Invesco S&P 500 Momentum ETF
ALTAR
Score™
3.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
31.5x P/Sales
ratio
4.8x
P/BV
ratio
8.4x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P 500 Momentum Portfolio tracks an index that selects and weights 100 of the highest-scoring securities by momentum held within the S&P 500.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.invesco.com
Inception date Oct 09, 2015
Assets (mns) $59
Currency USD
Expense ratio 13 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 99
Wgt avg mkt cap (mns) $570,217
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 8.8 %
AMAZON.COM INC 8.5 %
APPLE INC 8.3 %
NVIDIA CORP 6.1 %
FACEBOOK 5.9 %
PAYPAL HOLDINGS INC 3.6 %
NETFLIX INC 2.6 %
ABBVIE INC 2.6 %
ADOBE SYSTEMS INC 2.6 %
HOME DEPOT INC 2.4 %
Total 51.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.2 %
BRITAIN 1.5 %
SWITZERLAND 0.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.5% 20.1% -- -- 14.2%

Market Correlations
versus... Beta R-squared
S&P500 0.91 88%
MSCI EAFE 0.90 72%
MSCI Emg. Mkts. 0.61 51%

Technical Indicators
Recent close $51.12
30d moving avg. $50.44
Annualized volatility 17.3%
Short interest (ETF) 4.7%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 35
Turnover 3.0%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $79,859

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SPMO Expense: 13 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SPMO
Ticker Fund
Name
Overlap1
vs SPMO
(%)
Expense
ratio
(bp)
Savings
vs SPMO
(bp)
ALTAR
Score™
(%)
ALTAR
vs SPMO
(%)
GBGR Global Beta Momentum-Growth ETF 58.7 29 -16 5.1 +1.2
MTUM iShares MSCI USA Momentum Factor ETF 58.5 15 -2 4.0 +0.1
MGK Vanguard Mega Cap Growth ETF 55.0 7 6 3.8 -0.1
VOOG Vanguard S&P 500 Growth ETF 54.5 10 3 4.1 +0.2
IWY iShares Russell Top 200 Growth ETF 53.1 20 -7 3.7 -0.2
IVW iShares S&P 500 Growth ETF 53.0 18 -5 4.0 +0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 53.0 4 9 4.1 +0.2
SCHG Schwab U.S. Large-Cap Growth ETF 52.4 4 9 3.3 -0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 52.2 12 1 4.1 +0.2
QYLD Global X NASDAQ 100 Covered Call ETF 51.7 60 -47 3.3 -0.6
SYG SPDR MFS Systematic Growth Equity ETF 51.4 60 -47 4.0 +0.1
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 51.3 60 -47 3.3 -0.6
NUSI Nationwide Risk-Managed Income ETF 51.2 68 -55 3.5 -0.4
IWF iShares Russell 1000 Growth ETF 50.9 19 -6 3.6 -0.4
QQQM Invesco NASDAQ 100 ETF 50.9 15 -2 3.7 -0.2
QQQ Invesco QQQ Trust 50.9 20 -7 3.7 -0.3
VUG Vanguard Growth Index Fund 50.8 4 9 3.7 -0.3
IUSG iShares Core S&P US Growth ETF 50.7 4 9 4.1 +0.2
VONG Vanguard Russell 1000 Growth Index Fund 50.0 8 5 3.7 -0.2
TMFC Motley Fool 100 Index ETF 48.9 50 -37 3.2 -0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 46.5 60 -47 3.8 -0.1
IGM iShares Expanded Tech Sector ETF 46.5 46 -33 3.5 -0.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 44.9 21 -8 2.8 -1.1
HIPR Direxion High Growth ETF 44.8 40 -27 4.3 +0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 44.3 49 -36 3.9 -0.1
XLG Invesco S&P 500 Top 50 ETF 44.3 20 -7 4.2 +0.3
ESGV Vanguard ESG U.S. Stock ETF 43.9 12 1 4.7 +0.8
IETC iShares Evolved U.S. Technology ETF 43.9 18 -5 3.6 -0.3
FDMO Fidelity Momentum Factor ETF 43.4 29 -16 3.1 -0.8
PWB Invesco Dynamic Large Cap Growth ETF 43.4 56 -43 3.2 -0.7
EFIV SPDR S&P 500 ESG ETF 43.2 10 3 4.7 +0.8
SNPE Xtrackers S&P 500 ESG ETF 43.2 10 3 4.7 +0.8
STLG iShares Factors US Growth Style ETF 43.1 25 -12 4.1 +0.2
IQSU IQ Candriam ESG US Equity ETF 42.2 9 4 4.7 +0.8
OEF iShares S&P 100 ETF 42.2 20 -7 4.5 +0.6
JKE iShares Morningstar Large-Cap Growth ETF 40.8 25 -12 2.8 -1.1
SPXN ProShares S&P 500 Ex-Financials ETF 40.6 27 -14 4.6 +0.7
BKLC BNY Mellon US Large Cap Core Equity ETF 40.2 0 13 4.7 +0.8
IWL iShares Russell Top 200 ETF 40.0 15 -2 4.6 +0.7
LRGE ClearBridge Large Cap Growth ESG ETF 39.9 59 -46 3.5 -0.4
MGC Vanguard Mega Cap Index Fund 39.0 7 6 4.8 +0.8
PBP Invesco S&P 500 BuyWrite ETF 38.6 49 -36 4.6 +0.7
HSPX Global X S&P 500 Covered Call ETF 38.4 60 -47 4.6 +0.7
CATH Global X S&P 500 Catholic Values Custom ETF 38.3 29 -16 4.7 +0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 38.3 20 -7 4.6 +0.7
SPXE ProShares S&P 500 Ex-Energy ETF 38.2 27 -14 4.9 +0.9
TECB iShares US Tech Breakthrough Multisector ETF 38.2 40 -27 3.8 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 38.1 20 -7 4.9 +1.0
SYE SPDR MFS Systematic Core Equity ETF 38.0 60 -47 5.3 +1.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 37.9 9 4 5.2 +1.3
SPXV ProShares S&P 500 Ex-Health Care ETF 37.8 27 -14 4.6 +0.7
XYLG Global X S&P 500 Covered Call & Growth ETF 37.7 60 -47 4.6 +0.7
SPY SPDR S&P 500 ETF Trust 37.4 9 4 4.9 +1.0
SPLG SPDR Portfolio Large Cap ETF 37.3 3 10 5.0 +1.1
IVV iShares Core S&P 500 ETF 37.3 3 10 5.0 +1.1
VOO VANGUARD S&P 500 ETF 36.8 3 10 5.0 +1.1
IYW iShares U.S. Technology ETF 36.5 43 -30 3.6 -0.3
ADME Aptus Drawdown Managed Equity ETF 36.5 79 -66 3.4 -0.5
JMOM JPMorgan U.S. Momentum Factor ETF 36.1 12 1 3.2 -0.7
ESGU iShares MSCI USA ESG Optimized ETF 35.9 15 -2 4.6 +0.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 35.9 7 6 4.8 +0.9
ESG FlexShares STOXX US ESG Impact Index Fund 35.3 32 -19 4.7 +0.8
XLK Technology Select Sector SPDR Fund 35.2 13 0 4.5 +0.6
USXF iShares ESG Advanced MSCI USA ETF 34.9 10 3 4.6 +0.7
AFLG First Trust Active Factor Large Cap ETF 34.9 55 -42 4.9 +1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 34.9 2 11 4.8 +0.9
PBUS Invesco PureBeta MSCI USA ETF 34.9 4 9 4.8 +0.9
ACIO Aptus Collared Income Opportunity ETF 34.4 79 -66 4.3 +0.4
VV Vanguard Large-Cap Index Fund 34.3 4 9 4.8 +0.9
RECS Columbia Research Enhanced Core ETF 34.3 15 -2 5.2 +1.3
SPTM SPDR Portfolio Total Stock Market ETF 34.2 3 10 5.1 +1.1
SCHX Schwab U.S. Large-Cap ETF 33.5 3 10 4.8 +0.8
EXT WisdomTree U.S. Total Earnings Fund 33.2 28 -15 5.2 +1.2
DSI iShares MSCI KLD 400 Social ETF 33.1 25 -12 4.7 +0.8
FTEC Fidelity MSCI Information Technology Index ETF 32.8 8 5 4.2 +0.3
SFY SoFi Select 500 ETF 32.8 0 13 4.7 +0.8
IWB iShares Russell 1000 ETF 32.8 15 -2 4.7 +0.8
SCHK Schwab 1000 Index ETF 32.7 5 8 4.8 +0.9
VGT Vanguard Information Technology Index Fund 32.6 10 3 4.2 +0.3
IYY iShares Dow Jones U.S. ETF 32.4 20 -7 4.6 +0.7
QLC FlexShares US Quality Large Cap Index Fund 32.3 32 -19 4.8 +0.9
VEGN US Vegan Climate ETF 32.1 60 -47 4.7 +0.7
IXN iShares Global Tech ETF 32.0 46 -33 4.1 +0.2
VTHR Vanguard Russell 3000 Index Fund 31.6 10 3 4.6 +0.7
KRMA Global X Conscious Companies ETF 31.6 43 -30 4.8 +0.9
FCPI Fidelity Stocks for Inflation ETF 31.3 29 -16 6.0 +2.1
MMLG First Trust Multi-Manager Large Growth ETF 31.2 85 -72 2.0 -1.9
NACP Impact Shares NAACP Minority Empowerment ETF 31.1 75 -62 4.5 +0.6
JKD iShares Morningstar Large-Cap ETF 31.0 20 -7 5.3 +1.4
FQAL Fidelity Quality Factor ETF 30.8 29 -16 5.1 +1.2
IWV iShares Russell 3000 ETF 30.7 20 -7 4.5 +0.6
SCHB Schwab U.S. Broad Market ETF 30.6 3 10 4.7 +0.8
FVL First Trust Value Line 100 Exchange-Traded Fund 30.6 70 -57 4.9 +0.9
FLRG Fidelity U.S. Multifactor ETF 30.5 29 -16 6.1 +2.2
CACG ClearBridge All Cap Growth ETF 30.4 54 -41 4.0 +0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 30.4 3 10 4.6 +0.7
STLC iShares Factors US Blend Style ETF 30.3 25 -12 4.9 +1.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 30.3 15 -2 5.8 +1.9
SPQQ Siren Large Cap Blend Index ETF 30.2 20 -7 4.4 +0.5
SFYF SoFi 50 ETF 30.2 29 -16 1.0 -2.9

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 Momentum 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 28.1 %
Divided by: Fwd. P/BV 6.9 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 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.