Invesco Dynamic Energy Exploration & Production ETF
ALTAR
Score™
0.9% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
-13.8x P/Sales
ratio
0.6x
P/BV
ratio
0.7x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco Dynamic Energy Exploration & Production Portfolio ETF tracks an index of U.S. energy exploration and production companies selected and weighted by growth and value metrics.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Oct 26, 2005
Assets (mns) $20
Currency USD
Expense ratio 63 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 31
Wgt avg mkt cap (mns) $10,795
Large cap (>$10bn) 41.3%
Mid cap ($2-10bn) 31.7%
Small cap (<$2bn) 27.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
OCCIDENTAL PETROLEUM CORP 5.6 %
PIONEER NATURAL RESOURCES CO 5.5 %
MARATHON PETROLEUM 5.1 %
EOG RESOURCES INC 4.6 %
CONCHO RESOURCES INC 4.6 %
CONOCOPHILLIPS 4.4 %
PHILLIPS 66 3.9 %
VALERO ENERGY CORP 3.9 %
ENCANA CORP 3.7 %
CONTINENTAL RESOURCES INC/OK 3.5 %
Total 44.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.3 %
CANADA 3.7 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-43.9% -42.5% -16.3% -4.1% -2.1%

Market Correlations
versus... Beta R-squared
S&P500 2.60 59%
MSCI EAFE 2.74 55%
MSCI Emg. Mkts. 2.02 49%

Technical Indicators
Recent close $9.90
30d moving avg. $9.44
Annualized volatility 58.2%
Short interest (ETF) 0.9%
Short interest (Underlying) 5.4%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 34
Turnover 1.7%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $2,735

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PXE Expense: 63 bp ALTAR Score™: 0.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PXE
Ticker Fund
Name
Overlap1
vs PXE
(%)
Expense
ratio
(bp)
Savings
vs PXE
(bp)
ALTAR
Score™
(%)
ALTAR
vs PXE
(%)
XOP SPDR S&P Oil & Gas Exploration & Production ETF 66.9 35 28 3.3 +2.4
FCG First Trust Natural Gas ETF 54.5 60 3 3.6 +2.8
IEO iShares U.S. Oil & Gas Exploration & Production ETF 52.5 42 21 3.4 +2.5
FRAK VanEck Vectors Unconventional Oil & Gas ETF 51.7 54 9 1.5 +0.6
FXN First Trust Energy AlphaDEX Fund 45.0 65 -2 2.5 +1.6
JHME John Hancock Multifactor Energy ETF 43.3 40 23 3.7 +2.8
RYE Invesco S&P 500 Equal Weight Energy ETF 41.9 40 23 3.6 +2.7
PXI Invesco DWA Energy Momentum ETF 38.8 60 3 0.5 -0.4
FTXN First Trust Nasdaq Oil & Gas ETF 38.5 60 3 3.1 +2.2
XLE Energy Select Sector SPDR Fund 30.6 13 50 4.5 +3.7
FENY Fidelity MSCI Energy Index ETF 29.0 8 55 4.2 +3.3
IYE iShares U.S. Energy ETF 28.7 42 21 4.0 +3.1
VDE Vanguard Energy Index Fund 28.4 10 53 3.9 +3.0
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 20.3 75 -12 3.1 +2.2
IGE iShares North American Natural Resources ETF 18.3 46 17 4.0 +3.1
CRAK VanEck Vectors Oil Refiners ETF 15.9 60 3 12.3 +11.4
IXC iShares Global Energy ETF 15.1 46 17 5.9 +5.0
FILL iShares MSCI Global Energy Producers ETF 15.1 39 24 6.3 +5.5
EQRR ProShares Equities for Rising Rates ETF 13.5 35 28 6.6 +5.7
NANR SPDR S&P North American Natural Resources ETF 13.1 35 28 3.4 +2.5
VSL Volshares Large Capital ETF 12.7 65 -2 2.7 +1.8
RDIV Invesco S&P Ultra Dividend Revenue ETF 12.5 39 24 10.2 +9.3
PMOM Principal Sustainable Momentum Index ETF 11.7 29 34 8.3 +7.4
PSCE Invesco S&P SmallCap Energy ETF 9.9 29 34 -2.4 -3.3
PVAL Principal Contrarian Value Index ETF 9.0 29 34 9.3 +8.4
GBDV Global Beta Smart Income ETF 8.1 29 34 8.2 +7.3
MAGA Point Bridge GOP Stock Tracker ETF 7.3 72 -9 6.1 +5.2
RPV Invesco S&P 500 Pure Value ETF 7.0 35 28 10.5 +9.6
SPHB Invesco S&P 500 High Beta ETF 6.9 25 38 8.7 +7.8
RFV Invesco S&P Midcap 400 Pure Value ETF 6.3 35 28 9.4 +8.5
ONEY SPDR Russell 1000 Yield Focus ETF 6.1 20 43 8.8 +7.9
FCPI Fidelity Stocks for Inflation ETF 5.8 29 34 6.6 +5.7
AVUV Avantis U.S. Small Cap Value ETF 5.3 25 38 8.0 +7.2
QDIV Global X S&P 500 Quality Dividend ETF 5.2 20 43 7.3 +6.4
FTRI First Trust Indxx Global Natural Resources Income ETF 5.1 70 -7 8.8 +7.9
FTA First Trust Large Cap Value AlphaDEX Fund 4.9 60 3 8.9 +8.0
SPVU Invesco S&P 500 Enhanced Value ETF 4.9 13 50 11.0 +10.1
SYLD Cambria Shareholder Yield ETF 4.9 59 4 8.5 +7.6
SYV SPDR MFS Systematic Value Equity ETF 4.8 60 3 7.1 +6.3
SPYD SPDR S&P 500 High Dividend ETF 4.6 7 56 10.9 +10.0
FOVL iShares Focused Value Factor ETF 4.5 25 38 9.7 +8.9
PY Principal Shareholder Yield Index ETF 4.5 29 34 8.8 +8.0
EQAL Invesco Russell 1000 Equal Weight ETF 4.4 20 43 5.4 +4.5
VAMO Cambria Value & Momentum ETF 4.4 64 -1 6.3 +5.4
SLT Salt TruBeta High Exposure ETF 4.3 29 34 8.7 +7.8
FAB First Trust Multi Cap Value AlphaDEX Fund 4.1 71 -8 9.4 +8.5
FNK First Trust Mid Cap Value AlphaDEX Fund 4.0 70 -7 10.3 +9.5
VRAI Virtus Real Asset Income ETF 3.7 55 8 11.5 +10.6
CVY Invesco Zacks Multi-Asset Income ETF 3.7 97 -34 10.9 +10.0
DVY iShares Select Dividend ETF 3.6 39 24 9.2 +8.3
GNR SPDR S&P Global Natural Resources ETF 3.6 40 23 6.3 +5.4
IUS Invesco Strategic US ETF 3.5 19 44 6.2 +5.4
PUI Invesco DWA Utilities Momentum ETF 3.4 60 3 4.7 +3.8
HAP VanEck Vectors Natural Resources ETF 3.3 50 13 5.9 +5.0
GUNR Flexshares Morningstar Global Upstream Natural Resources 3.2 46 17 5.5 +4.6
JKI iShares Morningstar Mid-Cap Value ETF 3.2 30 33 8.6 +7.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 3.2 29 34 9.0 +8.2
QSY WisdomTree U.S. LargeCap Value Fund 3.2 38 25 6.5 +5.6
USDY Pacific Global US Equity Income ETF 3.1 29 34 7.0 +6.1
JKL iShares Morningstar Small Cap Value ETF 3.1 30 33 9.6 +8.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 3.1 29 34 7.6 +6.7
RWL Invesco S&P 500 Revenue ETF 3.0 39 24 6.8 +6.0
TPHD Timothy Plan High Dividend Stock ETF 2.9 52 11 7.2 +6.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 2.9 24 39 5.9 +5.0
VLU SPDR S&P 1500 Value Tilt ETF 2.8 12 51 7.0 +6.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 2.8 18 45 5.9 +5.1
AUSF Global X Adaptive U.S. Factor ETF 2.7 27 36 7.5 +6.7
DTN WisdomTree U.S. Dividend ex-Financials Fund 2.7 38 25 7.6 +6.8
AMZA InfraCap MLP ETF 2.7 241 -178 6.9 +6.1
TTFS AdvisorShares Wilshire Buyback ETF 2.7 91 -28 5.9 +5.1
RYJ Invesco Raymond James SB-1 Equity ETF 2.6 82 -19 3.8 +3.0
VUSE Vident Core US Equity Fund 2.6 48 15 8.4 +7.6
FEX First Trust Large Cap Core AlphaDEX Fund 2.5 60 3 5.8 +4.9
GRES IQ Global Resources ETF 2.5 77 -14 7.2 +6.4
BLES Inspire Global Hope Large Cap ETF 2.5 52 11 6.4 +5.5
EZM WisdomTree U.S. MidCap Earnings Fund 2.5 38 25 8.6 +7.7
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 2.5 35 28 8.2 +7.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 2.5 35 28 7.1 +6.2
STLV iShares Factors US Value Style ETF 2.5 25 38 6.7 +5.9
EES WisdomTree SmallCap Earnings Fund 2.4 38 25 10.1 +9.2
BUY USCF SummerHaven SHPEI Index Fund 2.4 80 -17 8.5 +7.6
FYT First Trust Small Cap Value AlphaDEX Fund 2.3 72 -9 9.2 +8.4
HDV iShares Core High Dividend ETF 2.3 8 55 6.6 +5.7
USMF WisdomTree U.S. Multifactor Fund 2.2 28 35 5.3 +4.4
RSP Invesco S&P 500 Equal Weight ETF 2.2 20 43 6.4 +5.5
ESGS Columbia Sustainable U.S. Equity Income ETF 2.2 35 28 8.1 +7.2
SPVM Invesco S&P 500 Value with Momentum ETF 2.2 39 24 8.6 +7.7
JDIV JPMorgan U.S. Dividend ETF 2.2 12 51 7.5 +6.6
REVS Columbia Research Enhanced Value ETF 2.2 19 44 7.2 +6.3
PRF Invesco FTSE RAFI US 1000 ETF 2.1 39 24 6.5 +5.6
VFVA Vanguard U.S. Value Factor ETF 2.1 14 49 10.6 +9.7
HLAL Wahed FTSE USA Shariah ETF 2.1 50 13 4.3 +3.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 2.1 20 43 7.3 +6.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 2.1 19 44 5.8 +4.9
JMIN JPMorgan U.S. Minimum Volatility ETF 2.0 12 51 5.3 +4.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 2.0 20 43 8.9 +8.0
IWS iShares Russell Mid-Cap Value ETF 2.0 24 39 6.8 +5.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 2.0 25 38 6.1 +5.3
RWK Invesco S&P MidCap 400 Revenue ETF 2.0 39 24 7.3 +6.4

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 Energy Exploration & Production 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 1.0 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 0.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.