Invesco S&P 500 GARP ETF
ALTAR
Score™
6.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.4x P/Sales
ratio
2.3x
P/BV
ratio
3.1x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPGP tracks the S&P 500 Growth at a Reasonable Price Index. It is composed of 75 stocks in the S&P500 that have been identified as having the highest growth scores and quality & value composite scores.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Jun 16, 2011
Assets (mns) $323
Currency USD
Expense ratio 34 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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 75
Wgt avg mkt cap (mns) $124,233
Large cap (>$10bn) 95.2%
Mid cap ($2-10bn) 4.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SVB FINANCIAL GROUP 2.7 %
ALIGN TECHNOLOGY INC 2.2 %
ARISTA NETWORKS, INC. 2.2 %
CBOE HOLDINGS INC 2.1 %
CIGNA CORP 2.1 %
FORTINET INC 2.1 %
FACEBOOK 1.9 %
ADOBE SYSTEMS INC 1.8 %
UNITED RENTALS INC 1.8 %
SYNCHRONY FINANCIAL 1.7 %
Total 20.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
BRITAIN 1.1 %
BERMUDA 1.1 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.8% 15.8% 17.2% -- 15.8%

Market Correlations
versus... Beta R-squared
S&P500 1.19 91%
MSCI EAFE 1.14 82%
MSCI Emg. Mkts. 0.94 72%

Technical Indicators
Recent close $75.93
30d moving avg. $72.32
Annualized volatility 23.4%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.8%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 42
Turnover 1.0%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $53,151

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Invesco S&P 500 GARP ETF ETF based on the alternatives' overlap in portfolio holdings with SPGP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SPGP Expense: 34 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SPGP
Ticker Fund
Name
Overlap1
vs SPGP
(%)
Expense
ratio
(bp)
Savings
vs SPGP
(bp)
ALTAR
Score™
(%)
ALTAR
vs SPGP
(%)
JOET Virtus Terranova US Quality Momentum ETF 33.2 29 5 4.6 -1.6
RPG Invesco S&P 500 Pure Growth ETF 32.9 35 -1 2.7 -3.5
QUAL iShares MSCI Usa Quality Factor ETF 27.2 15 19 5.0 -1.2
PSET Principal Price Setters Index ETF 26.3 15 19 4.6 -1.6
FLQL Franklin LibertyQ U.S. Equity ETF 26.1 15 19 5.9 -0.3
RYF Invesco S&P 500 Equal Weight Financials ETF 26.0 40 -6 7.5 +1.4
QGRO American Century STOXX U.S. Quality Growth ETF 23.9 29 5 3.7 -2.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 23.4 59 -25 4.0 -2.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 23.3 35 -1 4.3 -1.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 23.1 15 19 5.8 -0.4
SPHQ Invesco S&P 500 Quality ETF 23.1 15 19 4.4 -1.8
QLC FlexShares US Quality Large Cap Index Fund 22.8 32 2 4.4 -1.8
FLRG Fidelity U.S. Multifactor ETF 22.6 29 5 5.9 -0.3
LRGF iShares Edge MSCI Multifactor USA ETF 22.2 20 14 6.0 -0.1
PWB Invesco Dynamic Large Cap Growth ETF 22.1 56 -22 2.1 -4.1
LEAD Reality Shares DIVCON Leaders Dividend ETF 21.6 43 -9 4.8 -1.4
JQUA JPMorgan U.S. Quality Factor ETF 21.2 12 22 5.0 -1.1
CLRG IQ Chaikin U.S. Large Cap ETF 21.0 25 9 5.0 -1.2
DFND Reality Shares DIVCON Dividend Defender ETF 20.8 144 -110 3.9 -2.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 20.5 19 15 5.3 -0.9
FVAL Fidelity Value Factor ETF 20.2 29 5 6.8 +0.6
FQAL Fidelity Quality Factor ETF 20.0 29 5 5.0 -1.2
ESGV Vanguard ESG U.S. Stock ETF 19.9 12 22 4.5 -1.7
EPS WisdomTree U.S. Earnings 500 Fund 19.9 8 26 5.9 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 19.8 9 25 4.8 -1.4
HIPR Direxion High Growth ETF 19.8 40 -6 3.8 -2.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 19.4 17 17 6.1 -0.1
TTAC TrimTabs US Free Cash Flow Quality ETF 19.2 59 -25 3.4 -2.8
ROUS Hartford Multifactor US Equity ETF 19.0 19 15 5.8 -0.3
PY Principal Shareholder Yield Index ETF 18.9 15 19 7.8 +1.6
AFLG First Trust Active Factor Large Cap ETF 18.8 55 -21 4.7 -1.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 18.7 25 9 5.8 -0.3
JHMF John Hancock Multifactor Financials ETF 18.7 40 -6 6.4 +0.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 18.6 30 4 5.2 -1.0
ACWF iShares MSCI Global Multifactor ETF 18.6 35 -1 6.7 +0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 18.5 60 -26 3.6 -2.6
JVAL JPMorgan U.S. Value Factor ETF 18.5 12 22 7.1 +0.9
RESP WisdomTree US ESG Fund of Benef Interest 18.5 28 6 5.0 -1.1
FUNL CornerCap Fundametrics Large-Cap ETF 18.5 50 -16 7.2 +1.0
VALQ American Century STOXX U.S. Quality Value ETF 18.4 29 5 7.8 +1.6
DSTL Distillate US Fundamental Stability & Value ETF 18.3 39 -5 5.6 -0.5
SPVM Invesco S&P 500 Value with Momentum ETF 18.3 39 -5 7.7 +1.5
FCPI Fidelity Stocks for Inflation ETF 18.2 29 5 5.7 -0.5
SPHB Invesco S&P 500 High Beta ETF 18.2 25 9 5.9 -0.2
QUS SPDR MSCI USA StrategicFactors ETF 18.2 15 19 5.2 -0.9
ALTL Pacer Lunt Large Cap Alternator ETF 18.1 60 -26 5.6 -0.6
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 18.1 49 -15 4.2 -2.0
RYT Invesco S&P 500 Equal Weight Technology ETF 18.1 40 -6 5.6 -0.5
VOOG Vanguard S&P 500 Growth ETF 18.1 10 24 3.9 -2.3
LSAF LeaderShares AlphaFactor US Core Equity ETF 18.1 75 -41 5.2 -1.0
KRMA Global X Conscious Companies ETF 18.0 43 -9 4.8 -1.3
FTA First Trust Large Cap Value AlphaDEX Fund 17.8 60 -26 7.3 +1.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 17.7 20 14 6.6 +0.4
XVV iShares ESG Screened S&P 500 ETF 17.5 8 26 4.9 -1.3
FEX First Trust Large Cap Core AlphaDEX Fund 17.5 60 -26 4.6 -1.5
IWF iShares Russell 1000 Growth ETF 17.5 19 15 3.4 -2.7
SUSA iShares MSCI USA ESG Select ETF 17.4 25 9 4.2 -1.9
RDVY First Trust Rising Dividend Achievers ETF 17.4 50 -16 6.4 +0.2
RNLC Large Cap US Equity Select ETF 17.4 60 -26 5.2 -1.0
VONG Vanguard Russell 1000 Growth Index Fund 17.2 8 26 3.5 -2.6
SPYG SPDR Portfolio S&P 500 Growth ETF 17.2 4 30 3.7 -2.5
IVW iShares S&P 500 Growth ETF 17.2 18 16 3.5 -2.6
JHML John Hancock Multifactor Large Cap ETF 17.2 29 5 4.8 -1.3
IEFN iShares Evolved U.S. Financials ETF 17.1 18 16 7.5 +1.4
STLG iShares Factors US Growth Style ETF 17.1 25 9 3.9 -2.3
DSI iShares MSCI KLD 400 Social ETF 17.0 25 9 4.5 -1.6
IWY iShares Russell Top 200 Growth ETF 17.0 20 14 3.6 -2.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 16.9 20 14 4.8 -1.4
PBP Invesco S&P 500 BuyWrite ETF 16.9 49 -15 4.3 -1.9
JCTR JPMorgan Carbon Transition U.S. Equity ETF 16.8 15 19 4.6 -1.5
STLC iShares Factors US Blend Style ETF 16.7 25 9 4.8 -1.4
CATH Global X S&P 500 Catholic Values Custom ETF 16.7 29 5 4.5 -1.6
XYLG Global X S&P 500 Covered Call & Growth ETF 16.6 60 -26 4.4 -1.8
DIVB iShares U.S. Dividend & Buyback ETF 16.6 25 9 5.9 -0.3
VOO VANGUARD S&P 500 ETF 16.6 3 31 4.8 -1.4
EFIV SPDR S&P 500 ESG ETF 16.6 10 24 4.6 -1.6
SNPE Xtrackers S&P 500 ESG ETF 16.6 10 24 4.6 -1.6
SIXA 6 Meridian Mega Cap Equity ETF 16.6 82 -48 5.8 -0.4
SPY SPDR S&P 500 ETF Trust 16.5 9 25 4.7 -1.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 16.5 20 14 4.6 -1.6
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 16.5 57 -23 3.5 -2.7
IVV iShares Core S&P 500 ETF 16.5 3 31 4.7 -1.4
SPLG SPDR Portfolio Large Cap ETF 16.5 3 31 4.7 -1.4
IUSG iShares Core S&P US Growth ETF 16.5 4 30 3.7 -2.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 16.4 52 -18 4.9 -1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 16.4 10 24 4.8 -1.4
SUSL iShares ESG MSCI USA Leaders ETF 16.4 10 24 4.8 -1.4
SPXE ProShares S&P 500 Ex-Energy ETF 16.3 27 7 4.6 -1.6
RPV Invesco S&P 500 Pure Value ETF 16.3 35 -1 9.9 +3.7
VEGN US Vegan Climate ETF 16.2 60 -26 3.9 -2.2
EQWL Invesco Russell Top 200 Equal Weight ETF 16.2 25 9 5.6 -0.6
FTC First Trust Large Cap Growth AlphaDEX Fund 16.1 61 -27 2.2 -4.0
VFQY Vanguard U.S. Quality Factor ETF 16.1 13 21 5.3 -0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 16.1 7 27 4.5 -1.6
NULG Nuveen ESG Large-Cap Growth ETF 16.1 35 -1 2.9 -3.3
SPMO Invesco S&P 500 Momentum ETF 16.0 13 21 3.8 -2.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 16.0 30 4 5.3 -0.8
MGC Vanguard Mega Cap Index Fund 15.9 7 27 4.6 -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
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 500 GARP ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.9 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 34 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.49
 
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.