Invesco S&P 500 Enhanced Value ETF
ALTAR
Score™
12.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.0x 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) $67
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) $60,389
Large cap (>$10bn) 90.8%
Mid cap ($2-10bn) 9.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BANK OF AMERICA CORP 5.1 %
AT&T INC 5.0 %
CVS CAREMARK CORP 4.5 %
CITIGROUP INC 4.3 %
WELLS FARGO & CO 4.1 %
EXXON MOBIL CORP 3.9 %
RAYTHEON TECHNOLOGIES CORPORATION 3.4 %
GENERAL MOTORS CO 2.7 %
CIGNA CORP 2.7 %
ANTHEM INC 2.3 %
Total 38.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.6 %
IRELAND 1.4 %
BRITAIN 1.0 %
BERMUDA 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-24.4% -11.3% -- -- 2.0%

Market Correlations
versus... Beta R-squared
S&P500 1.26 82%
MSCI EAFE 1.37 82%
MSCI Emg. Mkts. 0.98 66%

Technical Indicators
Recent close $26.67
30d moving avg. $28.50
Annualized volatility 24.4%
Short interest (ETF) 0.3%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.5%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $8,392

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 12.2%


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 48.4 35 -22 11.4 -0.8
VLUE iShares Edge MSCI USA Value Factor ETF 40.8 15 -2 11.8 -0.4
FTA First Trust Large Cap Value AlphaDEX Fund 37.0 60 -47 9.6 -2.6
IEFN iShares Evolved U.S. Financials ETF 36.8 18 -5 9.7 -2.5
SPVM Invesco S&P 500 Value with Momentum ETF 34.1 39 -26 9.1 -3.0
XLF Financial Select Sector SPDR Fund 32.8 13 0 8.5 -3.7
JKI iShares Morningstar Mid-Cap Value ETF 32.4 30 -17 9.3 -2.8
RWL Invesco S&P 500 Revenue ETF 29.1 39 -26 7.5 -4.7
FNCL Fidelity MSCI Financials Index ETF 28.9 8 5 9.1 -3.0
VFH Vanguard Financials Index Fund 27.7 10 3 9.1 -3.1
RYF Invesco S&P 500 Equal Weight Financials ETF 26.9 40 -27 10.0 -2.1
VLU SPDR S&P 1500 Value Tilt ETF 26.6 12 1 7.7 -4.4
VFVA Vanguard U.S. Value Factor ETF 26.5 14 -1 11.5 -0.6
FAB First Trust Multi Cap Value AlphaDEX Fund 26.1 71 -58 10.3 -1.9
ONEY SPDR Russell 1000 Yield Focus ETF 25.2 20 -7 9.3 -2.8
RAFE PIMCO RAFI ESG U.S. ETF 25.1 29 -16 7.7 -4.4
IYG iShares US Financial Services ETF 24.9 42 -29 7.2 -5.0
JHMF John Hancock Multifactor Financials ETF 24.5 40 -27 8.0 -4.2
ESGS Columbia Sustainable U.S. Equity Income ETF 24.4 35 -22 9.2 -2.9
SPHB Invesco S&P 500 High Beta ETF 24.4 25 -12 9.3 -2.8
PKW Invesco Buyback Achievers ETF 24.3 62 -49 7.5 -4.7
PVAL Principal Contrarian Value Index ETF 23.9 29 -16 10.6 -1.6
PWV Invesco Dynamic Large Cap Value ETF 23.6 56 -43 8.3 -3.8
JVAL JPMorgan U.S. Value Factor ETF 23.4 12 1 9.0 -3.1
FEX First Trust Large Cap Core AlphaDEX Fund 22.8 60 -47 6.1 -6.0
SYV SPDR MFS Systematic Value Equity ETF 22.4 60 -47 7.5 -4.7
KBWB Invesco KBW Bank ETF 22.2 35 -22 11.0 -1.2
JKF iShares Morningstar Large Cap Value ETF 22.2 25 -12 7.8 -4.4
SPYD SPDR S&P 500 High Dividend ETF 21.9 7 6 11.7 -0.4
FDL First Trust Morningstar Dividend Leaders Index Fund 21.9 45 -32 10.6 -1.6
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 21.9 35 -22 8.7 -3.4
DVY iShares Select Dividend ETF 21.6 39 -26 9.8 -2.3
REVS Columbia Research Enhanced Value ETF 21.6 19 -6 7.6 -4.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 21.3 29 -16 9.8 -2.4
IYF iShares U.S. Financials ETF 21.1 42 -29 7.1 -5.0
VOOV Vanguard S&P 500 Value ETF 20.9 10 3 7.4 -4.7
AUSF Global X Adaptive U.S. Factor ETF 20.8 27 -14 9.5 -2.6
IVE iShares S&P 500 Value ETF 20.7 18 -5 7.4 -4.8
SPYV SPDR Portfolio S&P 500 Value ETF 20.6 4 9 7.5 -4.7
VALQ American Century STOXX U.S. Quality Value ETF 20.5 29 -16 9.2 -3.0
FXO First Trust Financials AlphaDEX Fund 20.4 63 -50 13.5 +1.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 20.3 20 -7 7.7 -4.4
PRF Invesco FTSE RAFI US 1000 ETF 20.2 39 -26 7.4 -4.8
MAGA Point Bridge GOP Stock Tracker ETF 20.0 72 -59 6.5 -5.6
FMK First Trust Mega Cap AlphaDEX Fund 19.9 70 -57 5.0 -7.2
DIVB iShares U.S. Dividend & Buyback ETF 19.9 25 -12 7.3 -4.9
USDY Pacific Global US Equity Income ETF 19.6 29 -16 7.2 -4.9
SLT Salt TruBeta High Exposure ETF 19.3 29 -16 9.0 -3.1
IUSV iShares Core S&P U.S. Value ETF 19.2 4 9 7.6 -4.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 19.2 25 -12 7.4 -4.7
VOE Vanguard Mid-Cap Value Index Fund 19.1 7 6 7.9 -4.2
MGV Vanguard Mega Cap Value ETF 18.9 7 6 7.3 -4.8
VTV Vanguard Value Index Fund 18.8 4 9 7.5 -4.6
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 18.8 35 -22 8.8 -3.4
RSP Invesco S&P 500 Equal Weight ETF 18.6 20 -7 6.7 -5.5
IUS Invesco Strategic US ETF 18.3 19 -6 7.1 -5.0
LRGF iShares Edge MSCI Multifactor USA ETF 18.3 20 -7 7.8 -4.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 18.3 29 -16 8.1 -4.0
DHS WisdomTree U.S. High Dividend Fund 18.1 38 -25 8.9 -3.2
RDVY First Trust Rising Dividend Achievers ETF 17.9 50 -37 8.1 -4.0
PY Principal Shareholder Yield Index ETF 17.9 15 -2 10.0 -2.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 17.8 25 -12 7.4 -4.7
VYM Vanguard High Dividend Yield Index ETF 17.7 6 7 7.6 -4.6
TUSA First Trust Total US Market AlphaDEX ETF 17.7 70 -57 6.2 -5.9
FVAL Fidelity Value Factor ETF 17.6 29 -16 8.6 -3.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 17.4 39 -26 11.2 -1.0
RNDV US Equity Dividend Select ETF 17.4 50 -37 8.3 -3.9
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 17.3 15 -2 6.9 -5.3
SCHV Schwab U.S. Large-Cap Value ETF 17.3 4 9 7.3 -4.9
SYLD Cambria Shareholder Yield ETF 17.0 59 -46 9.3 -2.8
IXG iShares Global Financials ETF 17.0 46 -33 10.5 -1.7
FOVL iShares Focused Value Factor ETF 16.8 25 -12 10.9 -1.3
TTFS AdvisorShares Wilshire Buyback ETF 16.8 91 -78 6.3 -5.9
WBIY WBI Power Factor High Dividend ETF 16.6 70 -57 11.6 -0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 16.5 25 -12 6.3 -5.9
VETS Pacer Military Times Best Employers ETF 16.4 60 -47 7.1 -5.1
IWS iShares Russell Mid-Cap Value ETF 16.3 24 -11 7.2 -4.9
CVY Invesco Zacks Multi-Asset Income ETF 16.0 94 -81 11.0 -1.2
DFNL Davis Select Financial ETF 16.0 64 -51 8.9 -3.2
EPS WisdomTree U.S. Earnings 500 Fund 16.0 8 5 7.2 -4.9
VUSE Vident Core US Equity Fund 15.9 48 -35 9.2 -3.0
CLRG IQ Chaikin U.S. Large Cap ETF 15.9 25 -12 5.9 -6.2
IWD iShares Russell 1000 Value ETF 15.8 19 -6 7.0 -5.1
VONV Vanguard Russell 1000 Value Index Fund 15.8 8 5 7.1 -5.0
IWX iShares Russell Top 200 Value ETF 15.8 20 -7 6.9 -5.3
SIZE iShares Edge MSCI USA Size Factor ETF 15.4 15 -2 6.2 -5.9
EQRR ProShares Equities for Rising Rates ETF 15.3 35 -22 7.6 -4.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 15.3 17 -4 6.6 -5.6
DLN WisdomTree U.S. LargeCap Dividend Fund 15.1 28 -15 7.1 -5.1
NULV Nuveen ESG Large-Cap Value ETF 15.1 35 -22 7.4 -4.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 15.0 30 -17 6.7 -5.5
RNLC Large Cap US Equity Select ETF 14.9 60 -47 6.5 -5.7
FTXO First Trust Nasdaq Bank ETF 14.7 60 -47 9.9 -2.2
PMOM Principal Sustainable Momentum Index ETF 14.7 29 -16 9.5 -2.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 14.5 15 -2 7.1 -5.0
DTD WisdomTree U.S.Total Dividend Fund 14.4 28 -15 7.2 -4.9
DTN WisdomTree U.S. Dividend ex-Financials Fund 14.2 38 -25 8.1 -4.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 14.2 20 -7 7.1 -5.1

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 10.4 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 12.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.