Invesco S&P SmallCap Momentum ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
27.7x P/Sales
ratio
1.1x
P/BV
ratio
3.4x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Dynamic Small Cap Growth Portfolio seeks investment results that correspond generally to the price and yield of the Dynamic Small Cap Growth Intellidex Index, which seeks to provide

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Mar 03, 2005
Assets (mns) $106
Currency USD
Expense ratio 39 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 117
Wgt avg mkt cap (mns) $2,445
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 58.8%
Small cap (<$2bn) 40.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
STAMPS.COM INC 4.0 %
KINSALE CAPITAL GROUP, INC. 3.8 %
NEOGENOMICS INC 2.7 %
SAIA INC 2.3 %
MERITAGE HOMES CORP 2.2 %
UNIVERSAL FOREST PRODUCTS 1.8 %
BROOKS AUTOMATION INC 1.8 %
YETI HOLDINGS, INC. 1.8 %
EXPONENT INC 1.7 %
POWER INTEGRATIONS INC 1.7 %
Total 23.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.7 %
CAYMAN ISLANDS 1.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
2.6% 8.9% 12.2% -- 9.8%

Market Correlations
versus... Beta R-squared
S&P500 1.11 78%
MSCI EAFE 1.11 64%
MSCI Emg. Mkts. 0.79 52%

Technical Indicators
Recent close $42.40
30d moving avg. $40.62
Annualized volatility 22.3%
Short interest (ETF) 0.7%
Short interest (Underlying) 9.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 22
Turnover 0.9%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $2,384

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PXSG Expense: 39 bp ALTAR Score™: 3.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PXSG
Ticker Fund
Name
Overlap1
vs PXSG
(%)
Expense
ratio
(bp)
Savings
vs PXSG
(bp)
ALTAR
Score™
(%)
ALTAR
vs PXSG
(%)
SLYG SPDR S&P 600 Small Cap Growth ETF 37.5 15 24 5.3 +1.6
RZG Invesco S&P Smallcap 600 Pure Growth ETF 37.4 35 4 5.7 +2.0
IJT iShares S&P Small-Cap 600 Growth ETF 37.1 25 14 5.4 +1.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 35.8 16 23 5.2 +1.6
VIOO Vanguard S&P Small-Cap 600 ETF 28.3 10 29 6.8 +3.2
XSHQ Invesco S&P SmallCap Quality ETF 28.1 29 10 6.6 +2.9
SPSM SPDR Portfolio Small Cap ETF 27.7 5 34 6.9 +3.3
SLY SPDR S&P 600 Small Cap ETF 27.6 15 24 6.8 +3.1
IJR iShares Core S&P Small Cap ETF 27.4 6 33 6.9 +3.3
SSLY Syntax Stratified SmallCap ETF 24.4 30 9 6.4 +2.7
FYC First Trust Small Cap Growth AlphaDEX Fund 23.2 70 -31 1.8 -1.9
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 23.2 29 10 7.5 +3.8
PSCT Invesco S&P SmallCap Information Technology ETF 21.9 29 10 5.7 +2.0
VAMO Cambria Value & Momentum ETF 21.3 63 -24 5.9 +2.3
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 20.1 40 -1 7.1 +3.4
AFSM First Trust Active Factor Small Cap ETF 20.0 75 -36 5.3 +1.7
CALF Pacer US Small Cap Cash Cows 100 ETF 19.4 59 -20 8.8 +5.1
XSLV Invesco S&P SmallCap Low Volatility ETF 19.4 25 14 5.5 +1.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 19.1 39 0 6.8 +3.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 18.0 24 15 6.3 +2.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 17.6 15 24 8.7 +5.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 17.0 29 10 4.9 +1.2
IJS iShares S&P Small-cap 600 Value ETF 16.9 25 14 8.8 +5.1
SLYV SPDR S&P 600 Small Cap Value ETF 16.8 15 24 8.7 +5.0
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 16.0 35 4 5.8 +2.2
TPSC Timothy Plan US Small Cap Core ETF 15.9 52 -13 7.9 +4.2
ROGS Hartford Multifactor Global Small Cap ETF 15.7 34 5 8.0 +4.3
PSCI Invesco S&P SmallCap Industrials ETF 15.4 29 10 6.3 +2.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 14.8 35 4 7.7 +4.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 14.7 39 0 9.0 +5.4
JSML Janus Henderson Small Cap Growth Alpha ETF 14.2 30 9 7.8 +4.1
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 13.9 30 9 7.4 +3.7
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 13.5 29 10 0.2 -3.5
FYX First Trust Small Cap Core AlphaDEX Fund 13.4 63 -24 6.0 +2.3
IWO iShares Russell 2000 Growth ETF 13.0 24 15 -0.1 -3.8
PSC Principal U.S. Small Cap Index ETF 12.9 38 1 6.7 +3.0
PSCH Invesco S&P SmallCap Health Care ETF 12.8 29 10 2.8 -0.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 12.2 35 4 8.0 +4.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 12.1 20 19 4.7 +1.0
PSCF Invesco S&P SmallCap Financials ETF 12.0 29 10 11.1 +7.5
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 11.9 35 4 7.8 +4.1
CSML IQ Chaikin U.S. Small Cap ETF 11.7 35 4 3.8 +0.1
EES WisdomTree SmallCap Earnings Fund 11.6 38 1 10.0 +6.3
VTWG Vanguard Russell 2000 Growth Index Fund 11.2 15 24 0.1 -3.6
DES WisdomTree U.S. SmallCap Dividend Fund 10.9 38 1 8.3 +4.6
AVUV Avantis U.S. Small Cap Value ETF 10.6 25 14 7.9 +4.2
DWAS Invesco DWA SmallCap Momentum ETF 10.4 60 -21 -2.0 -5.7
SQLV Legg Mason Small-Cap Quality Value 10.3 62 -23 6.2 +2.6
ISMD Inspire Small/Mid Cap Impact ETF 10.2 60 -21 4.8 +1.1
IWM iShares Russell 2000 ETF 9.6 19 20 3.3 -0.4
VTWO Vanguard Russell 2000 Index Fund 9.5 10 29 3.5 -0.2
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 9.3 125 -86 -3.0 -6.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 8.9 38 1 8.3 +4.6
BFOR Barron's 400 ETF 8.8 65 -26 6.3 +2.7
RNSC Small Cap US Equity Select ETF 8.5 60 -21 7.0 +3.3
VFMF Vanguard U.S. Multifactor ETF 8.4 19 20 7.2 +3.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 8.2 39 0 4.5 +0.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 8.2 70 -31 2.0 -1.7
FSMD Fidelity Small-Mid Factor ETF 8.2 29 10 6.1 +2.5
ITB iShares U.S. Home Construction ETF 8.0 42 -3 7.3 +3.6
IUSS Invesco Strategic US Small Company ETF 7.7 23 16 5.1 +1.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.6 80 -41 5.7 +2.0
PFI Invesco DWA Financial Momentum ETF 7.5 60 -21 5.7 +2.0
JKK iShares Morningstar Small-Cap Growth ETF 7.5 30 9 1.0 -2.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 7.4 66 -27 2.2 -1.5
IWC iShares Micro-Cap ETF 7.4 60 -21 -3.8 -7.5
PSI Invesco Dynamic Semiconductors ETF 7.0 57 -18 4.6 +1.0
SCHA Schwab U.S. Small-Cap ETF 6.9 4 35 4.6 +1.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 6.9 25 14 7.2 +3.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.8 30 9 9.0 +5.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 6.7 20 19 4.6 +1.0
PKB Invesco Dynamic Building & Construction ETF 6.7 59 -20 5.9 +2.2
BUY USCF SummerHaven SHPEI Index Fund 6.5 80 -41 8.6 +4.9
NUSC Nuveen ESG Small-Cap ETF 6.5 40 -1 4.7 +1.0
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 6.3 60 -21 0.4 -3.3
VUSE Vident Core US Equity Fund 6.2 48 -9 8.7 +5.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 6.1 12 27 7.5 +3.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 6.1 29 10 5.7 +2.0
VFMO Vanguard U.S. Momentum Factor ETF 6.1 13 26 0.7 -3.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 5.9 17 22 4.7 +1.0
IWN iShares Russell 2000 Value ETF 5.9 24 15 6.7 +3.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 5.7 30 9 5.4 +1.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 5.5 6 33 5.0 +1.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 5.4 39 0 6.4 +2.7
JHSC John Hancock Multifactor Small Cap ETF 5.4 42 -3 5.5 +1.8
PSCC Invesco S&P SmallCap Consumer Staples ETF 5.3 29 10 5.3 +1.6
VFQY Vanguard U.S. Quality Factor ETF 5.3 13 26 6.3 +2.6
XRT SPDR S&P Retail ETF 5.2 35 4 5.6 +1.9
ONLN ProShares Online Retail ETF 5.2 58 -19 0.7 -3.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 5.0 49 -10 1.1 -2.5
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 5.0 35 4 9.9 +6.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 4.9 60 -21 7.8 +4.1
FNX First Trust Mid Cap Core AlphaDEX Fund 4.9 61 -22 6.3 +2.6
OSCV Opus Small Cap Value Plus ETF 4.9 79 -40 5.4 +1.7
PWC Invesco Dynamic Market ETF 4.8 58 -19 5.7 +2.0
EBIZ Global X E-Commerce ETF 4.8 50 -11 2.4 -1.3
PRN Invesco DWA Industrials Momentum ETF 4.7 60 -21 2.8 -0.9
XHB SPDR S&P Homebuilders ETF 4.6 35 4 6.7 +3.0
VBK Vanguard Small-Cap Growth Index Fund 4.6 7 32 2.2 -1.5
PZD Invesco Cleantech ETF 4.6 65 -26 3.8 +0.1

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 SmallCap Momentum 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 12.4 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.