Invesco DWA Basic Materials Momentum ETF
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
38.7x P/Sales
ratio
1.2x
P/BV
ratio
2.0x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco DWA Basic Materials Momentum Portfolio tracks an index of U.S. basic materials firms selected and weighted by price momentum.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Oct 12, 2006
Assets (mns) $40
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian BNY Mellon
Weighting Momentum
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 46
Wgt avg mkt cap (mns) $13,511
Large cap (>$10bn) 37.8%
Mid cap ($2-10bn) 43.3%
Small cap (<$2bn) 18.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FMC CORP 4.3 %
ECOLAB INC 4.2 %
ROYAL GOLD INC 4.1 %
AIR PRODUCTS & CHEMICALS INC 4.0 %
NEWMONT MINING CORP 3.7 %
PPG INDUSTRIES INC 3.6 %
CORTEVA INC 3.2 %
AVERY DENNISON CORP 3.1 %
RPM INTERNATIONAL INC 2.9 %
CELANESE CORP-SERIES A 2.7 %
Total 35.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
BRITAIN 2.4 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.1% -3.6% -0.3% 7.3% 6.3%

Market Correlations
versus... Beta R-squared
S&P500 1.39 86%
MSCI EAFE 1.47 84%
MSCI Emg. Mkts. 1.12 73%

Technical Indicators
Recent close $53.63
30d moving avg. $47.80
Annualized volatility 25.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.6%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $4,026

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PYZ
Ticker Fund
Name
Overlap1
vs PYZ
(%)
Expense
ratio
(bp)
Savings
vs PYZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs PYZ
(%)
IYM iShares U.S. Basic Materials ETF 46.2 42 18 5.4 -0.4
RTM Invesco S&P 500 Equal Weight Materials ETF 45.0 40 20 6.1 +0.4
JHMA John Hancock Multifactor Materials ETF 44.6 40 20 6.7 +0.9
VAW Vanguard Materials Index Fund 42.0 10 50 6.0 +0.3
FMAT Fidelity MSCI Materials Index ETF 41.3 8 52 6.0 +0.3
FXZ First Trust Materials AlphaDEX Fund 41.0 65 -5 7.1 +1.3
XLB Materials Select Sector SPDR Fund 37.2 13 47 5.8 +0.0
XME SPDR S&P Metals & Mining ETF 24.0 35 25 7.4 +1.6
MXI iShares Global Materials ETF 18.9 46 14 6.1 +0.3
NANR SPDR S&P North American Natural Resources ETF 14.3 35 25 3.4 -2.4
PSCM Invesco S&P SmallCap Materials ETF 14.0 29 31 9.1 +3.4
GUNR Flexshares Morningstar Global Upstream Natural Resources 11.2 46 14 5.9 +0.2
VEGI iShares MSCI Global Agriculture Producers ETF 10.7 39 21 5.9 +0.2
EQRR ProShares Equities for Rising Rates ETF 10.6 35 25 5.8 +0.0
FTAG First Trust Indxx Global Agriculture ETF 10.0 70 -10 6.3 +0.6
IFRA iShares U.S. Infrastructure ETF 10.0 40 20 5.5 -0.3
SLX VanEck Vectors Steel ETF 9.5 56 4 14.9 +9.2
PAVE Global X U.S. Infrastructure Development ETF 9.4 47 13 5.7 -0.1
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 9.3 39 21 6.1 +0.4
PEXL Pacer US Export Leaders ETF 9.2 60 0 6.0 +0.3
MOO VanEck Vectors Agribusiness ETF 9.1 54 6 5.5 -0.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 9.1 38 22 8.7 +3.0
TPHD Timothy Plan High Dividend Stock ETF 8.5 52 8 7.0 +1.3
GNR SPDR S&P Global Natural Resources ETF 8.2 40 20 6.4 +0.7
SGDM Sprott Gold Miners ETF 7.8 50 10 3.1 -2.6
VRAI Virtus Real Asset Income ETF 7.8 55 5 10.7 +5.0
VOE Vanguard Mid-Cap Value Index Fund 7.7 7 53 7.7 +2.0
CSD Invesco S&P Spin-Off ETF 7.4 62 -2 6.1 +0.4
GDX VanEck Vectors Gold Miners ETF 6.9 52 8 3.2 -2.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 6.9 19 41 6.1 +0.4
FCPI Fidelity Stocks for Inflation ETF 6.8 29 31 6.7 +1.0
PBW Invesco WilderHill Clean Energy ETF 6.6 70 -10 -4.6 -10.3
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 6.5 75 -15 5.6 -0.2
NOBL ProShares S&P 500 Dividend Aristocrats ETF 6.5 35 25 6.0 +0.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 6.5 24 36 5.9 +0.2
CZA Invesco Zacks Mid-Cap ETF 6.5 76 -16 6.0 +0.2
SMDV ProShares Russell 2000 Dividend Growers ETF 6.4 40 20 6.8 +1.1
IGE iShares North American Natural Resources ETF 6.4 46 14 3.8 -1.9
CUT Invesco MSCI Global Timber ETF 6.3 55 5 9.0 +3.3
TMDV ProShares Russell US Dividend Growers ETF 6.3 35 25 5.2 -0.6
COWZ Pacer US Cash Cows 100 ETF 6.2 49 11 9.5 +3.8
HAP VanEck Vectors Natural Resources ETF 6.1 50 10 6.1 +0.4
BUYN USCF SummerHaven SHPEN Index Fund 6.1 80 -20 9.6 +3.8
ESGS Columbia Sustainable U.S. Equity Income ETF 6.1 35 25 8.7 +3.0
SPDV AAM S&P 500 High Dividend Value ETF 6.0 29 31 10.5 +4.7
PICK iShares MSCI Global Metals & Mining Producers ETF 5.8 39 21 7.4 +1.7
PY Principal Shareholder Yield Index ETF 5.6 29 31 9.0 +3.3
RFV Invesco S&P Midcap 400 Pure Value ETF 5.6 35 25 9.3 +3.5
KSCD KFA Small Cap Quality Dividend Index ETF 5.5 51 9 6.1 +0.4
SOIL Global X Fertilizers/Potash ETF 5.5 69 -9 5.2 -0.6
YLDE ClearBridge Dividend Strategy ESG ETF 5.5 60 0 4.9 -0.8
JDIV JPMorgan U.S. Dividend ETF 5.4 12 48 7.8 +2.0
JKI iShares Morningstar Mid-Cap Value ETF 5.4 30 30 9.2 +3.5
SLT Salt TruBeta High Exposure ETF 5.3 29 31 6.4 +0.7
RDIV Invesco S&P Ultra Dividend Revenue ETF 5.3 39 21 10.4 +4.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 5.2 38 22 7.7 +2.0
GRES IQ Global Resources ETF 5.2 77 -17 7.3 +1.6
DON WisdomTree U.S. MidCap Dividend Fund 5.2 38 22 7.4 +1.7
SDOG ALPS Sector Dividend Dogs ETF 5.0 40 20 9.8 +4.1
DES WisdomTree U.S. SmallCap Dividend Fund 4.9 38 22 8.3 +2.6
SUSA iShares MSCI USA ESG Select ETF 4.9 25 35 4.8 -1.0
ONEY SPDR Russell 1000 Yield Focus ETF 4.8 20 40 8.1 +2.4
QVAL Alpha Architect U.S. Quantitative Value ETF 4.8 49 11 10.6 +4.8
XSHQ Invesco S&P SmallCap Quality ETF 4.8 29 31 5.9 +0.1
IWS iShares Russell Mid-Cap Value ETF 4.8 24 36 7.0 +1.2
RPV Invesco S&P 500 Pure Value ETF 4.7 35 25 10.9 +5.1
RWK Invesco S&P MidCap 400 Revenue ETF 4.7 39 21 7.3 +1.5
MAGA Point Bridge GOP Stock Tracker ETF 4.7 72 -12 6.3 +0.6
TPLC Timothy Plan US Large Cap Core ETF 4.6 52 8 5.3 -0.5
SYLD Cambria Shareholder Yield ETF 4.6 59 1 8.7 +3.0
NUMV Nuveen ESG Mid-Cap Value ETF 4.5 40 20 8.4 +2.7
FOVL iShares Focused Value Factor ETF 4.5 25 35 9.8 +4.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 4.5 48 12 6.2 +0.4
EQAL Invesco Russell 1000 Equal Weight ETF 4.5 20 40 5.0 -0.8
BUL Pacer US Cash Cows Growth ETF 4.5 60 0 5.4 -0.3
LVUS Hartford Multifactor Low Volatility US Equity ETF 4.4 19 41 5.9 +0.1
CWS AdvisorShares Focused Equity ETF 4.3 85 -25 5.3 -0.4
KLCD KFA Large Cap Quality Dividend Index ETF 4.2 41 19 5.2 -0.6
JMIN JPMorgan U.S. Minimum Volatility ETF 4.2 12 48 5.7 0.0
PIO Invesco Global Water ETF 4.2 75 -15 4.0 -1.8
PHO Invesco Water Resources ETF 4.2 60 0 3.7 -2.0
FIW First Trust Water ETF 4.2 55 5 3.7 -2.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 4.2 40 20 6.5 +0.8
AFMC First Trust Active Factor Mid Cap ETF 4.1 65 -5 6.0 +0.3
RDVY First Trust Rising Dividend Achievers ETF 4.1 50 10 7.6 +1.8
ISMD Inspire Small/Mid Cap Impact ETF 4.1 61 -1 6.6 +0.9
LIT Global X Lithium & Battery Tech ETF 4.1 75 -15 3.5 -2.3
BATT Amplify Advanced Battery Metals & Materials ETF 4.1 72 -12 2.9 -2.9
SPVU Invesco S&P 500 Enhanced Value ETF 4.1 13 47 10.6 +4.9
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 4.1 60 0 3.1 -2.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 4.1 29 31 7.1 +1.3
XMLV Invesco S&P MidCap Low Volatility ETF 4.0 25 35 5.3 -0.5
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 4.0 35 25 9.2 +3.4
QSY WisdomTree U.S. LargeCap Value Fund 4.0 38 22 6.6 +0.9
MOAT VanEck Vectors Morningstar Wide Moat ETF 4.0 49 11 6.0 +0.2
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 4.0 40 20 5.9 +0.2
SCHM Schwab U.S. Mid-Cap ETF 3.9 4 56 6.2 +0.4
ONEO SPDR Russell 1000 Momentum Focus ETF 3.9 20 40 6.4 +0.7
FTCS First Trust Capital Strength ETF 3.9 60 0 4.8 -0.9
GBDV Global Beta Smart Income ETF 3.9 29 31 11.6 +5.9

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 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™


Calculation of ALTAR Score™
Avg. Return on Equity 12.1 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.53
 
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.