Invesco Russell 1000 Enhanced Equal Weight ETF
ALTAR
Score™
6.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.0x P/Sales
ratio
1.9x
P/BV
ratio
2.7x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium 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.

FUND BASICS
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

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
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%

TOP TEN HOLDINGS
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 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.0 %
IRELAND 1.7 %
BRITAIN 1.3 %
BERMUDA 0.9 %
SWITZERLAND 0.3 %
PUERTO RICO 0.2 %
CANADA 0.2 %
CHINA 0.2 %
CAYMAN ISLANDS 0.2 %
LUXEMBOURG 0.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.9% 5.9% -- -- 8.6%

Market Correlations
versus... Beta R-squared
S&P500 1.13 93%
MSCI EAFE 1.08 84%
MSCI Emg. Mkts. 0.89 73%

Technical Indicators
Recent close $31.99
30d moving avg. $31.25
Annualized volatility 22.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $157,914

Distributions


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%


ALTERNATIVE ETFs BASED ON OVERLAP WITH USEQ
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
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 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™


Calculation of ALTAR Score™
Avg. Return on Equity 15.5 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.49
 
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.