Invesco Dynamic Large Cap Value ETF
ALTAR
Score™
7.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.5x P/Sales
ratio
1.9x
P/BV
ratio
2.3x Div.
yield
2.9%


  • 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) $664
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) $122,311
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
JPMORGAN CHASE & CO 3.7 %
COMCAST CORP-CL A 3.6 %
BANK OF AMERICA CORP 3.5 %
ABBVIE INC 3.5 %
UNION PACIFIC CORP 3.3 %
PEPSICO INC 3.2 %
PFIZER INC 3.2 %
VERIZON COMMUNICATIONS INC 3.2 %
ORACLE CORP 3.1 %
BRISTOL-MYERS SQUIBB CO 3.1 %
Total 33.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
IRELAND 3.1 %
SWITZERLAND 1.6 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.5% -6.3% 7.1% 10.3% 8.4%

Market Correlations
versus... Beta R-squared
S&P500 0.97 90%
MSCI EAFE 0.95 84%
MSCI Emg. Mkts. 0.74 64%

Technical Indicators
Recent close $37.34
30d moving avg. $35.54
Annualized volatility 19.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 61
Turnover 0.3%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $23,352

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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: 56 bp ALTAR Score™: 7.7%


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 48.3 25 31 7.1 -0.7
MGV Vanguard Mega Cap Value ETF 43.0 7 49 6.8 -1.0
VYM Vanguard High Dividend Yield Index ETF 38.5 6 50 7.0 -0.7
IWX iShares Russell Top 200 Value ETF 37.6 20 36 6.3 -1.4
VTV Vanguard Value Index Fund 34.7 4 52 6.8 -0.9
RAFE PIMCO RAFI ESG U.S. ETF 34.0 29 27 7.1 -0.6
DURA VanEck Vectors Morningstar Durable Dividend ETF 33.8 29 27 8.2 +0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 32.7 28 28 6.1 -1.7
REVS Columbia Research Enhanced Value ETF 32.4 19 37 7.2 -0.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 32.2 12 44 4.6 -3.2
VOOV Vanguard S&P 500 Value ETF 31.6 10 46 6.8 -0.9
USDY Pacific Global US Equity Income ETF 31.6 29 27 7.7 -0.0
DIVB iShares U.S. Dividend & Buyback ETF 30.9 25 31 6.3 -1.5
FMK First Trust Mega Cap AlphaDEX Fund 30.6 70 -14 4.8 -3.0
FDRR Fidelity Dividend ETF for Rising Rates 30.1 29 27 6.3 -1.4
DGRO iShares Core Dividend Growth ETF 29.9 8 48 6.3 -1.5
SYV SPDR MFS Systematic Value Equity ETF 29.6 60 -4 6.8 -0.9
SPYV SPDR Portfolio S&P 500 Value ETF 29.5 4 52 6.9 -0.9
IVE iShares S&P 500 Value ETF 29.5 18 38 6.7 -1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 29.2 25 31 5.8 -2.0
DTD WisdomTree U.S.Total Dividend Fund 28.9 28 28 6.3 -1.5
NULV Nuveen ESG Large-Cap Value ETF 28.8 35 21 6.7 -1.1
OUSA O'Shares FTSE US Quality Dividend ETF 28.8 48 8 5.6 -2.1
PKW Invesco Buyback Achievers ETF 28.7 62 -6 6.1 -1.6
DHS WisdomTree U.S. High Dividend Fund 28.2 38 18 8.2 +0.4
SCHV Schwab U.S. Large-Cap Value ETF 27.5 4 52 6.3 -1.4
IUSV iShares Core S&P U.S. Value ETF 27.5 4 52 6.9 -0.8
VLUE iShares MSCI USA Value Factor ETF 27.5 15 41 10.3 +2.6
HDV iShares Core High Dividend ETF 26.7 8 48 6.8 -1.0
VONV Vanguard Russell 1000 Value Index Fund 26.4 8 48 6.5 -1.2
NACP Impact Shares NAACP Minority Empowerment ETF 26.1 75 -19 4.6 -3.2
VETS Pacer Military Times Best Employers ETF 26.0 60 -4 6.4 -1.3
IWD iShares Russell 1000 Value ETF 25.8 19 37 6.3 -1.4
EPS WisdomTree U.S. Earnings 500 Fund 25.6 8 48 6.0 -1.7
QDYN FlexShares Quality Dividend Dynamic Index Fund 25.4 37 19 5.7 -2.1
IEFN iShares Evolved U.S. Financials ETF 25.1 18 38 8.3 +0.6
DEW WisdomTree Global High Dividend Fund 25.0 58 -2 9.1 +1.4
QDEF FlexShares Quality Dividend Defensive Index Fund 25.0 37 19 5.8 -1.9
SPVM Invesco S&P 500 Value with Momentum ETF 24.9 39 17 8.0 +0.3
FUNL CornerCap Fundametrics Large-Cap ETF 24.7 50 6 7.5 -0.3
FDL First Trust Morningstar Dividend Leaders Index Fund 24.4 45 11 9.6 +1.9
QDF FlexShares Quality Dividend Index Fund 24.3 37 19 5.7 -2.0
CCOR Core Alternative ETF 24.2 109 -53 4.5 -3.3
DTN WisdomTree U.S. Dividend ex-Financials Fund 24.2 38 18 7.5 -0.3
SPVU Invesco S&P 500 Enhanced Value ETF 24.0 13 43 10.2 +2.5
PFM Invesco Dividend Achievers ETF 24.0 53 3 5.1 -2.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 23.6 28 28 6.2 -1.5
FLV American Century Focused Large Cap Value ETF 23.2 42 14 5.9 -1.9
XLF Financial Select Sector SPDR Fund 23.2 13 43 7.4 -0.3
TTFS AdvisorShares Wilshire Buyback ETF 23.2 91 -35 5.6 -2.1
MOAT VanEck Vectors Morningstar Wide Moat ETF 22.9 49 7 6.3 -1.5
FDVV Fidelity Core Dividend ETF 22.5 29 27 6.5 -1.3
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 22.3 35 21 8.1 +0.4
FNCL Fidelity MSCI Financials Index ETF 22.2 8 48 7.9 +0.2
PRF Invesco FTSE RAFI US 1000 ETF 22.2 39 17 6.2 -1.6
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 22.1 35 21 6.8 -0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 22.1 25 31 6.1 -1.7
VFH Vanguard Financials Index Fund 22.0 10 46 7.9 +0.2
DJD Invesco Dow Jones Industrial Average Dividend ETF 21.9 7 49 6.7 -1.0
EDOW First Trust Dow 30 Equal Weight ETF 21.7 50 6 5.3 -2.4
JHMF John Hancock Multifactor Financials ETF 21.6 40 16 6.9 -0.8
ESG FlexShares STOXX US ESG Impact Index Fund 21.5 32 24 4.8 -3.0
RYF Invesco S&P 500 Equal Weight Financials ETF 21.3 40 16 8.6 +0.9
FTA First Trust Large Cap Value AlphaDEX Fund 21.2 60 -4 7.8 +0.1
SYE SPDR MFS Systematic Core Equity ETF 21.2 60 -4 5.4 -2.3
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 21.0 25 31 5.7 -2.0
OEF iShares S&P 100 ETF 20.8 20 36 4.5 -3.2
XLG Invesco S&P 500 Top 50 ETF 20.7 20 36 4.3 -3.4
SDOG ALPS Sector Dividend Dogs ETF 20.7 40 16 8.8 +1.1
YLDE ClearBridge Dividend Strategy ESG ETF 20.6 60 -4 4.6 -3.1
SPDV AAM S&P 500 High Dividend Value ETF 20.6 29 27 9.0 +1.3
FVAL Fidelity Value Factor ETF 20.5 29 27 7.3 -0.4
QUS SPDR MSCI USA StrategicFactors ETF 20.5 15 41 5.5 -2.2
RWL Invesco S&P 500 Revenue ETF 20.5 39 17 6.6 -1.2
SPMV Invesco S&P 500 Minimum Variance ETF 20.3 10 46 5.6 -2.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 20.2 25 31 6.1 -1.7
SPXT ProShares S&P 500 Ex-Technology ETF 20.1 27 29 5.2 -2.5
SPQQ Siren Large Cap Blend Index ETF 20.1 20 36 4.5 -3.3
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 20.1 15 41 6.3 -1.5
FLLV Franklin Liberty U.S. Low Volatility ETF 20.0 29 27 5.2 -2.5
VLU SPDR S&P 1500 Value Tilt ETF 20.0 12 44 6.6 -1.1
LVHD Legg Mason Low Volatility High Dividend ETF 20.0 27 29 7.8 +0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 19.9 15 41 5.9 -1.8
XLI Industrial Select Sector SPDR Fund 19.8 13 43 4.8 -2.9
RNDV US Equity Dividend Select ETF 19.8 50 6 7.9 +0.1
SCHD Schwab U.S. Dividend Equity ETF 19.7 6 50 7.4 -0.4
IYF iShares U.S. Financials ETF 19.6 42 14 6.4 -1.3
JVAL JPMorgan U.S. Value Factor ETF 19.5 12 44 7.6 -0.1
VIG Vanguard Dividend Appreciation Index Fund 19.5 6 50 5.1 -2.7
HUSV First Trust Horizon Managed Volatility Domestic ETF 19.5 70 -14 5.6 -2.1
MGC Vanguard Mega Cap Index Fund 19.3 7 49 4.8 -2.9
JHMI John Hancock Multifactor Industrials ETF 19.2 40 16 5.2 -2.6
IWL iShares Russell Top 200 ETF 19.1 15 41 4.6 -3.1
ROUS Hartford Multifactor US Equity ETF 18.8 19 37 6.2 -1.6
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 18.7 49 7 4.3 -3.4
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 18.7 75 -19 5.6 -2.2
BKLC BNY Mellon US Large Cap Core Equity ETF 18.7 0 56 4.8 -2.9
RECS Columbia Research Enhanced Core ETF 18.7 15 41 5.3 -2.4

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:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.3 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.