Invesco Russell 1000 Enhanced Equal Weight ETF
ALTAR
Score™
6.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
23.2x P/Sales
ratio
1.6x
P/BV
ratio
2.1x 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 689
Wgt avg mkt cap (mns) $44,358
Large cap (>$10bn) 58.2%
Mid cap ($2-10bn) 39.4%
Small cap (<$2bn) 2.4%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
PROLOGIS INC 0.3 %
ETSY, INC. 0.3 %
CENTENE CORP 0.3 %
REGENERON PHARMACEUTICALS 0.3 %
NVIDIA CORP 0.3 %
PAYPAL HOLDINGS INC 0.3 %
NEWMONT MINING CORP 0.3 %
OLLIE'S BARGAIN OUTLET HOLDINGS IN 0.3 %
MASIMO CORPORATION 0.3 %
CIENA CORP 0.3 %
Total 2.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.1 %
IRELAND 1.5 %
BRITAIN 1.5 %
BERMUDA 0.9 %
SWITZERLAND 0.3 %
CHINA 0.2 %
PUERTO RICO 0.1 %
CANADA 0.1 %
PANAMA 0.1 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.9% -2.8% -- -- 1.8%

Market Correlations
versus... Beta R-squared
S&P500 1.18 95%
MSCI EAFE 1.22 86%
MSCI Emg. Mkts. 0.91 73%

Technical Indicators
Recent close $26.50
30d moving avg. $24.01
Annualized volatility 21.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $227,962

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™: 6.5%


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
(%)
SIZE iShares Edge MSCI USA Size Factor ETF 68.7 15 14 5.8 -0.7
EUSA iShares MSCI USA Equal Weighted ETF 68.3 15 14 6.0 -0.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 63.1 35 -6 5.7 -0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 61.0 17 12 6.4 -0.1
ONEO SPDR Russell 1000 Momentum Focus ETF 60.9 20 9 6.4 -0.1
RSP Invesco S&P 500 Equal Weight ETF 59.4 20 9 6.6 +0.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 58.0 9 20 5.8 -0.7
EQAL Invesco Russell 1000 Equal Weight ETF 56.6 20 9 4.9 -1.6
JHML John Hancock Multifactor Large Cap ETF 52.5 34 -5 5.5 -1.0
JHMM John Hancock Multifactor Mid Cap ETF 52.0 44 -15 5.6 -0.9
IWR iShares Russell Midcap ETF 51.1 19 10 5.6 -0.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 49.3 35 -6 5.7 -0.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 46.7 19 10 6.1 -0.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 45.7 35 -6 5.8 -0.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 45.4 20 9 6.8 +0.4
IWS iShares Russell Mid-Cap Value ETF 45.2 24 5 6.9 +0.5
AVUS Avantis U.S. Equity ETF 45.0 15 14 5.7 -0.8
RNLC Large Cap US Equity Select ETF 45.0 60 -31 6.0 -0.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 43.8 29 0 7.0 +0.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 43.1 24 5 5.9 -0.6
SCIU Global X Scientific Beta US ETF 43.1 19 10 5.7 -0.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 42.3 30 -1 6.6 +0.2
SCHM Schwab U.S. Mid-Cap ETF 41.5 4 25 6.2 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 41.4 9 20 5.6 -0.9
PRF Invesco FTSE RAFI US 1000 ETF 41.3 39 -10 6.6 +0.1
IWB iShares Russell 1000 ETF 40.8 15 14 5.2 -1.3
VONE Vanguard Russell 1000 ETF 40.6 8 21 5.3 -1.2
IWD iShares Russell 1000 Value ETF 40.4 19 10 6.9 +0.4
IYY iShares Dow Jones U.S. ETF 40.3 20 9 5.2 -1.3
SCHK Schwab 1000 Index ETF 40.3 5 24 5.3 -1.2
VLU SPDR S&P 1500 Value Tilt ETF 40.3 12 17 7.1 +0.7
FEX First Trust Large Cap Core AlphaDEX Fund 40.2 60 -31 5.9 -0.6
VONV Vanguard Russell 1000 Value Index Fund 40.1 8 21 7.0 +0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 40.0 25 4 6.4 -0.1
SCHX Schwab U.S. Large-Cap ETF 39.7 3 26 5.4 -1.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 39.6 25 4 6.4 -0.1
IWV iShares Russell 3000 ETF 39.4 20 9 5.1 -1.4
VTI Vanguard Total Stock Market Index Fund 39.4 3 26 5.2 -1.3
PBP Invesco S&P 500 BuyWrite ETF 39.3 49 -20 5.1 -1.4
VTHR Vanguard Russell 3000 Index Fund 39.3 10 19 5.2 -1.3
SCHB Schwab U.S. Broad Market ETF 39.3 3 26 5.3 -1.2
SPTM SPDR Portfolio Total Stock Market ETF 39.3 3 26 5.6 -0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 39.3 3 26 5.2 -1.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 39.2 25 4 6.1 -0.4
TUSA First Trust Total US Market AlphaDEX ETF 38.9 70 -41 5.9 -0.6
HSPX Global X S&P 500 Covered Call ETF 38.8 65 -36 4.9 -1.6
PBUS Invesco PureBeta MSCI USA ETF 38.7 4 25 5.3 -1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 38.2 29 0 6.1 -0.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 38.1 2 27 5.4 -1.1
TPLC Timothy Plan US Large Cap Core ETF 38.0 52 -23 5.3 -1.2
VV Vanguard Large-Cap Index Fund 37.9 4 25 5.3 -1.2
SPLG SPDR Portfolio Large Cap ETF 37.8 3 26 5.5 -1.0
IVV iShares Core S&P 500 ETF 37.8 4 25 5.5 -1.0
SPY SPDR S&P 500 ETF Trust 37.8 9 20 5.4 -1.1
VOO VANGUARD S&P 500 ETF 37.6 3 26 5.5 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 37.6 8 21 6.4 -0.1
ROUS Hartford Multifactor US Equity ETF 37.5 19 10 7.1 +0.6
QUS SPDR MSCI USA StrategicFactors ETF 37.3 15 14 5.8 -0.7
IUSV iShares Core S&P U.S. Value ETF 37.2 4 25 7.2 +0.8
SPXT ProShares S&P 500 Ex-Technology ETF 37.2 27 2 5.6 -0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 37.1 20 9 5.5 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 36.9 27 2 5.4 -1.1
BFOR Barron's 400 ETF 36.2 66 -37 6.2 -0.3
RWL Invesco S&P 500 Revenue ETF 36.2 39 -10 6.7 +0.2
CATH Global X S&P 500 Catholic Values Custom ETF 35.8 29 0 5.3 -1.2
SPXV ProShares S&P 500 Ex-Health Care ETF 35.3 27 2 5.1 -1.4
IUS Invesco Strategic US ETF 35.3 19 10 6.2 -0.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 35.1 17 12 6.8 +0.3
DTD WisdomTree U.S.Total Dividend Fund 35.0 28 1 6.5 0.0
IVE iShares S&P 500 Value ETF 34.9 18 11 7.0 +0.5
SPYV SPDR Portfolio S&P 500 Value ETF 34.9 4 25 7.2 +0.7
VOOV Vanguard S&P 500 Value ETF 34.9 15 14 7.1 +0.6
SFY SoFi Select 500 ETF 34.6 0 29 5.3 -1.2
ESGV Vanguard ESG U.S. Stock ETF 34.6 12 17 5.3 -1.2
EXT WisdomTree U.S. Total Earnings Fund 34.6 28 1 5.7 -0.7
JVAL JPMorgan U.S. Value Factor ETF 33.3 12 17 8.5 +2.0
SPXN ProShares S&P 500 Ex-Financials ETF 33.2 27 2 5.1 -1.4
FAB First Trust Multi Cap Value AlphaDEX Fund 33.0 71 -42 8.9 +2.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 32.5 20 9 5.0 -1.5
SCHV Schwab U.S. Large-Cap Value ETF 32.5 4 25 6.9 +0.4
SMMD iShares Russell 2500 ETF 32.4 15 14 5.4 -1.1
VO Vanguard Mid-Cap Index Fund 32.4 4 25 5.4 -1.1
DIVB iShares U.S. Dividend & Buyback ETF 32.2 25 4 6.3 -0.1
ESGU iShares MSCI USA ESG Optimized ETF 32.1 15 14 5.1 -1.4
TOK iShares MSCI Kokusai ETF 31.9 25 4 5.7 -0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 31.5 12 17 5.1 -1.4
RBUS Nationwide Risk-Based U.S. Equity ETF 31.1 30 -1 5.1 -1.4
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 31.0 15 14 6.6 +0.1
URTH iShares MSCI World ETF 30.6 24 5 5.8 -0.7
AFLG First Trust Active Factor Large Cap ETF 30.2 55 -26 5.6 -0.9
VB Vanguard Small-Cap ETF 30.0 5 24 5.4 -1.1
DGRO iShares Core Dividend Growth ETF 29.8 8 21 6.4 -0.1
RNDV US Equity Dividend Select ETF 29.5 50 -21 7.4 +0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 29.4 28 1 6.3 -0.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 29.4 34 -5 5.2 -1.3
USDY Pacific Global US Equity Income ETF 29.4 29 0 7.5 +1.0
VFVA Vanguard U.S. Value Factor ETF 29.4 13 16 11.2 +4.7
IQSU IQ Candriam ESG US Equity ETF 29.4 9 20 5.3 -1.2
VTV Vanguard Value Index Fund 29.3 4 25 7.1 +0.7
VFQY Vanguard U.S. Quality Factor ETF 29.3 13 16 5.9 -0.6

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 13.8 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.53
 
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.