Invesco S&P 500 Low Volatility
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
The Invesco S&P 500 Low Volatility Portfolio seeks results that correspond (before fees and expenses) generally to the price and yield of the S&P 500 Low Volatility Index. |
Category | US Equities |
Fund Sponsor | Invesco PowerShares |
Website | www.powershares.com |
Inception date | May 05, 2011 |
Assets (mns) | $12,454 |
Currency | USD |
Expense ratio | 25 bp |
Distributions | Monthly |
Regulation | Open-Ended Fund |
Custodian | Bank of New York Mellon |
Weighting | Volatility |
Index replication | Full |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 101 |
Wgt avg mkt cap (mns) | $66,589 |
Large cap (>$10bn) | 93.0% |
Mid cap ($2-10bn) | 7.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
EVERSOURCE ENERGY | 1.3 % |
REPUBLIC SERVICES INC | 1.2 % |
DTE ENERGY COMPANY | 1.2 % |
DUKE ENERGY CORP | 1.2 % |
AMERICAN ELECTRIC POWER | 1.2 % |
NEXTERA ENERGY GROUP | 1.2 % |
SOUTHERN CO | 1.2 % |
WESTAR ENERGY INC | 1.2 % |
ALLIANT ENERGY CORP | 1.2 % |
CMS ENERGY CORP | 1.2 % | Total | 12.1 % |
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UNITED STATES | 95.2 % |
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IRELAND | 1.9 % |
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SWITZERLAND | 1.0 % |
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BERMUDA | 0.9 % |
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BRITAIN | 0.9 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
25.7% | 17.1% | 11.3% | -- | 13.1% |
versus... | Beta | R-squared |
S&P500 | 0.59 | 65% |
MSCI EAFE | 0.51 | 40% |
MSCI Emg. Mkts. | 0.34 | 28% |
Recent close | $57.43 |
30d moving avg. | $57.20 |
Annualized volatility | 8.8% |
Short interest (ETF) | 3.0% |
Short interest (Underlying) | 2.8% |
Relative strength (RSI) | 49 |
Avg. volume (thou.) | 3,714 |
Turnover | 1.7% |
Bid/Ask (% of price) | 0.02% |
ADV underlying (mns) | $25,356 |
FINDING ALTERNATIVE FUNDS
Below is a list of 20 potential alternatives to the Invesco S&P 500 Low Volatility ETF based on the alternatives' overlap in portfolio holdings with SPLV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | SPLV | Expense: | 25 bp | ALTAR Score™: | 5.2% |
Ticker | Fund Name |
Overlap1 vs SPLV (%) |
Expense ratio (bp) |
Savings vs SPLV (bp) |
ALTAR Score™ (%) |
ALTAR vs SPLV (%) |
LVHB | Elkhorn Lunt Low Vol/High Beta Tactical | 99.5 | 52 | -27 | 5.0 | -0.2 |
HUSV | First Trust Horizon Managed Volatility Domestic | 61.1 | 70 | -45 | 4.9 | -0.4 |
USMV | iShares MSCI USA Minimum Volatility | 45.9 | 15 | 10 | 5.2 | -0.1 |
LSLT | Salt Low truBeta US Market | 43.3 | 0 | 25 | 6.7 | +1.4 |
XRLV | Invesco S&P 500 ex-Rate Sensitive Low Volatility | 43.3 | 25 | 0 | 5.9 | +0.7 |
LGLV | SPDR Russell 1000 Low Volatility | 42.1 | 12 | 13 | 5.2 | -0.0 |
DEF | Invesco Defensive Equity | 38.3 | 59 | -34 | 4.9 | -0.4 |
FDLO | Fidelity Low Volatility Factor | 35.6 | 29 | -4 | 5.4 | +0.1 |
JMIN | JPMorgan U.S. Minimum Volatility | 35.1 | 12 | 13 | 5.6 | +0.4 |
KLCD | KFA Large Cap Quality Dividend Index | 34.5 | 41 | -16 | 5.0 | -0.2 |
RBUS | Nationwide Risk-Based U.S. Equity | 33.5 | 30 | -5 | 6.1 | +0.8 |
FLLV | Franklin Liberty U.S. Low Volatility | 33.5 | 29 | -4 | 5.3 | +0.0 |
FCTR | First Trust Lunt U.S. Factor Rotation | 32.8 | 65 | -40 | 5.6 | +0.4 |
LVUS | Hartford Multifactor Low Volatility US Equity | 32.6 | 21 | 4 | 5.8 | +0.6 |
SCIU | Global X Scientific Beta US | 32.2 | 19 | 6 | 5.7 | +0.5 |
DVOL | First Trust Dorsey Wright Momentum & Low Volatility | 30.8 | 60 | -35 | 4.5 | -0.7 |
FVD | First Trust Value Line Dividend | 30.6 | 70 | -45 | 5.8 | +0.5 |
NFO | Invesco Insider Sentiment | 29.2 | 66 | -41 | 4.5 | -0.8 |
OVOL | Invesco Russell 1000 Low Volatility Factor ETF | 28.5 | 19 | 6 | 5.6 | +0.4 |
SPMV | Invesco S&P 500 Minimum Variance | 28.2 | 10 | 15 | 6.1 | +0.8 |
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
2014 | 2015 | 2016 | 2017 | 2018 | 2019E | 2020E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
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 |
*Six months ago = 100 |
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VALUATION METRICS
2018 | 2019E | 2020E | |
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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 Low Volatility | |||
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™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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