Invesco S&P 500 Enhanced Value ETF
ALTAR
Score™
8.9% info Recommen-
dation
SPECULATIVE
2021E    2022E
P/E
ratio
12.3x P/Sales
ratio
0.7x
P/BV
ratio
1.2x Div.
yield
2.7%


  • 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) $98
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 99
Wgt avg mkt cap (mns) $102,109
Large cap (>$10bn) 95.1%
Mid cap ($2-10bn) 4.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 5.6 %
BANK OF AMERICA CORP 5.4 %
BERKSHIRE HATHAWAY INC-CL B 4.8 %
CVS CAREMARK CORP 4.4 %
AT&T INC 4.2 %
WELLS FARGO & CO 3.6 %
CITIGROUP INC 3.6 %
CIGNA CORP 3.1 %
GENERAL MOTORS CO 2.7 %
ANTHEM INC 2.4 %
Total 39.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
SWITZERLAND 1.3 %
BRITAIN 1.0 %
BERMUDA 0.2 %
IRELAND 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
10.8% 21.0% 9.9% -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.32 81%
MSCI EAFE 1.35 83%
MSCI Emg. Mkts. 1.09 66%

Technical Indicators
Recent close $37.28
30d moving avg. $36.22
Annualized volatility 27.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.2%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.8%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $27,842

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 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™: 8.9%


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 57.7 35 -22 9.1 +0.2
XLF Financial Select Sector SPDR Fund 41.0 12 1 7.0 -2.0
VLUE iShares MSCI USA Value Factor ETF 39.4 15 -2 9.3 +0.4
FNCL Fidelity MSCI Financials Index ETF 39.3 8 5 7.2 -1.7
VFH Vanguard Financials Index Fund 39.1 10 3 7.2 -1.7
IEFN iShares Evolved U.S. Financials ETF 37.8 18 -5 7.6 -1.4
FTA First Trust Large Cap Value AlphaDEX Fund 37.8 60 -47 7.2 -1.8
SPVM Invesco S&P 500 Value with Momentum ETF 35.1 39 -26 7.7 -1.3
RWL Invesco S&P 500 Revenue ETF 35.0 39 -26 6.1 -2.9
IYF iShares U.S. Financials ETF 33.3 42 -29 6.1 -2.9
JHMF John Hancock Multifactor Financials ETF 32.5 40 -27 6.5 -2.4
FCTR First Trust Lunt U.S. Factor Rotation ETF 31.4 65 -52 4.3 -4.7
JKI iShares Morningstar Mid-Cap Value ETF 31.0 30 -17 6.9 -2.0
VFVA Vanguard U.S. Value Factor ETF 30.9 14 -1 8.2 -0.7
VLU SPDR S&P 1500 Value Tilt ETF 30.4 12 1 5.9 -3.0
RAFE PIMCO RAFI ESG U.S. ETF 30.0 30 -17 6.7 -2.3
RYF Invesco S&P 500 Equal Weight Financials ETF 29.6 40 -27 7.6 -1.3
VOOV Vanguard S&P 500 Value ETF 29.1 10 3 6.2 -2.7
IXG iShares Global Financials ETF 27.4 46 -33 8.3 -0.7
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 26.4 35 -22 7.5 -1.4
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 26.4 35 -22 7.6 -1.4
IYG iShares US Financial Services ETF 26.1 42 -29 6.1 -2.9
FAB First Trust Multi Cap Value AlphaDEX Fund 26.0 71 -58 7.2 -1.7
ESGS Columbia Sustainable U.S. Equity Income ETF 26.0 35 -22 7.5 -1.4
PWV Invesco Dynamic Large Cap Value ETF 25.3 56 -43 7.0 -2.0
VTV Vanguard Value Index Fund 25.2 4 9 6.6 -2.4
MGV Vanguard Mega Cap Value ETF 25.0 7 6 6.6 -2.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 24.8 25 -12 5.6 -3.3
JVAL JPMorgan U.S. Value Factor ETF 24.6 12 1 7.1 -1.9
SPYV SPDR Portfolio S&P 500 Value ETF 24.0 4 9 6.3 -2.7
PRF Invesco FTSE RAFI US 1000 ETF 24.0 39 -26 5.7 -3.3
IVE iShares S&P 500 Value ETF 24.0 18 -5 6.1 -2.8
FUNL CornerCap Fundametrics Large-Cap ETF 23.4 50 -37 7.2 -1.8
DIVB iShares U.S. Dividend & Buyback ETF 22.9 25 -12 6.0 -3.0
VALQ American Century STOXX U.S. Quality Value ETF 22.9 29 -16 7.7 -1.2
FDL First Trust Morningstar Dividend Leaders Index Fund 22.9 45 -32 9.0 +0.0
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 22.8 15 -2 6.1 -2.9
IWX iShares Russell Top 200 Value ETF 22.6 20 -7 6.1 -2.8
ONEY SPDR Russell 1000 Yield Focus ETF 22.6 20 -7 6.3 -2.7
VOE Vanguard Mid-Cap Value Index Fund 22.6 7 6 6.3 -2.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 22.6 25 -12 5.5 -3.4
IUSV iShares Core S&P U.S. Value ETF 22.4 4 9 6.3 -2.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 22.4 20 -7 6.7 -2.2
FVAL Fidelity Value Factor ETF 22.4 29 -16 6.8 -2.2
FEX First Trust Large Cap Core AlphaDEX Fund 22.2 60 -47 4.9 -4.0
VONV Vanguard Russell 1000 Value Index Fund 22.1 8 5 6.1 -2.9
SYV SPDR MFS Systematic Value Equity ETF 22.0 60 -47 6.2 -2.7
VYM Vanguard High Dividend Yield Index ETF 21.9 6 7 6.8 -2.1
AUSF Global X Adaptive U.S. Factor ETF 21.4 27 -14 7.8 -1.2
SPYD SPDR S&P 500 High Dividend ETF 21.3 7 6 8.5 -0.5
SPHB Invesco S&P 500 High Beta ETF 21.3 25 -12 4.9 -4.0
ALTL Pacer Lunt Large Cap Alternator ETF 21.2 60 -47 4.6 -4.4
IUS Invesco Strategic US ETF 21.1 19 -6 5.2 -3.7
KBWB Invesco KBW Bank ETF 21.0 35 -22 7.8 -1.1
DFNL Davis Select Financial ETF 21.0 64 -51 6.8 -2.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 21.0 75 -62 6.0 -3.0
MAGA Point Bridge GOP Stock Tracker ETF 20.9 72 -59 5.2 -3.7
DVY iShares Select Dividend ETF 20.9 39 -26 7.6 -1.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 20.3 17 -4 6.1 -2.9
IWD iShares Russell 1000 Value ETF 20.2 19 -6 5.9 -3.0
RSP Invesco S&P 500 Equal Weight ETF 20.0 20 -7 5.4 -3.5
REVS Columbia Research Enhanced Value ETF 19.9 19 -6 7.0 -1.9
JKF iShares Morningstar Large Cap Value ETF 19.9 25 -12 6.9 -2.1
FXO First Trust Financials AlphaDEX Fund 19.8 63 -50 8.9 -0.0
EQWL Invesco Russell Top 200 Equal Weight ETF 19.8 25 -12 5.8 -3.1
RDVY First Trust Rising Dividend Achievers ETF 18.8 50 -37 6.5 -2.5
SCHV Schwab U.S. Large-Cap Value ETF 18.7 4 9 6.1 -2.9
VTRN Victory Portfolios II VictoryShares Top Veteran Employers ET 18.6 60 -47 6.6 -2.4
RNDV US Equity Dividend Select ETF 18.3 50 -37 7.2 -1.8
PY Principal Shareholder Yield Index ETF 18.1 15 -2 7.5 -1.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 17.8 29 -16 5.5 -3.4
EQRR ProShares Equities for Rising Rates ETF 17.7 35 -22 5.6 -3.4
TUSA First Trust Total US Market AlphaDEX ETF 17.6 70 -57 4.9 -4.0
VETS Pacer Military Times Best Employers ETF 17.5 60 -47 6.3 -2.6
EPS WisdomTree U.S. Earnings 500 Fund 17.4 8 5 6.1 -2.8
NULV Nuveen ESG Large-Cap Value ETF 17.3 35 -22 6.2 -2.8
LRGF iShares Edge MSCI Multifactor USA ETF 17.3 20 -7 6.2 -2.8
DHS WisdomTree U.S. High Dividend Fund 17.2 38 -25 8.2 -0.8
CVY Invesco Zacks Multi-Asset Income ETF 17.0 94 -81 8.4 -0.6
RNLC Large Cap US Equity Select ETF 16.5 60 -47 5.3 -3.7
SYLD Cambria Shareholder Yield ETF 16.3 59 -46 6.7 -2.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 16.3 30 -17 5.2 -3.8
IWS iShares Russell Mid-Cap Value ETF 16.0 24 -11 5.6 -3.4
VUSE Vident Core US Equity Fund 16.0 48 -35 7.2 -1.8
HIPR Direxion High Growth ETF 15.8 40 -27 4.1 -4.8
QLC FlexShares US Quality Large Cap Index Fund 15.8 32 -19 4.8 -4.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 15.6 15 -2 0.0 -8.9
SPXT ProShares S&P 500 Ex-Technology ETF 15.6 27 -14 5.0 -3.9
CLRG IQ Chaikin U.S. Large Cap ETF 15.4 25 -12 4.8 -4.2
DBLV AdvisorShares DoubleLine Value Equity ETF 15.4 91 -78 5.7 -3.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 15.4 20 -7 6.0 -2.9
AFLG First Trust Active Factor Large Cap ETF 15.2 55 -42 4.8 -4.1
COWZ Pacer US Cash Cows 100 ETF 15.1 49 -36 9.6 +0.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 15.1 19 -6 5.2 -3.8
SPGP Invesco S&P 500 GARP ETF 15.1 34 -21 6.4 -2.5
SPDV AAM S&P 500 High Dividend Value ETF 15.0 29 -16 7.8 -1.1

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 11.1 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.50
 
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.