Invesco S&P SmallCap Momentum ETF
ALTAR
Score™
5.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
32.3x P/Sales
ratio
1.4x
P/BV
ratio
2.3x Div.
yield
1.7%


  • 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) $78
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) $2,365
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 63.2%
Small cap (<$2bn) 36.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
COGENT COMMUNICATIONS HOLDINGS INC 2.9 %
MOMENTA PHARMACEUTICALS INC 2.9 %
KINSALE CAPITAL GROUP, INC. 2.7 %
EXPONENT INC 2.6 %
SIMPSON MANUFACTURING CO INC 2.1 %
NEOGENOMICS INC 2.1 %
MEDPACE HOLDINGS, INC. 2.1 %
WINGSTOP, INC. 2.1 %
EHEALTH INC 2.0 %
LITHIA MOTORS INC-CL A 1.9 %
Total 23.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.5% -2.3% 7.5% -- 8.8%

Market Correlations
versus... Beta R-squared
S&P500 1.15 80%
MSCI EAFE 1.11 64%
MSCI Emg. Mkts. 0.75 46%

Technical Indicators
Recent close $35.66
30d moving avg. $36.13
Annualized volatility 21.8%
Short interest (ETF) 1.5%
Short interest (Underlying) 9.1%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 22
Turnover 1.0%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $2,581

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™: 5.1%


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 43.1 15 24 5.4 +0.3
IJT iShares S&P Small-Cap 600 Growth ETF 43.1 25 14 5.3 +0.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 41.9 16 23 5.4 +0.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 41.6 35 4 6.1 +1.0
SPSM SPDR Portfolio Small Cap ETF 29.7 5 34 7.4 +2.3
IJR iShares Core S&P Small Cap ETF 29.6 7 32 7.4 +2.3
SLY SPDR S&P 600 Small Cap ETF 29.6 15 24 7.3 +2.2
VIOO Vanguard S&P Small-Cap 600 ETF 28.6 10 29 7.5 +2.4
XSHQ Invesco S&P SmallCap Quality ETF 25.4 29 10 6.9 +1.8
PSCF Invesco S&P SmallCap Financials ETF 21.6 29 10 12.2 +7.1
PSCI Invesco S&P SmallCap Industrials ETF 21.3 29 10 6.9 +1.8
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 19.9 40 -1 7.1 +2.0
FYC First Trust Small Cap Growth AlphaDEX Fund 19.5 70 -31 2.5 -2.6
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 19.5 29 10 9.8 +4.7
AFSM First Trust Active Factor Small Cap ETF 17.9 75 -36 5.8 +0.7
SSLY Syntax Stratified SmallCap ETF 17.7 30 9 6.4 +1.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 17.5 39 0 8.1 +3.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 16.8 24 15 7.4 +2.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 16.6 29 10 5.8 +0.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 16.3 35 4 6.6 +1.4
XSLV Invesco S&P SmallCap Low Volatility ETF 15.5 25 14 6.3 +1.2
FYX First Trust Small Cap Core AlphaDEX Fund 15.1 63 -24 6.9 +1.7
IWO iShares Russell 2000 Growth ETF 13.7 24 15 0.8 -4.4
PSCH Invesco S&P SmallCap Health Care ETF 13.7 29 10 3.1 -2.1
VAMO Cambria Value & Momentum ETF 13.6 64 -25 7.8 +2.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 13.6 35 4 8.7 +3.5
ROOF IQ US Real Estate Small Cap ETF 13.5 70 -31 12.5 +7.4
TPSC Timothy Plan US Small Cap Core ETF 13.3 52 -13 8.7 +3.6
IJS iShares S&P Small-cap 600 Value ETF 13.3 25 14 9.7 +4.6
SLYV SPDR S&P 600 Small Cap Value ETF 13.3 15 24 9.8 +4.6
VIOV Vanguard S&P Small-Cap 600 Value ETF 13.0 15 24 10.1 +5.0
ISMD Inspire Small/Mid Cap Impact ETF 13.0 60 -21 6.8 +1.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 12.8 12 27 8.3 +3.1
PSC Principal U.S. Small Cap Index ETF 12.8 38 1 7.4 +2.2
PSCT Invesco S&P SmallCap Information Technology ETF 12.7 29 10 5.7 +0.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 12.7 30 9 8.0 +2.9
ROGS Hartford Multifactor Global Small Cap ETF 12.5 34 5 8.3 +3.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 12.3 39 0 12.4 +7.3
DES WisdomTree U.S. SmallCap Dividend Fund 12.1 38 1 9.2 +4.1
JSML Janus Henderson Small Cap Growth Alpha ETF 12.0 30 9 7.8 +2.7
CALF Pacer US Small Cap Cash Cows 100 ETF 11.8 59 -20 13.8 +8.7
DWAS Invesco DWA SmallCap Momentum ETF 11.1 60 -21 -1.1 -6.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 11.0 20 19 6.2 +1.1
IWM iShares Russell 2000 ETF 10.8 19 20 3.7 -1.4
VTWG Vanguard Russell 2000 Growth Index Fund 10.8 15 24 0.8 -4.4
RNSC Small Cap US Equity Select ETF 10.8 60 -21 8.1 +3.0
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 10.6 35 4 8.6 +3.4
CSML IQ Chaikin U.S. Small Cap ETF 10.5 35 4 4.4 -0.8
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 10.3 29 10 1.8 -3.3
VTWO Vanguard Russell 2000 Index Fund 10.1 10 29 3.8 -1.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 9.8 30 9 11.5 +6.3
EES WisdomTree SmallCap Earnings Fund 9.5 38 1 12.3 +7.2
PKB Invesco Dynamic Building & Construction ETF 9.5 60 -21 6.8 +1.7
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 9.4 38 1 9.5 +4.4
VTWV Vanguard Russell 2000 Value Index Fund 9.2 15 24 7.9 +2.7
JKK iShares Morningstar Small-Cap Growth ETF 9.2 30 9 1.1 -4.0
FSMD Fidelity Small-Mid Factor ETF 8.7 29 10 7.2 +2.1
ITB iShares U.S. Home Construction ETF 8.5 42 -3 8.4 +3.2
FYT First Trust Small Cap Value AlphaDEX Fund 8.1 72 -33 10.0 +4.9
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 8.1 20 19 4.8 -0.3
VUSE Vident Core US Equity Fund 8.0 48 -9 8.6 +3.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 7.8 70 -31 2.1 -3.1
JKJ iShares Morningstar Small-Cap ETF 7.8 25 14 7.0 +1.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 7.8 39 0 4.3 -0.8
PSCU Invesco S&P SmallCap Utilities ETF 7.7 29 10 3.4 -1.8
IWN iShares Russell 2000 Value ETF 7.7 24 15 7.7 +2.6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 7.4 60 -21 8.9 +3.8
SCHA Schwab U.S. Small-Cap ETF 7.4 4 35 4.8 -0.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 7.4 39 0 8.2 +3.1
SQLV Legg Mason Small-Cap Quality Value 7.3 62 -23 8.2 +3.1
AVUV Avantis U.S. Small Cap Value ETF 7.1 25 14 9.8 +4.7
JHSC John Hancock Multifactor Small Cap ETF 7.0 42 -3 6.1 +1.0
VFMF Vanguard U.S. Multifactor ETF 6.9 19 20 7.4 +2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 6.8 4 35 5.9 +0.7
BFOR Barron's 400 ETF 6.6 65 -26 6.5 +1.3
SMDV ProShares Russell 2000 Dividend Growers ETF 6.6 40 -1 8.0 +2.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 6.5 17 22 5.3 +0.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 6.4 66 -27 2.5 -2.6
XRT SPDR S&P Retail ETF 6.3 35 4 6.8 +1.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 6.1 25 14 7.0 +1.9
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 6.1 29 10 10.3 +5.2
NETL NETLease Corporate Real Estate ETF 6.0 60 -21 8.6 +3.5
IUSS Invesco Strategic US Small Company ETF 6.0 23 16 5.7 +0.5
NUSC Nuveen ESG Small-Cap ETF 5.9 40 -1 5.5 +0.4
PBSM Invesco PureBeta MSCI USA Small Cap ETF 5.9 6 33 5.5 +0.4
BUY USCF SummerHaven SHPEI Index Fund 5.7 80 -41 10.8 +5.6
KSCD KFA Small Cap Quality Dividend Index ETF 5.5 51 -12 6.9 +1.8
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 5.5 60 -21 0.3 -4.8
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 5.4 125 -86 -3.4 -8.5
VFMO Vanguard U.S. Momentum Factor ETF 5.3 13 26 1.1 -4.0
RNMC Mid Cap US Equity Select ETF 5.3 60 -21 8.1 +3.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 5.2 80 -41 5.8 +0.7
PPTY PPTY-U.S. Diversified Real Estate ETF 5.2 53 -14 6.7 +1.6
RORE Hartford Multifactor REIT ETF 5.0 45 -6 16.0 +10.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 5.0 30 9 5.7 +0.6
PZD Invesco Cleantech ETF 4.8 68 -29 4.7 -0.5
GEX VanEck Vectors Global Alternative Energy ETF 4.8 62 -23 4.3 -0.8
OSCV Opus Small Cap Value Plus ETF 4.7 79 -40 5.7 +0.6
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 4.6 60 -21 2.9 -2.2
PBW Invesco WilderHill Clean Energy ETF 4.6 70 -31 -4.0 -9.1

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 12.1 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 5.1 %
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.