Invesco Russell 1000 Low Beta Equal Weight ETF
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.4x P/Sales
ratio
2.2x
P/BV
ratio
3.4x Div.
yield
1.7%


  • 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) $9
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 393
Wgt avg mkt cap (mns) $56,960
Large cap (>$10bn) 72.1%
Mid cap ($2-10bn) 27.6%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
LIBERTY BROADBAND CORP. CLASS C 0.4 %
ELI LILLY & CO 0.3 %
GENERAC HOLDINGS INC 0.3 %
NOVOCURE LIMITED 0.3 %
ALEXION PHARMACEUTICALS INC 0.3 %
REALPAGE INC 0.3 %
UNITED THERAPEUTICS CORP 0.3 %
VALMONT INDUSTRIES 0.3 %
INTERACTIVE BROKERS GRO-CL A 0.3 %
AMEDISYS INC 0.3 %
Total 3.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.9 %
IRELAND 1.8 %
BRITAIN 1.3 %
BERMUDA 1.0 %
SWITZERLAND 0.5 %
NETHERLANDS 0.3 %
CHINA 0.3 %




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.
4.1% 4.1% 9.4% -- 8.9%

Market Correlations
versus... Beta R-squared
S&P500 0.94 90%
MSCI EAFE 0.86 74%
MSCI Emg. Mkts. 0.70 62%

Technical Indicators
Recent close $35.78
30d moving avg. $35.13
Annualized volatility 18.7%
Short interest (ETF) 3.3%
Short interest (Underlying) 4.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $131,514

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 5.1%


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
(%)
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 59.4 35 0 5.1 0.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 58.9 35 0 5.0 -0.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 53.7 29 6 6.0 +1.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 53.0 9 26 5.0 -0.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 52.9 17 18 5.6 +0.6
RSP Invesco S&P 500 Equal Weight ETF 47.9 20 15 5.6 +0.6
TPLC Timothy Plan US Large Cap Core ETF 47.8 52 -17 4.4 -0.6
EUSA iShares MSCI USA Equal Weighted ETF 45.7 15 20 5.1 +0.1
ONEO SPDR Russell 1000 Momentum Focus ETF 45.5 20 15 5.6 +0.5
SIZE iShares MSCI USA Size Factor ETF 45.3 15 20 5.1 +0.1
RBUS Nationwide Risk-Based U.S. Equity ETF 45.3 30 5 4.6 -0.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 43.0 17 18 6.1 +1.0
ROUS Hartford Multifactor US Equity ETF 42.4 19 16 5.8 +0.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 42.1 20 15 6.2 +1.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 41.8 18 17 5.6 +0.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 41.8 29 6 7.3 +2.2
JHML John Hancock Multifactor Large Cap ETF 41.1 29 6 4.8 -0.2
EQAL Invesco Russell 1000 Equal Weight ETF 39.8 20 15 5.0 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 38.6 9 26 4.8 -0.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 38.4 24 11 5.5 +0.4
FEX First Trust Large Cap Core AlphaDEX Fund 38.3 60 -25 4.7 -0.4
JMIN JPMorgan U.S. Minimum Volatility ETF 38.2 12 23 5.3 +0.2
ESGV Vanguard ESG U.S. Stock ETF 38.1 12 23 4.5 -0.6
RNLC Large Cap US Equity Select ETF 38.1 60 -25 5.2 +0.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 37.6 30 5 5.2 +0.2
JHMM John Hancock Multifactor Mid Cap ETF 37.3 42 -7 4.7 -0.4
QUS SPDR MSCI USA StrategicFactors ETF 36.8 15 20 5.3 +0.2
IWR iShares Russell Midcap ETF 36.0 19 16 4.7 -0.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 35.8 4 31 4.9 -0.2
VOOV Vanguard S&P 500 Value ETF 34.6 10 25 6.6 +1.5
BFOR Barron's 400 ETF 34.5 65 -30 5.6 +0.5
AFLG First Trust Active Factor Large Cap ETF 33.7 55 -20 4.6 -0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 33.7 30 5 5.0 -0.0
JQUA JPMorgan U.S. Quality Factor ETF 33.6 12 23 5.0 -0.0
IWB iShares Russell 1000 ETF 33.5 15 20 4.4 -0.6
VONV Vanguard Russell 1000 Value Index Fund 33.3 8 27 6.2 +1.1
SCHK Schwab 1000 Index ETF 33.3 5 30 4.6 -0.5
SCHX Schwab U.S. Large-Cap ETF 33.3 3 32 4.5 -0.5
RESP WisdomTree US ESG Fund of Benef Interest 33.3 28 7 5.0 -0.0
IYY iShares Dow Jones U.S. ETF 33.3 20 15 4.4 -0.7
PBUS Invesco PureBeta MSCI USA ETF 33.2 4 31 4.6 -0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 33.0 20 15 4.8 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 33.0 8 27 5.9 +0.8
PBP Invesco S&P 500 BuyWrite ETF 32.9 49 -14 4.3 -0.8
VTHR Vanguard Russell 3000 Index Fund 32.8 10 25 4.4 -0.7
JMOM JPMorgan U.S. Momentum Factor ETF 32.7 12 23 3.0 -2.1
FLQL Franklin LibertyQ U.S. Equity ETF 32.7 15 20 5.9 +0.9
XYLG Global X S&P 500 Covered Call & Growth ETF 32.6 60 -25 4.4 -0.7
USMV iShares Edge MSCI Min Vol USA ETF 32.3 15 20 5.3 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 32.3 2 33 4.6 -0.5
SPLG SPDR Portfolio Large Cap ETF 32.3 3 32 4.7 -0.4
SPY SPDR S&P 500 ETF Trust 32.3 9 26 4.7 -0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 32.3 7 28 4.5 -0.5
SPXE ProShares S&P 500 Ex-Energy ETF 32.3 27 8 4.6 -0.5
IWD iShares Russell 1000 Value ETF 32.3 19 16 6.0 +1.0
IVV iShares Core S&P 500 ETF 32.3 3 32 4.7 -0.3
SPTM SPDR Portfolio Total Stock Market ETF 32.3 3 32 4.8 -0.3
VV Vanguard Large-Cap Index Fund 32.2 4 31 4.6 -0.5
DFAU Dimensional US Core Equity Market ETF 32.2 12 23 4.7 -0.4
SFY SoFi Select 500 ETF 32.1 0 35 4.6 -0.5
IWV iShares Russell 3000 ETF 32.1 20 15 4.3 -0.8
IUSV iShares Core S&P U.S. Value ETF 32.0 4 31 6.4 +1.4
SCHB Schwab U.S. Broad Market ETF 31.9 3 32 4.4 -0.6
VOO VANGUARD S&P 500 ETF 31.9 3 32 4.8 -0.3
IVE iShares S&P 500 Value ETF 31.8 18 17 6.3 +1.2
SPYV SPDR Portfolio S&P 500 Value ETF 31.8 4 31 6.4 +1.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 31.8 3 32 4.4 -0.7
VONE Vanguard Russell 1000 ETF 31.6 8 27 4.5 -0.5
AVUS Avantis U.S. Equity ETF 31.5 15 20 4.8 -0.3
SPXT ProShares S&P 500 Ex-Technology ETF 31.3 27 8 4.9 -0.2
VTI Vanguard Total Stock Market Index Fund 31.3 3 32 4.4 -0.7
ESGU iShares MSCI USA ESG Optimized ETF 31.3 15 20 4.4 -0.7
CATH Global X S&P 500 Catholic Values Custom ETF 31.1 29 6 4.6 -0.5
SCHV Schwab U.S. Large-Cap Value ETF 30.8 4 31 6.1 +1.0
IWS iShares Russell Mid-Cap Value ETF 30.7 24 11 5.9 +0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 30.7 20 15 4.6 -0.5
XVV iShares ESG Screened S&P 500 ETF 30.6 8 27 4.9 -0.2
ETHO Etho Climate Leadership U.S. ETF 30.5 47 -12 3.6 -1.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 30.5 29 6 6.2 +1.1
SIXL 6 Meridian Low Beta Equity Strategy ETF 30.3 84 -49 4.0 -1.0
USMF WisdomTree U.S. Multifactor Fund 30.1 28 7 5.4 +0.3
DTD WisdomTree U.S.Total Dividend Fund 29.9 28 7 6.2 +1.2
PRF Invesco FTSE RAFI US 1000 ETF 29.7 39 -4 5.8 +0.7
VO Vanguard Mid-Cap Index Fund 29.4 4 31 4.5 -0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 28.7 28 7 6.1 +1.1
SPXN ProShares S&P 500 Ex-Financials ETF 28.7 27 8 4.3 -0.7
MXDU Nationwide Maximum Diversification US Core Equity ETF 28.6 34 1 4.3 -0.8
TUSA First Trust Total US Market AlphaDEX ETF 28.5 70 -35 4.8 -0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 28.3 25 10 5.7 +0.7
IQSU IQ Candriam ESG US Equity ETF 28.3 9 26 4.5 -0.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 28.3 25 10 4.9 -0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 28.2 75 -40 2.0 -3.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 27.9 25 10 5.7 +0.6
USXF iShares ESG Advanced MSCI USA ETF 27.8 10 25 4.5 -0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 27.6 12 23 4.0 -1.1
MGC Vanguard Mega Cap Index Fund 27.4 7 28 4.6 -0.5
RWL Invesco S&P 500 Revenue ETF 27.4 39 -4 6.3 +1.2

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 16.5 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 5.1 %
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.