Invesco Dynamic Large Cap Value ETF
ALTAR
Score™
8.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.3x P/Sales
ratio
1.3x
P/BV
ratio
1.8x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco Dynamic Large Cap Value Portfolio ETF tracks the Dynamic Large Cap Value Intellidex Index. The index selects its holdings using a 10-factor style isolation process and uses a tiered weighting scheme.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Mar 03, 2005
Assets (mns) $693
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) $132,189
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
CISCO SYSTEMS INC 4.3 %
AMGEN INC 4.1 %
INTEL CORP 4.1 %
PFIZER INC 4.0 %
JOHNSON & JOHNSON 3.8 %
VERIZON COMMUNICATIONS INC 3.7 %
MERCK & CO. INC. 3.7 %
COMCAST CORP-CL A 3.5 %
PEPSICO INC 3.5 %
INTL BUSINESS MACHINES CORP 3.4 %
Total 38.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.1 %
IRELAND 2.7 %
SWITZERLAND 1.5 %
BRITAIN 1.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.6% 1.8% 3.9% 10.0% 8.0%

Market Correlations
versus... Beta R-squared
S&P500 1.00 91%
MSCI EAFE 1.03 83%
MSCI Emg. Mkts. 0.74 66%

Technical Indicators
Recent close $34.54
30d moving avg. $32.60
Annualized volatility 17.8%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 95
Turnover 0.5%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $34,190

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco Dynamic Large Cap Value ETF ETF based on the alternatives' overlap in portfolio holdings with PWV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PWV Expense: 55 bp ALTAR Score™: 8.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PWV
Ticker Fund
Name
Overlap1
vs PWV
(%)
Expense
ratio
(bp)
Savings
vs PWV
(bp)
ALTAR
Score™
(%)
ALTAR
vs PWV
(%)
JKF iShares Morningstar Large Cap Value ETF 48.6 25 30 7.7 -0.6
RAFE PIMCO RAFI ESG U.S. ETF 44.8 29 26 7.7 -0.5
MGV Vanguard Mega Cap Value ETF 39.4 7 48 7.2 -1.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 38.4 75 -20 6.1 -2.2
VYM Vanguard High Dividend Yield Index ETF 38.1 6 49 7.2 -1.0
IWX iShares Russell Top 200 Value ETF 36.9 20 35 7.0 -1.2
HDV iShares Core High Dividend ETF 35.2 8 47 6.5 -1.7
SCHV Schwab U.S. Large-Cap Value ETF 35.1 4 51 7.1 -1.2
VTV Vanguard Value Index Fund 34.9 4 51 7.3 -1.0
VLUE iShares Edge MSCI USA Value Factor ETF 33.9 15 40 11.1 +2.9
REVS Columbia Research Enhanced Value ETF 33.4 19 36 7.6 -0.7
SPHQ Invesco S&P 500 Quality ETF 31.7 15 40 5.2 -3.1
SYV SPDR MFS Systematic Value Equity ETF 31.1 60 -5 7.4 -0.9
OUSA O'Shares FTSE US Quality Dividend ETF 30.8 48 7 5.7 -2.6
SPYV SPDR Portfolio S&P 500 Value ETF 30.7 4 51 7.3 -0.9
IVE iShares S&P 500 Value ETF 30.7 18 37 7.2 -1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 30.6 28 27 6.4 -1.9
DGRO iShares Core Dividend Growth ETF 30.5 8 47 6.5 -1.7
VOOV Vanguard S&P 500 Value ETF 30.5 15 40 7.2 -1.0
PKW Invesco Buyback Achievers ETF 30.5 62 -7 6.9 -1.4
DJD Invesco Dow Jones Industrial Average Dividend ETF 30.5 7 48 6.7 -1.6
SPVU Invesco S&P 500 Enhanced Value ETF 30.4 13 42 11.0 +2.7
DIVB iShares U.S. Dividend & Buyback ETF 30.3 25 30 6.5 -1.7
NULV Nuveen ESG Large-Cap Value ETF 30.2 35 20 7.5 -0.8
DURA VanEck Vectors Morningstar Durable Dividend ETF 29.7 29 26 7.0 -1.3
FMK First Trust Mega Cap AlphaDEX Fund 29.6 70 -15 5.3 -3.0
FDRR Fidelity Dividend ETF for Rising Rates 29.5 29 26 7.1 -1.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 29.5 12 43 4.9 -3.4
USDY Pacific Global US Equity Income ETF 28.9 29 26 7.7 -0.5
QDYN FlexShares Quality Dividend Dynamic Index Fund 28.9 37 18 6.8 -1.4
IUSV iShares Core S&P U.S. Value ETF 28.8 4 51 7.4 -0.9
QDF FlexShares Quality Dividend Index Fund 28.5 37 18 6.9 -1.4
BVAL Brand Value ETF 27.5 65 -10 6.1 -2.2
EDOW First Trust Dow 30 Equal Weight ETF 27.1 50 5 5.8 -2.4
IWD iShares Russell 1000 Value ETF 27.0 19 36 7.1 -1.2
DTD WisdomTree U.S.Total Dividend Fund 26.9 28 27 6.6 -1.6
VONV Vanguard Russell 1000 Value Index Fund 26.9 8 47 7.2 -1.1
FDVV Fidelity Core Dividend ETF 26.4 29 26 7.3 -0.9
DHS WisdomTree U.S. High Dividend Fund 25.7 38 17 8.5 +0.2
EPS WisdomTree U.S. Earnings 500 Fund 25.6 8 47 6.5 -1.8
QDEF FlexShares Quality Dividend Defensive Index Fund 25.5 37 18 6.3 -2.0
VETS Pacer Military Times Best Employers ETF 25.5 60 -5 6.4 -1.9
EQWL Invesco Russell Top 200 Equal Weight ETF 25.4 25 30 6.0 -2.2
FVAL Fidelity Value Factor ETF 25.3 29 26 8.1 -0.1
SCHD Schwab U.S. Dividend Equity ETF 25.1 6 49 7.4 -0.9
PRF Invesco FTSE RAFI US 1000 ETF 24.5 39 16 6.8 -1.5
NACP Impact Shares NAACP Minority Empowerment ETF 24.1 75 -20 4.6 -3.6
JVAL JPMorgan U.S. Value Factor ETF 23.8 12 43 8.8 +0.5
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 23.7 35 20 6.7 -1.6
DVY iShares Select Dividend ETF 23.6 39 16 8.1 -0.2
STLV iShares Factors US Value Style ETF 23.5 25 30 8.0 -0.2
IEFN iShares Evolved U.S. Financials ETF 23.5 18 37 9.1 +0.9
XLG Invesco S&P 500 Top 50 ETF 23.4 20 35 4.7 -3.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 23.3 25 30 6.6 -1.7
SPVM Invesco S&P 500 Value with Momentum ETF 23.1 39 16 9.3 +1.1
VFH Vanguard Financials Index Fund 23.0 10 45 8.7 +0.5
VLU SPDR S&P 1500 Value Tilt ETF 22.9 12 43 7.4 -0.9
FNCL Fidelity MSCI Financials Index ETF 22.7 8 47 8.7 +0.5
XLF Financial Select Sector SPDR Fund 22.6 13 42 8.2 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 22.5 30 25 6.8 -1.5
FDL First Trust Morningstar Dividend Leaders Index Fund 22.2 45 10 8.2 -0.1
SYE SPDR MFS Systematic Core Equity ETF 21.9 60 -5 5.9 -2.3
VALQ American Century STOXX U.S. Quality Value ETF 21.9 29 26 8.9 +0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 21.7 25 30 6.6 -1.7
OEF iShares S&P 100 ETF 21.6 20 35 5.0 -3.3
QLC FlexShares US Quality Large Cap Index Fund 21.5 32 23 5.6 -2.7
RWL Invesco S&P 500 Revenue ETF 21.4 39 16 6.8 -1.4
SPYB SPDR S&P 500 Buyback ETF 21.3 35 20 9.5 +1.2
ESG FlexShares STOXX US ESG Impact Index Fund 21.2 32 23 5.2 -3.1
CCOR Core Alternative ETF 21.0 123 -68 4.3 -4.0
QUS SPDR MSCI USA StrategicFactors ETF 20.9 15 40 5.9 -2.4
RECS Columbia Research Enhanced Core ETF 20.7 15 40 5.7 -2.6
JHMF John Hancock Multifactor Financials ETF 20.3 40 15 7.7 -0.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 20.2 28 27 6.6 -1.7
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 20.1 35 20 8.4 +0.2
IYG iShares US Financial Services ETF 19.8 42 13 6.8 -1.5
ROUS Hartford Multifactor US Equity ETF 19.8 19 36 7.2 -1.1
IWL iShares Russell Top 200 ETF 19.8 15 40 5.2 -3.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 19.6 15 40 6.4 -1.9
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 19.4 15 40 6.7 -1.5
QVM Arrow QVM Equity Factor ETF 19.4 65 -10 5.1 -3.2
SPXT ProShares S&P 500 Ex-Technology ETF 19.4 27 28 5.7 -2.6
MGC Vanguard Mega Cap Index Fund 19.4 7 48 5.3 -2.9
RNDV US Equity Dividend Select ETF 19.1 50 5 7.8 -0.5
IUS Invesco Strategic US ETF 19.1 19 36 6.2 -2.0
DIA SPDR Dow Jones Industrial Average ETF Trust 19.0 16 39 5.6 -2.6
IYF iShares U.S. Financials ETF 19.0 42 13 7.0 -1.3
XLV Health Care Select Sector SPDR Fund 18.9 13 42 7.0 -1.3
RYF Invesco S&P 500 Equal Weight Financials ETF 18.9 40 15 9.8 +1.6
DEW WisdomTree Global High Dividend Fund 18.9 58 -3 9.2 +1.0
HLAL Wahed FTSE USA Shariah ETF 18.9 50 5 4.7 -3.6
YLDE ClearBridge Dividend Strategy ESG ETF 18.7 60 -5 5.0 -3.3
VEGN US Vegan Climate ETF 18.7 60 -5 5.3 -3.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 18.7 38 17 7.9 -0.4
IYH iShares U.S. Healthcare ETF 18.5 43 12 6.0 -2.3
PBP Invesco S&P 500 BuyWrite ETF 18.5 49 6 5.1 -3.2
JHMH John Hancock Multifactor Healthcare ETF 18.5 40 15 5.9 -2.4
SPDV AAM S&P 500 High Dividend Value ETF 18.4 29 26 10.8 +2.6
FHLC Fidelity MSCI Health Care Index ETF 18.1 8 47 5.5 -2.7

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 Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.2 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.53
 
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.