Invesco Russell 1000 Low Beta Equal Weight ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.2x P/Sales
ratio
1.7x
P/BV
ratio
2.2x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Invesco Russell 1000 Low Beta Equal Weight Portfolio tracks an index of stocks selected from the 1000 largest US firms. The index selects stocks with low beta and positive earnings, and weights them equally.

FUND BASICS
Category US Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Nov 05, 2015
Assets (mns) $10
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Equal
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 410
Wgt avg mkt cap (mns) $46,198
Large cap (>$10bn) 62.7%
Mid cap ($2-10bn) 33.6%
Small cap (<$2bn) 3.7%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
CENTENE CORP 0.5 %
NEWMONT MINING CORP 0.5 %
MASIMO CORPORATION 0.4 %
HORIZON PHARMA PLC 0.4 %
ANTERO RESOURCES CORP 0.4 %
PAYPAL HOLDINGS INC 0.4 %
CIENA CORP 0.4 %
ZYNGA INC - CL A 0.4 %
ACTIVISION BLIZZARD INC 0.4 %
CLOROX COMPANY 0.4 %
Total 4.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.5 %
BERMUDA 1.3 %
IRELAND 1.2 %
BRITAIN 1.1 %
SWITZERLAND 0.5 %
CAYMAN ISLANDS 0.3 %
PANAMA 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.2% -8.7% -- -- 5.3%

Market Correlations
versus... Beta R-squared
S&P500 0.98 91%
MSCI EAFE 0.95 75%
MSCI Emg. Mkts. 0.69 61%

Technical Indicators
Recent close $29.54
30d moving avg. $28.72
Annualized volatility 17.1%
Short interest (ETF) 0.2%
Short interest (Underlying) 4.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 40
Turnover 11.4%
Bid/Ask (% of price) 0.57%
ADV underlying (mns) $111,029

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco Russell 1000 Low Beta Equal Weight ETF ETF based on the alternatives' overlap in portfolio holdings with USLB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: USLB Expense: 35 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH USLB
Ticker Fund
Name
Overlap1
vs USLB
(%)
Expense
ratio
(bp)
Savings
vs USLB
(bp)
ALTAR
Score™
(%)
ALTAR
vs USLB
(%)
CFA VictoryShares US 500 Volatility Weighted Index ETF 52.6 35 0 6.3 +0.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 49.6 29 6 7.2 +1.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 48.8 9 26 6.4 +0.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 47.4 19 16 6.7 +0.4
EUSA iShares MSCI USA Equal Weighted ETF 46.2 15 20 6.6 +0.4
RSP Invesco S&P 500 Equal Weight ETF 46.0 20 15 7.5 +1.3
SIZE iShares Edge MSCI USA Size Factor ETF 45.7 15 20 6.5 +0.2
SCIU Global X Scientific Beta US ETF 43.3 19 16 6.2 -0.1
RBUS Nationwide Risk-Based U.S. Equity ETF 42.6 30 5 5.3 -1.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 41.7 17 18 7.1 +0.8
JHML John Hancock Multifactor Large Cap ETF 40.8 34 1 5.9 -0.3
JMIN JPMorgan U.S. Minimum Volatility ETF 40.5 12 23 6.2 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 39.5 9 26 5.9 -0.4
IWR iShares Russell Midcap ETF 39.4 19 16 6.2 -0.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 39.1 24 11 6.5 +0.3
RNLC Large Cap US Equity Select ETF 38.5 60 -25 6.8 +0.6
EQAL Invesco Russell 1000 Equal Weight ETF 38.4 20 15 5.5 -0.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 38.3 20 15 7.6 +1.4
USMV iShares Edge MSCI Min Vol USA ETF 37.9 15 20 6.0 -0.3
JHMM John Hancock Multifactor Mid Cap ETF 37.8 44 -9 6.3 +0.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 37.5 30 5 7.1 +0.9
ROUS Hartford Multifactor US Equity ETF 36.7 19 16 7.7 +1.4
QUS SPDR MSCI USA StrategicFactors ETF 36.5 15 20 6.1 -0.2
ONEO SPDR Russell 1000 Momentum Focus ETF 36.4 20 15 7.1 +0.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 36.3 17 18 7.4 +1.2
JMOM JPMorgan U.S. Momentum Factor ETF 36.0 12 23 4.1 -2.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 35.6 29 6 7.9 +1.7
TPLC Timothy Plan US Large Cap Core ETF 34.6 52 -17 5.9 -0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 34.5 29 6 6.6 +0.3
IWS iShares Russell Mid-Cap Value ETF 33.9 24 11 7.9 +1.7
IWB iShares Russell 1000 ETF 33.8 15 20 5.6 -0.7
PBP Invesco S&P 500 BuyWrite ETF 33.7 49 -14 5.3 -0.9
VONE Vanguard Russell 1000 ETF 33.6 8 27 5.7 -0.6
FEX First Trust Large Cap Core AlphaDEX Fund 33.6 60 -25 6.7 +0.5
SCHX Schwab U.S. Large-Cap ETF 33.5 3 32 5.7 -0.6
SPXT ProShares S&P 500 Ex-Technology ETF 33.4 27 8 6.0 -0.2
SCHK Schwab 1000 Index ETF 33.4 5 30 5.7 -0.6
IYY iShares Dow Jones U.S. ETF 33.3 20 15 5.6 -0.7
PBUS Invesco PureBeta MSCI USA ETF 33.1 4 31 5.7 -0.5
USMF WisdomTree U.S. Multifactor Fund 33.1 28 7 6.5 +0.3
HSPX Global X S&P 500 Covered Call ETF 32.8 65 -30 5.2 -1.1
VV Vanguard Large-Cap Index Fund 32.6 4 31 5.6 -0.6
SPY SPDR S&P 500 ETF Trust 32.6 9 26 5.7 -0.5
SPLG SPDR Portfolio Large Cap ETF 32.6 3 32 5.8 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 32.6 3 32 5.9 -0.3
IVV iShares Core S&P 500 ETF 32.6 4 31 5.8 -0.5
SPXE ProShares S&P 500 Ex-Energy ETF 32.5 27 8 5.7 -0.6
SCHB Schwab U.S. Broad Market ETF 32.5 3 32 5.6 -0.6
IWV iShares Russell 3000 ETF 32.5 20 15 5.4 -0.8
VTI Vanguard Total Stock Market Index Fund 32.5 3 32 5.6 -0.7
VOO VANGUARD S&P 500 ETF 32.4 3 32 5.8 -0.4
VTHR Vanguard Russell 3000 Index Fund 32.4 10 25 5.5 -0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 32.4 3 32 5.6 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 32.4 2 33 5.7 -0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 32.4 20 15 5.8 -0.5
LVUS Hartford Multifactor Low Volatility US Equity ETF 31.9 19 16 6.4 +0.2
SFY SoFi Select 500 ETF 31.7 0 35 5.6 -0.6
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 31.5 15 20 7.2 +1.0
SCHM Schwab U.S. Mid-Cap ETF 31.5 4 31 6.9 +0.7
VO Vanguard Mid-Cap Index Fund 31.5 4 31 5.9 -0.3
ETHO Etho Climate Leadership U.S. ETF 31.2 47 -12 4.8 -1.5
IUSV iShares Core S&P U.S. Value ETF 31.0 4 31 7.9 +1.7
AVUS Avantis U.S. Equity ETF 31.0 15 20 6.3 +0.0
JQUA JPMorgan U.S. Quality Factor ETF 31.0 12 23 5.5 -0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 30.9 12 23 5.2 -1.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 30.8 34 1 5.6 -0.7
IWD iShares Russell 1000 Value ETF 30.7 19 16 7.6 +1.4
PRF Invesco FTSE RAFI US 1000 ETF 30.5 39 -4 7.4 +1.1
VONV Vanguard Russell 1000 Value Index Fund 30.4 8 27 7.7 +1.5
IVE iShares S&P 500 Value ETF 30.4 18 17 7.7 +1.4
SPYV SPDR Portfolio S&P 500 Value ETF 30.4 4 31 7.8 +1.6
CATH Global X S&P 500 Catholic Values Custom ETF 30.4 29 6 5.6 -0.6
VOOV Vanguard S&P 500 Value ETF 30.3 15 20 7.7 +1.5
ESGV Vanguard ESG U.S. Stock ETF 30.3 12 23 5.6 -0.7
AFLG First Trust Active Factor Large Cap ETF 30.1 55 -20 6.2 -0.0
EXT WisdomTree U.S. Total Earnings Fund 29.9 28 7 6.1 -0.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 29.8 25 10 6.7 +0.4
DTD WisdomTree U.S.Total Dividend Fund 29.5 28 7 7.0 +0.8
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 29.0 35 0 6.3 +0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 28.8 25 10 7.0 +0.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 28.8 25 10 7.0 +0.8
EPS WisdomTree U.S. Earnings 500 Fund 28.7 8 27 6.9 +0.6
ACWV iShares Edge MSCI Min Vol Global ETF 28.7 20 15 6.1 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 28.6 27 8 5.3 -0.9
FLQL Franklin LibertyQ U.S. Equity ETF 28.6 15 20 6.7 +0.4
ESGU iShares MSCI USA ESG Optimized ETF 28.4 15 20 5.4 -0.8
VLU SPDR S&P 1500 Value Tilt ETF 28.2 12 23 8.0 +1.8
BFOR Barron's 400 ETF 28.1 66 -31 6.8 +0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 27.8 27 8 5.4 -0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 27.8 20 15 5.3 -0.9
RWL Invesco S&P 500 Revenue ETF 27.7 39 -4 7.3 +1.1
LGLV SPDR Russell 1000 Low Volatility ETF 27.6 12 23 6.0 -0.3
QWLD SPDR MSCI World StrategicFactors ETF 27.6 30 5 6.4 +0.2
FDLO Fidelity Low Volatility Factor ETF 27.5 29 6 5.5 -0.8
IUS Invesco Strategic US ETF 27.4 19 16 6.5 +0.3
IQSU IQ Candriam ESG US Equity ETF 27.4 9 26 5.5 -0.8
MGC Vanguard Mega Cap Index Fund 27.4 7 28 5.6 -0.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 27.3 66 -31 2.8 -3.5
TOK iShares MSCI Kokusai ETF 26.9 25 10 6.1 -0.1
FTC First Trust Large Cap Growth AlphaDEX Fund 26.7 61 -26 3.2 -3.1

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 Low Beta Equal Weight ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.0 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.52
 
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.