Invesco S&P MidCap Value with Momentum ETF
ALTAR
Score™
13.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
8.3x P/Sales
ratio
0.3x
P/BV
ratio
0.7x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco Fundamental Pure Mid Value Portfolio is based on the RAFIŽ Fundamental Mid Value Index. The Index is comprised of common stocks of "mid value" U.S. companies, including real estate investment trusts (REITs), from a universe comprised of the 2,500 largest U.S. companies.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Mar 03, 2005
Assets (mns) $36
Currency USD
Expense ratio 39 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 81
Wgt avg mkt cap (mns) $3,269
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 76.6%
Small cap (<$2bn) 23.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GENWORTH FINANCIAL INC-CL A 2.8 %
TECH DATA CORP 2.8 %
BJ'S WHOLESALE CLUB HOLDINGS, INC. 2.3 %
LEGG MASON INC 2.0 %
KEMPER CORP 2.0 %
MOLINA HEALTHCARE INC 1.9 %
AVNET INC 1.9 %
WORLD FUEL SERVICES CORP 1.8 %
AUTONATION INC 1.8 %
DILLARDS INC-CL A 1.7 %
Total 21.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.7 %
BERMUDA 1.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-35.3% -26.4% -1.8% -- 5.6%

Market Correlations
versus... Beta R-squared
S&P500 1.18 77%
MSCI EAFE 1.18 75%
MSCI Emg. Mkts. 0.90 64%

Technical Indicators
Recent close $21.28
30d moving avg. $26.53
Annualized volatility 20.4%
Short interest (ETF) 0.4%
Short interest (Underlying) 4.4%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 49
Turnover 2.9%
Bid/Ask (% of price) 1.29%
ADV underlying (mns) $4,189

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P MidCap Value with Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with PXMV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PXMV Expense: 39 bp ALTAR Score™: 13.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PXMV
Ticker Fund
Name
Overlap1
vs PXMV
(%)
Expense
ratio
(bp)
Savings
vs PXMV
(bp)
ALTAR
Score™
(%)
ALTAR
vs PXMV
(%)
RFV Invesco S&P Midcap 400 Pure Value ETF 39.0 35 4 16.6 +2.8
RWK Invesco S&P MidCap 400 Revenue ETF 38.8 39 0 11.7 -2.1
MDYV SPDR S&P 400 Mid Cap Value ETF 29.6 15 24 12.2 -1.7
IJJ iShares S&P Mid-Cap 400 Value ETF 29.6 25 14 12.1 -1.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 28.8 15 24 12.3 -1.5
FNK First Trust Mid Cap Value AlphaDEX Fund 23.1 70 -31 16.1 +2.2
XMLV Invesco S&P MidCap Low Volatility ETF 19.6 25 14 8.2 -5.6
AFMC First Trust Active Factor Mid Cap ETF 19.4 65 -26 9.7 -4.1
JKL iShares Morningstar Small Cap Value ETF 19.3 30 9 14.9 +1.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 19.3 40 -1 9.8 -4.0
EZM WisdomTree U.S. MidCap Earnings Fund 18.2 38 1 13.9 +0.1
MDY SPDR S&P Midcap 400 ETF Trust 18.0 23 16 9.0 -4.8
SPMD SPDR Portfolio Mid Cap ETF 17.9 5 34 9.2 -4.7
IJH iShares Core S&P Mid-Cap ETF 17.9 6 33 9.2 -4.7
IVOO Vanguard S&P Mid-Cap 400 ETF 17.9 10 29 9.1 -4.7
SMDY Syntax Stratified MidCap ETF 17.2 30 9 9.2 -4.6
FLAG FLAG-Forensic Accounting Long Short ETF 15.6 152 -113 11.8 -2.0
VBR Vanguard Small Cap Value Index Fund 14.8 7 32 12.1 -1.7
KBWR Invesco KBW Regional Banking ETF 14.3 35 4 15.0 +1.1
VUSE Vident Core US Equity Fund 13.8 48 -9 11.0 -2.8
FNX First Trust Mid Cap Core AlphaDEX Fund 13.6 61 -22 10.2 -3.6
VAMO Cambria Value & Momentum ETF 12.6 64 -25 9.1 -4.8
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 12.6 40 -1 8.1 -5.8
KBE SPDR S&P Bank ETF 12.3 35 4 15.8 +2.0
KIE SPDR S&P Insurance ETF 12.2 35 4 11.9 -1.9
PVAL Principal Contrarian Value Index ETF 12.0 29 10 10.7 -3.2
JHSC John Hancock Multifactor Small Cap ETF 11.8 50 -11 8.7 -5.1
FXO First Trust Financials AlphaDEX Fund 11.5 63 -24 14.0 +0.2
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 11.5 60 -21 13.0 -0.9
DVLU First Trust Dorsey Wright Momentum & Value ETF 11.3 60 -21 14.3 +0.5
AVUV Avantis U.S. Small Cap Value ETF 11.2 25 14 13.9 +0.1
IAT iShares U.S. Regional Banks ETF 10.9 42 -3 15.4 +1.5
RFG Invesco S&P Midcap 400 Pure Growth ETF 10.9 35 4 6.1 -7.8
RNMC Mid Cap US Equity Select ETF 10.7 60 -21 10.1 -3.7
EQWM Invesco S&P MidCap Quality ETF 10.7 25 14 6.9 -6.9
KRE SPDR S&P Regional Banking ETF 10.6 35 4 15.9 +2.1
SFYX Sofi Next 500 ETF 9.7 0 39 8.3 -5.5
QABA First Trust NASDAQ ABA Community Bank Index Fund 9.7 60 -21 13.9 +0.0
FOVL iShares Focused Value Factor ETF 9.2 25 14 14.3 +0.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 8.9 30 9 10.8 -3.1
VTWV Vanguard Russell 2000 Value Index Fund 8.9 15 24 10.6 -3.3
IWN iShares Russell 2000 Value ETF 8.9 24 15 10.4 -3.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 8.8 63 -24 9.6 -4.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 8.7 17 22 7.3 -6.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 8.6 15 24 6.8 -7.1
MDYG SPDR S&P 400 Mid Cap Growth ETF 8.6 15 24 6.8 -7.0
IJK iShares S&P Mid-Cap 400 Growth ETF 8.6 24 15 6.7 -7.1
DON WisdomTree U.S. MidCap Dividend Fund 8.2 38 1 11.1 -2.7
FAB First Trust Multi Cap Value AlphaDEX Fund 8.2 71 -32 13.4 -0.4
NUSC Nuveen ESG Small-Cap ETF 8.1 40 -1 7.6 -6.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 8.1 20 19 10.3 -3.5
PSC Principal U.S. Small Cap Index ETF 7.8 38 1 11.2 -2.7
VB Vanguard Small-Cap ETF 7.8 5 34 8.2 -5.7
FSMD Fidelity Small-Mid Factor ETF 7.8 29 10 9.9 -4.0
JKJ iShares Morningstar Small-Cap ETF 7.6 25 14 9.1 -4.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 7.6 24 15 11.1 -2.7
SYLD Cambria Shareholder Yield ETF 7.5 59 -20 15.4 +1.6
PEXL Pacer US Export Leaders ETF 7.5 60 -21 9.1 -4.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 7.4 6 33 7.8 -6.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 7.3 38 1 13.5 -0.4
FYT First Trust Small Cap Value AlphaDEX Fund 7.2 72 -33 13.7 -0.1
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 7.1 39 0 8.8 -5.1
IAK iShares U.S. Insurance ETF 7.0 43 -4 12.1 -1.7
SCHA Schwab U.S. Small-Cap ETF 7.0 4 35 7.5 -6.3
SCHM Schwab U.S. Mid-Cap ETF 7.0 4 35 9.1 -4.8
IFRA iShares U.S. Infrastructure ETF 6.9 40 -1 7.8 -6.1
QVAL Alpha Architect U.S. Quantitative Value ETF 6.8 49 -10 17.5 +3.7
PKB Invesco Dynamic Building & Construction ETF 6.7 60 -21 12.2 -1.6
XMMO Invesco S&P MidCap Momentum ETF 6.5 39 0 5.3 -8.5
QVM Arrow QVM Equity Factor ETF 6.4 65 -26 14.6 +0.7
KBWP Invesco KBW Property & Casualty Insurance ETF 6.4 35 4 8.6 -5.2
PAVE Global X U.S. Infrastructure Development ETF 6.4 47 -8 8.1 -5.7
XRT SPDR S&P Retail ETF 6.3 35 4 12.1 -1.7
HOMZ Hoya Capital Housing ETF 6.3 45 -6 11.1 -2.7
FXZ First Trust Materials AlphaDEX Fund 6.3 65 -26 10.4 -3.5
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 6.3 48 -9 8.9 -4.9
SMDV ProShares Russell 2000 Dividend Growers ETF 6.2 40 -1 8.6 -5.2
VFVA Vanguard U.S. Value Factor ETF 6.2 13 26 16.6 +2.8
AFSM First Trust Active Factor Small Cap ETF 6.1 75 -36 10.7 -3.1
VXF Vanguard Extended Market Index Fund 6.1 7 32 6.0 -7.9
ROGS Hartford Multifactor Global Small Cap ETF 6.0 34 5 11.8 -2.1
BUY USCF SummerHaven SHPEI Index Fund 6.0 80 -41 18.6 +4.7
VFMF Vanguard U.S. Multifactor ETF 5.9 18 21 11.1 -2.8
RYJ Invesco Raymond James SB-1 Equity ETF 5.8 82 -43 5.2 -8.7
GBDV Global Beta Smart Income ETF 5.8 29 10 16.3 +2.5
VALX Validea Market Legends ETF 5.8 79 -40 19.6 +5.7
BUYN USCF SummerHaven SHPEN Index Fund 5.8 80 -41 26.4 +12.6
ISMD Inspire Small/Mid Cap Impact ETF 5.7 61 -22 7.7 -6.1
DES WisdomTree U.S. SmallCap Dividend Fund 5.6 38 1 12.9 -1.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 5.5 25 14 9.7 -4.1
COWZ Pacer US Cash Cows 100 ETF 5.5 49 -10 13.8 -0.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 5.4 29 10 9.3 -4.5
ONEO SPDR Russell 1000 Momentum Focus ETF 5.4 20 19 9.5 -4.3
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 5.3 35 4 12.5 -1.4
XTN SPDR S&P Transportation ETF 5.2 35 4 10.4 -3.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 5.2 29 10 8.6 -5.3
ROUS Hartford Multifactor US Equity ETF 5.1 19 20 9.4 -4.4
FTHI First Trust High Income ETF 5.0 85 -46 7.7 -6.2
JVAL JPMorgan U.S. Value Factor ETF 4.9 12 27 12.1 -1.7
SDY SPDR S&P Dividend ETF 4.9 35 4 8.3 -5.5

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 S&P MidCap Value with Momentum 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 9.8 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 13.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.51
 
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.