Invesco Dynamic Large Cap Growth ETF
ALTAR
Score™
3.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
33.3x P/Sales
ratio
4.5x
P/BV
ratio
8.6x 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) $689
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 51
Wgt avg mkt cap (mns) $263,460
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
ADOBE SYSTEMS INC 3.7 %
APPLE INC 3.6 %
MICROSOFT CORP 3.6 %
NVIDIA CORP 3.5 %
ELI LILLY & CO 3.4 %
ACCENTURE PLC-CL A 3.3 %
THERMO FISHER SCIENTIFIC INC 3.3 %
SALESFORCE.COM INC 3.3 %
ALPHABET INC. CLASS A 3.2 %
FACEBOOK 3.2 %
Total 34.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
IRELAND 3.4 %
BRITAIN 1.5 %








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.
6.8% 13.7% 13.1% 16.5% 9.7%

Market Correlations
versus... Beta R-squared
S&P500 0.93 92%
MSCI EAFE 0.90 74%
MSCI Emg. Mkts. 0.66 62%

Technical Indicators
Recent close $56.27
30d moving avg. $53.59
Annualized volatility 16.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.5%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 48
Turnover 0.4%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $77,690

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™: 3.3%


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 46.7 35 20 3.5 +0.2
JKE iShares Morningstar Large-Cap Growth ETF 39.4 25 30 2.8 -0.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 37.7 15 40 4.1 +0.8
SPMO Invesco S&P 500 Momentum ETF 35.9 13 42 4.4 +1.0
IWY iShares Russell Top 200 Growth ETF 35.1 20 35 4.1 +0.7
ECOZ TrueMark ESG Active Opportunities ETF 34.8 58 -3 4.3 +0.9
MGK Vanguard Mega Cap Growth ETF 34.4 7 48 4.1 +0.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 33.6 12 43 4.8 +1.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 33.5 75 -20 2.0 -1.3
TECB iShares US Tech Breakthrough Multisector ETF 33.2 40 15 4.0 +0.6
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 33.0 59 -4 3.6 +0.2
IWF iShares Russell 1000 Growth ETF 32.7 19 36 4.1 +0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 32.4 49 6 4.1 +0.7
VUG Vanguard Growth Index Fund 32.3 4 51 4.0 +0.6
SCHG Schwab U.S. Large-Cap Growth ETF 31.9 4 51 4.1 +0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 31.8 4 51 4.3 +0.9
IVW iShares S&P 500 Growth ETF 31.7 18 37 4.1 +0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 31.6 60 -5 4.3 +1.0
VOOG Vanguard S&P 500 Growth ETF 31.6 10 45 4.2 +0.9
FDMO Fidelity Momentum Factor ETF 30.7 29 26 3.8 +0.5
FQAL Fidelity Quality Factor ETF 30.7 29 26 5.4 +2.1
IUSG iShares Core S&P US Growth ETF 30.6 4 51 4.3 +1.0
VONG Vanguard Russell 1000 Growth Index Fund 30.5 8 47 4.2 +0.9
SUSA iShares MSCI USA ESG Select ETF 30.2 25 30 4.8 +1.4
IGM iShares Expanded Tech Sector ETF 29.9 46 9 3.7 +0.4
JQUA JPMorgan U.S. Quality Factor ETF 29.8 12 43 5.2 +1.9
HIPR Direxion High Growth ETF 29.7 40 15 2.8 -0.5
VEGN US Vegan Climate ETF 29.5 60 -5 5.1 +1.8
LRGE ClearBridge Large Cap Growth ESG ETF 29.5 59 -4 3.8 +0.4
NUSI Nationwide Risk-Managed Income ETF 29.0 68 -13 3.4 +0.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 28.9 75 -20 3.8 +0.4
QYLD Global X NASDAQ 100 Covered Call ETF 28.9 60 -5 3.5 +0.1
ACIO Aptus Collared Income Opportunity ETF 28.8 79 -24 4.3 +1.0
IETC iShares Evolved U.S. Technology ETF 28.5 18 37 3.8 +0.4
IYW iShares U.S. Technology ETF 28.5 42 13 4.0 +0.6
QQQ Invesco QQQ Trust 28.5 20 35 3.8 +0.4
RPG Invesco S&P 500 Pure Growth ETF 28.4 35 20 4.3 +1.0
XNTK SPDR NYSE Technology ETF 27.9 35 20 3.6 +0.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 27.7 59 -4 4.1 +0.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 27.7 35 20 4.3 +1.0
XLG Invesco S&P 500 Top 50 ETF 27.5 20 35 4.4 +1.1
SNPE Xtrackers S&P 500 ESG ETF 27.1 11 44 5.1 +1.7
SYG SPDR MFS Systematic Growth Equity ETF 27.1 60 -5 4.3 +0.9
XLK Technology Select Sector SPDR Fund 26.9 13 42 4.7 +1.3
IWL iShares Russell Top 200 ETF 26.7 15 40 5.0 +1.7
QUAL iShares MSCI Usa Quality Factor ETF 26.7 15 40 5.4 +2.0
SPXN ProShares S&P 500 Ex-Financials ETF 26.7 27 28 4.9 +1.6
BKLC BNY Mellon US Large Cap Core Equity ETF 26.5 0 55 5.2 +1.9
CATH Global X S&P 500 Catholic Values Custom ETF 26.3 29 26 5.2 +1.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 26.3 19 36 5.6 +2.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 26.3 12 43 4.9 +1.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.2 9 46 5.5 +2.2
EXT WisdomTree U.S. Total Earnings Fund 26.2 28 27 5.2 +1.9
OEF iShares S&P 100 ETF 26.2 20 35 4.7 +1.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 26.2 57 -2 4.8 +1.5
JMOM JPMorgan U.S. Momentum Factor ETF 26.0 12 43 3.8 +0.5
FTCS First Trust Capital Strength ETF 25.9 58 -3 4.9 +1.5
FVL First Trust Value Line 100 Exchange-Traded Fund 25.9 70 -15 5.1 +1.8
KRMA Global X Conscious Companies ETF 25.8 43 12 5.2 +1.8
CACG ClearBridge All Cap Growth ETF 25.7 54 1 4.3 +1.0
MGC Vanguard Mega Cap Index Fund 25.6 7 48 5.2 +1.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 25.6 20 35 4.9 +1.6
IQSU IQ Candriam ESG US Equity ETF 25.6 9 46 5.0 +1.7
RECS Columbia Research Enhanced Core ETF 25.5 15 40 5.6 +2.3
DSI iShares MSCI KLD 400 Social ETF 25.5 25 30 5.1 +1.7
SPHQ Invesco S&P 500 Quality ETF 25.5 15 40 4.6 +1.2
SPXE ProShares S&P 500 Ex-Energy ETF 25.2 27 28 5.3 +1.9
AIQ Global X Future Analytics Tech ETF 25.2 68 -13 3.8 +0.5
QGRO American Century STOXX U.S. Quality Growth ETF 25.1 29 26 3.1 -0.2
FTC First Trust Large Cap Growth AlphaDEX Fund 25.1 61 -6 2.9 -0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 25.1 20 35 5.3 +2.0
PBP Invesco S&P 500 BuyWrite ETF 25.0 49 6 5.0 +1.7
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 24.8 49 6 5.1 +1.8
FTEC Fidelity MSCI Information Technology Index ETF 24.8 8 47 4.5 +1.2
SPY SPDR S&P 500 ETF Trust 24.7 9 46 5.3 +2.0
HSPX Global X S&P 500 Covered Call ETF 24.7 65 -10 4.8 +1.5
SPLG SPDR Portfolio Large Cap ETF 24.7 3 52 5.4 +2.0
IVV iShares Core S&P 500 ETF 24.7 4 51 5.4 +2.0
VGT Vanguard Information Technology Index Fund 24.6 10 45 4.5 +1.2
ESGV Vanguard ESG U.S. Stock ETF 24.6 12 43 5.1 +1.8
ESGU iShares MSCI USA ESG Optimized ETF 24.6 15 40 5.1 +1.7
VOO VANGUARD S&P 500 ETF 24.5 3 52 5.4 +2.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 24.5 7 48 5.2 +1.8
TMFC Motley Fool 100 Index ETF 24.4 50 5 3.7 +0.4
SFY SoFi Select 500 ETF 24.4 0 55 5.2 +1.8
LEAD Reality Shares DIVCON Leaders Dividend ETF 24.3 43 12 4.3 +1.0
JHMT John Hancock Multifactor Technology ETF 24.3 40 15 4.9 +1.5
ADME Aptus Drawdown Managed Equity ETF 24.2 81 -26 3.6 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.1 2 53 5.3 +1.9
SPXV ProShares S&P 500 Ex-Health Care ETF 24.0 27 28 5.0 +1.6
VV Vanguard Large-Cap Index Fund 24.0 4 51 5.2 +1.9
PBUS Invesco PureBeta MSCI USA ETF 23.9 4 51 5.2 +1.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 23.7 10 45 5.2 +1.9
JKD iShares Morningstar Large-Cap ETF 23.7 20 35 5.6 +2.3
SUSL iShares ESG MSCI USA Leaders ETF 23.6 10 45 5.3 +1.9
PSET Principal Price Setters Index ETF 23.6 29 26 4.6 +1.3
ESG FlexShares STOXX US ESG Impact Index Fund 23.6 32 23 5.0 +1.7
SCHX Schwab U.S. Large-Cap ETF 23.5 3 52 5.3 +1.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 23.5 52 3 5.0 +1.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 23.5 15 40 6.2 +2.8

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:

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 29.5 %
Divided by: Fwd. P/BV 7.6 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 3.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 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.