Invesco Russell 1000 Low Beta Equal Weight ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.1x P/Sales
ratio
2.1x
P/BV
ratio
3.0x Div.
yield
1.9%


  • 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 359
Wgt avg mkt cap (mns) $58,384
Large cap (>$10bn) 72.9%
Mid cap ($2-10bn) 25.7%
Small cap (<$2bn) 1.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ADVANCED MICRO DEVICES 0.4 %
UNITED PARCEL SERVICE-CL B 0.4 %
WATSCO INC 0.4 %
WEST PHARMACEUTICAL SERVICES 0.4 %
PENUMBRA, INC. 0.4 %
AMAZON.COM INC 0.4 %
TAKE-TWO INTERACTIVE SOFTWRE 0.4 %
COSTAR GROUP INC 0.3 %
VEEVA SYSTEMS INC-CLASS A 0.3 %
DELL TECHNOLOGIES INC CLASS V 0.3 %
Total 3.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.0 %
IRELAND 1.5 %
BERMUDA 1.4 %
BRITAIN 1.2 %
SWITZERLAND 0.6 %
CHINA 0.3 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.4% -1.5% -- -- 7.2%

Market Correlations
versus... Beta R-squared
S&P500 0.99 91%
MSCI EAFE 0.97 74%
MSCI Emg. Mkts. 0.67 58%

Technical Indicators
Recent close $32.42
30d moving avg. $31.31
Annualized volatility 17.8%
Short interest (ETF) 3.7%
Short interest (Underlying) 4.0%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.50%
ADV underlying (mns) $116,455

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™: 5.2%


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 54.1 35 0 5.6 +0.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 52.9 9 26 5.8 +0.6
RBUS Nationwide Risk-Based U.S. Equity ETF 50.4 30 5 4.6 -0.7
SCIU Global X Scientific Beta US ETF 49.4 19 16 5.6 +0.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 49.0 17 18 6.2 +0.9
RSP Invesco S&P 500 Equal Weight ETF 48.3 20 15 6.5 +1.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 47.8 29 6 6.7 +1.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 46.7 18 17 6.0 +0.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 44.7 17 18 6.3 +1.1
EUSA iShares MSCI USA Equal Weighted ETF 44.3 15 20 6.0 +0.8
SIZE iShares Edge MSCI USA Size Factor ETF 43.6 15 20 6.1 +0.8
JHML John Hancock Multifactor Large Cap ETF 42.9 29 6 5.4 +0.1
ONEO SPDR Russell 1000 Momentum Focus ETF 42.3 20 15 6.2 +1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 42.2 9 26 5.3 +0.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 41.4 20 15 6.8 +1.5
JMIN JPMorgan U.S. Minimum Volatility ETF 40.3 12 23 5.4 +0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 40.1 30 5 6.3 +1.0
EQAL Invesco Russell 1000 Equal Weight ETF 38.8 20 15 5.4 +0.2
RNLC Large Cap US Equity Select ETF 38.6 60 -25 6.1 +0.8
QUS SPDR MSCI USA StrategicFactors ETF 38.3 15 20 5.7 +0.4
USMV iShares Edge MSCI Min Vol USA ETF 37.0 15 20 5.4 +0.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 36.2 4 31 5.4 +0.1
FEX First Trust Large Cap Core AlphaDEX Fund 36.1 60 -25 5.8 +0.6
ROUS Hartford Multifactor US Equity ETF 36.0 19 16 7.0 +1.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 36.0 24 11 6.0 +0.7
JHMM John Hancock Multifactor Mid Cap ETF 36.0 42 -7 5.5 +0.3
PBP Invesco S&P 500 BuyWrite ETF 35.9 49 -14 4.8 -0.4
IWR iShares Russell Midcap ETF 35.8 19 16 5.5 +0.2
SCHX Schwab U.S. Large-Cap ETF 35.7 3 32 5.1 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 35.7 27 8 5.1 -0.2
JMOM JPMorgan U.S. Momentum Factor ETF 35.7 12 23 3.5 -1.7
VONE Vanguard Russell 1000 ETF 35.5 8 27 5.0 -0.3
SCHK Schwab 1000 Index ETF 35.5 5 30 5.1 -0.2
PBUS Invesco PureBeta MSCI USA ETF 35.5 4 31 5.1 -0.2
IWB iShares Russell 1000 ETF 35.5 15 20 4.9 -0.3
SPXT ProShares S&P 500 Ex-Technology ETF 35.4 27 8 5.4 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 35.4 20 15 5.1 -0.1
IYY iShares Dow Jones U.S. ETF 35.4 20 15 5.0 -0.3
HSPX Global X S&P 500 Covered Call ETF 35.3 65 -30 4.7 -0.6
SPY SPDR S&P 500 ETF Trust 35.2 9 26 5.2 -0.1
IVV iShares Core S&P 500 ETF 35.2 4 31 5.2 -0.0
SPLG SPDR Portfolio Large Cap ETF 35.1 3 32 5.2 -0.0
VOO VANGUARD S&P 500 ETF 35.1 3 32 5.2 -0.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 35.0 2 33 5.1 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 34.9 3 32 5.3 +0.1
VV Vanguard Large-Cap Index Fund 34.7 4 31 5.0 -0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 34.7 7 28 5.0 -0.2
SFY SoFi Select 500 ETF 34.5 0 35 5.0 -0.2
SCHB Schwab U.S. Broad Market ETF 34.5 3 32 5.0 -0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 34.4 29 6 5.8 +0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 34.4 3 32 5.0 -0.3
IWV iShares Russell 3000 ETF 34.3 20 15 4.8 -0.4
VTHR Vanguard Russell 3000 Index Fund 34.3 10 25 4.9 -0.4
VONV Vanguard Russell 1000 Value Index Fund 34.2 8 27 6.9 +1.7
IWD iShares Russell 1000 Value ETF 34.2 19 16 6.8 +1.6
ESGU iShares MSCI USA ESG Optimized ETF 34.1 15 20 4.9 -0.3
EXT WisdomTree U.S. Total Earnings Fund 34.0 28 7 5.0 -0.2
VTI Vanguard Total Stock Market Index Fund 33.8 3 32 4.9 -0.3
FLQL Franklin LibertyQ U.S. Equity ETF 33.6 15 20 6.0 +0.7
AVUS Avantis U.S. Equity ETF 33.1 15 20 5.5 +0.2
IUSV iShares Core S&P U.S. Value ETF 32.9 4 31 7.3 +2.1
JQUA JPMorgan U.S. Quality Factor ETF 32.7 12 23 5.2 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 32.5 27 8 4.8 -0.5
SPYV SPDR Portfolio S&P 500 Value ETF 32.4 4 31 7.3 +2.0
IVE iShares S&P 500 Value ETF 32.4 18 17 7.1 +1.9
VOOV Vanguard S&P 500 Value ETF 32.4 15 20 7.1 +1.9
CATH Global X S&P 500 Catholic Values Custom ETF 32.1 29 6 5.0 -0.2
ESGV Vanguard ESG U.S. Stock ETF 32.1 12 23 4.9 -0.3
IWS iShares Russell Mid-Cap Value ETF 32.1 24 11 7.0 +1.7
PRF Invesco FTSE RAFI US 1000 ETF 31.9 39 -4 6.6 +1.4
AFLG First Trust Active Factor Large Cap ETF 31.8 55 -20 5.3 +0.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 31.5 34 1 4.7 -0.6
USMF WisdomTree U.S. Multifactor Fund 31.4 28 7 5.3 +0.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 31.4 12 23 4.4 -0.8
BFOR Barron's 400 ETF 31.2 65 -30 6.1 +0.8
EPS WisdomTree U.S. Earnings 500 Fund 31.1 8 27 6.3 +1.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 31.1 25 10 6.3 +1.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 30.8 25 10 6.2 +1.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 30.6 35 0 5.7 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 30.6 20 15 4.7 -0.5
ETHO Etho Climate Leadership U.S. ETF 30.4 47 -12 4.2 -1.1
IUS Invesco Strategic US ETF 30.4 19 16 6.3 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 30.4 25 10 6.2 +1.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 30.3 75 -40 3.8 -1.5
VO Vanguard Mid-Cap Index Fund 30.3 4 31 5.1 -0.1
MGC Vanguard Mega Cap Index Fund 30.2 7 28 5.0 -0.2
DTD WisdomTree U.S.Total Dividend Fund 30.2 28 7 6.5 +1.2
LVUS Hartford Multifactor Low Volatility US Equity ETF 30.1 19 16 6.0 +0.8
PSET Principal Price Setters Index ETF 30.0 29 6 4.6 -0.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 29.6 29 6 7.8 +2.6
IWL iShares Russell Top 200 ETF 29.3 15 20 4.8 -0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 29.3 27 8 4.8 -0.5
IQSU IQ Candriam ESG US Equity ETF 29.2 9 26 4.9 -0.4
BKLC BNY Mellon US Large Cap Core Equity ETF 29.0 0 35 4.9 -0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 28.9 9 26 5.5 +0.3
QWLD SPDR MSCI World StrategicFactors ETF 28.9 30 5 6.0 +0.8
RWL Invesco S&P 500 Revenue ETF 28.9 39 -4 7.0 +1.8
TOK iShares MSCI Kokusai ETF 28.8 25 10 5.4 +0.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 28.8 20 15 7.4 +2.1
VLU SPDR S&P 1500 Value Tilt ETF 28.4 12 23 7.2 +2.0

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 15.8 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.