Invesco S&P 500 GARP ETF
ALTAR
Score™
7.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
25.0x P/Sales
ratio
1.5x
P/BV
ratio
2.3x Div.
yield
1.6%


  • 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) $221
Currency USD
Expense ratio 35 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 76
Wgt avg mkt cap (mns) $118,097
Large cap (>$10bn) 88.1%
Mid cap ($2-10bn) 11.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FORTINET INC 3.1 %
ARISTA NETWORKS, INC. 3.0 %
REGENERON PHARMACEUTICALS 2.9 %
E*TRADE FINANCIAL CORP 2.3 %
ALPHABET INC. CLASS A 2.1 %
PULTE HOMES INC 2.1 %
ULTA SALON COSMETICS & FRAGR 2.0 %
VISA INC-CLASS A SHARES 1.9 %
LAM RESEARCH CORP 1.9 %
SVB FINANCIAL GROUP 1.8 %
Total 22.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
IRELAND 1.1 %
BRITAIN 0.9 %








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.
-12.1% 8.1% 11.2% -- 13.3%

Market Correlations
versus... Beta R-squared
S&P500 1.23 91%
MSCI EAFE 1.28 85%
MSCI Emg. Mkts. 0.97 74%

Technical Indicators
Recent close $56.07
30d moving avg. $51.14
Annualized volatility 21.8%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.8%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 75
Turnover 1.9%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $57,221

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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: 35 bp ALTAR Score™: 7.3%


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
(%)
FTA First Trust Large Cap Value AlphaDEX Fund 24.2 60 -25 9.1 +1.8
SPYB SPDR S&P 500 Buyback ETF 23.9 35 0 9.5 +2.2
QUAL iShares MSCI Usa Quality Factor ETF 23.6 15 20 5.4 -1.8
QLC FlexShares US Quality Large Cap Index Fund 23.3 32 3 5.6 -1.7
FCPI Fidelity Stocks for Inflation ETF 23.0 29 6 6.8 -0.5
RPG Invesco S&P 500 Pure Growth ETF 22.7 35 0 4.4 -2.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 22.6 19 16 5.7 -1.6
FQAL Fidelity Quality Factor ETF 22.1 29 6 5.5 -1.8
FLQL Franklin LibertyQ U.S. Equity ETF 21.5 15 20 6.3 -1.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 20.9 15 20 6.4 -0.9
FDMO Fidelity Momentum Factor ETF 20.7 29 6 3.9 -3.3
KRMA Global X Conscious Companies ETF 20.6 43 -8 5.3 -2.0
EPS WisdomTree U.S. Earnings 500 Fund 20.6 8 27 6.5 -0.8
LRGF iShares Edge MSCI Multifactor USA ETF 20.3 20 15 7.0 -0.3
JQUA JPMorgan U.S. Quality Factor ETF 20.2 12 23 5.3 -2.0
RECS Columbia Research Enhanced Core ETF 20.1 15 20 5.7 -1.6
ECOZ TrueMark ESG Active Opportunities ETF 20.0 58 -23 4.4 -2.8
FVAL Fidelity Value Factor ETF 19.9 29 6 8.1 +0.9
DSTL Distillate US Fundamental Stability & Value ETF 19.9 39 -4 6.5 -0.8
BUL Pacer US Cash Cows Growth ETF 19.8 60 -25 5.6 -1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 19.7 30 5 6.8 -0.5
VEGN US Vegan Climate ETF 19.6 60 -25 5.3 -2.0
SPHB Invesco S&P 500 High Beta ETF 19.6 25 10 10.1 +2.9
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 19.6 49 -14 9.9 +2.7
AFLG First Trust Active Factor Large Cap ETF 19.3 55 -20 5.6 -1.7
QUS SPDR MSCI USA StrategicFactors ETF 19.2 15 20 5.9 -1.4
SLT Salt TruBeta High Exposure ETF 19.1 29 6 6.7 -0.6
FEX First Trust Large Cap Core AlphaDEX Fund 19.1 60 -25 6.1 -1.2
IUS Invesco Strategic US ETF 19.0 19 16 6.2 -1.1
RYT Invesco S&P 500 Equal Weight Technology ETF 18.9 40 -5 7.4 +0.1
PBP Invesco S&P 500 BuyWrite ETF 18.8 49 -14 5.1 -2.2
EXT WisdomTree U.S. Total Earnings Fund 18.7 28 7 5.8 -1.5
SPVM Invesco S&P 500 Value with Momentum ETF 18.6 39 -4 9.3 +2.1
ESGS Columbia Sustainable U.S. Equity Income ETF 18.6 35 0 9.0 +1.7
HSPX Global X S&P 500 Covered Call ETF 18.5 65 -30 5.0 -2.3
QSY WisdomTree U.S. LargeCap Value Fund 18.5 38 -3 6.8 -0.5
RWL Invesco S&P 500 Revenue ETF 18.4 39 -4 6.8 -0.5
CLRG IQ Chaikin U.S. Large Cap ETF 18.4 25 10 6.1 -1.2
SPXN ProShares S&P 500 Ex-Financials ETF 18.3 27 8 5.1 -2.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 18.3 17 18 6.9 -0.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 18.0 60 -25 4.1 -3.2
DGRW WisdomTree U.S. Quality Dividend Growth Fund 18.0 28 7 6.6 -0.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 18.0 35 0 4.4 -2.9
JHML John Hancock Multifactor Large Cap ETF 18.0 34 1 5.6 -1.7
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 17.9 29 6 4.3 -2.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 17.9 20 15 5.1 -2.2
AVUS Avantis U.S. Equity ETF 17.7 15 20 5.8 -1.4
IWL iShares Russell Top 200 ETF 17.7 15 20 5.2 -2.1
EQRR ProShares Equities for Rising Rates ETF 17.6 35 0 6.0 -1.3
VOOG Vanguard S&P 500 Growth ETF 17.6 10 25 4.4 -2.9
SPYG SPDR Portfolio S&P 500 Growth ETF 17.6 4 31 4.5 -2.8
MGC Vanguard Mega Cap Index Fund 17.6 7 28 5.3 -1.9
IVW iShares S&P 500 Growth ETF 17.6 18 17 4.3 -2.9
SPLG SPDR Portfolio Large Cap ETF 17.6 3 32 5.5 -1.8
IVV iShares Core S&P 500 ETF 17.5 4 31 5.5 -1.8
SPY SPDR S&P 500 ETF Trust 17.5 9 26 5.5 -1.8
VOO VANGUARD S&P 500 ETF 17.5 3 32 5.5 -1.7
SNPE Xtrackers S&P 500 ESG ETF 17.4 11 24 5.2 -2.1
DIVB iShares U.S. Dividend & Buyback ETF 17.4 25 10 6.5 -0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 17.4 9 26 5.6 -1.7
SUSL iShares ESG MSCI USA Leaders ETF 17.3 10 25 5.4 -1.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 17.3 10 25 5.5 -1.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 17.3 20 15 5.5 -1.8
RDVY First Trust Rising Dividend Achievers ETF 17.3 50 -15 7.8 +0.6
IQSU IQ Candriam ESG US Equity ETF 17.1 9 26 5.3 -2.0
VV Vanguard Large-Cap Index Fund 17.1 4 31 5.4 -1.9
SPHQ Invesco S&P 500 Quality ETF 17.0 15 20 5.2 -2.1
SPXV ProShares S&P 500 Ex-Health Care ETF 17.0 27 8 5.2 -2.1
PY Principal Shareholder Yield Index ETF 17.0 29 6 9.3 +2.0
IUSG iShares Core S&P US Growth ETF 17.0 4 31 4.5 -2.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 17.0 60 -25 4.5 -2.7
FLLV Franklin Liberty U.S. Low Volatility ETF 17.0 29 6 5.7 -1.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 16.9 75 -40 3.7 -3.6
CATH Global X S&P 500 Catholic Values Custom ETF 16.9 29 6 5.3 -1.9
SPXE ProShares S&P 500 Ex-Energy ETF 16.9 27 8 5.4 -1.8
PBUS Invesco PureBeta MSCI USA ETF 16.9 4 31 5.4 -1.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 16.8 2 33 5.4 -1.8
DSI iShares MSCI KLD 400 Social ETF 16.7 25 10 5.3 -2.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 16.6 25 10 6.6 -0.7
JVAL JPMorgan U.S. Value Factor ETF 16.6 12 23 8.8 +1.5
IWF iShares Russell 1000 Growth ETF 16.5 19 16 4.3 -2.9
VONG Vanguard Russell 1000 Growth Index Fund 16.5 8 27 4.4 -2.8
SCHX Schwab U.S. Large-Cap ETF 16.5 3 32 5.4 -1.9
RNLC Large Cap US Equity Select ETF 16.5 60 -25 6.2 -1.1
SPTM SPDR Portfolio Total Stock Market ETF 16.4 3 32 5.6 -1.7
RPV Invesco S&P 500 Pure Value ETF 16.4 35 0 11.3 +4.0
ESGU iShares MSCI USA ESG Optimized ETF 16.3 15 20 5.2 -2.1
OEF iShares S&P 100 ETF 16.3 20 15 5.0 -2.3
FDLO Fidelity Low Volatility Factor ETF 16.3 29 6 5.2 -2.1
TTAC TrimTabs Float Shrink ETF 16.3 59 -24 3.6 -3.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 16.3 57 -22 5.1 -2.2
QDF FlexShares Quality Dividend Index Fund 16.3 37 -2 6.9 -0.4
VUG Vanguard Growth Index Fund 16.2 4 31 4.2 -3.1
IWB iShares Russell 1000 ETF 16.2 15 20 5.3 -2.0
SCHG Schwab U.S. Large-Cap Growth ETF 16.1 4 31 4.3 -3.0
ONEY SPDR Russell 1000 Yield Focus ETF 16.1 20 15 8.4 +1.1
IWY iShares Russell Top 200 Growth ETF 16.1 20 15 4.3 -3.0
VONE Vanguard Russell 1000 ETF 16.1 8 27 5.4 -1.9
VLU SPDR S&P 1500 Value Tilt ETF 16.1 12 23 7.4 +0.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 16.0 20 15 7.6 +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 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 16.4 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.