Invesco Russell 1000 Enhanced Equal Weight ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
The Invesco Russell 1000 Enhanced Equal Weight Portfolio tracks an equal-weighted index of stocks selected from the 1000 largest US companies. Holdings are screened for valuation and momentum. |
Category | US Equities |
Fund Sponsor | Invesco PowerShares |
Website | www.invesco.com |
Inception date | Jul 13, 2017 |
Assets (mns) | $2 |
Currency | USD |
Expense ratio | 29 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Equal |
Index replication | |
Uses derivatives | No |
Options available | No |
No. of constituents | 613 |
Wgt avg mkt cap (mns) | $45,212 |
Large cap (>$10bn) | 62.8% |
Mid cap ($2-10bn) | 36.7% |
Small cap (<$2bn) | 0.5% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
NVR INC | 0.3 % |
ELI LILLY & CO | 0.2 % |
SCOTTS MIRACLE-GRO CO-CL A | 0.2 % |
EAST WEST BANCORP INC | 0.2 % |
SVB FINANCIAL GROUP | 0.2 % |
GENERAC HOLDINGS INC | 0.2 % |
WESTERN ALLIANCE BANCORP | 0.2 % |
ALLY FINANCIAL INC | 0.2 % |
ON SEMICONDUCTOR CORPORATION | 0.2 % |
SIGNATURE BANK | 0.2 % | Total | 2.2 % |
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UNITED STATES | 95.0 % |
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IRELAND | 1.7 % |
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BRITAIN | 1.3 % |
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BERMUDA | 0.9 % |
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SWITZERLAND | 0.3 % |
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PUERTO RICO | 0.2 % |
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CANADA | 0.2 % |
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CHINA | 0.2 % |
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CAYMAN ISLANDS | 0.2 % |
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LUXEMBOURG | 0.2 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
5.9% | 5.9% | -- | -- | 8.6% |
versus... | Beta | R-squared |
S&P500 | 1.13 | 93% |
MSCI EAFE | 1.08 | 84% |
MSCI Emg. Mkts. | 0.89 | 73% |
Recent close | $31.99 |
30d moving avg. | $31.25 |
Annualized volatility | 22.0% |
Short interest (ETF) | 0.0% |
Relative strength (RSI) | 61 |
Avg. volume (thou.) | 0 |
Turnover | 0.0% |
Bid/Ask (% of price) | 0.36% |
ADV underlying (mns) | $157,914 |
FINDING ALTERNATIVE FUNDS
Below is a list of 97 potential alternatives to the Invesco Russell 1000 Enhanced Equal Weight ETF ETF based on the alternatives' overlap in portfolio holdings with USEQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | USEQ | Expense: | 29 bp | ALTAR Score™: | 6.0% |
Ticker | Fund Name |
Overlap1 vs USEQ (%) |
Expense ratio (bp) |
Savings vs USEQ (bp) |
ALTAR Score™ (%) |
ALTAR vs USEQ (%) |
EUSA | iShares MSCI USA Equal Weighted ETF | 63.1 | 15 | 14 | 5.1 | -0.9 |
SIZE | iShares MSCI USA Size Factor ETF | 62.7 | 15 | 14 | 5.1 | -0.9 |
CFO | VictoryShares US 500 Enhanced Volatility Weighted Index ETF | 62.6 | 35 | -6 | 5.1 | -1.0 |
CFA | VictoryShares US 500 Volatility Weighted Index ETF | 62.5 | 35 | -6 | 5.0 | -1.0 |
DEUS | Xtrackers Russell 1000 Comprehensive Factor ETF | 60.7 | 17 | 12 | 5.6 | -0.4 |
ONEO | SPDR Russell 1000 Momentum Focus ETF | 60.7 | 20 | 9 | 5.6 | -0.4 |
RSP | Invesco S&P 500 Equal Weight ETF | 57.4 | 20 | 9 | 5.6 | -0.4 |
GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 55.6 | 9 | 20 | 5.0 | -1.1 |
OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 55.6 | 29 | 0 | 7.3 | +1.3 |
USLB | Invesco Russell 1000 Low Beta Equal Weight ETF | 53.7 | 35 | -6 | 5.1 | -1.0 |
EQAL | Invesco Russell 1000 Equal Weight ETF | 51.8 | 20 | 9 | 5.0 | -1.0 |
JHMM | John Hancock Multifactor Mid Cap ETF | 50.9 | 42 | -13 | 4.7 | -1.4 |
JHML | John Hancock Multifactor Large Cap ETF | 48.5 | 29 | 0 | 4.8 | -1.2 |
IWR | iShares Russell Midcap ETF | 48.3 | 19 | 10 | 4.7 | -1.3 |
IWS | iShares Russell Mid-Cap Value ETF | 47.5 | 24 | 5 | 5.9 | -0.1 |
ONEV | SPDR Russell 1000 Low Volatility Focus ETF | 46.1 | 20 | 9 | 6.2 | +0.1 |
JPUS | JPMorgan Diversified Return U.S. Equity ETF | 43.2 | 18 | 11 | 5.6 | -0.4 |
BKMC | BNY Mellon US Mid Cap Core Equity ETF | 42.0 | 4 | 25 | 4.9 | -1.1 |
VONV | Vanguard Russell 1000 Value Index Fund | 41.6 | 8 | 21 | 6.2 | +0.2 |
JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 41.6 | 24 | 5 | 5.5 | -0.6 |
TPLC | Timothy Plan US Large Cap Core ETF | 41.5 | 52 | -23 | 4.4 | -1.6 |
RVRS | Reverse Cap Weighted U.S. Large Cap ETF | 41.0 | 29 | 0 | 6.2 | +0.1 |
DYNF | BlackRock U.S. Equity Factor Rotation ETF | 40.6 | 30 | -1 | 5.2 | -0.8 |
IWD | iShares Russell 1000 Value ETF | 40.4 | 19 | 10 | 6.0 | +0.0 |
RNLC | Large Cap US Equity Select ETF | 40.2 | 60 | -31 | 5.2 | -0.8 |
FAB | First Trust Multi Cap Value AlphaDEX Fund | 40.2 | 71 | -42 | 7.5 | +1.5 |
ESGV | Vanguard ESG U.S. Stock ETF | 40.1 | 12 | 17 | 4.5 | -1.6 |
FEX | First Trust Large Cap Core AlphaDEX Fund | 39.6 | 60 | -31 | 4.7 | -1.4 |
AVUS | Avantis U.S. Equity ETF | 39.3 | 15 | 14 | 4.8 | -1.2 |
TUSA | First Trust Total US Market AlphaDEX ETF | 39.0 | 70 | -41 | 4.8 | -1.3 |
VOOV | Vanguard S&P 500 Value ETF | 38.6 | 10 | 19 | 6.6 | +0.6 |
SCHM | Schwab U.S. Mid-Cap ETF | 38.6 | 4 | 25 | 5.0 | -1.0 |
IUSV | iShares Core S&P U.S. Value ETF | 38.0 | 4 | 25 | 6.4 | +0.4 |
DFAU | Dimensional US Core Equity Market ETF | 37.7 | 12 | 17 | 4.7 | -1.4 |
SCHV | Schwab U.S. Large-Cap Value ETF | 37.5 | 4 | 25 | 6.1 | +0.1 |
PQLC | PGIM QMA Strategic Alpha Large-Cap Core ETF | 37.3 | 17 | 12 | 6.1 | +0.1 |
ROUS | Hartford Multifactor US Equity ETF | 37.1 | 19 | 10 | 5.8 | -0.2 |
PRF | Invesco FTSE RAFI US 1000 ETF | 36.7 | 39 | -10 | 5.8 | -0.3 |
GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 36.7 | 9 | 20 | 4.8 | -1.2 |
MFUS | PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 36.4 | 30 | -1 | 5.0 | -1.0 |
IWB | iShares Russell 1000 ETF | 36.3 | 15 | 14 | 4.4 | -1.6 |
SCHK | Schwab 1000 Index ETF | 36.0 | 5 | 24 | 4.6 | -1.5 |
SPYV | SPDR Portfolio S&P 500 Value ETF | 35.9 | 4 | 25 | 6.4 | +0.4 |
IVE | iShares S&P 500 Value ETF | 35.9 | 18 | 11 | 6.3 | +0.3 |
IYY | iShares Dow Jones U.S. ETF | 35.9 | 20 | 9 | 4.4 | -1.6 |
TILT | Flexshares Morningstar US Market Factors Tilt Index Fund | 35.7 | 25 | 4 | 4.9 | -1.1 |
FNDB | Schwab Fundamental U.S. Broad Market Index ETF | 35.6 | 25 | 4 | 5.7 | -0.4 |
VTHR | Vanguard Russell 3000 Index Fund | 35.6 | 10 | 19 | 4.4 | -1.7 |
FNDX | Schwab Fundamental U.S. Large Co. Index ETF | 35.5 | 25 | 4 | 5.7 | -0.3 |
JVAL | JPMorgan U.S. Value Factor ETF | 35.3 | 12 | 17 | 7.1 | +1.1 |
SCHX | Schwab U.S. Large-Cap ETF | 35.2 | 3 | 26 | 4.5 | -1.5 |
BFOR | Barron's 400 ETF | 35.1 | 65 | -36 | 5.6 | -0.5 |
SPTM | SPDR Portfolio Total Stock Market ETF | 35.1 | 3 | 26 | 4.8 | -1.3 |
IWV | iShares Russell 3000 ETF | 34.9 | 20 | 9 | 4.3 | -1.8 |
EPS | WisdomTree U.S. Earnings 500 Fund | 34.8 | 8 | 21 | 5.9 | -0.1 |
VLU | SPDR S&P 1500 Value Tilt ETF | 34.8 | 12 | 17 | 6.2 | +0.2 |
SCHB | Schwab U.S. Broad Market ETF | 34.7 | 3 | 26 | 4.4 | -1.6 |
ITOT | iShares Core S&P Total U.S. Stock Market ETF | 34.6 | 3 | 26 | 4.4 | -1.6 |
VONE | Vanguard Russell 1000 ETF | 34.4 | 8 | 21 | 4.5 | -1.5 |
PBUS | Invesco PureBeta MSCI USA ETF | 34.3 | 4 | 25 | 4.6 | -1.4 |
PBP | Invesco S&P 500 BuyWrite ETF | 34.3 | 49 | -20 | 4.3 | -1.7 |
SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 34.3 | 20 | 9 | 4.8 | -1.3 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 34.2 | 60 | -31 | 4.4 | -1.6 |
VTI | Vanguard Total Stock Market Index Fund | 34.1 | 3 | 26 | 4.4 | -1.6 |
SPLG | SPDR Portfolio Large Cap ETF | 33.9 | 3 | 26 | 4.7 | -1.3 |
SPY | SPDR S&P 500 ETF Trust | 33.7 | 9 | 20 | 4.7 | -1.4 |
IVV | iShares Core S&P 500 ETF | 33.7 | 3 | 26 | 4.7 | -1.3 |
BBUS | JP Morgan Betabuilders U.S. Equity ETF | 33.6 | 2 | 27 | 4.6 | -1.4 |
QUS | SPDR MSCI USA StrategicFactors ETF | 33.5 | 15 | 14 | 5.3 | -0.8 |
DTD | WisdomTree U.S.Total Dividend Fund | 33.4 | 28 | 1 | 6.2 | +0.2 |
VOO | VANGUARD S&P 500 ETF | 33.3 | 3 | 26 | 4.8 | -1.2 |
SPXE | ProShares S&P 500 Ex-Energy ETF | 33.2 | 27 | 2 | 4.6 | -1.4 |
GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 33.0 | 7 | 22 | 4.5 | -1.5 |
VV | Vanguard Large-Cap Index Fund | 32.9 | 4 | 25 | 4.6 | -1.5 |
SPXT | ProShares S&P 500 Ex-Technology ETF | 32.8 | 27 | 2 | 4.9 | -1.2 |
CATH | Global X S&P 500 Catholic Values Custom ETF | 32.7 | 29 | 0 | 4.6 | -1.5 |
VFVA | Vanguard U.S. Value Factor ETF | 32.6 | 14 | 15 | 8.5 | +2.5 |
XVV | iShares ESG Screened S&P 500 ETF | 32.5 | 8 | 21 | 4.9 | -1.2 |
IUS | Invesco Strategic US ETF | 32.4 | 19 | 10 | 5.5 | -0.6 |
ESGU | iShares MSCI USA ESG Optimized ETF | 32.4 | 15 | 14 | 4.4 | -1.6 |
RESP | WisdomTree US ESG Fund of Benef Interest | 32.3 | 28 | 1 | 5.0 | -1.0 |
RWL | Invesco S&P 500 Revenue ETF | 31.9 | 39 | -10 | 6.3 | +0.3 |
SFY | SoFi Select 500 ETF | 31.6 | 0 | 29 | 4.6 | -1.5 |
VO | Vanguard Mid-Cap Index Fund | 31.5 | 4 | 25 | 4.5 | -1.5 |
SFYX | Sofi Next 500 ETF | 31.1 | 0 | 29 | 4.8 | -1.2 |
VALQ | American Century STOXX U.S. Quality Value ETF | 30.6 | 29 | 0 | 7.8 | +1.8 |
AMCA | iShares Russell 1000 Pure U.S. Revenue ETF | 30.5 | 15 | 14 | 6.0 | -0.1 |
JQUA | JPMorgan U.S. Quality Factor ETF | 30.2 | 12 | 17 | 5.0 | -1.0 |
SPXV | ProShares S&P 500 Ex-Health Care ETF | 30.0 | 27 | 2 | 4.3 | -1.8 |
MMTM | SPDR S&P 1500 Momentum Tilt ETF | 29.7 | 12 | 17 | 4.0 | -2.1 |
FNX | First Trust Mid Cap Core AlphaDEX Fund | 29.6 | 61 | -32 | 5.1 | -1.0 |
JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 29.6 | 20 | 9 | 4.6 | -1.5 |
BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 29.5 | 7 | 22 | 3.9 | -2.1 |
VFQY | Vanguard U.S. Quality Factor ETF | 29.3 | 13 | 16 | 5.3 | -0.7 |
STMB | iShares Factors US Mid Blend Style ETF | 29.2 | 30 | -1 | 4.9 | -1.1 |
VTV | Vanguard Value Index Fund | 29.1 | 4 | 25 | 6.6 | +0.5 |
RNMC | Mid Cap US Equity Select ETF | 28.9 | 60 | -31 | 6.1 | +0.1 |
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 | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
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 |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Invesco Russell 1000 Enhanced Equal Weight ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
OVERWEIGHT |
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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