Invesco S&P 500 Momentum ETF
ALTAR
Score™
5.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
22.5x P/Sales
ratio
3.4x
P/BV
ratio
4.6x Div.
yield
1.9%


  • 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) $38
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 100
Wgt avg mkt cap (mns) $267,755
Large cap (>$10bn) 99.4%
Mid cap ($2-10bn) 0.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 11.8 %
PROCTER & GAMBLE CO/THE 7.8 %
VISA INC-CLASS A SHARES 4.6 %
MASTERCARD INC-CLASS A 3.8 %
MERCK & CO. INC. 3.6 %
MCDONALD'S CORP 3.2 %
WAL-MART STORES INC 2.9 %
CISCO SYSTEMS INC 2.9 %
AMERICAN TOWER CORP-CL A 2.7 %
WALT DISNEY CO/THE 2.6 %
Total 45.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.3 %
IRELAND 2.0 %
BRITAIN 0.8 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.6% -6.8% -- -- 8.6%

Market Correlations
versus... Beta R-squared
S&P500 0.89 84%
MSCI EAFE 0.79 65%
MSCI Emg. Mkts. 0.57 50%

Technical Indicators
Recent close $37.53
30d moving avg. $37.41
Annualized volatility 14.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 35
Turnover 3.5%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $64,441

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™: 5.0%


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
(%)
VIG Vanguard Dividend Appreciation Index Fund 38.3 6 7 6.0 +1.1
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 37.4 29 -16 5.3 +0.3
FDLO Fidelity Low Volatility Factor ETF 37.4 29 -16 6.2 +1.2
USMV iShares Edge MSCI Min Vol USA ETF 37.2 15 -2 6.5 +1.5
JMOM JPMorgan U.S. Momentum Factor ETF 36.8 12 1 4.9 -0.1
JKE iShares Morningstar Large-Cap Growth ETF 35.5 25 -12 4.4 -0.6
DSI iShares MSCI KLD 400 Social ETF 34.8 25 -12 6.4 +1.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 33.5 12 1 6.4 +1.4
SUSL iShares ESG MSCI USA Leaders ETF 33.3 10 3 6.6 +1.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 33.0 10 3 6.6 +1.6
VOOG Vanguard S&P 500 Growth ETF 32.8 10 3 5.4 +0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 32.7 4 9 5.5 +0.5
QUS SPDR MSCI USA StrategicFactors ETF 32.7 15 -2 6.9 +1.9
IVW iShares S&P 500 Growth ETF 32.7 18 -5 5.3 +0.3
MGK Vanguard Mega Cap Growth ETF 32.5 7 6 5.3 +0.3
FDMO Fidelity Momentum Factor ETF 32.5 29 -16 5.2 +0.2
XLK Technology Select Sector SPDR Fund 32.4 13 0 5.9 +0.9
VUG Vanguard Growth Index Fund 32.2 4 9 5.2 +0.2
DEF Invesco Defensive Equity ETF 32.0 55 -42 6.0 +1.1
AUSF Global X Adaptive U.S. Factor ETF 31.8 27 -14 9.9 +4.9
FTEC Fidelity MSCI Information Technology Index ETF 31.8 8 5 5.8 +0.8
VGT Vanguard Information Technology Index Fund 31.4 10 3 5.8 +0.8
PFM Invesco Dividend Achievers ETF 31.2 54 -41 6.1 +1.1
IWY iShares Russell Top 200 Growth ETF 31.0 20 -7 5.2 +0.2
IUSG iShares Core S&P US Growth ETF 30.9 4 9 5.5 +0.5
IQSU IQ Candriam ESG US Equity ETF 30.8 9 4 6.3 +1.4
SCHG Schwab U.S. Large-Cap Growth ETF 30.3 4 9 5.3 +0.3
PBP Invesco S&P 500 BuyWrite ETF 30.2 49 -36 6.3 +1.3
IXN iShares Global Tech ETF 30.1 46 -33 5.8 +0.8
PWB Invesco Dynamic Large Cap Growth ETF 30.1 55 -42 4.3 -0.7
IWF iShares Russell 1000 Growth ETF 30.0 19 -6 5.3 +0.4
VONG Vanguard Russell 1000 Growth Index Fund 30.0 8 5 5.4 +0.5
HSPX Global X S&P 500 Covered Call ETF 29.5 65 -52 6.1 +1.1
ESG FlexShares STOXX US ESG Impact Index Fund 29.4 32 -19 6.4 +1.4
FLLV Franklin Liberty U.S. Low Volatility ETF 29.3 29 -16 6.7 +1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 29.2 9 4 6.9 +1.9
SNPE Xtrackers S&P 500 ESG ETF 29.1 11 2 6.5 +1.5
SPXV ProShares S&P 500 Ex-Health Care ETF 29.0 27 -14 6.4 +1.4
YLDE ClearBridge Dividend Strategy ESG ETF 28.9 60 -47 5.8 +0.9
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 28.5 49 -36 6.1 +1.1
SPLV Invesco S&P 500 Low Volatility ETF 28.5 25 -12 6.3 +1.4
SPXE ProShares S&P 500 Ex-Energy ETF 28.4 27 -14 6.6 +1.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 28.4 15 -2 6.5 +1.5
SPXN ProShares S&P 500 Ex-Financials ETF 28.2 27 -14 6.3 +1.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 28.1 20 -7 6.7 +1.7
EDOW First Trust Dow 30 Equal Weight ETF 28.1 50 -37 6.9 +1.9
XLG Invesco S&P 500 Top 50 ETF 28.1 20 -7 5.6 +0.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 28.0 12 1 6.0 +1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 27.8 49 -36 5.1 +0.1
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 27.7 49 -36 6.0 +1.0
SPY SPDR S&P 500 ETF Trust 27.6 9 4 6.7 +1.7
VEGN US Vegan Climate ETF 27.6 60 -47 6.6 +1.7
SPLG SPDR Portfolio Large Cap ETF 27.6 3 10 6.8 +1.8
IVV iShares Core S&P 500 ETF 27.5 4 9 6.7 +1.8
TMFC Motley Fool 100 Index ETF 27.4 50 -37 4.9 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 27.3 20 -7 6.3 +1.3
VOO VANGUARD S&P 500 ETF 27.3 3 10 6.7 +1.8
ACIO Aptus Collared Income Opportunity ETF 27.2 79 -66 6.0 +1.0
MGC Vanguard Mega Cap Index Fund 27.2 7 6 6.5 +1.5
RECS Columbia Research Enhanced Core ETF 27.2 15 -2 7.1 +2.1
SCIU Global X Scientific Beta US ETF 27.0 19 -6 7.2 +2.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 26.9 29 -16 7.7 +2.7
IETC iShares Evolved U.S. Technology ETF 26.9 18 -5 5.0 +0.0
FQAL Fidelity Quality Factor ETF 26.7 29 -16 6.7 +1.7
VV Vanguard Large-Cap Index Fund 26.7 4 9 6.6 +1.6
IWL iShares Russell Top 200 ETF 26.6 15 -2 6.3 +1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 26.5 75 -62 4.6 -0.4
IGM iShares North American Tech ETF 26.5 46 -33 5.1 +0.1
CATH Global X S&P 500 Catholic Values Custom ETF 26.3 29 -16 6.6 +1.6
DIA SPDR Dow Jones Industrial Average ETF Trust 26.3 16 -3 6.9 +1.9
JQUA JPMorgan U.S. Quality Factor ETF 26.3 12 1 6.3 +1.3
OEF iShares S&P 100 ETF 26.1 20 -7 6.0 +1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 26.1 2 11 6.7 +1.7
NACP Impact Shares NAACP Minority Empowerment ETF 25.8 75 -62 5.8 +0.9
PBUS Invesco PureBeta MSCI USA ETF 25.8 4 9 6.7 +1.7
SFY SoFi Select 500 ETF 25.8 0 13 6.3 +1.3
SCHX Schwab U.S. Large-Cap ETF 25.7 3 10 6.7 +1.7
ADME Aptus Drawdown Managed Equity ETF 25.7 81 -68 5.1 +0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 25.6 60 -47 5.6 +0.6
SPTM SPDR Portfolio Total Stock Market ETF 25.5 3 10 6.9 +1.9
NULC Nuveen ESG Large-Cap ETF 25.4 20 -7 6.5 +1.5
QUAL iShares MSCI Usa Quality Factor ETF 25.4 15 -2 6.5 +1.6
ESGV Vanguard ESG U.S. Stock ETF 25.4 12 1 6.6 +1.6
FLQL Franklin LibertyQ U.S. Equity ETF 25.3 15 -2 7.6 +2.6
QLV FlexShares US Quality Low Volatility Index Fund 25.2 22 -9 6.1 +1.1
JMIN JPMorgan U.S. Minimum Volatility ETF 25.2 12 1 6.9 +1.9
IWB iShares Russell 1000 ETF 25.0 15 -2 6.6 +1.6
DLN WisdomTree U.S. LargeCap Dividend Fund 25.0 28 -15 7.6 +2.7
VONE Vanguard Russell 1000 ETF 25.0 8 5 6.7 +1.7
LGLV SPDR Russell 1000 Low Volatility ETF 25.0 12 1 6.6 +1.6
SCHK Schwab 1000 Index ETF 24.9 5 8 6.7 +1.7
CCOR Core Alternative ETF 24.9 123 -110 5.0 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 24.9 15 -2 6.3 +1.4
SPHQ Invesco S&P 500 Quality ETF 24.8 15 -2 6.1 +1.1
IYY iShares Dow Jones U.S. ETF 24.6 20 -7 6.6 +1.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 24.6 19 -6 7.9 +2.9
QYLD Global X NASDAQ 100 Covered Call ETF 24.5 60 -47 4.7 -0.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 24.2 28 -15 7.8 +2.9
NUSI Nationwide Risk-Managed Income ETF 24.2 68 -55 4.6 -0.4
FTCS First Trust Capital Strength ETF 24.1 60 -47 5.8 +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

  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 22.4 %
Divided by: Fwd. P/BV 4.4 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.51
 
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.