Invesco DWA Utilities Momentum ETF
ALTAR
Score™
5.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
18.9x P/Sales
ratio
2.1x
P/BV
ratio
1.6x Div.
yield
3.4%


  • 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) $78
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 39
Wgt avg mkt cap (mns) $18,538
Large cap (>$10bn) 57.6%
Mid cap ($2-10bn) 38.4%
Small cap (<$2bn) 3.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEXTERA ENERGY GROUP 4.8 %
WEC ENERGY GROUP INC 4.6 %
XCEL ENERGY INC 4.2 %
ATMOS ENERGY CORP 4.1 %
AMERICAN WATER WORKS CO INC 3.9 %
ENTERGY CORP 3.9 %
EVERSOURCE ENERGY 3.8 %
ALLIANT ENERGY CORP 3.8 %
CMS ENERGY CORP 3.6 %
AQUA AMERICA INC 3.5 %
Total 40.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.6% -8.7% 7.7% 9.9% 7.3%

Market Correlations
versus... Beta R-squared
S&P500 0.53 31%
MSCI EAFE 0.50 27%
MSCI Emg. Mkts. 0.32 16%

Technical Indicators
Recent close $27.28
30d moving avg. $30.88
Annualized volatility 14.5%
Short interest (ETF) 0.4%
Short interest (Underlying) 2.9%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 88
Turnover 3.1%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $3,867

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™: 5.2%


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 60.3 40 20 6.8 +1.6
JHMU John Hancock Multifactor Utilities ETF 55.1 40 20 6.8 +1.6
VPU Vanguard Utilities Index Fund 51.2 10 50 6.5 +1.2
FUTY Fidelity MSCI Utilities Index ETF 49.9 8 52 6.5 +1.3
IDU iShares U.S. Utilities ETF 49.2 43 17 6.3 +1.0
XLU Utilities Select Sector SPDR Fund 47.4 13 47 6.6 +1.3
UTES Virtus Reaves Utilities ETF 37.8 49 11 5.6 +0.4
ECLN First Trust EIP Carbon Impact ETF 37.6 95 -35 4.7 -0.5
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 36.4 60 0 6.5 +1.2
JXI iShares Global Utilities ETF 34.6 46 14 6.8 +1.5
FXU First Trust Utilities AlphaDEX Fund 31.6 63 -3 7.1 +1.8
IFRA iShares U.S. Infrastructure ETF 30.7 40 20 7.9 +2.7
EMLP First Trust North American Energy Infrastructure Fund 25.3 95 -35 7.5 +2.2
LVHD Legg Mason Low Volatility High Dividend ETF 23.4 27 33 8.8 +3.6
IGF iShares Global Infrastructure ETF 21.8 46 14 6.8 +1.5
GII SPDR S&P Global Infrastructure ETF 21.8 40 20 6.8 +1.6
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 21.5 49 11 6.6 +1.3
SPLV Invesco S&P 500 Low Volatility ETF 21.5 25 35 6.8 +1.6
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 19.3 60 0 10.0 +4.7
DVY iShares Select Dividend ETF 18.9 39 21 10.9 +5.7
TPHD Timothy Plan High Dividend Stock ETF 17.3 52 8 9.6 +4.4
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 15.3 46 14 6.7 +1.4
GLIF AGFiQ Global Infrastructure ETF 15.1 45 15 6.1 +0.9
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 13.0 99 -39 4.9 -0.3
TPYP Tortoise North American Pipeline Fund 13.0 40 20 8.4 +3.2
FVD First Trust Value Line Dividend Index Fund 12.9 70 -10 8.2 +3.0
PMOM Principal Sustainable Momentum Index ETF 12.8 29 31 7.1 +1.8
VOE Vanguard Mid-Cap Value Index Fund 12.7 7 53 11.0 +5.8
INFR Legg Mason Global Infrastructure ETF 12.6 40 20 7.1 +1.8
JMIN JPMorgan U.S. Minimum Volatility ETF 12.4 12 48 7.3 +2.1
TBLU Tortoise Water Fund 12.4 40 20 6.5 +1.3
FIW First Trust Water ETF 12.4 55 5 5.2 -0.1
PHO Invesco Water Resources ETF 12.4 60 0 5.0 -0.2
XKCP SPDR Kensho Clean Power ETF 12.3 45 15 -14.7 -20.0
SMDV ProShares Russell 2000 Dividend Growers ETF 12.2 40 20 8.7 +3.5
RBUS Nationwide Risk-Based U.S. Equity ETF 11.9 30 30 7.3 +2.1
JDIV JPMorgan U.S. Dividend ETF 11.5 12 48 11.0 +5.7
CGW Invesco S&P Global Water Index ETF 11.0 62 -2 5.2 -0.0
SCIU Global X Scientific Beta US ETF 10.7 19 41 7.8 +2.5
NLR VanEck Vectors Uranium+Nuclear Energy ETF 10.5 60 0 10.5 +5.3
PEY Invesco High Yield Equity Dividend Achievers ETF 10.4 53 7 10.1 +4.8
JKI iShares Morningstar Mid-Cap Value ETF 10.2 30 30 13.6 +8.4
KLCD KFA Large Cap Quality Dividend Index ETF 10.1 41 19 6.8 +1.5
XMLV Invesco S&P MidCap Low Volatility ETF 10.1 25 35 8.4 +3.2
IWS iShares Russell Mid-Cap Value ETF 9.9 24 36 10.1 +4.9
KSCD KFA Small Cap Quality Dividend Index ETF 9.8 51 9 7.7 +2.5
BIBL Inspire ETF 9.4 35 25 6.3 +1.1
ACSI American Customer Satisfaction Core Alpha ETF 9.4 66 -6 7.5 +2.2
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 8.8 35 25 11.6 +6.4
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 8.8 15 45 9.0 +3.8
TPLC Timothy Plan US Large Cap Core ETF 8.3 52 8 7.5 +2.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 8.0 47 13 7.9 +2.7
FTA First Trust Large Cap Value AlphaDEX Fund 7.9 60 0 12.4 +7.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 7.8 19 41 8.5 +3.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 7.8 24 36 8.5 +3.3
PSCU Invesco S&P SmallCap Utilities ETF 7.7 29 31 3.5 -1.8
LSLT Salt Low truBeta US Market ETF 7.7 0 60 8.7 +3.4
USMV iShares Edge MSCI Min Vol USA ETF 7.4 15 45 6.9 +1.7
TMDV ProShares Russell US Dividend Growers ETF 7.4 35 25 6.7 +1.4
SPMO Invesco S&P 500 Momentum ETF 7.4 13 47 5.4 +0.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 7.1 20 40 7.9 +2.7
AUSF Global X Adaptive U.S. Factor ETF 7.0 27 33 10.8 +5.5
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 7.0 30 30 12.0 +6.8
VFMV Vanguard U.S. Minimum Volatility ETF 6.8 13 47 6.1 +0.8
YLCO Global X YieldCo Index ETF 6.7 65 -5 5.3 +0.0
PIO Invesco Global Water ETF 6.6 75 -15 5.3 +0.1
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF 6.5 35 25 11.6 +6.4
FAN First Trust Global Wind Energy ETF 6.5 60 0 8.0 +2.7
MXDU Nationwide Maximum Diversification US Core Equity ETF 6.5 34 26 6.8 +1.6
QLV FlexShares US Quality Low Volatility Index Fund 6.4 22 38 6.5 +1.3
ACWV iShares Edge MSCI Min Vol Global ETF 6.4 20 40 6.8 +1.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 6.3 35 25 7.7 +2.5
DEF Invesco Defensive Equity ETF 6.3 55 5 6.5 +1.3
SDY SPDR S&P Dividend ETF 6.3 35 25 8.2 +3.0
VYM Vanguard High Dividend Yield Index ETF 6.3 6 54 9.0 +3.8
DON WisdomTree U.S. MidCap Dividend Fund 6.3 38 22 11.2 +6.0
JKL iShares Morningstar Small Cap Value ETF 6.2 30 30 15.4 +10.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 6.1 20 40 9.7 +4.5
VO Vanguard Mid-Cap Index Fund 6.1 4 56 7.7 +2.5
VIG Vanguard Dividend Appreciation Index Fund 6.1 6 54 6.5 +1.2
CFA Victory CEMP US 500 Volatility Weighted Index ETF 5.9 35 25 8.2 +3.0
EQAL Invesco Russell 1000 Equal Weight ETF 5.9 20 40 7.7 +2.4
MAGA Point Bridge GOP Stock Tracker ETF 5.8 72 -12 9.5 +4.2
IWR iShares Russell Midcap ETF 5.6 19 41 8.1 +2.9
DHS WisdomTree U.S. High Dividend Fund 5.6 38 22 10.6 +5.4
FAB First Trust Multi Cap Value AlphaDEX Fund 5.4 71 -11 13.7 +8.5
XMMO Invesco S&P MidCap Momentum ETF 5.4 39 21 5.4 +0.2
NULV Nuveen ESG Large-Cap Value ETF 5.3 35 25 9.5 +4.2
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 5.3 40 20 8.2 +2.9
FVL First Trust Value Line 100 Exchange-Traded Fund 5.2 70 -10 5.6 +0.4
PFM Invesco Dividend Achievers ETF 5.2 54 6 6.5 +1.3
VONV Vanguard Russell 1000 Value Index Fund 5.1 8 52 9.4 +4.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 5.1 65 -5 4.5 -0.8
IWD iShares Russell 1000 Value ETF 5.0 19 41 9.3 +4.0
HDV iShares Core High Dividend ETF 5.0 8 52 8.3 +3.0
JKG iShares Morningstar Mid-Cap ETF 4.9 25 35 8.3 +3.1
JHMM John Hancock Multifactor Mid Cap ETF 4.8 44 16 8.4 +3.2
LGLV SPDR Russell 1000 Low Volatility ETF 4.8 12 48 7.1 +1.9
VTV Vanguard Value Index Fund 4.7 4 56 9.3 +4.0
VBR Vanguard Small Cap Value Index Fund 4.7 7 53 12.3 +7.1

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 1.6 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.71 CATEGORY
AVERAGE
1.51
 
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.