Invesco Cleantech ETF
ALTAR
Score™
4.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
32.9x P/Sales
ratio
2.4x
P/BV
ratio
3.0x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco Cleantech Portfolio seeks investment results that correspond to the price and yield of the Cleantech Index, which is comprised of 75 public companies engaged in the clean technology industry.

FUND BASICS
Category Global Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Oct 24, 2006
Assets (mns) $224
Currency USD
Expense ratio 68 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 52
Wgt avg mkt cap (mns) $13,559
Large cap (>$10bn) 46.4%
Mid cap ($2-10bn) 41.2%
Small cap (<$2bn) 12.4%
Developed mkts 99.3%
Emerging mkts 0.7%

TOP TEN HOLDINGS
GAMESA CORP TECNOLOGICA SA 3.5 %
VESTAS WIND SYSTEMS A/S 3.2 %
ABB LTD. 3.2 %
XYLEM INC 3.2 %
KINGSPAN GROUP PLC 3.1 %
ANSYS INC 3.0 %
NOVOZYMES A/S-B SHARES 3.0 %
SGS SA-REG 2.9 %
SCHNEIDER ELECTRIC SA 2.9 %
JOHNSON CONTROLS INTERNATIONAL PLC 2.9 %
Total 31.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 53.5 %
SWITZERLAND 6.8 %
DENMARK 6.2 %
IRELAND 6.0 %
BRITAIN 5.5 %
SPAIN 3.5 %
NORWAY 3.3 %
FRANCE 2.9 %
BELGIUM 2.8 %
LUXEMBOURG 2.7 %

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.
-1.2% 8.4% 10.9% 9.7% 5.7%

Market Correlations
versus... Beta R-squared
S&P500 1.22 85%
MSCI EAFE 1.29 82%
MSCI Emg. Mkts. 0.97 74%

Technical Indicators
Recent close $51.39
30d moving avg. $49.31
Annualized volatility 22.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 56
Turnover 1.3%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $4,035

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Invesco Cleantech ETF ETF based on the alternatives' overlap in portfolio holdings with PZD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PZD Expense: 68 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PZD
Ticker Fund
Name
Overlap1
vs PZD
(%)
Expense
ratio
(bp)
Savings
vs PZD
(bp)
ALTAR
Score™
(%)
ALTAR
vs PZD
(%)
GEX VanEck Vectors Global Alternative Energy ETF 23.4 62 6 4.2 -0.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 21.0 60 8 0.3 -4.3
PBW Invesco WilderHill Clean Energy ETF 20.7 70 -2 -3.9 -8.4
ICLN iShares Global Clean Energy ETF 17.2 46 22 3.0 -1.6
PBD Invesco Global Clean Energy ETF 16.6 75 -7 1.6 -3.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 14.6 70 -2 4.1 -0.4
ACES ALPS Clean Energy ETF 14.4 65 3 0.8 -3.7
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 11.8 50 18 3.8 -0.8
SNSR Global X Internet of Things Thematic ETF 11.6 68 0 4.4 -0.1
FAN First Trust Global Wind Energy ETF 10.8 62 6 5.9 +1.4
SIMS SPDR S&P Kensho Intelligent Structures ETF 10.4 45 23 5.8 +1.3
XKCP SPDR Kensho Clean Power ETF 10.1 45 23 0.3 -4.3
TAN Invesco Solar ETF 9.8 71 -3 1.5 -3.1
FIW First Trust Water ETF 9.6 55 13 3.8 -0.8
PHO Invesco Water Resources ETF 9.6 60 8 3.6 -1.0
IQM Franklin Intelligent Machines ETF 9.3 50 18 2.0 -2.6
IDRV iShares Self-driving EV & Tech ETF 9.2 47 21 6.8 +2.3
PRNT The 3D Printing ETF 9.1 66 2 1.1 -3.4
SDG iShares Sustainable MSCI Global Impact ETF 9.0 49 19 5.5 +1.0
XKST SPDR Kensho Smart Mobility ETF 8.9 45 23 5.2 +0.6
DTEC ALPS Disruptive Technologies ETF 8.1 50 18 3.5 -1.0
PEXL Pacer US Export Leaders ETF 7.1 60 8 5.9 +1.4
MOTO SmartETFs Smart Transportation & Technology ETF 7.0 68 0 7.3 +2.7
PSCT Invesco S&P SmallCap Information Technology ETF 6.8 29 39 5.7 +1.2
XSD SPDR S&P Semiconductor ETF 6.5 35 33 3.9 -0.7
NUMG Nuveen ESG Mid-Cap Growth ETF 6.3 40 28 2.3 -2.2
EDEN iShares MSCI Denmark Capped ETF 6.2 53 15 6.1 +1.5
ROBO Robo Global Robotics & Automation Index ETF 6.0 95 -27 3.5 -1.1
EXI iShares Global Industrials ETF 6.0 46 22 6.1 +1.5
WOMN Impact Shares YWCA Women's Empowerment ETF 5.9 75 -7 4.4 -0.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 5.9 65 3 3.8 -0.7
QMOM Alpha Architect U.S. Quantitative Momentum ETF 5.9 49 19 2.1 -2.4
PIO Invesco Global Water ETF 5.8 75 -7 3.9 -0.6
ITEQ BlueStar Israel Technology ETF 5.8 75 -7 1.8 -2.8
ARKQ Ark Industrial Innovation ETF 5.5 75 -7 0.6 -3.9
FXN First Trust Energy AlphaDEX Fund 5.4 65 3 -0.8 -5.3
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 5.4 75 -7 2.0 -2.6
ISRA VanEck Vectors Israel ETF 5.4 62 6 6.8 +2.2
EQWM Invesco S&P MidCap Quality ETF 5.2 25 43 6.4 +1.9
SDGA Impact Shares Sustainable Development Goals Global ETF 5.1 75 -7 5.3 +0.8
PDP Invesco DWA Momentum ETF 5.0 62 6 2.7 -1.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 4.8 57 11 4.8 +0.3
FTXL First Trust Nasdaq Semiconductor ETF 4.8 60 8 4.9 +0.3
PXSG Invesco S&P SmallCap Momentum ETF 4.8 39 29 5.0 +0.4
EWL iShares MSCI Switzerland ETF 4.7 50 18 5.0 +0.5
IGV iShares North American Tech-Software ETF 4.6 46 22 2.5 -2.1
ETHO Etho Climate Leadership U.S. ETF 4.5 47 21 4.3 -0.2
FLSW Franklin FTSE Switzerland ETF 4.5 9 59 5.5 +0.9
CGW Invesco S&P Global Water Index ETF 4.3 59 9 4.3 -0.3
DRIV Global X Autonomous & Electric Vehicles ETF 4.3 68 0 5.3 +0.7
EKAR Innovation Shares NextGen Vehicles & Technology ETF 4.2 95 -27 7.9 +3.4
FEUZ First Trust Eurozone AlphaDEX ETF 4.2 80 -12 7.6 +3.0
KOMP SPDR Kensho New Economies Composite ETF 4.2 20 48 2.5 -2.0
FIDU Fidelity MSCI Industrials Index ETF 4.2 8 60 5.9 +1.4
RGI Invesco S&P 500 Equal Weight Industrials ETF 4.2 40 28 5.6 +1.1
TBLU Tortoise Water Fund 4.2 40 28 4.9 +0.4
VIS Vanguard Industrials Index Fund 4.1 10 58 5.8 +1.3
SUSA iShares MSCI USA ESG Select ETF 4.1 25 43 4.7 +0.2
RFG Invesco S&P Midcap 400 Pure Growth ETF 4.0 35 33 4.0 -0.6
JKE iShares Morningstar Large-Cap Growth ETF 4.0 25 43 2.8 -1.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 4.0 15 53 5.0 +0.5
IJK iShares S&P Mid-Cap 400 Growth ETF 4.0 24 44 4.9 +0.4
JKK iShares Morningstar Small-Cap Growth ETF 3.9 30 38 1.1 -3.4
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 3.9 61 7 4.9 +0.4
PIZ Invesco DWA Developed Markets Momentum ETF 3.9 81 -13 4.1 -0.4
XLI Industrial Select Sector SPDR Fund 3.8 13 55 5.8 +1.3
CACG ClearBridge All Cap Growth ETF 3.8 54 14 4.3 -0.3
DINT Davis Select International ETF 3.8 68 0 5.6 +1.1
PSI Invesco Dynamic Semiconductors ETF 3.7 58 10 4.7 +0.1
IJT iShares S&P Small-Cap 600 Growth ETF 3.7 25 43 5.2 +0.6
SLYG SPDR S&P 600 Small Cap Growth ETF 3.7 15 53 5.3 +0.8
JHMI John Hancock Multifactor Industrials ETF 3.6 40 28 6.0 +1.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 3.6 16 52 5.3 +0.7
FEP First Trust Europe AlphaDEX Fund 3.6 80 -12 7.6 +3.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 3.5 15 53 4.9 +0.4
EWQ iShares MSCI France ETF 3.5 50 18 6.3 +1.8
FLFR Franklin FTSE France ETF 3.5 9 59 6.7 +2.2
NULG Nuveen ESG Large-Cap Growth ETF 3.5 35 33 3.5 -1.0
PAVE Global X U.S. Infrastructure Development ETF 3.5 47 21 5.8 +1.2
XSHQ Invesco S&P SmallCap Quality ETF 3.5 29 39 6.7 +2.2
NORW Global X MSCI Norway ETF 3.4 50 18 9.9 +5.4
ENOR iShares MSCI Norway Capped ETF 3.4 53 15 9.7 +5.2
IYJ iShares U.S. Industrials ETF 3.3 42 26 5.9 +1.3
PSCI Invesco S&P SmallCap Industrials ETF 3.3 29 39 6.6 +2.0
SLT Salt TruBeta High Exposure ETF 3.3 29 39 9.5 +5.0
NACP Impact Shares NAACP Minority Empowerment ETF 3.3 75 -7 4.5 -0.1
GXF Global X FTSE Nordic Region ETF 3.3 56 12 10.9 +6.4
TDV ProShares S&P Technology Dividend Aristocrats ETF 3.3 45 23 4.7 +0.2
IDY Pacific Global International Equity Income ETF 3.3 39 29 7.9 +3.4
BOTZ Global X Robotics & Artificial Intelligence ETF 3.3 68 0 2.8 -1.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.2 50 18 6.1 +1.5
MDY SPDR S&P Midcap 400 ETF Trust 3.2 23 45 6.5 +1.9
SPMD SPDR Portfolio Mid Cap ETF 3.2 5 63 6.7 +2.1
IJH iShares Core S&P Mid-Cap ETF 3.2 6 62 6.7 +2.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 3.2 60 8 8.6 +4.1
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 3.1 49 19 5.1 +0.6
FLM First Trust Global Engineering & Construction ETF 3.1 70 -2 9.1 +4.5
EIRL iShares MSCI Ireland Capped ETF 3.1 49 19 7.2 +2.7
JHMT John Hancock Multifactor Technology ETF 3.1 40 28 4.9 +0.4

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 Cleantech 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 14.7 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.50
 
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.