Invesco Dynamic Large Cap Growth ETF
ALTAR
Score™
4.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
23.6x P/Sales
ratio
3.4x
P/BV
ratio
6.0x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco Dynamic Large Cap Growth Portfolio ETF tracks an index that uses a multifactor selection methodology to select 50 large-cap stocks with growth characteristics.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Mar 03, 2005
Assets (mns) $551
Currency USD
Expense ratio 55 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $213,916
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NVIDIA CORP 3.9 %
MICROSOFT CORP 3.7 %
ABBOTT LABORATORIES 3.7 %
COSTCO WHOLESALE CORP 3.6 %
ADOBE SYSTEMS INC 3.5 %
NEXTERA ENERGY GROUP 3.5 %
NIKE INC -CL B 3.5 %
APPLE INC 3.4 %
VISA INC-CLASS A SHARES 3.3 %
ALPHABET INC. CLASS A 3.3 %
Total 35.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.4 %
IRELAND 1.4 %
BRITAIN 1.3 %








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.
-14.8% -7.3% 8.2% 12.4% 8.3%

Market Correlations
versus... Beta R-squared
S&P500 0.92 91%
MSCI EAFE 0.83 71%
MSCI Emg. Mkts. 0.63 61%

Technical Indicators
Recent close $42.73
30d moving avg. $45.74
Annualized volatility 14.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.5%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 172
Turnover 1.3%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $100,245

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PWB Expense: 55 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PWB
Ticker Fund
Name
Overlap1
vs PWB
(%)
Expense
ratio
(bp)
Savings
vs PWB
(bp)
ALTAR
Score™
(%)
ALTAR
vs PWB
(%)
JKE iShares Morningstar Large-Cap Growth ETF 44.2 25 30 4.7 +0.1
FDMO Fidelity Momentum Factor ETF 36.8 29 26 5.5 +0.9
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 36.4 29 26 5.6 +1.0
MGK Vanguard Mega Cap Growth ETF 36.1 7 48 5.6 +1.0
IWY iShares Russell Top 200 Growth ETF 35.6 20 35 5.5 +0.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 34.8 15 40 5.7 +1.1
NULG Nuveen ESG Large-Cap Growth ETF 34.7 35 20 4.8 +0.1
VOOG Vanguard S&P 500 Growth ETF 34.6 10 45 5.7 +1.1
SPYG SPDR Portfolio S&P 500 Growth ETF 34.6 4 51 5.8 +1.1
IVW iShares S&P 500 Growth ETF 34.6 18 37 5.6 +1.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 34.0 12 43 6.3 +1.7
VUG Vanguard Growth Index Fund 33.9 4 51 5.5 +0.9
IUSG iShares Core S&P US Growth ETF 33.1 4 51 5.8 +1.2
IWF iShares Russell 1000 Growth ETF 33.0 19 36 5.7 +1.0
VONG Vanguard Russell 1000 Growth Index Fund 33.0 8 47 5.8 +1.1
SCHG Schwab U.S. Large-Cap Growth ETF 32.4 4 51 5.6 +1.0
TECB iShares US Tech Breakthrough Multisector ETF 31.6 40 15 5.4 +0.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 31.4 15 40 6.9 +2.3
ADME Aptus Drawdown Managed Equity ETF 31.1 81 -26 5.4 +0.7
IGM iShares North American Tech ETF 31.1 46 9 5.3 +0.7
RPG Invesco S&P 500 Pure Growth ETF 30.7 35 20 6.5 +1.8
FQAL Fidelity Quality Factor ETF 30.3 29 26 7.0 +2.4
IETC iShares Evolved U.S. Technology ETF 29.8 18 37 5.4 +0.8
SPMO Invesco S&P 500 Momentum ETF 29.8 13 42 5.3 +0.6
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 29.7 75 -20 4.1 -0.5
LRGE ClearBridge Large Cap Growth ESG ETF 29.5 60 -5 5.4 +0.8
VEGN US Vegan Climate ETF 29.5 60 -5 7.1 +2.5
QUAL iShares MSCI Usa Quality Factor ETF 29.2 15 40 6.9 +2.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 28.9 49 6 5.5 +0.8
JOYY Infusive Compounding Global Equities ETF 28.9 50 5 5.1 +0.4
JQUA JPMorgan U.S. Quality Factor ETF 28.8 12 43 6.6 +2.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 28.7 60 -5 6.0 +1.3
JMOM JPMorgan U.S. Momentum Factor ETF 28.3 12 43 5.2 +0.5
VIG Vanguard Dividend Appreciation Index Fund 28.0 6 49 6.3 +1.7
XLG Invesco S&P 500 Top 50 ETF 27.9 20 35 5.9 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 27.8 29 26 7.0 +2.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 27.7 12 43 6.7 +2.1
XLK Technology Select Sector SPDR Fund 27.7 13 42 6.3 +1.7
SPXN ProShares S&P 500 Ex-Financials ETF 27.6 27 28 6.6 +2.0
QGRO American Century STOXX U.S. Quality Growth ETF 27.4 29 26 4.5 -0.1
OEF iShares S&P 100 ETF 27.4 20 35 6.3 +1.7
IWL iShares Russell Top 200 ETF 27.3 15 40 6.6 +2.0
ACIO Aptus Collared Income Opportunity ETF 27.3 79 -24 6.6 +2.0
MGC Vanguard Mega Cap Index Fund 27.2 7 48 6.8 +2.2
IQSU IQ Candriam ESG US Equity ETF 27.2 9 46 6.7 +2.1
FTCS First Trust Capital Strength ETF 27.2 60 -5 6.1 +1.5
HSPX Global X S&P 500 Covered Call ETF 27.1 65 -10 6.2 +1.5
QYLD Global X NASDAQ 100 Covered Call ETF 27.0 60 -5 4.9 +0.2
FDLO Fidelity Low Volatility Factor ETF 27.0 29 26 6.5 +1.9
TTAC TrimTabs Float Shrink ETF 26.9 59 -4 5.2 +0.5
GARD Reality Shares DIVCON Dividend Guard ETF 26.9 129 -74 4.7 +0.0
DSI iShares MSCI KLD 400 Social ETF 26.8 25 30 6.7 +2.1
PBP Invesco S&P 500 BuyWrite ETF 26.8 49 6 6.5 +1.9
LEAD Reality Shares DIVCON Leaders Dividend ETF 26.7 43 12 5.7 +1.0
CACG ClearBridge All Cap Growth ETF 26.5 54 1 5.7 +1.0
NUSI Nationwide Risk-Managed Income ETF 26.5 68 -13 4.8 +0.2
TMFC Motley Fool 100 Index ETF 26.5 50 5 5.1 +0.4
ESGU iShares MSCI USA ESG Optimized ETF 26.2 15 40 6.7 +2.0
QQQ Invesco QQQ Trust 26.2 20 35 5.4 +0.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 26.1 75 -20 5.0 +0.3
NULC Nuveen ESG Large-Cap ETF 26.1 20 35 6.9 +2.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 26.0 20 35 6.6 +2.0
FTEC Fidelity MSCI Information Technology Index ETF 26.0 8 47 6.2 +1.6
VGT Vanguard Information Technology Index Fund 26.0 10 45 6.2 +1.6
SFY SoFi Select 500 ETF 26.0 0 55 6.7 +2.1
SPXE ProShares S&P 500 Ex-Energy ETF 25.8 27 28 7.0 +2.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 25.8 20 35 7.1 +2.5
QUS SPDR MSCI USA StrategicFactors ETF 25.8 15 40 7.3 +2.6
AUSF Global X Adaptive U.S. Factor ETF 25.6 27 28 10.5 +5.8
PDP Invesco DWA Momentum ETF 25.6 62 -7 4.4 -0.2
SPY SPDR S&P 500 ETF Trust 25.4 9 46 7.1 +2.4
VOO VANGUARD S&P 500 ETF 25.3 3 52 7.1 +2.5
SPLG SPDR Portfolio Large Cap ETF 25.3 3 52 7.1 +2.5
IVV iShares Core S&P 500 ETF 25.3 4 51 7.1 +2.5
VV Vanguard Large-Cap Index Fund 25.2 4 51 7.0 +2.3
IXN iShares Global Tech ETF 25.2 46 9 6.2 +1.5
ALFA AlphaClone Alternative Alpha ETF 25.1 65 -10 5.6 +0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 24.9 27 28 6.8 +2.2
DFND Reality Shares DIVCON Dividend Defender ETF 24.9 121 -66 4.8 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.8 2 53 7.1 +2.4
ESGV Vanguard ESG U.S. Stock ETF 24.8 12 43 7.0 +2.3
SNPE Xtrackers S&P 500 ESG ETF 24.8 11 44 6.8 +2.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.7 9 46 7.3 +2.7
XNTK SPDR Morgan Stanley Technology ETF 24.7 35 20 5.4 +0.8
PBUS Invesco PureBeta MSCI USA ETF 24.5 4 51 7.2 +2.5
EXT WisdomTree U.S. Total Earnings Fund 24.4 28 27 7.7 +3.0
PFM Invesco Dividend Achievers ETF 24.4 54 1 6.4 +1.8
SUSL iShares ESG MSCI USA Leaders ETF 24.4 10 45 6.9 +2.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.3 30 25 8.1 +3.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 24.3 10 45 6.9 +2.3
SCHX Schwab U.S. Large-Cap ETF 24.3 3 52 7.0 +2.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 24.3 19 36 7.6 +2.9
IYW iShares U.S. Technology ETF 24.2 42 13 5.6 +1.0
VONE Vanguard Russell 1000 ETF 24.0 8 47 7.0 +2.4
SPTM SPDR Portfolio Total Stock Market ETF 23.9 3 52 7.3 +2.6
NACP Impact Shares NAACP Minority Empowerment ETF 23.9 75 -20 6.2 +1.6
IWB iShares Russell 1000 ETF 23.9 15 40 7.0 +2.3
FLLV Franklin Liberty U.S. Low Volatility ETF 23.8 29 26 7.1 +2.4
SCHK Schwab 1000 Index ETF 23.8 5 50 7.0 +2.4
FCPI Fidelity Stocks for Inflation ETF 23.7 29 26 9.2 +4.6

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 Dynamic Large Cap Growth 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 29.3 %
Divided by: Fwd. P/BV 5.6 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.34 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.