Invesco S&P 500 Quality ETF
ALTAR
Score™
5.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.6x P/Sales
ratio
3.2x
P/BV
ratio
4.6x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco S&P 500 High Quality Portfolio is an exchange-traded fund incorporated in the USA. It normally invests at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide exposure to the constituents of the S&P 500 Index that are identified as stocks reflecting long-term growth and stability of a company's earnings and dividends.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Dec 06, 2005
Assets (mns) $1,859
Currency USD
Expense ratio 15 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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $252,339
Large cap (>$10bn) 97.4%
Mid cap ($2-10bn) 2.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.1 %
VISA INC-CLASS A SHARES 5.5 %
JOHNSON & JOHNSON 5.3 %
MASTERCARD INC-CLASS A 5.3 %
PROCTER & GAMBLE CO/THE 4.4 %
INTEL CORP 4.4 %
CISCO SYSTEMS INC 4.1 %
PAYPAL HOLDINGS INC 4.1 %
MERCK & CO. INC. 3.7 %
PFIZER INC 3.5 %
Total 46.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
IRELAND 1.3 %
SWITZERLAND 0.6 %
BERMUDA 0.1 %
BRITAIN 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.6% 2.9% 9.6% 12.6% 7.0%

Market Correlations
versus... Beta R-squared
S&P500 0.93 96%
MSCI EAFE 0.90 79%
MSCI Emg. Mkts. 0.65 64%

Technical Indicators
Recent close $35.05
30d moving avg. $33.33
Annualized volatility 15.9%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.6%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 1,123
Turnover 2.1%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $47,834

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco S&P 500 Quality ETF ETF based on the alternatives' overlap in portfolio holdings with SPHQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SPHQ Expense: 15 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SPHQ
Ticker Fund
Name
Overlap1
vs SPHQ
(%)
Expense
ratio
(bp)
Savings
vs SPHQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs SPHQ
(%)
QUAL iShares MSCI Usa Quality Factor ETF 47.1 15 0 5.5 +0.3
OUSA O'Shares FTSE US Quality Dividend ETF 47.0 48 -33 5.8 +0.6
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 42.2 75 -60 6.1 +0.9
HLAL Wahed FTSE USA Shariah ETF 40.8 50 -35 4.8 -0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 40.5 19 -4 5.8 +0.6
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 39.9 29 -14 4.4 -0.8
QLC FlexShares US Quality Large Cap Index Fund 39.4 32 -17 5.6 +0.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 38.9 28 -13 6.6 +1.4
QDF FlexShares Quality Dividend Index Fund 38.3 37 -22 6.9 +1.7
QUS SPDR MSCI USA StrategicFactors ETF 37.1 15 0 5.9 +0.7
JQUA JPMorgan U.S. Quality Factor ETF 36.8 12 3 5.3 +0.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 35.8 12 3 4.9 -0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 35.2 49 -34 4.3 -0.9
DIVB iShares U.S. Dividend & Buyback ETF 34.5 25 -10 6.6 +1.4
JKF iShares Morningstar Large Cap Value ETF 34.4 25 -10 7.7 +2.5
DGRO iShares Core Dividend Growth ETF 34.3 8 7 6.6 +1.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 33.5 37 -22 6.9 +1.7
EDOW First Trust Dow 30 Equal Weight ETF 33.3 50 -35 5.9 +0.7
RAFE PIMCO RAFI ESG U.S. ETF 32.9 29 -14 7.8 +2.6
QDEF FlexShares Quality Dividend Defensive Index Fund 32.8 37 -22 6.4 +1.2
VYM Vanguard High Dividend Yield Index ETF 32.0 6 9 7.3 +2.1
DJD Invesco Dow Jones Industrial Average Dividend ETF 32.0 7 8 6.7 +1.5
FTCS First Trust Capital Strength ETF 31.8 60 -45 5.0 -0.2
PWV Invesco Dynamic Large Cap Value ETF 31.8 55 -40 8.4 +3.2
QVM Arrow QVM Equity Factor ETF 31.7 65 -50 5.2 -0.1
XLK Technology Select Sector SPDR Fund 31.7 13 2 5.1 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 31.4 30 -15 6.9 +1.7
FLQL Franklin LibertyQ U.S. Equity ETF 31.3 15 0 6.4 +1.2
FQAL Fidelity Quality Factor ETF 31.2 29 -14 5.5 +0.3
HDV iShares Core High Dividend ETF 31.1 8 7 6.6 +1.4
DIA SPDR Dow Jones Industrial Average ETF Trust 31.0 16 -1 5.7 +0.5
RECS Columbia Research Enhanced Core ETF 30.8 15 0 5.8 +0.6
XLG Invesco S&P 500 Top 50 ETF 30.5 20 -5 4.7 -0.5
MGV Vanguard Mega Cap Value ETF 30.2 7 8 7.2 +2.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 30.2 60 -45 4.6 -0.6
SHE SPDR SSGA Gender Diversity Index ETF 29.9 20 -5 5.6 +0.4
OEF iShares S&P 100 ETF 29.8 20 -5 5.0 -0.2
SCHV Schwab U.S. Large-Cap Value ETF 29.8 4 11 7.2 +2.0
FDRR Fidelity Dividend ETF for Rising Rates 29.5 29 -14 7.1 +1.9
VTV Vanguard Value Index Fund 29.2 4 11 7.4 +2.2
DLN WisdomTree U.S. LargeCap Dividend Fund 29.1 28 -13 6.5 +1.3
SPXN ProShares S&P 500 Ex-Financials ETF 28.9 27 -12 5.2 +0.0
FTEC Fidelity MSCI Information Technology Index ETF 28.7 8 7 4.9 -0.3
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 28.6 49 -34 4.9 -0.3
VGT Vanguard Information Technology Index Fund 28.5 10 5 4.9 -0.3
NACP Impact Shares NAACP Minority Empowerment ETF 28.4 75 -60 4.7 -0.5
QLV FlexShares US Quality Low Volatility Index Fund 28.3 22 -7 5.3 +0.1
IQSU IQ Candriam ESG US Equity ETF 28.3 9 6 5.4 +0.2
IWY iShares Russell Top 200 Growth ETF 28.1 20 -5 4.4 -0.8
PBP Invesco S&P 500 BuyWrite ETF 28.1 49 -34 5.3 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 28.0 15 0 5.3 +0.1
IWL iShares Russell Top 200 ETF 28.0 15 0 5.3 +0.1
EPS WisdomTree U.S. Earnings 500 Fund 27.9 8 7 6.6 +1.4
HSPX Global X S&P 500 Covered Call ETF 27.7 65 -50 5.2 -0.1
VIG Vanguard Dividend Appreciation Index Fund 27.7 6 9 5.3 +0.1
FDLO Fidelity Low Volatility Factor ETF 27.7 29 -14 5.3 +0.1
JOYY Infusive Compounding Global Equities ETF 27.6 50 -35 4.0 -1.2
AFLG First Trust Active Factor Large Cap ETF 27.5 55 -40 6.0 +0.8
QDIV Global X S&P 500 Quality Dividend ETF 27.4 20 -5 8.2 +3.0
IUS Invesco Strategic US ETF 27.4 19 -4 6.4 +1.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 27.4 10 5 5.5 +0.3
SUSL iShares ESG MSCI USA Leaders ETF 27.4 10 5 5.5 +0.3
MGC Vanguard Mega Cap Index Fund 27.3 7 8 5.4 +0.2
FDVV Fidelity Core Dividend ETF 27.3 29 -14 7.5 +2.3
IXN iShares Global Tech ETF 26.9 46 -31 4.9 -0.3
ESG FlexShares STOXX US ESG Impact Index Fund 26.8 32 -17 5.3 +0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 26.8 20 -5 5.2 -0.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 26.8 25 -10 6.7 +1.5
WOMN Impact Shares YWCA Women's Empowerment ETF 26.7 75 -60 4.7 -0.5
SPLG SPDR Portfolio Large Cap ETF 26.5 3 12 5.6 +0.4
DTD WisdomTree U.S.Total Dividend Fund 26.5 28 -13 6.7 +1.5
SPY SPDR S&P 500 ETF Trust 26.5 9 6 5.6 +0.4
IVV iShares Core S&P 500 ETF 26.4 4 11 5.6 +0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 26.4 20 -5 5.6 +0.4
VOO VANGUARD S&P 500 ETF 26.4 3 12 5.6 +0.4
IGM iShares North American Tech ETF 26.3 46 -31 4.1 -1.1
DSTL Distillate US Fundamental Stability & Value ETF 26.3 39 -24 6.6 +1.4
SPXE ProShares S&P 500 Ex-Energy ETF 26.3 27 -12 5.5 +0.3
PFM Invesco Dividend Achievers ETF 26.3 54 -39 5.4 +0.2
SNPE Xtrackers S&P 500 ESG ETF 26.3 11 4 5.3 +0.1
VEGN US Vegan Climate ETF 26.2 60 -45 5.4 +0.2
SYE SPDR MFS Systematic Core Equity ETF 26.2 60 -45 6.0 +0.8
CCOR Core Alternative ETF 26.1 123 -108 4.3 -0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.1 9 6 5.7 +0.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 26.0 52 -37 6.2 +1.0
VOOG Vanguard S&P 500 Growth ETF 25.9 10 5 4.5 -0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 25.9 15 0 6.4 +1.2
VONG Vanguard Russell 1000 Growth Index Fund 25.8 8 7 4.5 -0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 25.8 4 11 4.5 -0.7
IWF iShares Russell 1000 Growth ETF 25.8 19 -4 4.4 -0.8
IVW iShares S&P 500 Growth ETF 25.7 18 -3 4.4 -0.8
TMFC Motley Fool 100 Index ETF 25.7 50 -35 4.1 -1.2
PBUS Invesco PureBeta MSCI USA ETF 25.5 4 11 5.6 +0.4
QYLD Global X NASDAQ 100 Covered Call ETF 25.5 60 -45 3.8 -1.4
VV Vanguard Large-Cap Index Fund 25.5 4 11 5.5 +0.3
FVAL Fidelity Value Factor ETF 25.4 29 -14 8.4 +3.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 25.1 15 0 4.8 -0.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 25.1 2 13 5.6 +0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 25.0 25 -10 6.7 +1.5
NUSI Nationwide Risk-Managed Income ETF 24.9 68 -53 3.8 -1.4

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 Quality ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 23.1 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.52
 
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.