Invesco S&P 500 High Dividend Low Volatility ETF
ALTAR
Score™
7.7% info Recommen-
dation
SPECULATIVE
2021E    2022E
P/E
ratio
13.2x P/Sales
ratio
1.3x
P/BV
ratio
1.9x Div.
yield
4.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P 500 High Dividend Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility High Dividend Index (the "Underlying Index").

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Oct 18, 2012
Assets (mns) $2,633
Currency USD
Expense ratio 30 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Dividend
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $50,242
Large cap (>$10bn) 78.0%
Mid cap ($2-10bn) 22.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 3.2 %
CENTURYTEL INC 3.1 %
IRON MOUNTAIN INC 3.1 %
ALTRIA GROUP INC 3.0 %
AT&T INC 2.9 %
KINDER MORGAN INC 2.8 %
CHEVRON CORP 2.7 %
PEOPLE'S UNITED FINANCIAL 2.7 %
PHILIP MORRIS INTERNATIONAL 2.6 %
PPL CORPORATION 2.5 %
Total 28.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
IRELAND 2.2 %
BRITAIN 1.7 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
5.3% 9.0% 7.2% -- 9.9%

Market Correlations
versus... Beta R-squared
S&P500 0.95 79%
MSCI EAFE 0.96 79%
MSCI Emg. Mkts. 0.80 68%

Technical Indicators
Recent close $39.27
30d moving avg. $39.25
Annualized volatility 19.8%
Short interest (ETF) 1.0%
Short interest (Underlying) 3.3%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 828
Turnover 1.2%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $15,598

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Invesco S&P 500 High Dividend Low Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with SPHD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SPHD Expense: 30 bp ALTAR Score™: 7.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SPHD
Ticker Fund
Name
Overlap1
vs SPHD
(%)
Expense
ratio
(bp)
Savings
vs SPHD
(bp)
ALTAR
Score™
(%)
ALTAR
vs SPHD
(%)
SDOG ALPS Sector Dividend Dogs ETF 62.9 40 -10 8.1 +0.5
DTN WisdomTree U.S. Dividend ex-Financials Fund 51.2 38 -8 7.1 -0.6
SPYD SPDR S&P 500 High Dividend ETF 48.5 7 23 8.5 +0.8
SPDV AAM S&P 500 High Dividend Value ETF 43.4 29 1 7.8 +0.1
PEY Invesco High Yield Equity Dividend Achievers ETF 41.0 52 -22 7.8 +0.1
GBDV Global Beta Smart Income ETF 40.7 29 1 7.8 +0.1
DHS WisdomTree U.S. High Dividend Fund 40.3 38 -8 8.2 +0.5
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 35.4 35 -5 7.5 -0.2
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 35.3 35 -5 7.6 -0.1
DVY iShares Select Dividend ETF 31.1 39 -9 7.6 -0.1
FDL First Trust Morningstar Dividend Leaders Index Fund 30.2 45 -15 9.0 +1.3
SDY SPDR S&P Dividend ETF 28.1 35 -5 6.2 -1.5
LVHD Legg Mason Low Volatility High Dividend ETF 27.6 27 3 7.9 +0.2
RNDV US Equity Dividend Select ETF 27.4 50 -20 7.2 -0.5
DEW WisdomTree Global High Dividend Fund 26.2 58 -28 8.6 +0.9
GCOW Pacer Global High Dividend ETF 26.0 60 -30 9.9 +2.3
DIV Global X SuperDividend US ETF 24.9 46 -16 5.9 -1.7
DURA VanEck Vectors Morningstar Durable Dividend ETF 24.4 29 1 8.2 +0.5
SIXA 6 Meridian Mega Cap Equity ETF 24.4 82 -52 6.3 -1.4
VYM Vanguard High Dividend Yield Index ETF 24.2 6 24 6.8 -0.9
JKF iShares Morningstar Large Cap Value ETF 24.2 25 5 6.9 -0.8
WBIY WBI Power Factor High Dividend ETF 23.4 70 -40 8.6 +1.0
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 22.8 75 -45 5.2 -2.5
NOBL ProShares S&P 500 Dividend Aristocrats ETF 22.8 35 -5 5.7 -2.0
DLN WisdomTree U.S. LargeCap Dividend Fund 22.6 28 2 6.4 -1.3
HDV iShares Core High Dividend ETF 21.7 8 22 6.4 -1.3
RDIV Invesco S&P Ultra Dividend Revenue ETF 21.5 39 -9 7.9 +0.2
DTD WisdomTree U.S.Total Dividend Fund 21.2 28 2 6.4 -1.3
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 20.6 75 -45 6.0 -1.7
JDIV JPMorgan U.S. Dividend ETF 20.5 12 18 6.5 -1.2
MGV Vanguard Mega Cap Value ETF 20.0 7 23 6.6 -1.1
VOOV Vanguard S&P 500 Value ETF 20.0 10 20 6.2 -1.5
SCHD Schwab U.S. Dividend Equity ETF 19.8 6 24 7.0 -0.6
FDRR Fidelity Dividend ETF for Rising Rates 19.6 29 1 6.1 -1.6
FDVV Fidelity Core Dividend ETF 19.2 29 1 6.1 -1.6
VLUE iShares MSCI USA Value Factor ETF 19.1 15 15 9.3 +1.7
RYU Invesco S&P 500 Equal Weight Utilities ETF 18.6 40 -10 6.6 -1.1
TPHD Timothy Plan High Dividend Stock ETF 18.6 52 -22 5.7 -2.0
QDIV Global X S&P 500 Quality Dividend ETF 18.6 20 10 6.6 -1.1
JHMU John Hancock Multifactor Utilities ETF 18.5 40 -10 6.4 -1.3
COWZ Pacer US Cash Cows 100 ETF 18.5 49 -19 9.6 +1.9
VTV Vanguard Value Index Fund 18.2 4 26 6.6 -1.1
FTA First Trust Large Cap Value AlphaDEX Fund 18.2 60 -30 7.2 -0.5
FXU First Trust Utilities AlphaDEX Fund 17.8 63 -33 6.3 -1.3
XLU Utilities Select Sector SPDR Fund 17.5 12 18 6.0 -1.7
QDEF FlexShares Quality Dividend Defensive Index Fund 17.5 37 -7 5.7 -2.0
LSLT Salt Low truBeta US Market ETF 17.5 60 -30 5.9 -1.8
EQWL Invesco Russell Top 200 Equal Weight ETF 17.3 25 5 5.8 -1.9
SPVM Invesco S&P 500 Value with Momentum ETF 17.1 39 -9 7.7 -0.0
KVLE KFA Value Liner Dynamic Core Equity Index ETF 17.1 56 -26 5.8 -1.9
IWX iShares Russell Top 200 Value ETF 17.0 20 10 6.1 -1.6
ESGS Columbia Sustainable U.S. Equity Income ETF 16.9 35 -5 7.5 -0.1
IDU iShares U.S. Utilities ETF 16.8 43 -13 6.0 -1.7
SPYV SPDR Portfolio S&P 500 Value ETF 16.7 4 26 6.3 -1.4
VPU Vanguard Utilities Index Fund 16.6 10 20 6.2 -1.5
IVE iShares S&P 500 Value ETF 16.6 18 12 6.1 -1.6
FUTY Fidelity MSCI Utilities Index ETF 16.5 8 22 6.2 -1.5
GBLO Global Beta Low Beta ETF 16.1 29 1 7.5 -0.2
VALQ American Century STOXX U.S. Quality Value ETF 15.9 29 1 7.7 +0.0
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 15.6 40 -10 6.1 -1.6
DIVB iShares U.S. Dividend & Buyback ETF 15.6 25 5 6.0 -1.7
IUSV iShares Core S&P U.S. Value ETF 15.5 4 26 6.3 -1.4
RPV Invesco S&P 500 Pure Value ETF 15.4 35 -5 9.1 +1.4
JHMS John Hancock Multifactor Consumer Staples ETF 15.2 40 -10 5.5 -2.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 15.1 25 5 5.6 -2.1
QSY WisdomTree U.S. LargeCap Value Fund 15.1 38 -8 6.9 -0.8
PFM Invesco Dividend Achievers ETF 15.1 53 -23 5.2 -2.5
FUNL CornerCap Fundametrics Large-Cap ETF 15.0 50 -20 7.2 -0.5
PRF Invesco FTSE RAFI US 1000 ETF 14.4 39 -9 5.7 -2.0
VONV Vanguard Russell 1000 Value Index Fund 14.4 8 22 6.1 -1.6
JKI iShares Morningstar Mid-Cap Value ETF 14.2 30 0 6.9 -0.7
ROUS Hartford Multifactor US Equity ETF 14.0 19 11 6.1 -1.6
DJD Invesco Dow Jones Industrial Average Dividend ETF 14.0 7 23 6.5 -1.2
EDOW First Trust Dow 30 Equal Weight ETF 14.0 50 -20 5.3 -2.4
FMK First Trust Mega Cap AlphaDEX Fund 14.0 70 -40 0.0 -7.7
SCHV Schwab U.S. Large-Cap Value ETF 13.9 4 26 6.1 -1.6
JXI iShares Global Utilities ETF 13.9 46 -16 6.0 -1.7
CCOR Core Alternative ETF 13.9 109 -79 4.7 -3.0
VFVA Vanguard U.S. Value Factor ETF 13.8 14 16 8.2 +0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 13.7 25 5 5.5 -2.2
SPLV Invesco S&P 500 Low Volatility ETF 13.7 25 5 5.7 -2.0
JMIN JPMorgan U.S. Minimum Volatility ETF 13.7 12 18 5.5 -2.2
MAGA Point Bridge GOP Stock Tracker ETF 13.7 72 -42 5.2 -2.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 13.6 37 -7 5.7 -2.0
XLP Consumer Staples Select Sector SPDR Fund 13.5 12 18 5.5 -2.2
QDF FlexShares Quality Dividend Index Fund 13.4 37 -7 5.6 -2.1
AUSF Global X Adaptive U.S. Factor ETF 13.4 27 3 7.8 +0.1
FLQL Franklin LibertyQ U.S. Equity ETF 13.4 15 15 6.0 -1.6
RWL Invesco S&P 500 Revenue ETF 13.4 39 -9 6.1 -1.6
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 13.3 35 -5 6.9 -0.8
PWV Invesco Dynamic Large Cap Value ETF 13.2 56 -26 7.0 -0.7
JVAL JPMorgan U.S. Value Factor ETF 13.2 12 18 7.1 -0.6
IWD iShares Russell 1000 Value ETF 13.2 19 11 5.9 -1.7
NULV Nuveen ESG Large-Cap Value ETF 13.1 35 -5 6.2 -1.5
IUS Invesco Strategic US ETF 13.0 19 11 5.2 -2.5
FSTA Fidelity MSCI Consumer Staples Index ETF 12.8 8 22 5.4 -2.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 12.7 52 -22 5.1 -2.6

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 High Dividend Low Volatility ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.4 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.71 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.