Invesco S&P SmallCap Momentum ETF
ALTAR
Score™
4.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
20.7x P/Sales
ratio
1.4x
P/BV
ratio
2.5x Div.
yield
2.0%


  • 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) $89
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 113
Wgt avg mkt cap (mns) $2,257
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 65.0%
Small cap (<$2bn) 35.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
LHC GROUP INC 2.7 %
EXPONENT INC 2.6 %
NEOGENOMICS INC 2.3 %
WINGSTOP, INC. 2.2 %
AMERICAN STATES WATER CO 2.1 %
STRAYER EDUCATION INC 2.0 %
EHEALTH INC 1.9 %
VIAVI SOLUTIONS INC. 1.8 %
AGREE REALTY CORP 1.8 %
ENSIGN GROUP INC/THE 1.7 %
Total 20.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
PUERTO RICO 2.4 %
CAYMAN ISLANDS 1.0 %
BERMUDA 0.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.4% 16.0% 10.9% -- 10.3%

Market Correlations
versus... Beta R-squared
S&P500 1.10 66%
MSCI EAFE 0.90 36%
MSCI Emg. Mkts. 0.51 21%

Technical Indicators
Recent close $41.23
30d moving avg. $40.53
Annualized volatility 16.4%
Short interest (ETF) 0.9%
Short interest (Underlying) 9.1%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.3%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $1,698

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 4.7%


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
(%)
IJT iShares S&P 600 SmallCap Growth 39.8 25 14 4.9 +0.2
SLYG SPDR S&P600 Small Cap Growth 39.7 15 24 5.0 +0.3
VIOG Vanguard S&P Small-Cap 600 Growth 39.1 16 23 4.8 +0.1
RZG Invesco S&P Smallcap 600 Pure Growth 32.5 35 4 5.9 +1.2
XSLV Invesco S&P SmallCap Low Volatility 29.4 25 14 6.5 +1.8
IJR iShares Core S&P Small-Cap 28.1 7 32 6.1 +1.4
SLY SPDR S&P 600 Small Cap 28.1 15 24 6.0 +1.4
SPSM SPDR Portfolio Small Cap 28.0 5 34 6.1 +1.5
VIOO Vanguard S&P Small-Cap 600 27.7 10 29 6.0 +1.3
XSHQ Invesco S&P SmallCap Quality Portfolio 26.8 29 10 5.6 +1.0
PSCF Invesco S&P Small Cap Financials 21.6 29 10 8.6 +3.9
EWSC Invesco S&P Small Cap 600 Equal Weight 19.7 40 -1 5.4 +0.7
PSC Principal U.S. Small Cap Index 19.5 38 1 6.6 +1.9
SCAP AdvisorShares Cornerstone Small Cap 19.3 90 -51 3.8 -0.9
FYC First Trust Small Cap Growth AlphaDEX 19.3 70 -31 2.1 -2.6
PSCD Invesco S&P Small Cap Consumer Discretionary 17.9 29 10 8.0 +3.3
ROGS Lattice Global Small Cap Strategy 17.6 34 5 7.5 +2.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 17.4 29 10 4.0 -0.7
FLQS Franklin LibertyQ U.S. Small Cap Equity 17.2 35 4 6.1 +1.4
SMLV SPDR Russell 2000 Low Volatility 16.6 12 27 6.5 +1.8

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 12.6 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.56
 
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.