Invesco Dynamic Large Cap Growth ETF
ALTAR
Score™
3.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
32.5x P/Sales
ratio
5.1x
P/BV
ratio
8.1x Div.
yield
0.7%


  • 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) $748
Currency USD
Expense ratio 56 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) $290,017
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
ALPHABET INC. CLASS A 3.6 %
UNITEDHEALTH GROUP INC 3.5 %
THERMO FISHER SCIENTIFIC INC 3.5 %
DANAHER CORP 3.5 %
NVIDIA CORP 3.4 %
PAYPAL HOLDINGS INC 3.4 %
VISA INC-CLASS A SHARES 3.3 %
ELI LILLY & CO 3.2 %
ABBOTT LABORATORIES 3.2 %
MASTERCARD INC-CLASS A 3.1 %
Total 33.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.9 %
BRITAIN 3.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
17.2% 24.3% 14.8% 15.5% 10.2%

Market Correlations
versus... Beta R-squared
S&P500 0.95 93%
MSCI EAFE 0.94 75%
MSCI Emg. Mkts. 0.67 60%

Technical Indicators
Recent close $64.84
30d moving avg. $63.47
Annualized volatility 17.5%
Short interest (ETF) 0.4%
Short interest (Underlying) 2.5%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 52
Turnover 0.5%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $53,373

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: 56 bp ALTAR Score™: 3.2%


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
(%)
NULG Nuveen ESG Large-Cap Growth ETF 43.9 35 21 3.5 +0.3
SPMO Invesco S&P 500 Momentum ETF 43.4 13 43 3.9 +0.7
JKE iShares Morningstar Large-Cap Growth ETF 39.3 25 31 2.8 -0.4
MTUM iShares MSCI USA Momentum Factor ETF 37.7 15 41 4.0 +0.8
SCHG Schwab U.S. Large-Cap Growth ETF 35.8 4 52 3.3 +0.1
MGK Vanguard Mega Cap Growth ETF 35.7 7 49 3.8 +0.6
IWY iShares Russell Top 200 Growth ETF 35.5 20 36 3.7 +0.5
VEGN US Vegan Climate ETF 35.4 60 -4 4.7 +1.5
TECB iShares US Tech Breakthrough Multisector ETF 35.4 40 16 3.8 +0.6
HIPR Direxion High Growth ETF 34.3 40 16 4.3 +1.1
VOOG Vanguard S&P 500 Growth ETF 33.5 10 46 4.1 +0.9
IGM iShares Expanded Tech Sector ETF 33.1 46 10 3.5 +0.3
IWF iShares Russell 1000 Growth ETF 32.6 19 37 3.6 +0.4
IVW iShares S&P 500 Growth ETF 32.5 18 38 4.0 +0.8
SPYG SPDR Portfolio S&P 500 Growth ETF 32.5 4 52 4.1 +0.9
LRGE ClearBridge Large Cap Growth ESG ETF 32.2 59 -3 3.5 +0.3
GBGR Global Beta Momentum-Growth ETF 32.0 29 27 5.1 +1.9
VONG Vanguard Russell 1000 Growth Index Fund 32.0 8 48 3.7 +0.5
FDMO Fidelity Momentum Factor ETF 31.9 29 27 3.1 -0.1
IETC iShares Evolved U.S. Technology ETF 31.6 18 38 3.6 +0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 31.5 49 7 3.9 +0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 31.3 12 44 4.1 +0.9
IUSG iShares Core S&P US Growth ETF 31.3 4 52 4.1 +0.9
VUG Vanguard Growth Index Fund 31.0 4 52 3.7 +0.5
RPG Invesco S&P 500 Pure Growth ETF 31.0 35 21 4.1 +0.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 31.0 12 44 4.5 +1.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 30.9 60 -4 3.8 +0.6
XLK Technology Select Sector SPDR Fund 30.6 13 43 4.5 +1.3
CACG ClearBridge All Cap Growth ETF 30.3 54 2 4.0 +0.8
SYG SPDR MFS Systematic Growth Equity ETF 30.3 60 -4 4.0 +0.8
MMLG First Trust Multi-Manager Large Growth ETF 30.2 85 -29 2.0 -1.2
ECOZ TrueMark ESG Active Opportunities ETF 29.9 58 -2 3.2 +0.0
FQAL Fidelity Quality Factor ETF 29.2 29 27 5.1 +1.9
ESGV Vanguard ESG U.S. Stock ETF 28.9 12 44 4.7 +1.5
IYW iShares U.S. Technology ETF 28.3 43 13 3.6 +0.4
FVL First Trust Value Line 100 Exchange-Traded Fund 28.3 70 -14 4.9 +1.7
FTEC Fidelity MSCI Information Technology Index ETF 28.2 8 48 4.2 +1.0
USXF iShares ESG Advanced MSCI USA ETF 28.2 10 46 4.6 +1.4
EFIV SPDR S&P 500 ESG ETF 28.0 10 46 4.7 +1.5
SNPE Xtrackers S&P 500 ESG ETF 28.0 10 46 4.7 +1.5
VGT Vanguard Information Technology Index Fund 28.0 10 46 4.2 +1.0
JMOM JPMorgan U.S. Momentum Factor ETF 27.9 12 44 3.2 +0.0
XLG Invesco S&P 500 Top 50 ETF 27.8 20 36 4.2 +1.0
GVIP Goldman Sachs Hedge Industry VIP ETF 27.8 45 11 3.4 +0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 27.7 0 56 4.7 +1.5
QYLD Global X NASDAQ 100 Covered Call ETF 27.6 60 -4 3.3 +0.1
IWL iShares Russell Top 200 ETF 27.4 15 41 4.6 +1.4
ACIO Aptus Collared Income Opportunity ETF 27.4 79 -23 4.3 +1.1
OEF iShares S&P 100 ETF 27.4 20 36 4.5 +1.3
NUSI Nationwide Risk-Managed Income ETF 27.4 68 -12 3.5 +0.3
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 27.4 60 -4 3.3 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 27.3 27 29 4.6 +1.4
FLRG Fidelity U.S. Multifactor ETF 27.3 29 27 6.1 +2.9
ADME Aptus Drawdown Managed Equity ETF 27.2 79 -23 3.4 +0.2
IXN iShares Global Tech ETF 27.2 46 10 4.1 +0.9
MGC Vanguard Mega Cap Index Fund 27.1 7 49 4.8 +1.6
QQQM Invesco NASDAQ 100 ETF 27.1 15 41 3.7 +0.5
EXT WisdomTree U.S. Total Earnings Fund 27.1 28 28 5.2 +2.0
QQQ Invesco QQQ Trust 27.1 20 36 3.7 +0.5
SPQQ Siren Large Cap Blend Index ETF 26.9 20 36 4.4 +1.2
XNTK SPDR NYSE Technology ETF 26.8 35 21 3.2 -0.0
SUSA iShares MSCI USA ESG Select ETF 26.6 25 31 4.4 +1.2
TMFC Motley Fool 100 Index ETF 26.5 50 6 3.2 -0.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 26.3 20 36 4.6 +1.4
IQSU IQ Candriam ESG US Equity ETF 26.0 9 47 4.7 +1.5
RECS Columbia Research Enhanced Core ETF 26.0 15 41 5.2 +2.0
SPHQ Invesco S&P 500 Quality ETF 25.9 15 41 4.4 +1.2
PBP Invesco S&P 500 BuyWrite ETF 25.9 49 7 4.6 +1.4
DSI iShares MSCI KLD 400 Social ETF 25.9 25 31 4.7 +1.5
QLC FlexShares US Quality Large Cap Index Fund 25.9 32 24 4.8 +1.6
PDP Invesco DWA Momentum ETF 25.8 62 -6 1.9 -1.3
JQUA JPMorgan U.S. Quality Factor ETF 25.8 12 44 5.1 +1.9
HSPX Global X S&P 500 Covered Call ETF 25.7 60 -4 4.6 +1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 25.7 20 36 4.9 +1.7
SPXE ProShares S&P 500 Ex-Energy ETF 25.6 27 29 4.9 +1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 25.3 9 47 5.2 +2.0
SPY SPDR S&P 500 ETF Trust 25.3 9 47 4.9 +1.7
SPLG SPDR Portfolio Large Cap ETF 25.3 3 53 5.0 +1.8
XYLG Global X S&P 500 Covered Call & Growth ETF 25.3 60 -4 4.6 +1.4
IVV iShares Core S&P 500 ETF 25.3 3 53 5.0 +1.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 25.1 15 41 5.8 +2.6
VOO VANGUARD S&P 500 ETF 25.0 3 53 5.0 +1.8
WOMN Impact Shares YWCA Women's Empowerment ETF 25.0 75 -19 3.7 +0.5
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 24.9 59 -3 3.7 +0.5
AFLG First Trust Active Factor Large Cap ETF 24.9 55 1 4.9 +1.7
QUAL iShares MSCI Usa Quality Factor ETF 24.8 15 41 5.0 +1.8
FCPI Fidelity Stocks for Inflation ETF 24.5 29 27 6.0 +2.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 24.5 7 49 4.8 +1.6
CATH Global X S&P 500 Catholic Values Custom ETF 24.5 29 27 4.7 +1.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 24.4 75 -19 3.9 +0.7
ESGU iShares MSCI USA ESG Optimized ETF 24.3 15 41 4.6 +1.4
RFFC RiverFront Dynamic US Flex-Cap ETF 24.3 52 4 4.6 +1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.2 2 54 4.8 +1.6
XLV Health Care Select Sector SPDR Fund 24.1 13 43 7.2 +4.0
ANEW ProShares MSCI Transformational Changes ETF 24.1 45 11 3.1 -0.1
PBUS Invesco PureBeta MSCI USA ETF 24.0 4 52 4.8 +1.6
VV Vanguard Large-Cap Index Fund 23.9 4 52 4.8 +1.6
AIQ Global X Future Analytics Tech ETF 23.8 68 -12 3.7 +0.5
QGRO American Century STOXX U.S. Quality Growth ETF 23.8 29 27 3.1 -0.1
STLG iShares Factors US Growth Style ETF 23.8 25 31 4.1 +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 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 25.2 %
Divided by: Fwd. P/BV 6.7 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 3.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 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.