Invesco S&P 500 Enhanced Value ETF
ALTAR
Score™
11.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
17.4x P/Sales
ratio
0.6x
P/BV
ratio
0.9x Div.
yield
3.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco S&P 500 Value Portfolio tracks an index composed of 100 of the highest-scoring securities by value 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) $73
Currency USD
Expense ratio 13 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $68,506
Large cap (>$10bn) 90.4%
Mid cap ($2-10bn) 9.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AT&T INC 5.1 %
CITIGROUP INC 5.0 %
CVS CAREMARK CORP 4.8 %
BANK OF AMERICA CORP 4.8 %
EXXON MOBIL CORP 4.8 %
WELLS FARGO & CO 4.3 %
RAYTHEON TECHNOLOGIES CORPORATION 3.5 %
CIGNA CORP 3.0 %
ANTHEM INC 2.4 %
GOLDMAN SACHS GROUP INC 2.3 %
Total 40.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
IRELAND 1.1 %
BRITAIN 1.0 %
BERMUDA 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-26.6% -17.6% -- -- 1.4%

Market Correlations
versus... Beta R-squared
S&P500 1.33 86%
MSCI EAFE 1.40 82%
MSCI Emg. Mkts. 1.02 69%

Technical Indicators
Recent close $27.99
30d moving avg. $28.80
Annualized volatility 24.4%
Short interest (ETF) 0.4%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 25
Turnover 1.0%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $35,385

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SPVU Expense: 13 bp ALTAR Score™: 11.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SPVU
Ticker Fund
Name
Overlap1
vs SPVU
(%)
Expense
ratio
(bp)
Savings
vs SPVU
(bp)
ALTAR
Score™
(%)
ALTAR
vs SPVU
(%)
RPV Invesco S&P 500 Pure Value ETF 48.7 35 -22 11.1 -0.3
VLUE iShares Edge MSCI USA Value Factor ETF 40.1 15 -2 11.3 -0.1
IEFN iShares Evolved U.S. Financials ETF 37.7 18 -5 9.3 -2.0
FTA First Trust Large Cap Value AlphaDEX Fund 35.7 60 -47 9.2 -2.2
SPVM Invesco S&P 500 Value with Momentum ETF 34.2 39 -26 9.1 -2.3
XLF Financial Select Sector SPDR Fund 34.2 13 0 8.3 -3.0
PWV Invesco Dynamic Large Cap Value ETF 32.1 55 -42 8.8 -2.6
RWL Invesco S&P 500 Revenue ETF 32.0 39 -26 7.2 -4.2
JKI iShares Morningstar Mid-Cap Value ETF 31.0 30 -17 9.2 -2.2
VFH Vanguard Financials Index Fund 30.1 10 3 8.9 -2.5
FNCL Fidelity MSCI Financials Index ETF 29.6 8 5 8.9 -2.5
REVS Columbia Research Enhanced Value ETF 28.9 19 -6 7.7 -3.6
VLU SPDR S&P 1500 Value Tilt ETF 28.2 12 1 7.4 -3.9
RYF Invesco S&P 500 Equal Weight Financials ETF 27.1 40 -27 9.7 -1.6
RAFE PIMCO RAFI ESG U.S. ETF 26.5 29 -16 7.8 -3.6
IYG iShares US Financial Services ETF 25.6 42 -29 6.9 -4.5
PKW Invesco Buyback Achievers ETF 25.3 62 -49 6.7 -4.6
JHMF John Hancock Multifactor Financials ETF 25.3 40 -27 7.8 -3.6
FAB First Trust Multi Cap Value AlphaDEX Fund 25.1 71 -58 9.5 -1.8
VFVA Vanguard U.S. Value Factor ETF 24.6 14 -1 11.5 +0.2
ONEY SPDR Russell 1000 Yield Focus ETF 24.3 20 -7 9.3 -2.1
JKF iShares Morningstar Large Cap Value ETF 24.0 25 -12 7.6 -3.8
ESGS Columbia Sustainable U.S. Equity Income ETF 23.5 35 -22 8.5 -2.9
SYV SPDR MFS Systematic Value Equity ETF 23.5 60 -47 7.4 -3.9
JVAL JPMorgan U.S. Value Factor ETF 23.4 12 1 8.7 -2.6
SPYB SPDR S&P 500 Buyback ETF 23.4 0 13 0.0 -11.4
RDIV Invesco S&P Ultra Dividend Revenue ETF 23.3 39 -26 11.1 -0.3
PVAL Principal Contrarian Value Index ETF 23.3 29 -16 10.1 -1.3
VALQ American Century STOXX U.S. Quality Value ETF 23.1 29 -16 9.1 -2.3
FDL First Trust Morningstar Dividend Leaders Index Fund 22.6 45 -32 10.3 -1.1
KBWB Invesco KBW Bank ETF 22.6 35 -22 10.3 -1.1
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 22.3 49 -36 9.2 -2.2
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 22.3 35 -22 8.6 -2.7
SPHB Invesco S&P 500 High Beta ETF 22.3 25 -12 9.4 -2.0
VOOV Vanguard S&P 500 Value ETF 22.3 15 -2 7.3 -4.0
FEX First Trust Large Cap Core AlphaDEX Fund 22.0 60 -47 6.0 -5.4
SPYV SPDR Portfolio S&P 500 Value ETF 21.9 4 9 7.4 -4.0
IVE iShares S&P 500 Value ETF 21.9 18 -5 7.3 -4.1
DVY iShares Select Dividend ETF 21.6 39 -26 9.7 -1.7
PRF Invesco FTSE RAFI US 1000 ETF 21.6 39 -26 6.8 -4.6
FMK First Trust Mega Cap AlphaDEX Fund 21.5 70 -57 5.1 -6.2
DIVB iShares U.S. Dividend & Buyback ETF 21.3 25 -12 6.6 -4.8
IYF iShares U.S. Financials ETF 21.1 42 -29 7.1 -4.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 21.0 25 -12 6.5 -4.9
VTV Vanguard Value Index Fund 20.9 4 9 7.4 -3.9
USDY Pacific Global US Equity Income ETF 20.8 29 -16 7.2 -4.1
MGV Vanguard Mega Cap Value ETF 20.8 7 6 7.3 -4.1
IUSV iShares Core S&P U.S. Value ETF 20.5 4 9 7.5 -3.9
MAGA Point Bridge GOP Stock Tracker ETF 20.4 72 -59 6.5 -4.8
FVAL Fidelity Value Factor ETF 20.2 29 -16 8.0 -3.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 20.1 20 -7 7.6 -3.8
IUS Invesco Strategic US ETF 19.7 19 -6 6.7 -4.7
VONV Vanguard Russell 1000 Value Index Fund 19.7 8 5 7.3 -4.1
AUSF Global X Adaptive U.S. Factor ETF 19.6 27 -14 7.9 -3.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 19.4 25 -12 6.5 -4.8
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 19.1 35 -22 8.6 -2.7
RSP Invesco S&P 500 Equal Weight ETF 18.9 20 -7 6.7 -4.7
DHS WisdomTree U.S. High Dividend Fund 18.8 38 -25 8.6 -2.7
EQWL Invesco Russell Top 200 Equal Weight ETF 18.8 25 -12 6.1 -5.3
SLT Salt TruBeta High Exposure ETF 18.8 29 -16 9.3 -2.0
WBIY WBI Power Factor High Dividend ETF 18.7 70 -57 12.2 +0.8
GBDV Global Beta Smart Income ETF 18.7 29 -16 8.8 -2.6
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 18.6 15 -2 6.8 -4.5
TUSA First Trust Total US Market AlphaDEX ETF 18.5 70 -57 5.9 -5.4
LRGF iShares Edge MSCI Multifactor USA ETF 18.4 20 -7 7.3 -4.1
RDVY First Trust Rising Dividend Achievers ETF 18.2 50 -37 7.9 -3.5
SCHV Schwab U.S. Large-Cap Value ETF 18.2 4 9 7.2 -4.2
PY Principal Shareholder Yield Index ETF 18.2 29 -16 9.5 -1.9
SPDV AAM S&P 500 High Dividend Value ETF 17.8 29 -16 10.9 -0.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 17.7 29 -16 8.2 -3.2
IWX iShares Russell Top 200 Value ETF 17.5 20 -7 7.1 -4.2
RNDV US Equity Dividend Select ETF 17.5 50 -37 7.6 -3.8
IXG iShares Global Financials ETF 17.4 46 -33 9.8 -1.6
SYLD Cambria Shareholder Yield ETF 17.3 59 -46 8.9 -2.5
CLRG IQ Chaikin U.S. Large Cap ETF 17.2 25 -12 6.0 -5.4
VOE Vanguard Mid-Cap Value Index Fund 17.1 7 6 8.0 -3.4
EPS WisdomTree U.S. Earnings 500 Fund 17.1 8 5 6.4 -4.9
IWD iShares Russell 1000 Value ETF 17.0 19 -6 7.2 -4.2
VETS Pacer Military Times Best Employers ETF 16.7 60 -47 6.9 -4.5
DLN WisdomTree U.S. LargeCap Dividend Fund 16.5 28 -15 6.4 -5.0
VYM Vanguard High Dividend Yield Index ETF 16.4 6 7 7.4 -4.0
TTFS AdvisorShares Wilshire Buyback ETF 16.4 91 -78 6.1 -5.2
DFNL Davis Select Financial ETF 16.2 64 -51 8.4 -2.9
IWS iShares Russell Mid-Cap Value ETF 15.9 24 -11 7.2 -4.1
NULV Nuveen ESG Large-Cap Value ETF 15.9 35 -22 7.4 -4.0
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 15.8 29 -16 9.8 -1.6
SPYD SPDR S&P 500 High Dividend ETF 15.6 7 6 10.4 -1.0
RNLC Large Cap US Equity Select ETF 15.5 60 -47 6.2 -5.2
DTD WisdomTree U.S.Total Dividend Fund 15.4 28 -15 6.6 -4.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 15.4 17 -4 6.5 -4.9
QLC FlexShares US Quality Large Cap Index Fund 15.4 32 -19 5.3 -6.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 15.1 15 -2 6.2 -5.2
FTXO First Trust Nasdaq Bank ETF 14.9 60 -47 9.0 -2.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 14.9 30 -17 6.5 -4.9
VUSE Vident Core US Equity Fund 14.8 48 -35 8.3 -3.1
SIZE iShares Edge MSCI USA Size Factor ETF 14.5 15 -2 6.3 -5.1
EUSA iShares MSCI USA Equal Weighted ETF 14.4 15 -2 6.3 -5.1
FXO First Trust Financials AlphaDEX Fund 14.1 63 -50 11.6 +0.2
ROUS Hartford Multifactor US Equity ETF 14.1 19 -6 7.3 -4.1
PMOM Principal Sustainable Momentum Index ETF 14.1 29 -16 9.0 -2.4

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Enhanced Value 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 10.4 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 11.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.