Invesco Dynamic Networking ETF
ALTAR
Score™
3.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
24.7x P/Sales
ratio
2.9x
P/BV
ratio
5.2x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco Dynamic Networking Portfolio tracks a quantitatively driven index that selects 30 US networking companies it believes will outperform, weighting them in tiers.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Jun 23, 2005
Assets (mns) $50
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) $127,315
Large cap (>$10bn) 63.0%
Mid cap ($2-10bn) 18.0%
Small cap (<$2bn) 16.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DATADOG INC CLASS A 5.6 %
MOTOROLA SOLUTIONS 5.4 %
VMWARE INC-CLASS A 5.3 %
AMPHENOL CORP-CL A 5.3 %
QUALCOMM INC 5.2 %
CISCO SYSTEMS INC 5.0 %
APPLE INC 4.7 %
OKTA, INC. CLASS A 4.6 %
CROWDSTRIKE HOLDINGS, INC. CLASS A 3.2 %
TENABLE HOLDINGS, INC. 3.0 %
Total 47.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.5 %
ISRAEL 5.5 %
SWITZERLAND 2.7 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.2% 29.6% 16.9% 14.2% 11.4%

Market Correlations
versus... Beta R-squared
S&P500 1.01 67%
MSCI EAFE 0.96 51%
MSCI Emg. Mkts. 0.68 41%

Technical Indicators
Recent close $66.85
30d moving avg. $70.29
Annualized volatility 21.5%
Short interest (ETF) 0.8%
Short interest (Underlying) 6.2%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $1,229

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PXQ Expense: 63 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PXQ
Ticker Fund
Name
Overlap1
vs PXQ
(%)
Expense
ratio
(bp)
Savings
vs PXQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs PXQ
(%)
CIBR First Trust NASDAQ CEA Cybersecurity ETF 33.0 60 3 3.4 -0.5
IHAK iShares Cybersecurity & Tech ETF 31.9 47 16 4.0 +0.1
IGN iShares North American Tech-Multimedia Networking ETF 28.1 46 17 6.1 +2.2
HACK ETFMG Prime Cyber Security ETF 26.9 60 3 3.2 -0.7
BUG Global X Cybersecurity ETF 26.4 50 13 1.3 -2.6
FITE SPDR Kensho Future Security ETF 21.0 45 18 4.0 +0.1
XTL SPDR S&P Telecom ETF 20.9 35 28 4.4 +0.5
PTF Invesco DWA Technology Momentum ETF 19.9 60 3 1.8 -2.1
LRNZ TrueMark Technology, AI & Deep Learning ETF 18.3 68 -5 0.2 -3.7
IYZ iShares U.S. Telecommunications ETF 17.5 42 21 7.6 +3.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 15.8 50 13 6.9 +3.0
JHMT John Hancock Multifactor Technology ETF 15.5 40 23 6.1 +2.2
WFH Direxion Work From Home ETF 14.8 45 18 5.7 +1.8
TDV ProShares S&P Technology Dividend Aristocrats ETF 14.7 45 18 5.3 +1.4
FIVG Defiance Next Gen Connectivity ETF 14.1 30 33 5.0 +1.1
GDAT Goldman Sachs Motif Data-Driven World Etf 13.4 50 13 5.3 +1.4
BUL Pacer US Cash Cows Growth ETF 13.4 60 3 7.2 +3.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 12.8 57 6 5.4 +1.5
PKW Invesco Buyback Achievers ETF 12.8 62 1 7.2 +3.3
SKYY First Trust Cloud Computing ETF 12.3 60 3 2.3 -1.6
FDN First Trust Dow Jones Internet Index Fund 12.0 52 11 2.2 -1.7
STLG iShares Factors US Growth Style ETF 11.8 25 38 6.2 +2.3
TECB iShares US Tech Breakthrough Multisector ETF 11.5 40 23 4.8 +0.9
XITK SPDR FactSet Innovative Technology ETF 11.5 45 18 0.5 -3.4
RYT Invesco S&P 500 Equal Weight Technology ETF 11.4 40 23 7.0 +3.1
FXL First Trust Technology AlphaDEX Fund 10.8 61 2 3.6 -0.3
IYW iShares U.S. Technology ETF 10.7 43 20 7.3 +3.4
PSJ Invesco Dynamic Software ETF 10.7 56 7 12.9 +9.0
FTEC Fidelity MSCI Information Technology Index ETF 10.5 8 55 8.1 +4.2
VGT Vanguard Information Technology Index Fund 10.5 10 53 8.1 +4.2
LRGE ClearBridge Large Cap Growth ESG ETF 10.4 59 4 4.5 +0.6
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 10.3 75 -12 3.7 -0.1
XLK Technology Select Sector SPDR Fund 10.0 13 50 8.8 +4.9
QDF FlexShares Quality Dividend Index Fund 9.9 37 26 6.8 +2.9
IDRV iShares Self-driving EV & Tech ETF 9.8 47 16 6.8 +2.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 9.6 37 26 6.9 +3.0
IGM iShares Expanded Tech Sector ETF 9.5 46 17 5.4 +1.5
FMK First Trust Mega Cap AlphaDEX Fund 9.3 70 -7 4.9 +1.0
XNTK SPDR NYSE Technology ETF 9.3 35 28 4.1 +0.2
IETC iShares Evolved U.S. Technology ETF 9.1 18 45 6.0 +2.1
IPO Renaissance IPO ETF 9.1 60 3 17.4 +13.5
IXN iShares Global Tech ETF 8.9 46 17 7.1 +3.3
SYG SPDR MFS Systematic Growth Equity ETF 8.8 60 3 5.5 +1.6
AIEQ AI Powered Equity ETF 8.7 87 -24 2.8 -1.1
DRIV Global X Autonomous & Electric Vehicles ETF 8.6 68 -5 6.4 +2.5
SPQQ Siren Large Cap Blend Index ETF 8.4 20 43 5.2 +1.3
QDEF FlexShares Quality Dividend Defensive Index Fund 8.3 37 26 6.8 +3.0
DIVB iShares U.S. Dividend & Buyback ETF 8.3 25 38 7.0 +3.1
QLC FlexShares US Quality Large Cap Index Fund 8.2 32 31 5.9 +2.0
CACG ClearBridge All Cap Growth ETF 8.0 54 9 4.6 +0.7
DSTL Distillate US Fundamental Stability & Value ETF 8.0 39 24 6.8 +2.9
CLOU Global X Cloud Computing ETF 7.9 68 -5 0.7 -3.2
FTXL First Trust Nasdaq Semiconductor ETF 7.8 60 3 5.2 +1.4
SPHQ Invesco S&P 500 Quality ETF 7.8 15 48 5.2 +1.3
FDRR Fidelity Dividend ETF for Rising Rates 7.7 29 34 7.5 +3.6
NUSI Nationwide Risk-Managed Income ETF 7.7 68 -5 5.4 +1.5
QYLD Global X NASDAQ 100 Covered Call ETF 7.6 60 3 5.4 +1.5
QQQ Invesco QQQ Trust 7.6 20 43 5.8 +1.9
EXT WisdomTree U.S. Total Earnings Fund 7.6 28 35 6.1 +2.2
AIQ Global X Future Analytics Tech ETF 7.5 68 -5 4.2 +0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 7.4 15 48 6.9 +3.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 7.4 49 14 5.6 +1.7
SNSR Global X Internet of Things Thematic ETF 7.4 68 -5 5.0 +1.1
VEGN US Vegan Climate ETF 7.3 60 3 5.7 +1.8
OUSA O'Shares FTSE US Quality Dividend ETF 7.3 48 15 6.4 +2.6
QGRO American Century STOXX U.S. Quality Growth ETF 7.1 29 34 3.9 +0.0
EPS WisdomTree U.S. Earnings 500 Fund 7.0 8 55 7.1 +3.2
DLN WisdomTree U.S. LargeCap Dividend Fund 7.0 28 35 6.9 +3.0
NACP Impact Shares NAACP Minority Empowerment ETF 7.0 75 -12 5.6 +1.7
HLAL Wahed FTSE USA Shariah ETF 7.0 50 13 6.5 +2.6
WUGI Esoterica NextG Economy ETF 7.0 75 -12 1.6 -2.3
EDOW First Trust Dow 30 Equal Weight ETF 7.0 50 13 5.9 +2.0
KRMA Global X Conscious Companies ETF 6.9 43 20 5.8 +1.9
FDVV Fidelity Core Dividend ETF 6.8 29 34 7.4 +3.6
XSW SPDR S&P Software & Services ETF 6.8 35 28 4.1 +0.2
SPMO Invesco S&P 500 Momentum ETF 6.8 13 50 5.9 +2.0
IQSU IQ Candriam ESG US Equity ETF 6.8 9 54 6.1 +2.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 6.7 60 3 5.4 +1.5
FCPI Fidelity Stocks for Inflation ETF 6.7 29 34 6.8 +2.9
IUS Invesco Strategic US ETF 6.7 19 44 6.9 +3.0
ENTR Entrepreneur 30 Fund 6.6 49 14 1.4 -2.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 6.6 19 44 6.6 +2.7
DTD WisdomTree U.S.Total Dividend Fund 6.6 28 35 7.0 +3.1
ESGV Vanguard ESG U.S. Stock ETF 6.6 12 51 5.8 +1.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 6.6 9 54 6.1 +2.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 6.5 25 38 7.2 +3.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 6.5 52 11 5.5 +1.6
SPXV ProShares S&P 500 Ex-Health Care ETF 6.5 27 36 5.7 +1.8
PDP Invesco DWA Momentum ETF 6.5 62 1 2.9 -1.0
DGRW WisdomTree U.S. Quality Dividend Growth Fund 6.5 28 35 7.2 +3.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 6.5 25 38 7.2 +3.3
DGRO iShares Core Dividend Growth ETF 6.4 8 55 6.8 +3.0
SPXN ProShares S&P 500 Ex-Financials ETF 6.4 27 36 5.8 +1.9
IWB iShares Russell 1000 ETF 6.4 15 48 5.7 +1.8
AFLG First Trust Active Factor Large Cap ETF 6.3 55 8 6.3 +2.4
PBUS Invesco PureBeta MSCI USA ETF 6.3 4 59 5.9 +2.0
VONE Vanguard Russell 1000 ETF 6.3 8 55 5.7 +1.8
VTHR Vanguard Russell 3000 Index Fund 6.3 10 53 5.6 +1.7
RECS Columbia Research Enhanced Core ETF 6.3 15 48 6.4 +2.6

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 20.3 %
Divided by: Fwd. P/BV 4.5 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.