Invesco DWA Basic Materials Momentum ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
The Invesco DWA Basic Materials Momentum Portfolio tracks an index of U.S. basic materials firms selected and weighted by price momentum. |
Category | US Equities |
Fund Sponsor | Invesco PowerShares |
Website | www.powershares.com |
Inception date | Oct 12, 2006 |
Assets (mns) | $52 |
Currency | USD |
Expense ratio | 60 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | BNY Mellon |
Weighting | Momentum |
Index replication | |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 30 |
Wgt avg mkt cap (mns) | $15,887 |
Large cap (>$10bn) | 46.9% |
Mid cap ($2-10bn) | 49.1% |
Small cap (<$2bn) | 4.0% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
FREEPORT-MCMORAN COPPER | 4.6 % |
CLEVELAND-CLIFFS INC | 4.5 % |
ALBEMARLE CORP | 4.2 % |
UNITED STATES STEEL CORP | 4.2 % |
AVERY DENNISON CORP | 4.1 % |
MOSAIC CO/THE | 4.0 % |
LIVENT CORPORATION | 3.8 % |
AVANTOR, INC. | 3.7 % |
CORTEVA INC | 3.6 % |
EASTMAN CHEMICAL COMPANY | 3.6 % | Total | 40.3 % |
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UNITED STATES | 96.5 % |
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BRITAIN | 3.5 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
15.3% | 15.3% | 9.2% | 8.6% | 8.7% |
versus... | Beta | R-squared |
S&P500 | 1.36 | 86% |
MSCI EAFE | 1.34 | 82% |
MSCI Emg. Mkts. | 1.13 | 74% |
Recent close | $74.74 |
30d moving avg. | $73.08 |
Annualized volatility | 27.7% |
Short interest (ETF) | 1.6% |
Short interest (Underlying) | 4.6% |
Relative strength (RSI) | 59 |
Avg. volume (thou.) | 13 |
Turnover | 1.9% |
Bid/Ask (% of price) | 0.18% |
ADV underlying (mns) | $4,791 |
FINDING ALTERNATIVE FUNDS
Below is a list of 99 potential alternatives to the Invesco DWA Basic Materials Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with PYZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | PYZ | Expense: | 60 bp | ALTAR Score™: | 4.2% |
Ticker | Fund Name |
Overlap1 vs PYZ (%) |
Expense ratio (bp) |
Savings vs PYZ (bp) |
ALTAR Score™ (%) |
ALTAR vs PYZ (%) |
XME | SPDR S&P Metals & Mining ETF | 31.2 | 35 | 25 | 5.1 | +0.9 |
RTM | Invesco S&P 500 Equal Weight Materials ETF | 29.7 | 40 | 20 | 4.7 | +0.5 |
PSCM | Invesco S&P SmallCap Materials ETF | 24.4 | 29 | 31 | 6.8 | +2.6 |
VAW | Vanguard Materials Index Fund | 22.8 | 10 | 50 | 5.0 | +0.8 |
IYM | iShares U.S. Basic Materials ETF | 22.8 | 43 | 17 | 4.4 | +0.3 |
FMAT | Fidelity MSCI Materials Index ETF | 22.2 | 8 | 52 | 5.0 | +0.8 |
FXZ | First Trust Materials AlphaDEX Fund | 22.2 | 65 | -5 | 5.7 | +1.5 |
JHMA | John Hancock Multifactor Materials ETF | 19.9 | 40 | 20 | 5.3 | +1.2 |
XLB | Materials Select Sector SPDR Fund | 19.3 | 13 | 47 | 4.8 | +0.6 |
NANR | SPDR S&P North American Natural Resources ETF | 11.6 | 35 | 25 | 3.1 | -1.1 |
SLX | VanEck Vectors Steel ETF | 9.6 | 56 | 4 | 9.8 | +5.7 |
CUT | Invesco MSCI Global Timber ETF | 9.0 | 61 | -1 | 7.1 | +2.9 |
GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 9.0 | 46 | 14 | 5.0 | +0.8 |
VEGI | iShares MSCI Global Agriculture Producers ETF | 8.8 | 39 | 21 | 4.3 | +0.2 |
FTAG | First Trust Indxx Global Agriculture ETF | 8.3 | 70 | -10 | 5.1 | +0.9 |
MOO | VanEck Vectors Agribusiness ETF | 8.0 | 56 | 4 | 4.5 | +0.3 |
EQRR | ProShares Equities for Rising Rates ETF | 7.9 | 35 | 25 | 6.2 | +2.0 |
VNMC | Natixis Vaughan Nelson Mid Cap ETF | 7.9 | 90 | -30 | 6.0 | +1.8 |
SZNE | Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF | 7.6 | 60 | 0 | 4.6 | +0.4 |
HAP | VanEck Vectors Natural Resources ETF | 7.4 | 50 | 10 | 4.8 | +0.6 |
GNR | SPDR S&P Global Natural Resources ETF | 7.2 | 40 | 20 | 5.1 | +0.9 |
MXI | iShares Global Materials ETF | 7.0 | 45 | 15 | 4.9 | +0.8 |
IFRA | iShares U.S. Infrastructure ETF | 6.9 | 40 | 20 | 5.0 | +0.8 |
PICK | iShares MSCI Global Metals & Mining Producers ETF | 6.6 | 39 | 21 | 5.4 | +1.2 |
LIT | Global X Lithium & Battery Tech ETF | 6.3 | 75 | -15 | 1.7 | -2.5 |
PAVE | Global X U.S. Infrastructure Development ETF | 6.3 | 47 | 13 | 4.2 | 0.0 |
FCTR | First Trust Lunt U.S. Factor Rotation ETF | 5.8 | 65 | -5 | 1.2 | -3.0 |
VOE | Vanguard Mid-Cap Value Index Fund | 5.7 | 7 | 53 | 6.6 | +2.4 |
SYLD | Cambria Shareholder Yield ETF | 5.6 | 59 | 1 | 7.1 | +2.9 |
FOVL | iShares Focused Value Factor ETF | 5.6 | 25 | 35 | 7.7 | +3.6 |
GOEX | Global X Gold Explorers ETF | 5.5 | 65 | -5 | 3.3 | -0.8 |
SIL | Global X Silver Miners ETF | 5.5 | 66 | -6 | 2.1 | -2.1 |
SLVP | iShares MSCI Global Silver Miners ETF | 5.5 | 39 | 21 | 1.7 | -2.4 |
DRIV | Global X Autonomous & Electric Vehicles ETF | 5.5 | 68 | -8 | 3.9 | -0.3 |
QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 5.3 | 60 | 0 | 0.2 | -4.0 |
FTLB | First Trust Hedged BuyWrite Income ETF | 5.3 | 85 | -25 | 6.6 | +2.5 |
FTHI | First Trust High Income ETF | 5.3 | 85 | -25 | 6.6 | +2.4 |
SILJ | ETFMG Prime Junior Silver ETF | 5.1 | 69 | -9 | 0.5 | -3.7 |
PEXL | Pacer US Export Leaders ETF | 4.9 | 60 | 0 | 4.6 | +0.4 |
JKG | iShares Morningstar Mid-Cap ETF | 4.9 | 25 | 35 | 4.4 | +0.2 |
IGE | iShares North American Natural Resources ETF | 4.9 | 46 | 14 | 3.6 | -0.6 |
RDIV | Invesco S&P Ultra Dividend Revenue ETF | 4.6 | 39 | 21 | 8.7 | +4.6 |
COPX | Global X Copper Miners ETF | 4.6 | 65 | -5 | 4.0 | -0.2 |
ALTL | Pacer Lunt Large Cap Alternator ETF | 4.5 | 60 | 0 | 5.6 | +1.4 |
SPHB | Invesco S&P 500 High Beta ETF | 4.5 | 25 | 35 | 5.9 | +1.7 |
KSCD | KFA Small Cap Quality Dividend Index ETF | 4.4 | 51 | 9 | 5.3 | +1.1 |
DDIV | First Trust Dorsey Wright Momentum & Dividend ETF | 4.3 | 60 | 0 | 6.5 | +2.3 |
JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 4.3 | 24 | 36 | 5.4 | +1.3 |
NVQ | QRAFT AI-Enhanced US Next Value ETF | 4.3 | 75 | -15 | 6.6 | +2.4 |
BNE | Blue Horizon BNE ETF | 4.1 | 87 | -27 | 0.9 | -3.3 |
XMHQ | Invesco S&P MidCap Quality ETF | 4.1 | 25 | 35 | 5.3 | +1.2 |
DEMZ | Advisors Inner Circle Fund III DEMZ Political Contributions | 4.0 | 45 | 15 | 4.4 | +0.3 |
VIOV | Vanguard S&P Small-Cap 600 Value ETF | 4.0 | 15 | 45 | 7.0 | +2.8 |
LYFE | 2nd Vote Life Neutral Plus ETF | 3.9 | 75 | -15 | 5.6 | +1.4 |
AIEQ | AI Powered Equity ETF | 3.9 | 87 | -27 | 1.8 | -2.4 |
PBW | Invesco WilderHill Clean Energy ETF | 3.9 | 70 | -10 | -0.6 | -4.8 |
TPHD | Timothy Plan High Dividend Stock ETF | 3.8 | 52 | 8 | 5.6 | +1.4 |
FPX | First Trust US IPO Index Fund | 3.8 | 58 | 2 | 1.3 | -2.9 |
ANEW | ProShares MSCI Transformational Changes ETF | 3.8 | 45 | 15 | 2.4 | -1.8 |
REMX | VanEck Vectors Rare Earth/Strategic Metals ETF | 3.8 | 60 | 0 | 0.8 | -3.4 |
SMOG | VanEck Vectors Low Carbon Energy ETF | 3.8 | 62 | -2 | 1.9 | -2.3 |
JKL | iShares Morningstar Small Cap Value ETF | 3.7 | 30 | 30 | 7.6 | +3.4 |
KLCD | KFA Large Cap Quality Dividend Index ETF | 3.6 | 42 | 18 | 5.0 | +0.9 |
JHMS | John Hancock Multifactor Consumer Staples ETF | 3.6 | 40 | 20 | 5.7 | +1.5 |
FTXG | First Trust Nasdaq Food & Beverage ETF | 3.6 | 60 | 0 | 5.5 | +1.3 |
ABEQ | Absolute Core Strategy ETF | 3.6 | 88 | -28 | 4.3 | +0.1 |
CSD | Invesco S&P Spin-Off ETF | 3.6 | 62 | -2 | 4.0 | -0.2 |
IPO | Renaissance IPO ETF | 3.6 | 60 | 0 | -3.0 | -7.2 |
AVUV | Avantis U.S. Small Cap Value ETF | 3.6 | 25 | 35 | 6.4 | +2.2 |
SLYG | SPDR S&P 600 Small Cap Growth ETF | 3.5 | 15 | 45 | 4.4 | +0.3 |
IJT | iShares S&P Small-Cap 600 Growth ETF | 3.5 | 18 | 42 | 4.4 | +0.2 |
WBIY | WBI Power Factor High Dividend ETF | 3.5 | 70 | -10 | 8.4 | +4.2 |
MAGA | Point Bridge GOP Stock Tracker ETF | 3.5 | 72 | -12 | 5.3 | +1.1 |
XSHD | Invesco S&P SmallCap High Dividend Low Volatility ETF | 3.3 | 30 | 30 | 7.3 | +3.1 |
EQAL | Invesco Russell 1000 Equal Weight ETF | 3.3 | 20 | 40 | 5.0 | +0.9 |
IWS | iShares Russell Mid-Cap Value ETF | 3.3 | 24 | 36 | 5.9 | +1.8 |
GDXJ | VanEck Vectors Junior Gold Miners ETF | 3.3 | 53 | 7 | 2.9 | -1.3 |
VRAI | Virtus Real Asset Income ETF | 3.2 | 55 | 5 | 8.8 | +4.6 |
WOOD | iShares Global Timber & Forestry ETF | 3.2 | 46 | 14 | 7.7 | +3.5 |
EWRE | Invesco S&P 500 Equal Weight Real Estate ETF | 3.2 | 40 | 20 | 6.3 | +2.1 |
GQRE | FlexShares Global Quality Real Estate Index Fund | 3.2 | 45 | 15 | 6.2 | +2.0 |
XLRE | The Real Estate Select Sector SPDR Fund | 3.2 | 13 | 47 | 5.6 | +1.4 |
UTRN | Vesper U.S. Large Cap Short-Term Reversal Strategy ETF | 3.2 | 75 | -15 | 4.3 | +0.1 |
DWAS | Invesco DWA SmallCap Momentum ETF | 3.2 | 60 | 0 | -1.2 | -5.4 |
RWK | Invesco S&P MidCap 400 Revenue ETF | 3.1 | 39 | 21 | 6.3 | +2.2 |
JPUS | JPMorgan Diversified Return U.S. Equity ETF | 3.1 | 18 | 42 | 5.6 | +1.4 |
MOAT | VanEck Vectors Morningstar Wide Moat ETF | 3.0 | 48 | 12 | 6.2 | +2.0 |
JDIV | JPMorgan U.S. Dividend ETF | 3.0 | 12 | 48 | 6.7 | +2.5 |
SLT | Pacer Salt High TruBeta US Market ETF | 3.0 | 60 | 0 | 4.5 | +0.3 |
SPVM | Invesco S&P 500 Value with Momentum ETF | 3.0 | 39 | 21 | 7.7 | +3.5 |
QDIV | Global X S&P 500 Quality Dividend ETF | 3.0 | 20 | 40 | 6.5 | +2.3 |
INFL | Horizon Kinetics Inflation Beneficiaries ETF | 3.0 | 85 | -25 | 3.7 | -0.5 |
OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 2.9 | 29 | 31 | 7.2 | +3.1 |
TMDV | ProShares Russell US Dividend Growers ETF | 2.9 | 36 | 24 | 5.2 | +1.0 |
IWN | iShares Russell 2000 Value ETF | 2.9 | 24 | 36 | 5.1 | +0.9 |
VO | Vanguard Mid-Cap Index Fund | 2.9 | 4 | 56 | 4.5 | +0.4 |
JSML | Janus Henderson Small Cap Growth Alpha ETF | 2.9 | 30 | 30 | 5.9 | +1.7 |
RPG | Invesco S&P 500 Pure Growth ETF | 2.9 | 35 | 25 | 2.7 | -1.5 |
PBJ | Invesco Dynamic Food & Beverage ETF | 2.9 | 63 | -3 | 5.8 | +1.6 |
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%.
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RESULTS & ESTIMATES
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
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 |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Invesco DWA Basic Materials Momentum ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
NEUTRAL |
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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