Invesco Russell 1000 Enhanced Equal Weight ETF
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.3x P/Sales
ratio
1.6x
P/BV
ratio
2.2x Div.
yield
2.1%


  • 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) $3
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 657
Wgt avg mkt cap (mns) $46,912
Large cap (>$10bn) 59.4%
Mid cap ($2-10bn) 39.6%
Small cap (<$2bn) 0.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MORGAN STANLEY 0.3 %
SCHWAB (CHARLES) CORP 0.3 %
GENERAC HOLDINGS INC 0.3 %
SOLAREDGE TECHNOLOGIES, INC. 0.3 %
GAP INC/THE 0.3 %
FIRST SOLAR INC 0.3 %
UNITED PARCEL SERVICE-CL B 0.2 %
AMAZON.COM INC 0.2 %
HORIZON PHARMA PLC 0.2 %
DICK'S SPORTING GOODS INC 0.2 %
Total 2.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.3 %
IRELAND 1.9 %
BRITAIN 1.5 %
BERMUDA 1.2 %
SWITZERLAND 0.3 %
LUXEMBOURG 0.2 %
CHINA 0.2 %
CAYMAN ISLANDS 0.2 %
PUERTO RICO 0.1 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.2% -4.0% -- -- 3.7%

Market Correlations
versus... Beta R-squared
S&P500 1.13 93%
MSCI EAFE 1.19 85%
MSCI Emg. Mkts. 0.86 70%

Technical Indicators
Recent close $27.17
30d moving avg. $27.16
Annualized volatility 20.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $176,108

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.8%


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 65.0 15 14 6.1 -0.7
SIZE iShares MSCI USA Size Factor ETF 64.9 15 14 6.0 -0.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 61.8 35 -6 5.7 -1.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 61.8 35 -6 5.7 -1.1
ONEO SPDR Russell 1000 Momentum Focus ETF 60.4 20 9 6.3 -0.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 59.7 17 12 6.3 -0.5
RSP Invesco S&P 500 Equal Weight ETF 58.3 20 9 6.5 -0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 56.4 9 20 5.9 -0.9
EQAL Invesco Russell 1000 Equal Weight ETF 54.0 20 9 5.9 -0.9
JHMM John Hancock Multifactor Mid Cap ETF 51.3 42 -13 5.5 -1.3
JHML John Hancock Multifactor Large Cap ETF 50.3 29 0 5.4 -1.4
IWR iShares Russell Midcap ETF 49.7 19 10 5.4 -1.4
IWS iShares Russell Mid-Cap Value ETF 49.0 24 5 6.9 +0.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 46.5 20 9 6.9 +0.1
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 46.3 35 -6 5.4 -1.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 45.2 18 11 6.1 -0.7
RNLC Large Cap US Equity Select ETF 44.5 60 -31 6.1 -0.7
SCIU Global X Scientific Beta US ETF 44.4 19 10 0.0 -6.8
VONV Vanguard Russell 1000 Value Index Fund 43.5 8 21 7.0 +0.2
IWD iShares Russell 1000 Value ETF 43.4 19 10 6.9 +0.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 43.3 24 5 6.0 -0.8
AVUS Avantis U.S. Equity ETF 42.2 15 14 5.5 -1.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 41.9 4 25 5.2 -1.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 40.7 29 0 7.5 +0.7
FAB First Trust Multi Cap Value AlphaDEX Fund 40.4 71 -42 9.6 +2.8
TPLC Timothy Plan US Large Cap Core ETF 40.2 52 -23 5.3 -1.5
SCHV Schwab U.S. Large-Cap Value ETF 40.1 4 25 6.8 +0.1
PRF Invesco FTSE RAFI US 1000 ETF 39.7 39 -10 6.8 -0.0
TUSA First Trust Total US Market AlphaDEX ETF 39.6 70 -41 5.7 -1.1
FEX First Trust Large Cap Core AlphaDEX Fund 39.2 60 -31 5.8 -1.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 38.9 25 4 6.7 -0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 38.7 25 4 6.7 -0.1
VLU SPDR S&P 1500 Value Tilt ETF 38.5 12 17 7.3 +0.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 38.5 17 12 6.8 -0.0
SCHM Schwab U.S. Mid-Cap ETF 38.1 4 25 5.9 -0.9
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 38.1 25 4 6.2 -0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 38.1 9 20 5.4 -1.4
IWB iShares Russell 1000 ETF 38.0 15 14 5.0 -1.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 38.0 29 0 5.9 -0.9
JVAL JPMorgan U.S. Value Factor ETF 37.9 12 17 8.4 +1.6
ROUS Hartford Multifactor US Equity ETF 37.8 19 10 6.4 -0.4
SCHK Schwab 1000 Index ETF 37.7 5 24 5.1 -1.7
IYY iShares Dow Jones U.S. ETF 37.6 20 9 4.9 -1.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 37.5 30 -1 6.6 -0.2
VONE Vanguard Russell 1000 ETF 37.4 8 21 5.0 -1.8
SCHX Schwab U.S. Large-Cap ETF 36.9 3 26 5.0 -1.8
VTHR Vanguard Russell 3000 Index Fund 36.9 10 19 4.9 -1.9
SPTM SPDR Portfolio Total Stock Market ETF 36.8 3 26 5.4 -1.4
IWV iShares Russell 3000 ETF 36.7 20 9 4.8 -2.0
IUSV iShares Core S&P U.S. Value ETF 36.6 4 25 7.5 +0.7
SCHB Schwab U.S. Broad Market ETF 36.6 3 26 5.0 -1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 36.5 3 26 4.9 -1.9
EPS WisdomTree U.S. Earnings 500 Fund 36.2 8 21 6.4 -0.4
PBUS Invesco PureBeta MSCI USA ETF 35.9 4 25 5.1 -1.7
HSPX Global X S&P 500 Covered Call ETF 35.9 60 -31 4.8 -2.0
QUS SPDR MSCI USA StrategicFactors ETF 35.9 15 14 5.8 -1.0
IUS Invesco Strategic US ETF 35.7 19 10 6.5 -0.3
PBP Invesco S&P 500 BuyWrite ETF 35.7 49 -20 4.9 -1.9
VTI Vanguard Total Stock Market Index Fund 35.7 3 26 4.9 -1.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 35.4 2 27 5.1 -1.7
IVV iShares Core S&P 500 ETF 35.4 3 26 5.3 -1.5
SPLG SPDR Portfolio Large Cap ETF 35.4 3 26 5.3 -1.5
SPY SPDR S&P 500 ETF Trust 35.3 9 20 5.2 -1.6
XYLG Global X S&P 500 Covered Call & Growth ETF 35.3 60 -31 4.9 -1.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 35.1 20 9 5.2 -1.6
VOOV Vanguard S&P 500 Value ETF 35.0 10 19 7.3 +0.5
ESGV Vanguard ESG U.S. Stock ETF 35.0 12 17 5.0 -1.8
SPXT ProShares S&P 500 Ex-Technology ETF 34.9 27 2 5.5 -1.3
VOO VANGUARD S&P 500 ETF 34.9 3 26 5.3 -1.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 34.9 7 22 5.1 -1.7
RWL Invesco S&P 500 Revenue ETF 34.7 39 -10 7.2 +0.4
DTD WisdomTree U.S.Total Dividend Fund 34.7 28 1 6.7 -0.1
SPYV SPDR Portfolio S&P 500 Value ETF 34.4 4 25 7.4 +0.6
IVE iShares S&P 500 Value ETF 34.4 18 11 7.2 +0.4
VV Vanguard Large-Cap Index Fund 34.3 4 25 5.1 -1.7
SPXE ProShares S&P 500 Ex-Energy ETF 34.2 27 2 5.1 -1.7
CATH Global X S&P 500 Catholic Values Custom ETF 33.9 29 0 5.0 -1.8
ESGU iShares MSCI USA ESG Optimized ETF 33.0 15 14 4.9 -1.9
SFY SoFi Select 500 ETF 32.7 0 29 5.0 -1.8
BFOR Barron's 400 ETF 32.5 65 -36 6.4 -0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 32.0 27 2 4.9 -1.9
DIVB iShares U.S. Dividend & Buyback ETF 31.6 25 4 6.9 +0.1
EXT WisdomTree U.S. Total Earnings Fund 31.5 28 1 5.4 -1.4
VO Vanguard Mid-Cap Index Fund 31.3 4 25 5.1 -1.7
VTV Vanguard Value Index Fund 30.8 4 25 7.4 +0.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 30.7 29 0 9.4 +2.6
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 30.6 15 14 6.7 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 30.4 27 2 4.8 -2.0
SFYX Sofi Next 500 ETF 30.4 0 29 5.8 -1.0
VFVA Vanguard U.S. Value Factor ETF 30.4 14 15 11.0 +4.2
SMMD iShares Russell 2500 ETF 30.3 15 14 5.7 -1.1
TOK iShares MSCI Kokusai ETF 30.2 25 4 5.5 -1.3
KOKU Xtrackers MSCI Kokusai Equity ETF 30.0 9 20 5.6 -1.2
JQUA JPMorgan U.S. Quality Factor ETF 29.9 12 17 5.4 -1.4
VB Vanguard Small-Cap ETF 29.7 5 24 5.2 -1.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 29.6 20 9 4.8 -2.0
DGRO iShares Core Dividend Growth ETF 29.5 8 21 6.7 -0.1
DON WisdomTree U.S. MidCap Dividend Fund 29.5 38 -9 7.6 +0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 28.9 12 17 4.6 -2.2
DLN WisdomTree U.S. LargeCap Dividend Fund 28.9 28 1 6.5 -0.3

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 14.5 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.