momentum & Value ETF 8.8 60 0 5.9 +1.1
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 8.3 30 30 9.9 +5.1
SCIU Global X Scientific Beta US ETF 8.2 19 41 5.8 +1.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 8.0 18 42 6.3 +1.5
JKI iShares Morningstar Mid-Cap Value ETF 7.7 30 30 9.3 +4.6
ACSI American Customer Satisfaction Core Alpha ETF 7.4 66 -6 5.8 +1.0
KSCD KFA Small Cap Quality Dividend Index ETF 7.3 51 9 6.7 +1.9
MAGA Point Bridge GOP Stock Tracker ETF 7.3 72 -12 6.6 +1.9
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 7.3 35 25 8.7 +3.9
XKCP SPDR Kensho Clean Power ETF 7.2 45 15 0.3 -4.5
USMV iShares Edge MSCI Min Vol USA ETF 7.2 15 45 5.6 +0.8
SMDV ProShares Russell 2000 Dividend Growers ETF 7.2 40 20 7.7 +3.0
PWV Invesco Dynamic Large Cap Value ETF 7.0 55 5 8.9 +4.1
QLV FlexShares US Quality Low Volatility Index Fund 7.0 22 38 4.9 +0.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 6.9 24 36 6.3 +1.5
VFMV Vanguard U.S. Minimum Volatility ETF 6.8 13 47 4.0 -0.8
IWS iShares Russell Mid-Cap Value ETF 6.8 24 36 7.4 +2.6
TMDV ProShares Russell US Dividend Growers ETF 6.7 35 25 5.4 +0.6
VYM Vanguard High Dividend Yield Index ETF 6.7 6 54 7.4 +2.6
HDV iShares Core High Dividend ETF 6.7 8 52 6.8 +2.0
SPMO Invesco S&P 500 Momentum ETF 6.6 13 47 4.4 -0.4
EQAL Invesco Russell 1000 Equal Weight ETF 6.6 20 40 5.8 +1.0
FTA First Trust Large Cap Value AlphaDEX Fund 6.4 60 0 9.4 +4.6
ACWV iShares Edge MSCI Min Vol Global ETF 6.4 20 40 5.7 +0.9
SPVM Invesco S&P 500 Value with Momentum ETF 6.3 39 21 9.2 +4.4
PEY Invesco High Yield Equity Dividend Achievers ETF 6.3 53 7 9.3 +4.5
SPDV AAM S&P 500 High Dividend Value ETF 6.2 29 31 11.1 +6.3
DON WisdomTree U.S. MidCap Dividend Fund 6.2 38 22 7.8 +3.1
DHS WisdomTree U.S. High Dividend Fund 6.1 38 22 8.7 +4.0
TPLC Timothy Plan US Large Cap Core ETF 6.1 52 8 5.6 +0.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 6.0 35 25 5.4 +0.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 5.8 20 40 7.2 +2.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 5.8 35 25 6.0 +1.2
YLCO Global X YieldCo Index ETF 5.6 65 -5 4.6 -0.2
DURA VanEck Vectors Morningstar Durable Dividend ETF 5.6 29 31 7.3 +2.5
PFM Invesco Dividend Achievers ETF 5.5 54 6 5.5 +0.7
ESGS Columbia Sustainable U.S. Equity Income ETF 5.5 35 25 8.6 +3.8
FDL First Trust Morningstar Dividend Leaders Index Fund 5.4 45 15 10.3 +5.5
LGLV SPDR Russell 1000 Low Volatility ETF 5.4 12 48 5.8 +1.0
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 5.4 20 40 4.8 +0.1
VONV Vanguard Russell 1000 Value Index Fund 5.3 8 52 7.4 +2.6
FAN First Trust Global Wind Energy ETF 5.3 62 -2 6.0 +1.2
SDOG ALPS Sector Dividend Dogs ETF 5.3 40 20 10.5 +5.7
PSCU Invesco S&P SmallCap Utilities ETF 5.3 29 31 3.4 -1.4
RBUS Nationwide Risk-Based U.S. Equity ETF 5.3 30 30 5.1 +0.3
VO Vanguard Mid-Cap Index Fund 5.2 4 56 5.5 +0.7
PIO Invesco Global Water ETF 5.2 75 -15 4.0 -0.8
NULV Nuveen ESG Large-Cap Value ETF 5.1 35 25 7.4 +2.6
VTV Vanguard Value Index Fund 5.1 4 56 7.5 +2.7
FLV American Century Focused Large Cap Value ETF 5.0 42 18 6.7 +1.9
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 5.0 40 20 6.3 +1.5
PSET Principal Price Setters Index ETF 4.9 29 31 4.6 -0.1
IVE iShares S&P 500 Value ETF 4.9 18 42 7.3 +2.5
SPYV SPDR Portfolio S&P 500 Value ETF 4.9 4 56 7.5 +2.7
VOOV Vanguard S&P 500 Value ETF 4.8 15 45 7.4 +2.6
IUSV iShares Core S&P U.S. Value ETF 4.8 4 56 7.6 +2.8
SPMV Invesco S&P 500 Minimum Variance ETF 4.8 10 50 5.9 +1.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 4.7 38 22 8.1 +3.3
FLQL Franklin LibertyQ U.S. Equity ETF 4.7 15 45 6.3 +1.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 4.6 17 43 6.5 +1.7
SPLV Invesco S&P 500 Low Volatility ETF 4.6 25 35 5.7 +0.9

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 DWA Utilities Momentum 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 9.1 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.69 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.