Invesco S&P 500 Enhanced Value ETF
ALTAR
Score™
15.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
7.8x P/Sales
ratio
0.5x
P/BV
ratio
0.7x Div.
yield
4.8%


  • 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) $62
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 100
Wgt avg mkt cap (mns) $57,164
Large cap (>$10bn) 87.1%
Mid cap ($2-10bn) 12.7%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AT&T INC 6.0 %
CVS CAREMARK CORP 5.3 %
BANK OF AMERICA CORP 5.0 %
CITIGROUP INC 4.4 %
WELLS FARGO & CO 4.2 %
CIGNA CORP 4.1 %
GOLDMAN SACHS GROUP INC 2.9 %
ANTHEM INC 2.6 %
GENERAL MOTORS CO 2.5 %
WALGREENS BOOTS ALLIANCE INC 2.4 %
Total 39.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.9 %
IRELAND 1.2 %
BRITAIN 1.1 %








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.
-38.2% -27.3% -- -- -2.5%

Market Correlations
versus... Beta R-squared
S&P500 1.37 83%
MSCI EAFE 1.35 79%
MSCI Emg. Mkts. 1.03 66%

Technical Indicators
Recent close $22.41
30d moving avg. $27.84
Annualized volatility 22.9%
Short interest (ETF) 0.9%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 64
Turnover 2.3%
Bid/Ask (% of price) 0.62%
ADV underlying (mns) $23,300

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™: 15.9%


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 51.2 35 -22 17.6 +1.7
VLUE iShares Edge MSCI USA Value Factor ETF 44.0 15 -2 14.4 -1.5
FTA First Trust Large Cap Value AlphaDEX Fund 37.4 60 -47 12.1 -3.8
IEFN iShares Evolved U.S. Financials ETF 34.1 18 -5 12.1 -3.8
XLF Financial Select Sector SPDR Fund 30.9 13 0 10.8 -5.1
CLRG IQ Chaikin U.S. Large Cap ETF 30.7 25 -12 11.5 -4.4
PWV Invesco Dynamic Large Cap Value ETF 30.4 55 -42 10.6 -5.4
VFH Vanguard Financials Index Fund 28.1 10 3 11.7 -4.3
FNCL Fidelity MSCI Financials Index ETF 27.4 8 5 11.7 -4.3
RAFE PIMCO RAFI ESG U.S. ETF 26.9 29 -16 10.3 -5.6
REVS Columbia Research Enhanced Value ETF 26.9 19 -6 9.9 -6.1
FAB First Trust Multi Cap Value AlphaDEX Fund 25.7 71 -58 13.3 -2.7
RWL Invesco S&P 500 Revenue ETF 25.5 39 -26 9.2 -6.7
VFVA Vanguard U.S. Value Factor ETF 25.3 13 0 16.5 +0.6
JHMF John Hancock Multifactor Financials ETF 24.1 40 -27 10.7 -5.2
RYF Invesco S&P 500 Equal Weight Financials ETF 23.9 40 -27 11.9 -4.1
PKW Invesco Buyback Achievers ETF 23.8 62 -49 9.4 -6.6
FDL First Trust Morningstar Dividend Leaders Index Fund 23.6 45 -32 10.9 -5.0
IYG iShares US Financial Services ETF 23.3 42 -29 9.8 -6.2
ESGS Columbia Sustainable U.S. Equity Income ETF 23.3 35 -22 12.1 -3.8
JKF iShares Morningstar Large Cap Value ETF 22.8 25 -12 9.5 -6.4
EQRR ProShares Equities for Rising Rates ETF 22.7 35 -22 11.7 -4.3
VLU SPDR S&P 1500 Value Tilt ETF 22.3 12 1 9.6 -6.4
USDY Pacific Global US Equity Income ETF 22.2 29 -16 10.5 -5.4
JKI iShares Morningstar Mid-Cap Value ETF 22.0 30 -17 13.5 -2.4
JVAL JPMorgan U.S. Value Factor ETF 21.8 12 1 11.9 -4.0
SYV SPDR MFS Systematic Value Equity ETF 21.5 60 -47 9.8 -6.1
FLAG FLAG-Forensic Accounting Long Short ETF 21.2 152 -139 11.1 -4.9
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 21.1 35 -22 11.3 -4.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 20.5 20 -7 10.4 -5.5
FEX First Trust Large Cap Core AlphaDEX Fund 20.4 60 -47 8.1 -7.9
VALQ American Century STOXX U.S. Quality Value ETF 20.4 29 -16 11.5 -4.4
FMK First Trust Mega Cap AlphaDEX Fund 20.2 70 -57 7.0 -8.9
SPYB SPDR S&P 500 Buyback ETF 20.2 35 -22 11.6 -4.3
KBWB Invesco KBW Bank ETF 19.8 35 -22 14.1 -1.9
FVAL Fidelity Value Factor ETF 19.8 29 -16 11.0 -5.0
SLT Salt TruBeta High Exposure ETF 19.6 29 -16 12.3 -3.6
ONEY SPDR Russell 1000 Yield Focus ETF 19.5 20 -7 12.2 -3.8
PRF Invesco FTSE RAFI US 1000 ETF 19.5 39 -26 9.2 -6.8
VOOV Vanguard S&P 500 Value ETF 19.4 15 -2 9.2 -6.8
DIVB iShares U.S. Dividend & Buyback ETF 19.4 25 -12 8.8 -7.2
SPYV SPDR Portfolio S&P 500 Value ETF 19.3 4 9 9.2 -6.7
IYF iShares U.S. Financials ETF 19.3 42 -29 9.3 -6.6
IVE iShares S&P 500 Value ETF 19.3 18 -5 9.1 -6.9
MAGA Point Bridge GOP Stock Tracker ETF 19.1 72 -59 9.4 -6.6
IWX iShares Russell Top 200 Value ETF 19.1 20 -7 8.7 -7.2
SPDV AAM S&P 500 High Dividend Value ETF 18.8 29 -16 14.5 -1.4
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 18.7 15 -2 8.9 -7.0
SYLD Cambria Shareholder Yield ETF 18.5 59 -46 15.3 -0.6
RDVY First Trust Rising Dividend Achievers ETF 18.5 50 -37 10.1 -5.9
IUSV iShares Core S&P U.S. Value ETF 18.2 4 9 9.4 -6.6
LRGF iShares Edge MSCI Multifactor USA ETF 18.2 20 -7 9.0 -6.9
VTV Vanguard Value Index Fund 18.1 4 9 9.1 -6.8
VONV Vanguard Russell 1000 Value Index Fund 18.1 8 5 9.3 -6.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 18.0 17 -4 9.0 -7.0
QDIV Global X S&P 500 Quality Dividend ETF 18.0 20 -7 10.8 -5.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 17.8 25 -12 8.3 -7.6
IWD iShares Russell 1000 Value ETF 17.5 19 -6 9.1 -6.8
VOE Vanguard Mid-Cap Value Index Fund 17.4 7 6 10.8 -5.1
TUSA First Trust Total US Market AlphaDEX ETF 17.4 70 -57 9.4 -6.6
MGV Vanguard Mega Cap Value ETF 17.1 7 6 8.8 -7.2
WBIY WBI Power Factor High Dividend ETF 16.8 70 -57 21.5 +5.6
EPS WisdomTree U.S. Earnings 500 Fund 16.6 8 5 8.5 -7.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 16.5 25 -12 8.4 -7.6
VUSE Vident Core US Equity Fund 16.4 48 -35 11.0 -5.0
DHS WisdomTree U.S. High Dividend Fund 16.3 38 -25 10.5 -5.5
IXG iShares Global Financials ETF 16.2 46 -33 12.5 -3.5
NULV Nuveen ESG Large-Cap Value ETF 16.0 35 -22 9.3 -6.7
DFNL Davis Select Financial ETF 15.9 64 -51 11.2 -4.8
PY Principal Shareholder Yield Index ETF 15.8 29 -16 12.6 -3.3
FTXO First Trust Nasdaq Bank ETF 15.7 60 -47 15.0 -0.9
RSP Invesco S&P 500 Equal Weight ETF 15.5 20 -7 8.8 -7.2
SCHV Schwab U.S. Large-Cap Value ETF 15.5 4 9 9.0 -7.0
PVAL Principal Contrarian Value Index ETF 15.3 29 -16 10.6 -5.4
SPYD SPDR S&P 500 High Dividend ETF 15.2 7 6 14.3 -1.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 15.2 30 -17 8.1 -7.9
RVRS Reverse Cap Weighted U.S. Large Cap ETF 15.1 29 -16 10.6 -5.4
FXO First Trust Financials AlphaDEX Fund 15.1 63 -50 13.9 -2.0
FOVL iShares Focused Value Factor ETF 14.6 25 -12 14.1 -1.8
EQWL Invesco Russell Top 200 Equal Weight ETF 14.6 25 -12 7.5 -8.4
IUS Invesco Strategic US ETF 14.5 19 -6 7.9 -8.0
VETS Pacer Military Times Best Employers ETF 14.4 60 -47 8.5 -7.5
AUSF Global X Adaptive U.S. Factor ETF 14.2 27 -14 10.5 -5.5
VYM Vanguard High Dividend Yield Index ETF 14.0 6 7 8.9 -7.1
IWS iShares Russell Mid-Cap Value ETF 14.0 24 -11 10.0 -6.0
CVY Invesco Zacks Multi-Asset Income ETF 13.8 97 -84 18.3 +2.4
WLDR Affinity World Leaders Equity ETF 13.7 47 -34 12.2 -3.8
DTN WisdomTree U.S. Dividend ex-Financials Fund 13.7 38 -25 10.2 -5.8
FDRR Fidelity Dividend ETF for Rising Rates 13.7 29 -16 9.6 -6.3
IHF iShares U.S. Healthcare Providers ETF 13.7 43 -30 9.5 -6.4
ROUS Hartford Multifactor US Equity ETF 13.6 19 -6 9.2 -6.7
TTFS AdvisorShares Wilshire Buyback ETF 13.6 91 -78 8.1 -7.8
DLN WisdomTree U.S. LargeCap Dividend Fund 13.5 28 -15 8.0 -7.9
RNDV US Equity Dividend Select ETF 13.4 50 -37 10.5 -5.5
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 13.4 49 -36 11.2 -4.8
SPHB Invesco S&P 500 High Beta ETF 13.3 25 -12 11.4 -4.5
FDVV Fidelity Core Dividend ETF 13.2 29 -16 9.7 -6.3
SPGP Invesco S&P 500 GARP ETF 13.2 35 -22 10.7 -5.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 13.1 9 4 8.1 -7.8
BVAL Brand Value ETF 13.0 65 -52 8.9 -7.1

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 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 11.3 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 15.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 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.